LVMH, the world’s largest luxury group, posted yet another year of record sales, racking up global turnover of €53.7 billion in 2020, a 15% increase on the previous year.

Jeremy Scott has cancelled his upcoming runway show in New York, in a move that will significantly weaken the American fashion catwalk season. Instead, the designer will show during haute couture in Paris in July.

The US e-tail site has been applying stock market-inspired concepts to the sale of sneakers for three years. CEO Scott Cutler told FashionNetwork.com he wants to go further in deploying the IPO-for-products model.

Alessandra Facchinetti has been named creative director of Harlan + Holden, an Asian fashion company that defines itself as the world’s first “time-saving” clothing brand.

The spread of the deadly coronavirus in China could mean the world’s luxury industry seeing sales dented by fewer Chinese shoppers travelling abroad, tax-free payments specialist Planet said on Thursday.

John Galliano marked a return to his old neighbourhood on a crisp Wednesday morning, with an impressive statement of his signature deranged beauty in the Marais, where he has resided for almost two decades in Paris.

Burberry’s Q3 update offered further signs of the strength of the firm’s growth strategy. It had “a good quarter” and “continued to shift consumer perceptions of our brand and align the network to our new vision”.

Chanel couturier Virginie Viard went back to the roots of the house for inspiration this couture season, back before Coco imagined she would be a designer – all the way to her convent school deep in rural France.

Premium-contemporary brand Tiger of Sweden has announced the departure of its creative director Christoffer Lundman, saying the company and the designer “have mutually agreed to part ways after two years”.

The Jigsaw-owned luxury multi-brand store The Shop at Bluebird is to close on Sunday, a further sign of the challenges in the UK retail sector at present.

The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.

Sir Paul Smith celebrated his 50th Anniversary on Sunday night in Paris, and the stars came out to fete fashion’s best-loved knight.

Leave it to Olivier Saillard and J.M. Weston to fête the debut of their new vintage project – a neat example of the circular economy – with a moment of Parisian performance art.

Burberry will be taking its autumn/winter 2020 fashion show directly to the market that’s driving luxury growth at present with plans to show in Shanghai, China on April 23.

Swiss luxury group Richemont had good news and bad for its latest quarter as Fashion & Accessories sales fell, but it saw good growth overall in most of its markets for the wider business.

Starting this February, The Museum at the Fashion Institute of Technology (MFIT) will be hosting an exhibition exploring the influence of the centuries-old art form of classical ballet on modern high fashion.