What does it mean when the orange box finally outvalues the Monogram? This week, Interbrand ranked Hermès above Louis Vuitton for the first time, and it is not the only power shift on the board. Here is what moved in fashion and luxury over the past day, through Saturday morning, Oct 31, 2026. Every item is checked against its source and linked.
Money Talk
Hermès passes Louis Vuitton in brand value
Interbrand’s Best Global Brands 2026 puts Hermès at No. 15 with a brand value of 45.2 billion dollars, up 10.6%, one notch above Louis Vuitton at 45.1 billion, down 6.9%. Chanel rose 8.1% to 32.9 billion, while Gucci fell 24 places, Worthbury reports. Interbrand CEO Gonzalo Brujó: “For years, strong brands could assume their reputation would carry them through difficult periods. But that’s no longer enough.” Source: Worthbury
Michael Kors’ owner jumps on a raised forecast
Capri Holdings shares jumped Friday after the group raised its annual revenue and profit forecasts and said it expects sales to return to growth, Reuters reports via BoF. The company’s own release shows second-quarter adjusted earnings of 42 cents a share, Michael Kors revenue down 8.6% to 663 million dollars and Jimmy Choo up 11.5%. CEO John Idol said the company is “encouraged by the momentum building at both Michael Kors and Jimmy Choo.” Source: BoF / Reuters
Nanushka shrinks to 20 people
The once-buzzy Hungarian label has closed all of its stores and cut its headcount to just 20 employees, BoF reports, amid losses and debt. Source: BoF
Why it matters for LA: Brand value follows scarcity. The Hermès waitlist on Rodeo is the whole story, and a Michael Kors rebound means sharper markdowns are less likely at the Grove this holiday.
The Maisons
Gucci opens its Demna-era store in Paris
Gucci opened its new concept at 56 Avenue Montaigne, the first permanent version of the store set from Demna’s spring 2027 show, WWD reports. London, Shanghai and Chengdu follow by year-end. CEO Francesca Bellettini: “What matters most is that this store is designed to endure, as it embodies the brand’s DNA.” Source: WWD
RelatedWhat You Missed: Tuesday, Nov 3
Dries Van Noten gets a new president
Adrian Ward-Rees, chief business officer of Moncler Grenoble, becomes president of Dries Van Noten on Dec. 1, succeeding Axel Keller, Vogue reports. Puig CEO Jose Manuel Albesa says the brand plans to open “two to three” stores a year. Source: Vogue
Why it matters for LA: Rodeo Drive is on Gucci’s list of cities to watch once the global rollout starts. Dries opening two to three stores a year makes a West Coast door a fair bet.
LA Front Row: Halloween Edition
Janelle Monáe becomes Phish Boy
Janelle Monáe hosted her Wondaween party in Los Angeles with a “Creature Carnival” theme and debuted Phish Boy, an original human-fish character she created with longtime collaborator Sasha Glassier. “I love that space where something can be beautiful, strange, and a little unsettling all at once,” she told Vogue. Source: Vogue
Dua Lipa wears Blazy’s Chanel couture
Dua Lipa wore a tweed suit and feathered hat from Matthieu Blazy’s fall 2026 Chanel couture collection to the WSJ Magazine Innovator Awards at MoMA, styled by Lorenzo Posocco, with Bulgari earrings. Source: Vogue
Why it matters for LA: LA just set the costume bar for the weekend: original characters beat store-bought. And if your look needs one statement piece, make it a hat.
Drops & Collabs
GU x Engineered Garments, round three
GU’s third collection with New York’s Engineered Garments, “Daily Expedition,” dropped Oct. 30 with eight pieces, including work coats, a cable cardigan and the duo’s first accessory, a two-way tote. Prices run about 40 to 130 dollars at gu-global.com, OSF reports. Source: OSF
Why it matters for LA: The coldest LA night still only needs one good work coat. This is the cheapest designer-adjacent way to get it.
Status Cars ($300K+)
A Zagato Capricorn in all red
The all-red Capricorn 01 Zagato “Tutto Rosso,” No. 18 of 19, was unveiled to the public at the Pastejé auto show in Mexico, ItalPassion reports. Each car is hand-assembled in Germany and starts at 2.95 million euros before customization. Source: ItalPassion
Maserati’s GT2 Stradale lands in India
Maserati launched the road-legal GT2 Stradale in India at Rs 5.71 crore ex-showroom, ETV Bharat reports. Only 914 will be built worldwide, a nod to Maserati’s founding year, and the 3.0-liter twin-turbo V6 makes 631 bhp. Source: ETV Bharat
Why it matters for LA: Limited numbers are the point. When a run is 19 or 914 cars, the people who get one are already on a dealer’s call list in Beverly Hills.
Runway Magazine Watch
No new dated story today
Runway Magazine’s homepage now leads with its Summer 2026 edition, “The Ultimate Manifesto,” by Kate Granger, which carries no new publish date. The most recent dated story is still the Drawing Prada holiday review we covered Oct. 29. Source: Runway Magazine
Why it matters for LA: Quiet magazine weeks mean the brands are setting the agenda. We will flag the next new story the day it lands.
Halloween plans? Code Red: Halloween ft. Don Woezik. Get tickets on Posh
Go deeper
Four of today’s biggest stories, with full sourcing and what each one means for you in LA.
- Janelle Monáe’s ‘Phish Boy’ and Heidi Klum’s Countdown: Halloween’s Two Queens, Explained: Inside Janelle Monáe’s original ‘Phish Boy’ creature, the team behind it and Heidi Klum’s still-secret 2026 look.
- Hermès Just Passed Louis Vuitton in Brand Value. Here’s What That Means for Luxury: The Interbrand numbers behind Hermès’ first win over Louis Vuitton, plus who rose and who slid.
- Michael Kors’ Owner Is Betting on a Comeback. The Numbers Behind the Jump: Full-price sales, a growing Jimmy Choo and a lighter debt load: what Capri’s raised forecast really says.
- Inside Gucci’s New Paris Palazzo: The Store Meant to Reset the Brand: A four-floor palazzo with no price tags, and why Gucci built a store meant to outlast any designer.
Tips
Spotted a Halloween fashion party, a sellout or a new store on Rodeo or Melrose? Send it with a photo and a time stamp. We verify before we print. editor@nightlifereport.app
nightlifereport.app | Tips: editor@nightlifereport.app | 1049 Havenhurst Dr, Unit 67, West Hollywood, CA 90046
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