LVMH

At the Nona Source showroom in northern Paris, designers pick through luxurious textiles with ornate names: curly alpaca, geometrical macrame guipure, silk diamond cloque Jacquard.

What makes them really exotic, however, is that they all come from "deadstocks," the leftovers designers discard when they have finished with a roll of fabric.

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion.

Milan Fashion Week was not even over and the fashionistas were already back in Paris on Sept. 23 for another 100-plus shows in the hectic womenswear season.

The spring-summer 2024 collections in the French capital run until Oct. 3, with 107 brands presenting, of which 67 are giving runway shows.

Dior put on an austere sci-fi spectacle at Paris Fashion Week on June 23 that wowed the audience with models rising unexpectedly out of hidden trapdoors.

Despite the impressive gimmick, Dior's creative director Kim Jones told AFP the stark, metallic set design was aimed at putting the focus on the outfits --not always the case in the publicity-hungry world of high fashion.

New Yorkers and tourists will once again stroll between the rings and diamonds of jeweler Tiffany & Co. on Fifth Avenue, which officially reopened for business on April 26 after extensive renovations under new owners, French luxury giant LVMH.

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss has said, with luxury goods seemingly unaffected by global economic uncertainty.     

The Volkswagen subsidiary is enjoying "high demand" and has an order book covering the next 18 months, CEO Stephan Winkelmann said.    

The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed on Dec. 7.    

Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report.    

London-based Albanian fashion designer Nensi Dojaka won one of the most prestigious prizes in the fashion industry, the 2021 LVMH prize for emerging talent in fashion design, at a glittering awards ceremony in Paris.

French couture house Givenchy, owned by luxury goods giant LVMH (LVMH.PA) and known for once dressing Hollywood stars such as Audrey Hepburn, said on June 15 it had named Matthew Williams as its new creative director.

Singer Rihanna has stormed into the Sunday Times Rich List of musicians at number three, with an estimated wealth of 468 million pounds ($576 million), thanks partly to the success of her fashion and cosmetics brands with Louis Vuitton-owner LVMH.