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‘Hia Hub’ in 3rd Edition in Riyadh with more Diverse Program

The five-day event will take place in Riyadh’s JAX District
The five-day event will take place in Riyadh’s JAX District
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‘Hia Hub’ in 3rd Edition in Riyadh with more Diverse Program

The five-day event will take place in Riyadh’s JAX District
The five-day event will take place in Riyadh’s JAX District

Fashion lovers, makers and influencers are set to meet at ‘Hia Hub’, one of the largest and most sophisticated fashion forums in the region, between November 3 and 7. The 3rd edition of ‘Hia Hub’ in Riyadh is hosting brilliant figures from the worlds of fashion, art and design, as well as regional and international experts and brands.

The five-day event will take place in Riyadh’s JAX District. Curated in partnership with “Fashion Future”, the event includes a variety of discussions, seminars, masterclasses, workshops, interactive exhibitions and live performances.

Among the prestigious names partaking in the event are iconic model Kate Moss, Lebanese actresses Nadine Njeim and Stephanie Atalla, Co-Creative Directors from Oscar De La Renta, entrepreneur and brand consultant Nojoud Al Rumaihi, Maison Future Bedouin and more. They are set to take part in inspiring discussions and dialogues highlighting the latest trends in fashion, beauty, art and design.

Hia Hub, in partnership with Fashion Futures, the Saudi Fashion Commission’s annual event, have curated a dynamic program of insightful discussions, seminars, masterclasses, workshops, interactive exhibitions and live performances.

Over the course of 5 days, Hia Hub will explore the transformation taking place in the international fashion, beauty and creative industries with global icons and brands, such as YSL Beauty; Jimmy Choo; Hindash, celebrity makeup artist; Yoon Ahn, creative director for Ambush and Dior Homme Jewelry, and Global Women’s Curator for Nike; Karla Welch, celebrity stylist and creative director; Dexter Navy, filmmaker and photographer; Elizabeth von der Goltz, CEO of Browns and chief fashion and merchandising officer at FARFETCH; and Johan Lindeberg, founder of J. Lindeberg and JAY3LLE.

The program will also explore the trends driving the fast-growing local and regional fashion and design industries with the top entrepreneurs, designers and personalities, including Designer Andrea Wazen, Hia Magazine’s Fashion Director Jeff Aoun, CEO and Founder of Yataghan Jewelry Sarah Abudawood, and Actress Stephanie Atalla.

Mike Fairburn, managing director of SRMGx, said: “This year, we have an exciting and dynamic program that is bigger and bolder than previous years. Hia Hub will explore the latest trends and topics, connecting fans with our industry’s leaders who are redefining fashion and beauty. We are excited to introduce the new shopping hub, the Billboard Arabia live music stage, pop-up art installations, immersive luxury brand experiences, as well as a whole host of dining and lounge spaces. We have introduced a simplified range of ticket options, as Hia Hub is a conference for everyone. So, whether you’re interested in mastering the art of influence with leading digital entrepreneur and luxury consultant Nojoud Al Rumaihi, learning about the latest techniques and trends from Celebrity Makeup Artist Hindash, or looking to spend an evening with friends exploring our many experiences, Hia Hub will truly have something for everyone.”

Hia Hub is also focused on inspiring the next generation of fashion entrepreneurs and creatives by providing a platform to learn and interact with leading global fashion and design institutions. The conference will feature masterclasses and talks with Dr. Leyla Neri, head of the Master of Arts Programs at the French Institute of Fashion, Paris; Dr. Andrée-Anne Lemieux, head of IFM-

Kering Research and Chair on Sustainability at IFM & Kering; Adrien Roberts, international director of Education Accademia Costume & Moda, GFF Trustee, GFWi chairperson; Flavia Collatina, senior leather goods designer at ACM; Sonia Veroni, CEO Modateca Deanna and director CKD Master; and Ozlem Cakir, professional image and communication consultant.

Burak Çakmak, CEO of the Saudi Fashion Commission, said: “The Fashion Commission is proud to partner with Hia Hub on this year’s Fashion Futures event. Together we are bringing leading academics and experts from regional and global fashion institutions to foster insightful conversations on how the next generation of entrepreneurs and creative talents can chart a new path, owning their stories and fusing purpose with creativity. At Fashion Futures, our core mission is to educate, facilitate discussions, foster global exchange and create opportunities in our industry. Hia Hub is the perfect platform to do just that.”

“Hia Hub is an amazing opportunity to bring our industry together. Now in our 31st year, Hia Magazine has continually developed new ways to engage and interact with our audience. From regional and global fashion icons and visionaries to the top influencers and leading brands, Hia Hub is a chance to connect with industry leaders and exchange ideas on how to foster the industry’s growth for the better,” said editor-in-chief of Hia Magazine Mai Badr.

“Fashion has a profound influence on every aspect of our lives – art, lifestyle, culture, identity, personal expression, and history. This year, Hia Hub will explore these different and important areas, and showcase the power of fashion.”

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Fashion

Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
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Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters

The founding family of Italian fashion house Etro has sold the minority stake it still owned in the brand to a group of investors including Turkish group RAMS Global, the company said on Friday.

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner and "will continue to actively support the brand's long-term growth strategy," Etro added, according to Reuters.

The new investors comprise also Italian fashion group Swinger International and small private equity firm ⁠RSI.

In addition to buying the stake, they all subscribed to a capital increase that will lower L Catterton's holding in Etro to between 51% and 55% from around 65%.

When including both the acquisition and the capital increase, the deal is worth around 70 ⁠million euros ($82 million), two sources close to the matter said. Etro did not disclose financial details.

Chief Executive Fabrizio Cardinali will remain at the helm, while Faruk Bülbül, representing RAMS Global, will become chairman of the board.

L Catterton bought a 60% stake in the brand known for its paisley motif four years ago, and it slightly increased the holding over the years.

The company, founded by Gimmo Etro in 1968, has ⁠been struggling with its turnaround. Last year it posted a net loss of 23 million euros with net revenues declining to 245 million euros from 261 million euros, according to filings with the local chambers of commerce reviewed by Reuters.

Rothschild advised L Catterton and the Etro family on the deal.

Rothschild had been hired in 2024 to look for a new investor who could buy all or part of the Etro fashion group, sources had previously told Reuters.

Fashion

Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
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Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo

A Paris court on Friday rejected a government request to suspend Chinese fast-fashion platform Shein in France after authorities found illegal weapons and child-like sex dolls for sale on the fast-fashion giant’s website.

Shein welcomed the decision, saying it remains committed to strengthening its control processes in cooperation with French authorities.

“Our priority remains protecting French consumers and ensuring compliance with local laws and regulations," the company said in an emailed statement to The Associated Press.

The controversy dates to early November, when France’s consumer watchdog and Finance Ministry moved toward suspending Shein’s online marketplace after authorities said they had found childlike sex dolls and prohibited “Class A” weapons listed for sale, even as the company opened its first permanent store in Paris.

French authorities gave Shein hours to remove the items. The company responded by banning the products and largely shutting down third-party marketplace listings in France.

French officials have also asked the European Commission to examine how illegal products were able to appear on the platform under EU rules governing large online intermediaries.

Fashion

Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
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Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares rose nearly 8% in early trading on Thursday after reports Elliott Management has built a $1 billion stake in the athleisure wear maker and is working with former Ralph Lauren executive Jane Nielsen for a potential CEO role.

The Canada-based retailer said last week that Calvin McDonald will step down after nearly seven years as its top boss, sparking hopes for a leader who can reverse slowing growth and win back younger shoppers amid fierce competition from trendier players like Alo and Vuori. The stock has lost nearly half of its value this year, underscoring investor concerns over Lululemon's struggles. The company's shares were trading at $224 on Thursday.

"Elliott is famous for agitating for change. These positions aren't built overnight, so Lululemon's board probably saw this coming," said Brian Jacobsen, chief economic strategist, Annex Wealth Management.

The activist investor has been working closely for months with Nielsen, a retail veteran, a source told Reuters on Wednesday. Nielsen, who sits on the board of Cadbury parent Mondelez, has also served as finance chief at Tapestry-owned Coach.

"Lululemon is one of the most powerful brands in retail, defined by exceptional products, deeply engaged communities and significant global potential," Nielsen said in a statement to the Wall Street Journal. "I would welcome the chance to discuss this opportunity with the Lululemon board."

Elliott, Lululemon and Nielsen did not respond to Reuters requests for comment.

Analysts have said the company will need to upgrade its fabrics, use fresher designs and accelerate product launches that click with Gen Z to reclaim its "cool factor" and lure shoppers back.

With much of its sourcing tied to Asian factories facing higher import duties, Lululemon will also need to streamline its supply chain to blunt US tariff pressures and protect margins next year, analysts have said.

"Lululemon should implement fast fashions and introduce an assortment that will pull customers from Alo and Vuori - especially Gen Z customers.

Fast fashion requires a much better supply chain than is currently in use at Lululemon," said Brittain Ladd, a strategy and supply chain consultant at Florida-based Chang Robotics.

The brand's struggles have drawn sharp criticism from founder and largest individual shareholder Chip Wilson. He has also called for an urgent CEO search, led by new, independent directors with deep company knowledge to restore a product-first focus.

Wilson did not respond to a Reuters request for comment.

With a 4.3% ownership, Wilson's stake is valued at about $988 million, according to LSEG data, making Elliott one of the top shareholders in Lululemon, which is valued at nearly $25 billion.

Lululemon trades at a forward price-to-earnings ratio of 16.37, while Gap trades at 11.88 and American Eagle at 16.81, according to LSEG data.