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.



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
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Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


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.