Fashion
LVMH CEO Arnault: Ask me again in 10 years about succession plans
By
Reuters
Published
December 17, 2025
LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession plans for the world’s biggest luxury group.
“Talk to me again in 10 years, I can give you a more precise answer,” Arnault, 76, told broadcaster CNBC in an interview, referring to his latest mandate extension, approved by shareholders earlier this year.
“I hope … that I will make these 10 years,” he said.
Commenting on the role of his five children at the family-controlled luxury giant, Arnault gave little insight on who could take over the helm.
“For getting responsibility, they have to merit the responsibility and to prove they can do it,” Arnault said.
© Thomson Reuters 2025 All rights reserved.
Fashion
Indonesia’s thrift surge fuels waste and textile industry woes
Indonesia’s second-hand clothing boom, despite a long-standing ban on importing used clothes (since ****) aimed at protecting the domestic textile industry, preventing health and environmental risks, and promoting local production, is fast becoming one of the country’s most troubling economic and environmental dilemmas.
What began as an underground trade catering to budget-conscious shoppers has evolved into a full-blown national concern—one that is hollowing out the industry, overwhelming landfills, and upending the domestic market.
Fashion
UK growth outlook cautious despite marginal CEI rebound
The Conference Board (TCB) Leading Economic Index (LEI) for the United Kingdom edged down by 0.1 per cent in October 2025 to 74.1 (2016=100), marking a second consecutive monthly decline after a similar fall in September. As a result, the UK LEI contracted by 0.8 per cent over the six-month period from April to October 2025.
The UK Leading Economic Index fell 0.1 per cent in October 2025, extending its decline and signalling continued weakness in forward-looking indicators.
Over six months, the LEI contracted 0.8 per cent, though less sharply than earlier in the year.
Meanwhile, the Coincident Economic Index rose marginally, but its six-month growth slowed sharply, indicating softer underlying economic momentum.
While this indicates continued softening in forward-looking economic signals, the pace of decline was notably slower than the 1.5 per cent contraction recorded between October 2024 and April 2025, suggesting some moderation in downside momentum, TCB said in a release.
In contrast, the Conference Board Coincident Economic Index (CEI) for the UK rose by 0.1 per cent in October 2025 to 108.1 (2016=100), reversing a 0.1 per cent decline in September. Despite this monthly improvement, overall growth in current economic activity remained subdued.
The CEI increased by just 0.2 per cent between April and October 2025, well below the 1 per cent expansion seen in the previous six-month period from October 2024 to April 2025.
Fibre2Fashion News Desk (HU)
Fashion
Gordon Brothers takes majority stake in Rachel Zoe brand
Published
December 18, 2025
Gordon Brothers has made a majority investment in the intellectual property of the Rachel Zoe brand and its related consumer business, adding the fashion and lifestyle label to its growing portfolio of licensed brands.
Under the terms of the deal, Gordon Brothers will lead the next phase of growth for the Rachel Zoe business by strategically developing the licensing business to expand product categories, experiences and distribution points.
“Rachel is an influential entrepreneur and global fashion authority who has grown her brand and broadened her cultural footprint across fashion, media and consumer lifestyle spaces,” said Tobias Nanda, head of brands at Gordon Brothers.
“We are excited to add Rachel Zoe to our portfolio of brands and partner with Rachel to build upon the legacy she has created.”
The Rachel Zoe Collection launched in 2011 with its first ready-to-wear line, and has since grown into a lifestyle brand including apparel, home, fragrance, eyewear, and children’s and baby products.
Rachel Zoe will remain closely involved with the brand as a significant shareholder, founder and chief creative officer, and a member of the board of directors.
“I am beyond thrilled to announce this new strategic partnership,” said Zoe.
“Gordon Brothers was the right fit to take the Rachel Zoe brand to the next level given the firm’s deep experience in growing global brands through licensing partnerships, innovative product development, creative marketing and operational expertise.”
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