This year the world's leading luxury group's flagship design award goes to Ellen Hodakova Larsson. The Karl Lagerfeld Prize goes to Duran Lantink.

Despite being two days ahead of the official New York Fashion Week calendar, the design duo and more started the week with a show and experiential events.

Bernard Arnault, France's wealthiest man and chief executive of luxury group LVMH, paid some 150 million euros ($163 million) to be the premium sponsor of the Paris Olympics'.

Giorgio Armani will stage his next One Night Only fashion and entertainment spectacular in New York in October, timed to celebrate the opening of a new space on Madison Avenue.

Puig, Catalan’s newly quoted luxury behemoth, unveiled its latest project and trophy Tuesday, the debut Women’s America’s Cup, due to take place in its hometown of Barcelona this fall.