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EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

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Fashion

How a new wave of U.S. designers is reshaping Paris fashion

Not since Marc Jacobs’ transformative tenure at Louis Vuitton has Paris seen such a wave of American creative leadership. This Spring Summer 2026 season, three shows stood out: Jack McCollough and Lazaro Hernandez’s assured debut at Loewe, Daniel Roseberry’s commanding outing at Schiaparelli, and Michael Rider’s sophomore collection at Celine....

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