Read the transcript
Welcome in, today is Friday, October ninth, and we begin with WWD's report that LVMH and Kering are tightening their joint model charter.
WWD reports the two groups have fortified the charter they jointly established in two thousand seventeen, with a new zero-tolerance policy on any form of harassment, abuse or violence. Everyone involved in shows, castings and photo shoots for their brands is to receive training next year, which pulls agencies, freelancers and production partners into scope and points straight at booking terms and vendor paperwork. Per that account, the groups also plan unannounced checks and audits at workplaces, and closer monitoring of interactions with models during nudity or partial nudity. Those rules call for a prior formal agreement, a dedicated space, and no possibility of a model being left alone with a member of the production team. A strengthened reporting procedure can be activated at any point in a collaboration, with anonymity and protection for witnesses. The same reporting says the minimum age for models representing adults rises to eighteen, up from sixteen, and that the protocols take effect next year, starting with Paris Fashion Week Men's in January, across all houses wherever they operate. Industry reaction leans approving, with support framed around two rival groups setting one shared standard, and a minority note asking whether a voluntary charter on castings and shows will be matched by harder compliance on wider labour obligations.
Also today, following our earlier report on the third-quarter hit to Levi's direct-to-consumer sales, Levi Strauss has raised its full-year profit guidance. Drapers reports the upgrade follows a quarter the company calls strong, with tariff refunds reinvested into the business to drive growth. That summary carries no revised figure, which leaves operators to separate a one-off duty recovery from underlying demand before reading the quarter as a turn. Industry reaction leans toward treating the profit upgrade as largely nonrecurring, with a recurring observation that the lift came from one-off tariff refunds while revenue guidance was trimmed to the bottom of the prior range, and softening direct-to-consumer growth flagged as the number to watch. A contrarian thread in that reaction reads the wholesale channel turning positive, alongside international gains, as the more durable signal.
Separately, the Financial Times argues that of the dozens of designers who debuted at a new house over the past year, only Matthieu Blazy at Chanel has set off a global sales frenzy, and one not yet fully reflected in the house's financials. Chanel reported nineteen point three billion dollars in sales in two thousand twenty-five. By that read, a creative reset is now judged on sell-through rather than front-row reception. That assessment credits Blazy's influence, boxier cropped tailoring, fluid tweeds and square-toed shoes, as visible on runways everywhere, and runs cooler elsewhere in Paris, reading Miu Miu as fun but not rule-rewriting. Reaction splits by audience. Trade commentary leans celebratory on momentum and fast sell-through, while consumer threads run lukewarm on the garments, and some would frame the heat as brand and newness driven rather than design consensus.
Cambodia's garment wages are under fresh scrutiny, according to WWD, after a two dollar increase in the minimum wage landed alongside a BBC investigation into factories making Adidas jerseys. That summary does not detail the BBC's findings, and they have not been independently verified. Cambodia sits in the core sourcing base for Western apparel, so the wage line and the supplier-compliance question both read through to landed-cost assumptions. A recurring observation in the trade is that the wage council voted near-unanimously to hold the rate flat, with the increase arriving afterward as an executive top-up, which some read as the tripartite bargaining mechanism no longer producing its intended outcome. Compliance-facing commentary treats the change as a routine payroll line, while labour-side voices set it against cost-of-living growth and a far higher union ask.
Now, a few more headlines moving the trade today. WWD reports second-quarter gains at Aritzia, calling the Vancouver-based chain one of the industry's fastest-growing brands on product that is resonating with shoppers. Luxury Daily reports Frasers Group is bringing more than one hundred luxury stores, including Flannels, Harvey Nichols and The Webster, together under a new division, introduced during Paris Fashion Week. And finally, Asos has confirmed that the hackers who gained unauthorised access to its app on Tuesday did so by impersonating a trusted contact inside the business to obtain login credentials, per Drapers.