New Designers Make a Splash at Moschino, Tod’s and Blumarine during Milan Fashion Week

 Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
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New Designers Make a Splash at Moschino, Tod’s and Blumarine during Milan Fashion Week

 Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)

Designers are giving their first impressions at their new fashion houses during Milan Fashion Week.

In a game of musical chairs, Matteo Tamburini showed his first collection for Tod's on Friday just hours before his predecessor there, Walter Chiapponi, made his debut as creative director of Blumarine.

Adrian Appiolaza premiered his first collection for Moschino Thursday evening in a bittersweet moment just a month and a half after being named. His appointment followed the sudden death of David Renne just 10 days into his tenure.

Here are highlights from designer debuts during Milan Fashion Week of mostly womenswear previews for Fall-Winter 2024-25.

TAKING A STAND AT MOSCHINO Having just six weeks to pull together a collection forced Argentinian Appiolaza to be very decisive, creating a collection that he said "didn’t feel too overthought."

He plunged into the archives, taking inspiration from fashion house founder Franco Moschino’s sense of subversion, love of archetypes and trompe l’oeil playfulness.

Appiolaza’s vision invoked a dreaminess. Looks were as if being roused from sleep, and the garments were at times surreal — folded newspaper boat hats, turbans created from shirt sleeves, or a cowboy hat that was unfinished in the back, like a piece of stage scenery seen only from the front. A top was constructed out of men’s ties; a golden bowtie hung sideways as a necklace. Extravagant strands of pearls were worn under a sheer dress.

The feminine silhouette was defined by ruffles, bustles and slip dresses, complemented by men’s vests fitted with garters, oversized cloth shirts and masculine trousers.

"The idea was trying to convey Franco’s universe. It was not really about creating a ready-to-wear collection, but something that told a story," Appiolaza said backstage after the Thursday evening show.

While many brands made circumspect reference to global conflicts, responding mostly with comfort collections of cozy clothes, Appiolaza was more direct, with garments emblazoned with peace signs or the word PEACE written capitals. "I thought it was a good idea to bring peace as a universal message," the designer said.

Closing the show, a Black model wore a top of the Italian tricolor, green, white and red, which Appiolaza said was part of the collection’s message of inclusion. Some social media commentors read it also as a statement about the war in Gaza: the Palestinian flag is green, white, red and black, the black reflected in the closing look’s monochrome skirt and collar detailing on the tricolor top with a trailing tassel. The model carried a piece of bread.

TOD’S FOR THE TRAVELER Matteo Tamburini’s journey with Tod’s departed from a Milan tram depot, with the city’s distinctive vintage orange trams serving as a backdrop.

"We selected this location because it speaks to dynamism, which is closely linked to Tod’s aesthetic. The collection was thought for people who travel, who move in the world," Tamburini said backstage, citing the daytime workhorse Di Bag and the trademark driving moccasin as key starting points.

The mostly monochrome looks featured rich leather dresses, skirts and overcoats, made cozy with layered, twisting knitwear. Trenches were oversized; button-down cotton shirts were layered one over the other; trousers featured deep cuffs, while jacket shoulders were slightly enlarged. Bags were soft, molding into the body. Belts had oblong buckles resembling a vehicle grating. The driving shoe featured long tassels, for movement.

Tamburini said the collection reflects the duality of Milan, at once an expression of the bourgeois and Italy's industrial power.

Tod’s group recently announced an operation to delist the company. Speaking on the sidelines of the show, chairman Diego Della Valle told reporters there was no reason to sell the business after the operation is complete. "We have a family business with young people who want to do this job. What could be better?’’ he asked.

Front-row guests included Chinese actor Xiao Zhan, US actor Larsen Thompson and South Korean singer Jungwoo.

BLUMARINE’S NIGHTTIME PLUNGE Walter Chiopponi took Blumarine back to its romantic rebel days of the 1990s when the star vibes of Chloe Sevigny and Mila Jovovich aligned with the fashion house.

The creative director assembled an array of female codes for his debut collection: bows and lace, animal prints and florals, kitten knits and silk.

The Blumarine girl was wandering home after a night out, at times disheveled in an animal print coat, silken shorts and floral pumps with a tattered bow that looked well walked-in. Full of the emotion of the evening, she held it together in soft pastel knits and floret applique tops and dresses that epitomized femininity. A velour slip dress with lace gloves, and a black lace dress over animal print tights gave boudoir looks the final say.

"The clothes are made by the city," Chiopponi said.



Nike Shares Jump as Ackman’s Return Sparks Turnaround Hopes

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
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Nike Shares Jump as Ackman’s Return Sparks Turnaround Hopes

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)

Nike shares gained nearly 4% on Thursday as investors hoped the return of billionaire William Ackman as a stakeholder could spark a turnaround at the sportswear giant that has been battling with strategy missteps and tough competition.

Ackman's hedge fund Pershing Square Capital Management now owns roughly 3 million shares of Nike, amounting to a stake of about 0.19%, a filing showed on Wednesday. He has not revealed any plans for the investment yet.

"He's going to have the ear of the executives at Nike and be able to lend some influence on maybe how to get the ship righted, as it were, for Nike at this point in time to try and find their way back home," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which owned $25.79 million worth of Nike shares as of June.

The stock has lost nearly a third of its value this year and the company has forecast a drop in annual sales for fiscal 2025, leading some Wall Street analysts and investors to raise the possibility of a management shake-up including CEO John Donahoe.

When an activist investor comes in, the ultimate goal "will be replacing the person that sits in the corner office," said Art Hogan, chief market strategist at B Riley Wealth.

"And I say that because the template for that has been very clear this week in the form of Starbucks."

Starbucks poached Chipotle CEO Brian Niccol earlier this week, tapping the industry veteran behind the burrito chain's turnaround to revitalize growth at its coffee outlets.

Niccol joining Chipotle in 2018 was also the result of one of Ackman's pressure campaigns that have often led to CEO changes at companies including J.C. Penney and Air Products and Chemicals.

Ackman last invested in Nike in late 2017, around the time when the company was losing market share in North America to a reinvigorated Adidas.

He exited Nike a few months later in 2018, making roughly $100 million in profit by cashing out of the 0.71% stake - a rare passive investment for the billionaire investor.

Analysts and investors hinted on Thursday it might be early days for Ackman's second stint as an investor at Nike and he will need to build a larger stake to make an impact.

Nike's forward price-to-earnings ratio for the next 12 months, a common benchmark for valuing stocks, was 24.26, compared with Adidas' 36.75.