The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
The designer passed away in Paris at the age of 59. He had recently launched his own label, AZ Factory, in collaboration with Swiss-based luxury group Richemont, and previously led design at Lanvin from 2001 to 2015.
One brand that appeared to be gathering momentum is the house of Alaïa, which profited from haute couture week in Paris to present its latest ideas, many mined very literally from the house's unique archives.
Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
On Friday, Swiss group Richemont, the world’s second-largest luxury group, announced the acquisition of Italian jeweller Buccellati from Chinese group Gangtai Holding, without disclosing the value of the transaction.