Fashion Industry Events - The 2025 China International Fashion Week (Autumn) was held from September 5 to 14, featuring nearly 230 brands and over 400 designers, with more than 140 shows, setting a historical record [2] - The 2026 Spring/Summer Beijing Fashion Week took place from September 10 to 17, celebrating its 10th anniversary with over 300 brands and 150 designers, presenting more than 150 fashion events, marking the largest scale ever [2] Legal and Regulatory Developments - A U.S. court dismissed a lawsuit against Hermès regarding its allocation mechanism for Birkin bags, stating that the practice of requiring customers to purchase other products does not constitute antitrust violations [3] Market Performance - Swiss watch exports fell by 16.5% year-on-year in August, totaling 1.64 billion Swiss francs, with significant declines in exports to major markets including a 35.6% drop to mainland China [7] - For the first eight months of the year, Swiss watch exports decreased by 1% to 17 billion Swiss francs [7] Corporate Changes and Appointments - Kering appointed Francesca Bellettini as the new CEO of Gucci, reporting directly to the group CEO Luca de Meo [6] - Dior is restructuring its team, hiring Michela Kalb as the director for various product lines, effective October 1 [8] Mergers and Acquisitions - LVMH completed a minority investment in Moncler, holding just over 4% indirectly through a stake in Double R Srl, which has increased its share in Moncler to 18.2% [9] - VF Corporation sold its Dickies brand for $600 million to Bluestar Alliance, as Dickies reported a 12.3% decline in sales year-on-year [12] Collaborations and Partnerships - Uniqlo announced a long-term collaboration with artist KAWS, who will serve as the first resident artist, starting with the 2025 Fall collection [13]