Louis Vuitton Braves Rain on Its Italian Island Paradise

Bad weather was likely not top of mind when the storied luxury label chose Isola Bella as the venue for its Cruise 2024 collection. GABRIEL BOUYS / AFP
Bad weather was likely not top of mind when the storied luxury label chose Isola Bella as the venue for its Cruise 2024 collection. GABRIEL BOUYS / AFP
TT

Louis Vuitton Braves Rain on Its Italian Island Paradise

Bad weather was likely not top of mind when the storied luxury label chose Isola Bella as the venue for its Cruise 2024 collection. GABRIEL BOUYS / AFP
Bad weather was likely not top of mind when the storied luxury label chose Isola Bella as the venue for its Cruise 2024 collection. GABRIEL BOUYS / AFP

Louis Vuitton valiantly battled pounding rain on an Italian island paradise while presenting its cruise collection Wednesday night, the weather sending celebrity guests underneath umbrellas and dampening a hairdo or two.

But when you're the flagship brand within the powerhouse LVMH portfolio, with a guest list that includes Catherine Deneuve, Cate Blanchett and Emma Stone, what's a little rain?

Bad weather was likely not top of mind when the storied luxury label led by Nicolas Ghesquiere chose the tiny Isola Bella, a jewel of an island in the azure waters of Lake Maggiore, as an appropriately jaw-dropping venue for its Cruise 2024 collection, AFP said.

But the rain arrived nonetheless, forcing the show originally planned for the island's formal terraced gardens to take place within the baroque Palazzo Borromeo, still owned by the family of the same name whose noble ancestry dates to the 13th century.

"It's the one thing Nicolas can't control, is the weather," the editor-in-chief of Vogue Thailand, Ford Laosuksri, told AFP after the show, as guests lingered to sip bubbly while hoping (in vain) for the rain to stop.

Laosuksri was wearing a crocheted floral top and sandals -- an endearing if not foolhardy gesture amid the steady rain.

"I didn't want to ruin my velvet shoes," he confided.

Ghesquiere, Louis Vuitton's artistic director since 2013, sent models through the ornate, high-ceilinged rooms of the 17th-century palazzo in eclectic, futuristic creations for which he is celebrated.

Some looks recalled scuba gear adorned with avant garde ruffling, while others felt like fencers' uniforms, protective with thick quilting over the chest.

Fabric was cinched tight like an accordion at the bodice of a sleeveless dress with color blocks in royal blue and yellow gold, imparting texture and movement, while a shiny black dress came with a drawstring neckline that called to mind a popular handbag by the brand.

Sweaters became more airy with a translucent stripe at the midriff, while three chiffon gowns cut on the bias -- in dusty pink, sea green and baby blue -- sported exaggerated puffy sleeves worthy of the Edwardian age.

"It was beautiful, it was flowy but still powerful," said Philippine actress Heart Evangelista.

From fishing to fashion

Louis Vuitton's event was the first-ever fashion show allowed on Isola Bella, a former fishing village transformed by the Borromeos into a sumptuous paradise fit for royalty.

Kings, queens and emperors have been guests at Palazzo Borromeo over the years, including Queen Victoria, Napoleon and Josephine, and even Prince Charles and Princess Diana in 1985.

On Wednesday celebrities and influencers from around the world -- including US actress Jennifer Connelly and Felix from K-Pop's Stray Kids -- descended on the island.

Trying not to slip, guests took cover under the transparent umbrellas provided by the brand before escaping into the palazzo.

Following the show, some guests stood on benches and posed for pictures under the watchful gaze of centuries of Borromeo elders whose portraits line the walls.

Cruise collections are designed to offer warm-weather wardrobes for jet-setters lucky enough to escape to sunny locales during the drab winter months. In recent years, they have become destination events, with brands choosing more and more exotic spots to backdrop their luxury looks.

Louis Vuitton's show comes on the heels of Dior's, which showed a Frida Kahlo-inspired cruise collection in Mexico City Saturday, and Chanel's earlier this month at Hollywood's Paramount Studios.



Sources: Shein Weighs Sale of Less Than 10% of Company in London IPO

A mannequin with a Shein sign stands in an office of a lingerie maker at WeMet Industrial Park, in Guanyun county of Lianyungang, Jiangsu province, China November 25, 2024. REUTERS/Florence Lo
A mannequin with a Shein sign stands in an office of a lingerie maker at WeMet Industrial Park, in Guanyun county of Lianyungang, Jiangsu province, China November 25, 2024. REUTERS/Florence Lo
TT

Sources: Shein Weighs Sale of Less Than 10% of Company in London IPO

A mannequin with a Shein sign stands in an office of a lingerie maker at WeMet Industrial Park, in Guanyun county of Lianyungang, Jiangsu province, China November 25, 2024. REUTERS/Florence Lo
A mannequin with a Shein sign stands in an office of a lingerie maker at WeMet Industrial Park, in Guanyun county of Lianyungang, Jiangsu province, China November 25, 2024. REUTERS/Florence Lo

Fast fashion retailer Shein is considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public in its planned London flotation, two people with knowledge of the matter said.
The company is exploring this option to facilitate its IPO, one of the people said, according to Reuters.
If granted, it would likely be the first time that a company in London has been allowed to list below the recent 10% rule.
Singapore-headquartered Shein, which sells $5 tops and $10 dresses mostly made in China, in June filed confidentially with the Financial Conduct Authority (FCA) for a London listing.
However, Britain's financial regulator is taking longer than usual to approve its application, Reuters reported last week.
The people declined to be identified as they were not authorized to speak to the media.
Shein declined to comment.
Shein was valued at $66 billion in a fundraising round last year. A 10% flotation at that valuation would make the IPO worth $6.6 billion. The biggest European IPO this year was perfume and fashion company Puig's $2.9 billion deal, according to Dealogic.
The current valuation of Shein and how much it is looking to raise via the London listing was not immediately known.
London changed its listing rules in 2021 to boost the attractiveness of the venue for companies. It cut the proportion of shares an issuer is required to float to 10% from 25%, reducing potential barriers for large IPOs, the FCA said at the time.
In July, Britain ushered in the biggest reform of company listing rules in more than three decades to help it compete more effectively with New York and the European Union for new issuers.
Shein began to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. The China-founded company's original plan to list in New York was derailed after opposition from US lawmakers.
Shein is also waiting for China's securities regulator to approve its plans for a London IPO, Reuters previously reported. Its revenues are expected to hit $50 billion this year, up 55% from 2023, according to Coresight Research.