Tennis Legend Serena Williams Honored as ‘Fashion Icon’ at Fashion Industry’s Big Awards Night 

Serena Williams attends the CFDA Fashion Awards at the American Museum of Natural History on Monday, Nov. 6, 2023, in New York. (AP)
Serena Williams attends the CFDA Fashion Awards at the American Museum of Natural History on Monday, Nov. 6, 2023, in New York. (AP)
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Tennis Legend Serena Williams Honored as ‘Fashion Icon’ at Fashion Industry’s Big Awards Night 

Serena Williams attends the CFDA Fashion Awards at the American Museum of Natural History on Monday, Nov. 6, 2023, in New York. (AP)
Serena Williams attends the CFDA Fashion Awards at the American Museum of Natural History on Monday, Nov. 6, 2023, in New York. (AP)

Tennis legend Serena Williams told a glittery fashion industry audience how fashion became a favored mode of expression as she grew up in the public eye, with the tennis court serving as her runway.

“I knew when I was a little girl that I was different, so I explored fashion and style as a way to distinguish myself,” Williams said as she accepted the Fashion Icon award Monday night from the Council of Fashion Designers of America. “In many ways for me, the tennis courts became my runway, and the US Open was my own New York Fashion Week.”

Reimagining the traditional tennis outfit became a way, she said, to express “my individuality and my confidence and most importantly, my culture.”

Williams, who retired from tennis last year, is the first athlete to win the Fashion Icon award, and it was presented to her by Kim Kardashian, a CFDA honoree last year. Kardashian called Williams “fearless, heroic, authentic, iconic — the greatest of all time.”

The fashion industry’s equivalent of Oscar night was held at the American Museum of Natural History in Manhattan and hosted by Anne Hathaway. In top designer awards, Catherine Holstein of the label Khaite was named womenswear designer of the year, and Willy Chavarria won for menswear. The award for accessories went to Ashley Olsen and Mary-Kate Olsen of the label The Row.

Among other honors: Gwyneth Paltrow accepted the Innovation award for goop, her 15-year old lifestyle brand, presented by Demi Moore. Vanessa Hudgens presented a tribute from the CFDA board of directors to Vera Wang, for her impact on the bridal industry. Designer Maria Cornejo won a lifetime achievement award, presented by Laura Linney.

There was also a tribute to the 50th anniversary of hip-hop with a short film by director Hype Williams, introduced by Mary J. Blige and with music by Pharrell.

When Williams, now 42, retired from tennis, she said she needed to make the tough choice to focus on motherhood. She gave birth in August to a baby girl, almost exactly a year after her last match as a tennis star. Adira River Ohanian is the second child — and second daughter — for Williams and her husband, Reddit co-founder Alexis Ohanian. Their first, Olympia, was born in 2017.

In her speech, she spoke fondly about how she'd learned to express her creativity on the court. “I designed skirts out of denim and I wore purple tutus and bodysuits,” she said, “and put beads in my hair, and braids. It was really just a fun time for me.”

Williams studied fashion during her playing career, and in 2018, launched her “S by Serena” clothing line, which she said in her speech was intended “to inspire women to embrace their bodies and love who they are no matter their size, race or income.”

Among her many thank-yous, she saved her last for her mother, “for actually making those first tennis outfits when I was young.” Watching her sew, she said, “created this creativity in me that I still have to this day."

The CFDA awards are presented by Amazon Fashion. Other honors: Alina Cho received a media award, Domenico De Sole won the founder's award, Mara Hoffman won a sustainability award, and the international award went to Jonathan Anderson for JW Anderson and Loewe.



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.


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.


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.