Pharrell Williams Takes over Paris for Fashion Debut

Pharrell takes over as menswear director for the biggest brand in luxury fashion. Robyn BECK / AFP
Pharrell takes over as menswear director for the biggest brand in luxury fashion. Robyn BECK / AFP
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Pharrell Williams Takes over Paris for Fashion Debut

Pharrell takes over as menswear director for the biggest brand in luxury fashion. Robyn BECK / AFP
Pharrell takes over as menswear director for the biggest brand in luxury fashion. Robyn BECK / AFP

Some of the most historic parts of Paris are being cordoned off on Tuesday for the first catwalk show by US superstar Pharrell Williams in his new role as artistic director for Louis Vuitton.

The singer-producer is adding to his repertoire as he takes over menswear collections for the world's most lucrative brand, which made more than 20 billion euros ($22 billion) in revenue last year, AFP said.

His debut is the hottest ticket of the season, due late at night on the oldest standing bridge in the French capital, the Pont Neuf, with guests set to view the catwalk from boats on the Seine.

A whole stretch of the riverbank is being cordoned off -- from the bridge up to the Concorde plaza -- from the early afternoon, a police source told AFP.

Guests received their elaborate invitations on Monday -- a sort of mini-stained glass window featuring a sunset over the bridge that suggests yellow will be a dominant color, in keeping with the singer's "Happy" vibes.

He told the New York Times this week that the theme is "lovers".

"I was appointed to rule in this position," he told the newspaper. "But a ruler of this position for me is a perpetual student. It's what I intend to be."

'Sells culture'

"We can expect a commercial hit -- it's not just one of the most highly anticipated collections of fashion week but a very significant moment in fashion history," said Alexandre Samson, of Paris fashion museum Palais Galliera.

Many labels have moved away from the big-name designers of the past like Jean-Paul Gaultier and Karl Lagerfeld, preferring more discreet professionals.

But Louis Vuitton is going the other way, putting a full-blown celebrity in charge.

It follows its last show in January when a performance by Spanish pop superstar Rosalia was almost more of a focus than the clothes on the runway.

It is "consistent with LVMH CEO Bernard Arnault's idea that Louis Vuitton does not sell handbags but sells culture", said bank HSBC in a briefing note.

"The nomination is obviously not just relevant for menswear... but targeted for a greater halo effect that could resonate to all core lines of the brand."

The 50-year-old Williams nonetheless faces a major challenge filling the shoes of Virgil Abloh, the former Kanye West sidekick who breathed new streetwear-infused life into Louis Vuitton prior to his tragically early death from cancer in 2021.

But he has long been a red carpet sensation, known for daring outfits that go far beyond the usual hip-hop stylings, and a string of collaborations with Chanel, Moncler and Tiffany -- as well as Louis Vuitton.

"Pharrell has always been ahead of clothing trends, in terms of music as well... it will be interesting to see how he uses his flair for innovative artistic projects," said Pierre Alexandre M'Pele, editor of GQ France.



Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
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Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)

The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers.

Fast Retailing's operating profit in the 12 months through August likely rose 24% from a year earlier to 478.3 billion yen, based on the average of 15 analyst estimates compiled by LSEG ahead of the company's earnings on Thursday.

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half.

Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick.

"Investor attention will turn to whether Fast Retailing's measures in Greater China successfully reverse the earnings decline caused by weak consumer sentiment and increased competition," Chadwick wrote on the Smartkarma platform.

With more than 900 stores in China, Fast Retailing has long been seen as a bellwether for the retail sector in the world's second-biggest economy. COVID restrictions weighed on results there for years, but now the challenge is a sluggish economy that has weighed on consumer confidence.

Greater China CEO Pan Ning acknowledged in July that the market is maturing, with the company scaling back store openings and adopting a scrap and build strategy for underperforming locations.

When COVID lockdowns depressed sales in China, the company focused more on expansions in North America and Europe. Both sectors delivered strong sales and profits through the first nine months of fiscal 2024.

Company founder Tadashi Yanai aims to make Fast Retailing the world's biggest fashion retailer, with the operators of Zara and H&M standing in the way. He believes consumers are more focused on value than luxury in a post-COVID world, a trend that works in Uniqlo's favor.

Yanai, Japan's richest man, is scheduled to speak at the company's earnings briefing on Thursday, as well as Uniqlo president Daisuke Tsukagoshi, whom Yanai has spoken of as a possible successor.

Fast Retailing's shares have climbed 43% so far in 2024, outperforming a 16% advance in the benchmark Nikkei index.