Paris Fashion Week: Nicole Kidman, Dua Lipa and Rihanna light up the front row

[gentle music] Matthieu Blazy clearly hitting his stride there as artistic director at Chanel.

Nevertheless, there is talk of a slump in the luxury sector.

Uh, Kering and LVMH group both lost 20% of their value.

Was that sort of uncer- certainty something we felt in the collections?

So that uncertainty, as you say, was present in a couple of different ways.

So the context is that after a few years of the great price hike, luxury houses have realized that they're losing out on a client, and so they're trying to get that client back.

And you can also see that through them taking big bets on new designers and pushing others out.

Mm, indeed.

We have seen quite a lot of musical chairs at some of the big houses recently, creative directors arriving and leaving.

Who's in, who's out this season?

All right, so, and these are just rumors.

These are unsubstantiated, right, Olivia?

Okay.

Um, so we have apparently Anthony Vaccarello, who's slated to leave, uh, Yves Saint Laurent, and he showed gold.

[laughs]

A lot of gold.

Right.

Uh, and some black at the very end for, uh, the evening wear portion.

Um, he, for it to be a swan song, he really showed that he knew the codes.

You have the safari jackets.

You have the leopard print.

You have the peasant dresses.

Gold was Yves Saint Laurent's favorite color.

However, for me, I don't know about you, when I see this much gold leaf, all I can think of is Donald Trump redecorating the Oval Office or the Kremlin.

For me, it's very strong man statesman.