Paris Fashion Week has seen Dior, Versace, and Chanel among the top labels taking to the catwalk. But has it also been a week for the global fashion industry to face up to some new realities? Laura Frykberg reports.
From famous faces to fringe fads. All were flaunted at this year's Paris Fashion Week. Some luxury labels though, were strutting at a slower pace. Sales at Versace stalled earlier this year. So did profits at French fashion house Dior, and British brand Burberry. (SOUNDBITE) (English) SEVEN INVESTMENT MANAGEMENT, BEN KUMAR SAYING: "In the past year, eighteen months, some of the British brands have struggled in places like China and India, I think that's two-fold. One is that Chinese and Indian homegrown brands are becoming more competitive and higher quality. And as the British pound got a lot stronger last year. It got a little more expensive." Since the Brexit vote the pound has taken a plunge. It's hoped that means shoppers take advantage of bargains in Britain. Dior too is taking action. It's appointed a new head of creative to tidy up its seams. It's also a small win for equality, Maria Grazia Chiuri is the first woman to have the position in Dior's 70 year history.