Dior Channels Rebellious Women at Paris Fashion Week

A model presents a creation from Christian Dior Womenswear Fall-Winter 2023-2024 collection during Paris Fashion Week in Paris, on February 28, 2023. (AFP)
A model presents a creation from Christian Dior Womenswear Fall-Winter 2023-2024 collection during Paris Fashion Week in Paris, on February 28, 2023. (AFP)
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Dior Channels Rebellious Women at Paris Fashion Week

A model presents a creation from Christian Dior Womenswear Fall-Winter 2023-2024 collection during Paris Fashion Week in Paris, on February 28, 2023. (AFP)
A model presents a creation from Christian Dior Womenswear Fall-Winter 2023-2024 collection during Paris Fashion Week in Paris, on February 28, 2023. (AFP)

After Milan, global fashion's spotlight shifted to the final stretch of ready-to-wear shows in Paris on Tuesday, as the industry looks to the future with all the final fall trends.

But displays in the French capital will also revisit the past this week, with homages to recently deceased designers Vivienne Westwood and Paco Rabanne.

Here are some highlights of Tuesday's fall-winter 2023-2024 collections, including Dior:

Dior’s rebels

A surreal and colorful organic world awaited guests inside Paris' Tuileries gardens.

A spectacular Dior installation suggestive of a giant octopus spanned the length and breadth of the runway, its color-rich fabric tentacles gleaming with thousands of tiny lights. It was the work of Portuguese artist Joana Vasconcelos, who wanted to explore how organic form interacted with the "feminine realm of artisanal savoir-faire."

It made for a dazzling backdrop especially given the flurry of paparazzi flashes snapping guests including model Elle Macpherson, K-pop star Jisoo and actresses Maisie Williams and Charlize Theron.

If the decor seemed futuristic, designer Maria Grazia Chiuri used the past as a touchstone in the clothes, resulting in less exuberance — but no less flair.

Three women -- the house founder’s sister Catherine Dior, a French resistance hero, as well as French singers Edith Piaf and Juliette Greco, each described as "rebellious, at once strong and fragile" -- were muses in this collection. It channeled the 1950s, Christian Dior’s heyday.

A vintage air was evoked in a faded black leather menswear coat, crumpled houndstooth skirt and wrinkled woolen socks.

Elsewhere, sweaters and skirts sported extra volume in the shoulders or hips in a nod to the thicker fabrics of the post-war period. Stand out pieces included a black textured skirt hung heavily with thousands of embellished flowers that cut a fine androgynous figure below a white shirt and tie. While mottled fabric featured a gleaming metallic thread sewn into it, revealing the skills of Dior’s atelier.

Chiuri's empowering styles impressed Theron, who told The AP: "She loves women. And in loving women she understands that a woman is feminine but also masculine. We’re vulnerable and we’re strong. We’re contradictions. We’re a little bit of everything, and I love that she has that wisdom."

Mame Kurogouchi, past and future

The Japanese ready-to-wear brand of Mame Kurogouchi delves edgily between past and present, mixing traditional dressmaking with new technologies.

This was on full display at fall’s minimalist take on the 80s — as far as a decade that exuberant can be minimalist.

A gray pantsuit with crisp clean lines had a futuristic feel with a diagonal dynamic. A black scarf that gripped the neck like a hand tugged down the shoulder, complementing a black space age fanny pack that evoked a cummerbund.

A pared down color palette created a sanitized feel that worked nicely on the 80s references — broad, flat apron silhouettes, hoods and thickly textured top-heavy ensembles.



LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
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LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights

Shares in LVMH (LVMH.PA) fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth at the French luxury goods giant missed analysts' consensus estimate.

The world's biggest luxury group said late Tuesday its quarterly sales rose 1% year on year to 20.98 billion euros ($22.76 billion), undershooting the 21.6 billion expected on average by analysts polled by LSEG.

At 1000 GMT, LVMH's shares were down 4.5%.

The earnings miss weighed on other luxury stocks, with Hermes (HRMS.PA), down around 2% and Kering (PRTP.PA), off 3%.

Kering is scheduled to report second-quarter sales after the market close and Hermes reports on Thursday, Reuters reported.

Jittery investors are looking for evidence that the industry will pick up from a recent slowdown, as inflation-hit shoppers hold off from splashing out on designer fashion.

JPMorgan analyst Chiara Battistini cut full year profit forecasts by 2-3% for the group, citing softer trends at LVMH's fashion and leather goods division, home to Louis Vuitton and Dior.

"The soft print is likely to add to ongoing investors’ concerns on the sector more broadly in our view, confirming that even best-in-class players like LVMH cannot be immune from the challenging backdrop," said Battistini in a note to clients.

The weakness of the yen, which has prompted a flood of Chinese shoppers to Japan seeking bargains on luxury goods, added pressure to margins, another source of concern.

Equita cut 2024 sales estimates for LVMH by 3% - attributing 1% to currency fluctuations - and lowered its second half organic sales estimate to 7% growth from 10% growth previously.

The lack of visibility for the second half beyond the easing of comparative figures - as the Chinese post-pandemic lockdown bounce tapered off a year ago - is unlikely to improve investor sentiment to the luxury sector, Citi analyst Thomas Chauvet said in an email to clients.

"No miracle with the luxury bellwether; sector likely to remain out of favour," he wrote.

Jefferies analysts said the miss came as investors eye Chinese shoppers for their potential to "resume their pre-COVID role as the locomotive of industry growth and debate when Western consumers will have fully digested their COVID overspend".

LVMH shares have been volatile since the luxury slowdown emerged, and are down about 20% over the past year, with middle-class shoppers in China, the world's No. 2 economy, a key focus as they rein in purchases at home amid a property slump and job insecurity.

LVMH offered some reassurance, with finance chief Jean-Jacques Guiony telling analysts during a call on Tuesday that Chinese customers were "holding up quite well," while business with US and European customers was "slightly better".