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Gucci Reports 25% Revenue Drop and Jacquemus Arrives in NYC in This Week's Top Fashion News This week, fashion's biggest headlines highlighted the luxury slowdown's latest victims, global collaborations and regional brand expansions.In the luxury market, Kering reported a 16% dive in sales last quarter affecting Gucci, Balenciaga and more, while Moncler hosted its star-studded collaborative "City of Genius" launch in Shanghai. Elsewhere, French designer Jacquemus generated mass excitement on the streets of New York City, opening its first store in the region, and Shawn Stussy officiall...
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