Naomi Campbell's Enduring Fashion Career Will Be Celebrated with a London Museum Exhibition

Naomi Campbell. (Getty Images)
Naomi Campbell. (Getty Images)
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Naomi Campbell's Enduring Fashion Career Will Be Celebrated with a London Museum Exhibition

Naomi Campbell. (Getty Images)
Naomi Campbell. (Getty Images)

After four decades in fashion, the queen of the catwalk is getting her own exhibition.The Victoria and Albert Museum in London is launching “NAOMI: In Fashion,” a celebration of Naomi Campbell's enduring career. The exhibition, which opens in June, will showcase memorable designer outfits worn by Campbell, one of the most recognizable models and Black women in the world, The Associated Press said.“I’m honored to be asked by the V&A to share my life in clothes with the world," Campbell, 53, said in a statement.Sonnet Stanfill, a fashion curator at the museum, called Campbell “one of the most prolific and influential figures in contemporary culture.”The exhibition will include some 100 looks and accessories from the biggest names in fashion, from Chanel and Dolce & Gabbana to Versace, Yves Saint Laurent, Alexander McQueen and many others.Highlights include a 1989 Thierry Mugler car-inspired corset made from plastic and metal, a bubble-gum pink Valentino gown and feather cape Campbell wore at the 2019 Met Gala and staggeringly high Vivienne Westwood platform shoes worn by Campbell during her famous 1993 catwalk fall.The London-born Campbell attended stage school from a young age and started her career at 8, when she began performing in music videos for Bob Marley and Culture Club.The aspiring dancer was approached by a model agent when she was 15, and within two years she was strutting down catwalks in Paris and Milan. She was the first Black model to appear on the cover of Vogue France in 1988.Part of the exhibition focuses on Campbell's personal and professional relationship with the late Tunisian-born designer Azzedine Alaïa, who opened his Parisian home and studio to a young Campbell. She inspired his work, while he helped advance her career.Curators said that the show will recognize Campbell's advocacy for equity in the fashion industry and support for emerging creative talents.The exhibition will run from June 22 to April 2025.



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.