Jack McCollough and Lazaro Hernandez, the celebrated design duo behind Proenza Schouler, will take over as creative directors at Loewe.

British designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced.

France's lower house of Parliament has unanimously approved a pioneering bill to curb the environmental impact of fast fashion, marking a significant step towards sustainability in the global fashion industry.

The world might see its first trillionaire sooner than you think.

The president of the Paris Olympic organizing committee says the operating budget for the 2024 Games is “under control.”.

Protesters opposed to President Emmanuel Macron’s unpopular plan to raise the retirement age to 64 have marched in cities and towns around France, in a final show of anger before a decision on whether the measure meets constitutional standards.

LVMH CEO Bernard Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker.

NEW YORK – The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.8 billion, down from the $16.2 billion that was first offered earlier this year. Rumors that the two luxury companies had rekindled talks began to surface in recent days. “We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany," LVMH CEO Bernard Arnault said in a prepared statement Thursday. LVMH, led by billionaire Arnault, a consumate dealmaker, believes Tiffany will strengthen its position in high-end jewelry and in the U.S. market.

Tiffany & Co. has been working hard to change its stodgy image to court Millennials over the past few years. (CNN) - Tiffany & Co. has been working hard to change its stodgy image to court millennials over the past few years. The market was intrigued by the offer, with Tiffany shares jumping 31%, closing at $129.72 on Monday. Sales have been up since Tiffany unveiled its digital campaign "Believe in Dreams," aimed at younger audiences last year. But Chen sees an upside for Tiffany being acquired by LVMH, which has its own, more prominent, contemporary branding profile.

Getty ImagesNEW YORK - French luxury goods giant LVMH is eyeing a takeover of Tiffany & Co., the iconic New York jeweler known for its little blue boxes. Shares of Tiffany skyrocketed nearly 20% in premarket trading Monday, while LVMH stock was up 0.4% in Paris. "A takeover of Tiffany could make a lot of sense," analysts at Bernstein wrote in a research note. While Tiffany is one of the world's best-known luxury brands, the analysts said it still has room to grow, particularly in jewelry and watches. It would also bolster the French company's jewelry and wristwatch lineup, which include European legacy brands such as Bulgari, Hublot and TAG Heuer.