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These are the stories making headlines in fashion on Friday.

On collaborates with FKA Twigs

FKA Twigs has teamed up with sportswear brand On to co-design a capsule collection. The lineup consists of dance-inspired designs, including arm sleeves, tights, sports bras and skorts. A campaign lensed by Jordan Hemingway accompanies the collection. On x FKW Twigs will be available to shop starting June 26 at on.com. {Fashionista inbox}

Bernard Arnault grapples with LVMH’s downturn

LVMH’s Bernard Arnault is facing the company’s worst financial decline since he became CEO in 1989, Bloomberg reported. This is due to several factors, such as the threat of tariff hikes, China’s slowing luxury spending and losing consumer ground to cost-sensitive competitors. Investors also question Arnault’s succession plan and are uneasy that the longtime executive shows no signs of taking a step back, despite involving his children in the business. {Bloomberg/paywalled}

The luxury market faces its first slowdown in 15 years

Luxury spending is seeing its first global decline in 15 years, per a report by Bain and Altagamma. According to the study, the market faced a 1% decrease in 2024, with the possibility of a further dip in 2025. Geopolitical wars, tarrifs and consumers reluctant to spend have all contributed to the slowdown. That said, investors and executives are optimistic the industry will regain its traction. The report advises brands to refocus on creating lasting, high-quality products, fostering consumer relationships and delivering customer-centric experiences. {WWD/paywalled}

More social platforms are partnering with retail players

Digital platforms like Pinterest and Reddit are joining forces with retail media networks to expand their advertising reach. These partnerships allow social platforms to engage with users through commerce, while retail advertisers benefit by reaching new demographics across multiple channels and expanding their digital footprint. {Modern Retail/paywalled}

The New York Times profiles Sara Ziff

In an interview with The New York Times‘ Yola Mzizi, longtime model Sara Ziff discussed why she’s advocating to protect models’ rights and redefine industry standards. Her nonprofit, Model Alliance, largely backed the newly implemented Fashion Workers Act, which is legislation that will grant models basic workplace rights, including meal breaks, overtime pay, protection against harassment and discrimination and regulations on how modeling agencies deal with their clients. “I know we’re not coal miners, but we’re workers, and we deserve to have basic rights and protections on the job,” Ziff said. {The New York Times/paywalled}

Why Carrie Bradshaw’s fashion is losing its edge

In “Sex and the City”‘s reboot, “And Just Like That…”, The Washington Post‘s Rachel Tashjian argued that Carrie Bradshaw is failing to find her fashion footing. Where Bradshaw used to be praised for her eclectic, trendsetting tendencies, she now seems to be chasing after her style. “Many of Carrie’s looks are less ridiculous than they are simply boring and a little weird, like the sale rack at Anthropologie in late July. […] It is the wardrobe of a woman with too much money and not enough to think about,” Tashjian wrote. {The Washington Post/paywalled}

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