Thom Browne Closes Out NY Fashion Week with a Black-And-White Flourish and a Nod to Edgar Allan Poe 

Models walk the runway during the Thom Browne Fall 2024 fashion show at New York Fashion Week, February 14, 2024 in New York City. (AFP)
Models walk the runway during the Thom Browne Fall 2024 fashion show at New York Fashion Week, February 14, 2024 in New York City. (AFP)
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Thom Browne Closes Out NY Fashion Week with a Black-And-White Flourish and a Nod to Edgar Allan Poe 

Models walk the runway during the Thom Browne Fall 2024 fashion show at New York Fashion Week, February 14, 2024 in New York City. (AFP)
Models walk the runway during the Thom Browne Fall 2024 fashion show at New York Fashion Week, February 14, 2024 in New York City. (AFP)

Thom Browne, ever the master showman of American fashion, closed out New York Fashion Week on a blustery day with his own wintry landscape, blanketing the floor with fake snow and presenting his latest inventive designs to the words of Edgar Allan Poe’s chilling “The Raven.”

With celebrities like Janet Jackson and Queen Latifah in the front row Wednesday evening at a theater space on the far west side of Manhattan, Browne did what he does best, displaying feats of intricate tailoring and taking his time to weave a tale. His soundtrack narrator was Carrie Coon, star of “The Gilded Age,” who recited Poe’s bleak story of a lover mourning his lost love, Lenore, when he is visited by the black, thick-necked bird who constantly repeats, “Nevermore! Nevermore!”

Nobody in fashion is a better storyteller than Browne, now chairman of the Council of Fashion Designers of America, who over the years has placed his shows in mock cathedrals, magical gardens, even on faraway planets. As always, Browne’s models did not strut a runway but instead were players in his fantasy, walking deliberately and serenely around a wintry wasteland filled with snow and bare trees.

As the audience filed in, one of those “trees,” a man on stilts in a huge puffer coat, or gown, stood silently. Once the drama began, four young children emerged from that coat — as if he were a darker version of Mother Ginger from “The Nutcracker” — eventually sitting in the snow as the poem began.

“While I nodded, nearly napping, suddenly there came a tapping,” Poe’s words went, “as of some one gently rapping, rapping at my chamber door.” The procession began. Of nearly 50 looks, everything was in black-and-white — typical of Browne’s color discipline — with a little gold at the end.

The Poe theme was everpresent. In the first look, an imposing black headpiece made it seem like a raven was perched on the model’s head. In the second, black birds emblazoned a white coat that itself covered a black jacket and skirt.

It was a hugely inventive array of coats and jackets and skirts and trousers — and sometimes no trousers at all. There were solids and checks and prints. Some ensembles were fully formed and others had a deconstructed feel that is a longtime design theme of Browne’s. Each ensemble was a work of layered and intricate tailoring, the hallmark of a designer who recently was invited to show haute couture in Paris.

Some silhouettes were long and sleek, others boxy or cinched tightly at the waist. Bags included a number of variations of the Hector — a dog-shaped bag in honor of Browne’s pet of the same name. The bags were covered, said the label, by a removable layer of waterproof vinyl, also used on the shoes.

For whimsy, the word “Nevermore” from the poem was emblazoned on the backs of a few jackets. And there was a rare hint of skin for the label — a sheer black blouse covered with roses and a sheer skirt. As for the hair, it was hair-raising — literally. Many models wore two braids that defied gravity, reaching upward toward the sky.

“The Raven” hardly ends on a cheery note. Indeed, Coon ended it with frightening screams of “Nevermore!” But for Browne and his audience it was Valentine’s Day. And so, as he’s done before, Browne turned his post-show bow into a romantic gesture, carrying a huge red heart-shaped box, presumably of chocolates.

The crowd seemed to launch into a collective “Aww.” Then, as people prepared to file out into the freezing night, many first stopped to tromp on the fake snow and greet the tall human tree — who obliged by shaking his branches.



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.