High Fashion Brands Revamp Luxury Sector After Armani's Death

The luxury fashion industry is currently experiencing significant shifts as it seeks to revive growth after a slowdown following the post-pandemic boom. Iconic brands like Chanel, Dior, and Gucci are introducing new designers and collections to reignite consumer interest amid economic challenges such as China's property crisis and the impact of U.S. trade policies. This period also marks a transition with new leadership and creative directors taking charge at major houses, while the recent death of Giorgio Armani raises questions about the future direction of his eponymous label. Meanwhile, designers like Sabyasachi Mukherjee have demonstrated how rootedness in cultural heritage and restraint can build a globally respected luxury brand, blending tradition with modern aspiration. Additionally, the fashion industry is witnessing legal and creative tensions, exemplified by Hedi Slimane's call for Celine to move forward with a new visual identity independent of his prior work, reflecting broader dynamics around creative ownership and brand evolution. In the ultra-luxury segment, Stefano Ricci continues to cater to the highest echelon of clientele with handcrafted Italian elegance, showcasing the diversity and exclusivity that define the luxury market today.