Phoebe Philo. Getty Images/AFP

OK, I know that’s a bit of a misleading headline: LVMH LOVES a show. But between the extreme foot-dragging about signing a new creative force at Dior (which, technically, actually owns Paris-based LVMH, as opposed to the other way around, but for efficiency’s sake let’s acknowledge that those initials have come to stand for both), and today’s news that Celine, one of the group’s hottest brands, is not having a runway show during the upcoming ready-to-wear season because their designer, Phoebe Philo, will be eight months pregnant with her third child, it’s hard not to think that perhaps the luxury world’s biggest group may be itself rethinking the whole runway circus, and the cost/benefits involved. Read more