These are the stories making headlines in fashion on Tuesday.
LVMH Fashion Sales Fall 5%
LVMH’s fashion and leather goods sales fell 5% year-over-year in the first nine months of 2026 to €26.4 billion ($29.6 billion). The company cited a “less buoyant” economic backdrop in China, particularly at the start of the quarter. Overall organic sales rose 1%, helped by items such as watches and jewelry. However, since the start of the year, LVMH’s market share has fallen about 40%. {LVMH; Reuters/paywalled}
Kim Jones Relaunches Namesake Brand After Dior Exit
Designer Kim Jones is reviving his namesake menswear label, which he shelved in 2008, with Design Director Lucy Beeden. The brand will launch online in mid-2027 with a direct-to-consumer model focused on genderless designs, and it plans a Hong Kong flagship as early as October 2027. Jones and Beeden retain a majority stake, with an undisclosed investor backing plans to scale quickly across Asia. The most expensive piece in the debut collection is a €1,300 ($1,456) coat, part of what Jones describes as a “considered” luxury price point. {Business of Fashion/paywalled}
Riyadh Fashion Week Postponed After Airport Attack
Riyadh Fashion Week, which was set to hold its fourth edition from Oct. 15-20, has been postponed, according to local sources. Organizers have not made an official announcement yet. The move follows attacks by Yemen’s Iran-backed Houthi militants on King Khalid International Airport that killed 14 people and injured more than 300. Airport operations are suspended, some airlines have halted service to Riyadh and several countries have issued travel warnings for Saudi Arabia. {Business of Fashion/paywalled}
Judge Dismisses Sol de Janeiro Packaging Claim
A federal judge dismissed Sol de Janeiro’s trade dress infringement claim against MCoBeauty on Sept. 30, ruling the brand did not adequately show that the packaging elements it seeks to protect are nonfunctional. The court gave Sol de Janeiro until Oct. 20 to amend its complaint. Attorneys say the ruling largely favors Sol de Janeiro, since the court found it plausibly alleged consumer confusion and allowed its unfair trade practices and false advertising claims over MCoBeauty’s website search function to proceed. {Justia}
European Luxury Stocks Lose $350 Billion This Year
European luxury companies have lost about $350 billion in market value this year as hopes of a rebound faded and weakness in China persisted. LVMH’s bigger-than-expected third-quarter miss in fashion and leather goods dented sector shares Tuesday, extending a slide that has nearly halved the combined value of the big four since 2024. Only Richemont, which leans more toward watches and jewelry, has resisted the trend, while LVMH’s 40% drop this year has cut billions from CEO Bernard Arnault’s fortune. {Reuters/paywalled}