London Fashion Week Show at British Museum Irks Greece

Designer Erdem Moralioglu chose the impressive setting of the Athens Parthenon sculptures showroom at the British Museum. HENRY NICHOLLS / AFP
Designer Erdem Moralioglu chose the impressive setting of the Athens Parthenon sculptures showroom at the British Museum. HENRY NICHOLLS / AFP
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London Fashion Week Show at British Museum Irks Greece

Designer Erdem Moralioglu chose the impressive setting of the Athens Parthenon sculptures showroom at the British Museum. HENRY NICHOLLS / AFP
Designer Erdem Moralioglu chose the impressive setting of the Athens Parthenon sculptures showroom at the British Museum. HENRY NICHOLLS / AFP

The Greek Minister of Culture, Lina Mendoni, expressed her anger late on Saturday after a London Fashion week show took place in front of the Parthenon Marbles at the British Museum.
Designer Erdem Moralioglu chose the impressive setting of the Athens Parthenon sculptures showroom at the British Museum to present the autumn winter 2024 collection of his eponymous brand Erdem, inspired by Greek singer Maria Callas and her interpretation of the opera Medea in 1953, AFP said.
"By organizing a fashion show in the halls where the Parthenon Sculptures are exhibited, the British Museum, once again, proves its zero respect for the masterpieces of Pheidias," Mendoni said in a statement.
"The directors of the British Museum trivialize and insult not only the monument but also the universal values that it transmits. The conditions of display and storage of the sculptures, at the Duveen Gallery, are constantly deteriorating. It is time for the stolen and abused sculptural masterpieces to shine in the Attic light," she added.
The sculptures were taken from the Parthenon temple at the Acropolis in Greece in the early 19th century by British diplomat Thomas Bruce, the earl of Elgin.
Athens maintains the marbles, which are a major draw for visitors at London's British Museum, were stolen, while the UK claims they were obtained legally.
The 1963 British Museum Act prohibits the removal of objects from the institution's collection.
But officials at the museum, which is under pressure to repatriate other foreign antiquities, have not ruled out a possible loan deal.
Late November, a diplomatic spat raised eyebrows when Greek Prime Minister Kyriakos Mitsotakis expressed his "displeasure" over UK counterpart Rishi Sunak's last minute cancellation of a bilateral meeting set to discuss their long-running dispute over the Parthenon Marbles.
At issue for London was the Greek leader's comments in a BBC interview a day before the meeting about ownership of the 2,500-year-old marbles.
Sunak was allegedly angry about Mitsotakis's comments that having some of the marbles in London and others in Athens was like cutting the Mona Lisa in half.



Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
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Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group struggles to revive its key label Gucci and worries grow about a prolonged downturn in high-end spending.

Sales at the French luxury group which owns labels Gucci, Boucheron and Balenciaga, fell to 4.5 billion euros ($4.9 billion), an 11% drop on an organic basis, which strips out currency effects and acquisitions.

The figure was below analyst expectations for a 9% drop, according to a Visible Alpha consensus.

It also said second-half operating income could fall by around 30%, following a 42% drop in the first half.

Sales at Gucci fell 19%, showing no improvement from the first quarter, and below analyst expectations for a 16% decline, according to a Visible Alpha consensus.

Kering has been revamping Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit.

Minimalist designs from new creative director Sabato de Sarno, which began trickling into stores earlier this year, are key to the design reset and push upmarket, in a bid to cater to wealthier clients who are more immune to economic headwinds.

Kering chief financial officer Armelle Poulou told reporters that the designs had been well received and the rollout was on track.

But the efforts have been complicated by a downturn in the global luxury market, while China's rebound - traditionally Gucci's most coveted market - was clouded by a property crisis and high youth unemployment as Western markets came down from a post-pandemic splurge.

Earnings from sector bellwether LVMH on Tuesday missed expectations as sales rose 1%, offering few signs that a pickup is around the corner, sending shares in luxury goods companies down on Wednesday. Kering traded at its lowest level since 2017.