Godzilla Claw Shoes on Oscars Red Carpet Are Just One of Hazama’s ‘Dark Fantasy’ Creations 

The various Godzilla-themes shoes by Japanese fashion designer Ryosuke Matsui, on a table also designed by Matsui, are shown during an interview with The Associated Press at his company office on the outskirts of Tokyo, Friday, March 22, 2024. (AP)
The various Godzilla-themes shoes by Japanese fashion designer Ryosuke Matsui, on a table also designed by Matsui, are shown during an interview with The Associated Press at his company office on the outskirts of Tokyo, Friday, March 22, 2024. (AP)
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Godzilla Claw Shoes on Oscars Red Carpet Are Just One of Hazama’s ‘Dark Fantasy’ Creations 

The various Godzilla-themes shoes by Japanese fashion designer Ryosuke Matsui, on a table also designed by Matsui, are shown during an interview with The Associated Press at his company office on the outskirts of Tokyo, Friday, March 22, 2024. (AP)
The various Godzilla-themes shoes by Japanese fashion designer Ryosuke Matsui, on a table also designed by Matsui, are shown during an interview with The Associated Press at his company office on the outskirts of Tokyo, Friday, March 22, 2024. (AP)

One Japanese creation grabbing attention on the Oscars red carpet wasn't a movie: the kitsch shoes that seemed to be clenched in Godzilla's claw.

They were the work of Ryosuke Matsui, who recently described his joy at seeing “Godzilla Minus One” director Takashi Yamazaki and his Shirogumi special-effects team walk the red carpet and win the visual effects Oscar, all while wearing his shoes.

“The director loves my shoes. He calls them his uniform,” Matsui told The Associated Press in an interview.

At 35 with a fashion career that's barely a decade old, Matsui heads his own brand called Hazama, which means “the space-in-between” in Japanese.

A small business with just six employees, Hazama offers girlie outfits with fluffy skirts, as well as Gothic themes, kimono and sweaters in gradient colors, jackets with repetitive motifs evocative of Andy Warhol, sofas and coffee tables, and, of course, the shoes with the crazy heels.

One pair has a pistol trigger you can really pull though without any bullets, while another looks like it’s stuck in an alien’s blood-red teeth.

“Dark fantasy” is what Matsui calls his motifs. His imaginary world is filled with odd creatures like witches, scary penguins and iridescent polar bears, where objects suddenly melt, a face might get replaced by a giant rose, or a horrific hand grabs your heel from underground.

His brand’s spaces in-between are the filters through which Matsui sees and expresses his mesmerizing stories of the beginnings of time, inhabited by “the people” he’s concocted. He would love to have his own café or work on an animation project.

“Of course, cool people look great, no matter what they wear, but clothes can change the way you think, how you relate to people around you, work as that doorway into building your confidence,” he said.

Matsui's no-nonsense friendly attitude defies his demure first impression. Sitting amid mounds of boxes and packages of clothing at his office on the outskirts of Tokyo, he was wearing a Hazama-designed hoodie with rainbow-tinged fangs of an “aurora shark” for studs, with torn Yves Saint Laurent jeans and Nike sneakers. He said he wasn't wearing his Godzilla shoes because he was working.

The Godzilla shoes originated as a special order from the film’s producer for the Japan premiere in October last year. Their stealing the show at the recent Academy Awards ceremony wasn’t even in the script then.

It took Matsui about a year to finish the initial three designs, the 75,000 yen (about $500) red pumps for actress Minami Hamabe, the 88,000 yen ($600) shoes for Yamazaki, and boots decorated with jagged scales, priced at 105,500 yen ($700), for Ryunosuke Kamiki, the movie’s co-star alongside Godzilla.

The entire first batch of several hundred already sold out. Plans are underway to produce more, perhaps in different colors, like gold in homage of the Oscar statue.

Interest has been huge, according to Matsui. But, in theory, everyone who’s got their hearts set on a Godzilla shoe should be able to get one, eventually.

Growing up in a loving family that sent him to piano and swimming lessons and “juku” cram schools, Matsui is a graduate of the prestigious Keio University and could have easily become a successful “salaryman” like other young Japanese men.

But he didn’t want to part with his then-blond hair.

Although he has always respected Yohji Yamamoto, he purposely pursued color and fabric texture, instead of Yamamoto’s focus on black and stark lines.

When asked about his global ambitions, Matsui acknowledged he is quite happy working in Japan. His dream is surprisingly local: to create the fashion for Bump of Chicken, a Japanese rock band.

Besides, he’s afraid of flying.



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.