Virgil Abloh, was the artistic director for Louis Vuitton's menswear, has passed away after battling cancer for years.
Investors focused on the positives despite growing US-China tensions stalling recovery for equities in May, amid signs that many European economies are coming back to life.
LVMH, the world's biggest luxury retailer, says that its net profit jumped by 13 per cent from 2018 to $7.89 billion (7.17 billion euros) .
The new luxury house will be called Fenty after Robyn Rihanna Fenty, the full name of the Barbados-born superstar, who already has her own highly successful Fenty sportswear and Savage lingerie labels.
France's President Emmanuel Macron vowed to rebuild the Gothic monument within five years as pledges from French billionaires, businesses and the public sector to help reach some $790 million.
Hubert de Givenchy, who designed dresses for stars and politicians, including actress Audrey Hepburn and former US first lady Jacqueline Kennedy, is reported to have died in his sleep on Saturday.
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