Paris Fashion Week: Valentino Puts on Opulent Study in Black, as McGirr Unveils McQueen Debut

 A model wears a creation as part of the Valentino Fall/Winter 2024-2025 ready-to-wear collection presented Sunday, March 3, 2024 in Paris. (AP)
A model wears a creation as part of the Valentino Fall/Winter 2024-2025 ready-to-wear collection presented Sunday, March 3, 2024 in Paris. (AP)
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Paris Fashion Week: Valentino Puts on Opulent Study in Black, as McGirr Unveils McQueen Debut

 A model wears a creation as part of the Valentino Fall/Winter 2024-2025 ready-to-wear collection presented Sunday, March 3, 2024 in Paris. (AP)
A model wears a creation as part of the Valentino Fall/Winter 2024-2025 ready-to-wear collection presented Sunday, March 3, 2024 in Paris. (AP)

The gilded salons of a grand 18th-century townhouse were the hallowed venue for Valentino’s latest fashion display on Sunday – an ode to black. This monochromatic collection gleamed and glistened under crystal chandeliers amid myriad textures and materials, inspired by great artists such as the French master of black, Pierre Soulages

Moons away, in the shadowy expanse of an icy-cold industrial warehouse crisscrossed by disused iron tracks and raw concrete surfaces, Alexander McQueen’s shivering guests huddled under blankets, buzzing with an air of electric anticipation. Because this wasn’t just another fashion show: it marked the first page of a new chapter for a house steeped in an iconoclastic history — and the debut of new creative director Sean McGirr.

Here are some highlights of fall-winter ready-to-wear collections:

VALENTINO’S NOIR Designer Pierpaolo Piccioli said he “approached black as a canvas, a starting point on which to build ... silhouettes that could move while looking for lights around, to soak them in and reflect them.”

The couturier was fascinated by the color’s contradictions — used for uniform and individuality, representing sobriety and exuberance, lacking light yet soaking up reflections. It evoked the philosophy of Soulages, who died in 2022.

Thus, with a tinge of Valentino’s 1980s heyday and glamor, all-black looks sauntered by as daywear and evening merged indistinguishably owing to the color’s intense allure.

Signature house looks were reimagined with a modern flair — think a voluminous black rosette adorning a sleeve, or the delicate tease of skin beneath tiered silk, not to mention sporty A-line skirts accented with tubular ruffles.

Though feathers, leathers, sequins, and lace provided subtle textural tensions, they did not provide enough of a lift to stop the collection from falling into the perennial danger of such one color-themed shows: Feeling one-note.

Nevertheless, the series of gowns that ended collection were a sublime study in chicness, such as one exquisite sheer chiffon floor-sweeping gown. Delicate baubles peppered poetically around it like a constellation of black stars.

ALEXANDER MCQUEEN’S NEW BEGINNINGS The pressure was palpable for McGirr, the relatively unknown 35-year-old Dublin-born designer, to unveil in this debut a vision and identity after 14 illustrious years of Sarah Burton. Burton, who parted ways with McQueen last season, had woven her narrative into the brand’s darkly romantic ethos after its visionary founder’s sudden, tragic death, leaving big shoes to fill.

Tagged “Rough opulence” and intent on “unveiling the animal within,” McGirr’s first foray resonated with the core tenets laid down by Alexander McQueen: a fusion of Gothic allure, a provocation, an ode to historical fashion, and the brand’s hallmark of dramatic tailoring.

The show unfurled with a model emerging from the shadows in a sinisterly twisted black laminated dress that seemed to swallow her hands whole — a striking image of constriction that reappeared throughout the collection. This binding theme was echoed in cords winding around slim-legged jeans and robust boots morphing into horses' hooves, trailing tails, and ominous broad leather coats.

However, designs occasionally verged on the overly obvious, with pattered historic Renaissance sleeve gowns and bulky “car tire”-like knitwear lacking the subtlety associated with his predecessor. Though the collection sparkled with promising moments of audacity, McGirr prioritized a play-it-safe approach over the risk of a misstep by pushing the envelope. This debut may have benefitted from being presented in a less pressurized, lower-octane, and more intimate format.

Nonetheless, amid the collection’s somber reflections, a surprising undercurrent of delight and whimsy surfaced, most notably through the stirring melody of his compatriot Enya’s “Sail Away” filling the air. It infused the space with a buoyant optimism subtly echoed in McGirr’s oft-playful creations.



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.