Christian Dior Hosts Live, Audience-free Fashion Show

FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
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Christian Dior Hosts Live, Audience-free Fashion Show

FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls

Christian Dior hosted a live but audience-free fashion show on Wednesday in the Italian city of Lecce, in a dazzling celebration of local crafts and traditions that included a dance spectacle in the middle of the baroque main square.

Luxury labels are tentatively returning to the catwalk after the coronavirus pandemic, and Dior streamed the show live without the usual array of celebrities in the front row.

But the French brand upped the ante by staging an extravanga with a live orchestra and dancers performing a modern take on a traditional tune, while models wound their way through a gallery of lights called Luminarie in Lecce’s Piazza del Duomo.

Outfits in the so-called “Cruise” collection included embroidered dresses with firework patterns, in a nod to Italian folklore, while artist Pietro Ruffo’s wildflower drawings were translated onto colorful dresses.

Dior’s Italian creative chief Maria Grazia Chiuri said she had sought to showcase the craftmanship of the Puglia region - her father’s homeland - and help it endure by casting it in a fresh light, Reuters reported.

“I understood in this process where my passion and my origins are from and why I am so attracted to this type of work, this embroidery, this tradition,” Chiuri told Reuters in an interview.

“I saw my grandmother, my aunts, women used to sit outside their homes and create this beautiful work.”



LVMH Third-Quarter Sales Fall 3% as China Weighs

Logo of Dior brand is seen outside a Dior store in Paris, France, January 27, 2020. (Reuters)
Logo of Dior brand is seen outside a Dior store in Paris, France, January 27, 2020. (Reuters)
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LVMH Third-Quarter Sales Fall 3% as China Weighs

Logo of Dior brand is seen outside a Dior store in Paris, France, January 27, 2020. (Reuters)
Logo of Dior brand is seen outside a Dior store in Paris, France, January 27, 2020. (Reuters)

French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, its first decline in quarterly sales since the pandemic, as rising prices and economic uncertainty held back shoppers.

Revenue for the world's biggest luxury group was 19.08 billion euros ($20.8 billion) for the three months ending in September, a 3% fall on an organic basis, stripping out the effect of currencies, acquisitions and divestitures.

The figure missed a consensus estimate of 2% organic growth, according to Barclays.

The numbers will offer little reassurance to jittery investors who already had low expectations for the quarter.

The fashion and leather goods division, home to Louis Vuitton and Dior labels, reported a decline of 5%, well below consensus expectations for 4% growth, and the first decline for the business since 2020 during the height of the pandemic.

Fashion and leather goods comprise almost half of LVMH revenue and nearly three-quarters of its recurring profit.

Investors have grown nervous about the luxury goods sector since a post-pandemic spending spree lost momentum last year, with Chinese appetite for high end fashion a major source of concern. The country's property crisis has weighed on shoppers' confidence, and hopes that government stimulus measures could quickly reignite enthusiasm for high-end merchandise have yet to be fulfilled.

UBS has predicted that the third quarter will be the worst for the sector in four years, with a 1% decline in organic sales year-on-year.