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Show goes on for Ralph Lauren as fashion reels from Trump tariffs


With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of hands

Guests including the actors Anne Hathaway, Michelle Williams and Naomi Watts were greeted by waiters holding trays of champagne in the building’s former beaux-arts bank hall, complete with Corinthian columns and ornate ceilings. What better way to quell the chatter around fluctuating stocks and waning consumer confidence than with a star-studded front row and clothes such as glamorous evening gowns that looked as if they had been plucked straight from the wardrobes of those living the American dream? Elsewhere, LVMH’s stock dropped heavily amid disappointing first-quarter results, leading to the chief executive, Bernard Arnault, appearing to attempt to soothe investor fears by announcing the ex-Loewe star Jonathan Anderson as the new head of Dior’s menswear.

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