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Hi, and welcome back to Line Sheet. I’m really happy for everyone who cares about the
Knicks, including my 13-year-old self, who also really cared about the Knicks. All the Madison Square Garden pageantry of this year’s playoff run—DMX, Wu-Tang, the front row placement of Jerry Seinfeld, Larry David, and Spike Lee—is remarkably ’90s-coded, like so much in the culture right now, and a throwback to the last time the Knicks were this good. It’s just too bad we’ve traded forever-cool Sinead O’Connor and
Madonna and J.F.K. Jr. for the truly annoying Taylor Swift and the Haim sisters and Timmy this time around. (As one reader noted, “A.I. won’t screw up your life as much as having basic, boring idols.”)

In today’s issue, accessible only to Inner Circle members (just upgrade, you know you want
to), I check in with another winner: Loro Piana, whose continued success in a difficult market has been a bright spot within the LVMH portfolio. However, as the much-maligned Quiet Luxury movement continues fading out of consumer consciousness, can the brand maintain its momentum? I’ve got some intel on C.E.O. Frédéric Arnault’s plans. Plus, up top, the bid for Hugo Boss and an existential Boring Not Com question. Malique Morris
is also here with an update on J.Crew’s performance in the midst of its big summer marketing push.

Tomorrow on Fashion People, my guest is Bernstein analyst Luca Solca, back for our quarterly earnings debrief covering LVMH, Kering, Richemont, Chanel, and more. We have a lot of opinions! It’s a good episode that mixes news with exclusive info (including what Luca eats for breakfast). Listen
here and here.

Also mentioned in this issue: Aleksandra Woroniecka, Alexandre Arnault, Jos. A. Bank, Anouck Duranteau-Loeper, Bernard
Arnault, Brett Blundy, Damien Bertrand, Delphine Arnault, Franck Durand, Jasmine Tookes, Jonathan Anderson, Puglia, Josephine Skriver, Kristina O’Neill, Laura Brown, Libby Wadle, American Giant, Marco Zanini, Mario Sorrenti, Primary Colors, Martha Hunt,
Mike Ashley, Olympia Gayot, Taylor Hill, Terrence O’Connor, and more.

The industry’s go-to source for unflinching reporting on the trillion-dollar business of artificial intelligence -
perhaps the single most important technology of our time. Ian Krietzberg, the powerhouse journalist behind The Deep View, delivers twice-weekly insights into the latest dealmaking and breakthroughs in A.I., and how the intersecting worlds of finance, entertainment, media, and politics are being transformed in its wake.

Puck founding partner Matt Belloni takes you inside the business of Hollywood, using exclusive reporting and insight
to explain the backstories on everything from Marvel movies to the streaming wars.