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This Week in Fashion: Luxury Slowdown Claims New Victims, Global Collaborations and Regional Brand Expansions
The luxury market has been hit hard this week, with major brands like Gucci and Balenciaga reporting a significant decline in sales. Meanwhile, Moncler made a splash with its star-studded “City of Genius” launch in Shanghai, and Jacquemus opened its first store in New York City. In the world of collaborations, Wales Bonner and adidas Originals released a new collection, while Beams and Polo Ralph Lauren paid tribute to the iconic Polo Bear motif. And in exciting news for fashion lovers, Gucci announced the date and location for its cruise 2026 show. Keep reading for a roundup of the top fashion stories of the week, brought to you by Hypebeast.
Kering Takes a Hit: Gucci, Saint Laurent, Balenciaga Sales Plummet
In a major blow to the luxury industry, French conglomerate Kering reported a 16% drop in sales last quarter, with its flagship brand Gucci taking the biggest hit with a 25% decline. Other brands under the Kering umbrella, including Saint Laurent and Balenciaga, also saw significant drops in sales. This news has sparked speculation about potential changes and strategies for the company in the future.
Moncler’s “City of Genius” Launch in Shanghai Draws A-List Collaborators
Moncler pulled out all the stops for its “City of Genius” launch in Shanghai, enlisting a star-studded lineup of collaborators including A$AP Rocky, Willow Smith, and Jil Sander. The event was a spectacle to behold, with Hypebeast on the ground to capture all the excitement and give a sneak peek at the innovative designs that were unveiled.
Jacquemus Makes a Splash with First New York City Store Opening
French designer Jacquemus made a big move this week, opening its first-ever store in New York City. The brand’s founder, Simone Porte Jacquemus, was on hand to greet fans and celebrate the occasion. The store, located in SOHO, features a unique design by architecture studio OMA that combines the brand’s signature French charm with the historical identity of the building.
Collaboration Alert: Wales Bonner x adidas Originals, Beams x Polo Ralph Lauren
Collaborations continue to be a major trend in the fashion world, with Wales Bonner teaming up with adidas Originals for a new collection and Beams joining forces with Polo Ralph Lauren to pay homage to the iconic Polo Bear motif. These exciting partnerships are sure to be a hit with fashion lovers.
Gucci Announces Cruise 2026 Show Date and Location
In a glimmer of hope for the luxury market, Gucci has announced the date and location for its cruise 2026 show. This news has sparked anticipation and excitement for what the brand has in store for its next collection. In these uncertain times, fashion lovers are eagerly looking forward to seeing what Gucci has in store.
