From Charles to Derby, Day for Fancy Hats to Rule

Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
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From Charles to Derby, Day for Fancy Hats to Rule

Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)

If ever there was a banner day for hats — wild and colorful hats — it was Saturday, the dual spectacle of King Charles III's coronation and the celebration that IS the Kentucky Derby.

Katy Perry donned a wide lilac hat to go with her matching bespoke jacket and skirt by Vivienne Westwood, her chin up as she peered under its flat, tilted brim while she searched for her seat at Westminster Abbey (yes, there were memes), The Associated Press said.

And there was Princess Anne, the king's sister, in a two-pointed military topper with tall red feathers that blocked Prince Harry's view from the third row (more memes ensued). Sorry, Harry, she was chosen as Gold Stick in Waiting and holds a variety of military titles.

It's tradition, of course, to wear hats to coronations and other formal royal affairs, but the thousands who gathered on the streets to celebrate went all out with head gear, from fake golden crowns to novelty deeley bobbers (those springy headband things) and hats of all kinds with motifs featuring the British flag.

Speaking of hats of all kinds, the Kentucky Derby is arguably the world’s most famous horse race. It’s also a chance for racegoers to strut their fashion stuff.

Seersucker suits, floral dresses and bright colors abound, but racegoers famously elevate their style to another level with their grand collections of hats and fascinators.

Men tend to favor fedoras or bowlers, while women sport designs featuring feathers and flowers in every shape, color and size. Bigger is often better when it comes to Derby hats.

The event has appointed an official milliner, or hatmaker, every year since 2018. But in a sign of their growing importance at the Kentucky Derby, it named three milliners for the 2023 event: Christine Moore, Jenny Pfanenstiel and The Hat Girls.

The tradition of wearing hats to the Derby began with its first running in 1875.



Italy’s Benetton Group Trims Losses in 2024 amid Restructuring Plan

 A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
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Italy’s Benetton Group Trims Losses in 2024 amid Restructuring Plan

 A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)

Italian fashion retailer Benetton more than halved its net loss to 100 million euros ($113 million) last year, its results showed on Friday, as the group reorganized its activities to relaunch the brand.

Revenues at the clothing group, which is controlled by the Benetton family's holding Edizione, dropped to 917 million euros from just over a billion in 2023.

The group, which has struggled to withstand growing competition from fast-fashion giants, has run up a long string of annual losses.

Its restructuring plan, which started last year under new Chief Executive Claudio Sforza, focuses on cost reduction and the rationalization of its distribution and sales network, with a strengthening of e-commerce.

The company is also focusing on expanding the percentage of its goods provided by external suppliers.

Financial debt declined to 411 million euros at the end of last year from 460 million euros the year before.