This is Tuesday’s fashion news.
LVMH Sees Growth Accelerating in Second Quarter
LVMH’s fashion and leather goods unit ended a two-year slump in the second quarter, with sales up 1% as the relaunch of Dior under Jonathan Anderson began to pay off. Overall, the group’s revenue rose 3% to €38.6 billion ($44 billion) in the first half of the year, beating analyst forecasts, thanks to strong performances from Louis Vuitton, Tiffany and Sephora. Cash pressures still weighed on the bottom line, however, driving profits down 4% to 8.7 billion ($9.9 billion) as the business itself showed signs of improvement. {LVMH}
Tyla Named Brand Ambassador for Kate Ok
Image: Max Christiansen/BFA
Kate Spade New York has named Grammy-winning singer Tyla as its new global ambassador, kicking off a year-long partnership that begins with the label’s Fall 2026 campaign. The campaign features themes from Tyla’s upcoming sophomore album, “A*POP,” and features her carrying the brand’s signature Duo Mini Shoulder Bag in new colors, including Beet and Laurel Leaf.
Unilever Improves Outlook Amid Consumer Demand
Unilever posted its best quarterly volume in more than a decade, prompting the company to raise its full-year outlook after underlying sales rose 4.8% in the first quarter, to 5.8% in the second quarter on strength in India, Indonesia and Latin America. “Our products are strong, our operations are sharp and we’re driving great demand,” CEO Fernando Fernandez said in a statement, pointing to heavy investment in marketing for brands like Dove and Vaseline. {Unilever}
Burberry Marks 170 Years With V&A Exhibition
Burberry and The Victoria and Albert Museum will open a free exhibit, “The Burberry Trench: Crafting an Icon,” from Sept. 21 to Jan. 3 at the V&A South Kensington to mark 170 years of the fashion house. The exhibition traces the evolution of the coat from Thomas Burberry’s 1879 invention of cotton gabardine through its rise as a global style staple, drawing on rare pieces from both the Burberry Archive and the V&A’s holdings, including 19 runway looks from former creative directors Christopher Bailey and Daniel Lee.
Johnson & Johnson to Pay $5.5 Billion in Talc Settlement
Johnson & Johnson (J&J) has agreed to pay $5.5 billion to settle a lawsuit that claimed its baby powder caused ovarian cancer, a deal that depends on at least 95% of plaintiffs in some 76,000 pending lawsuits agreeing to join. The decision comes on the heels of a court ruling in favor of and a $966 million judgment against the company last October, the largest settlement ever awarded to a single plaintiff in the case. “This decision allows the Company to put this matter behind it and remain focused on its mission to develop life-saving medicines and devices,” J&J Worldwide Litigation Vice President Erik Haas said in a statement. The company still insists that its products have never contained asbestos. {Johnson & Johnson}
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