The additional items are a way to woo new consumers to subscribe to the monthly service even as inflation bites. “The customer is more cost-conscious than she’s ever been before,” Rent the Runway chief executive officer Jennifer Hyman said.

Italy’s Trussardi has sought protection from creditors as it embarks on a fresh effort to turn around the embattled fashion brand, two sources close to the matter said on Monday.

Santo Domingo’s debut collection will be released in April, timed to coincide with the reopening of the jewellery house’s newly renovated Fifth Avenue flagship.

Rinderknech joined the luxury goods conglomerate from L’Oréal USA, where he was president and chief executive officer, in May 2022 as chairman and CEO of LVMH Hospitality Excellence. He will continue to oversee the company’s hospitality division in addition to his new beauty responsibilities.