Artistic director collects award during Fashion Week while rumour mill suggests Gucci, Burberry or Margiela move

Friday afternoon in Paris was a big one for the British designer Kim Jones. Not only did the artistic director present his latest menswear collection for Dior, but he collected the prestigious Chevalier de la Légion d’Honneur, a rarity for someone from outside France. In a fashion moment par excellence, he was presented with the award by Anna Wintour, becoming a knight in the process.

Jones has now been at Dior for six years, designing the brand’s menswear. Over that time, he has explored the brand’s rich archive and also his own historical interests, including TS Eliot’s The Waste Land and Vanessa Bell’s house, Charleston. This show was no different. It took Christian Dior’s mid-50s Ligne H collection as its jump off but made Casanova – the 18th-century Italian author known for his multiple relationships with women – its muse.

British luxury brand’s shares rise by as much as 15% as sales of scarves and trenchcoats help it beat forecasts

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Burberry has recorded a 4% drop in sales over the Christmas quarter, but expects to recover from losses made in the first half of its financial year after a strong performance in the US.

The British luxury brand’s shares rose by as much as 15% on Friday after a rise in sales of scarves and trenchcoats over the Christmas period helped produce a better performance than the 12% drop in sales analysts had expected.