With Thistles and Tartan, Dior Pays Tribute to Scotland in Cruise Collection 

A model presents a creation for Dior during the 2025 Dior Croisiere (Cruise) fashion show on June 3, 2024 at Drummond Castle, in Crieff, in Scotland. (AFP)
A model presents a creation for Dior during the 2025 Dior Croisiere (Cruise) fashion show on June 3, 2024 at Drummond Castle, in Crieff, in Scotland. (AFP)
TT

With Thistles and Tartan, Dior Pays Tribute to Scotland in Cruise Collection 

A model presents a creation for Dior during the 2025 Dior Croisiere (Cruise) fashion show on June 3, 2024 at Drummond Castle, in Crieff, in Scotland. (AFP)
A model presents a creation for Dior during the 2025 Dior Croisiere (Cruise) fashion show on June 3, 2024 at Drummond Castle, in Crieff, in Scotland. (AFP)

French fashion house Christian Dior paid homage to Scotland at a catwalk show in a Perthshire castle, with tartan designs and thistle motifs adorning its cruise 2025 collection.

Celebrities, including Hollywood actors Jennifer Lawrence and Anya Taylor-Joy, gathered in the picturesque gardens of Drummond Castle in central Scotland for the show on Monday, where designer Maria Grazia Chiuri peppered kilts for the womenswear line with some punk nods.

Models wore an array of tartan asymmetric dresses, cropped and belted jackets, shorts and corsets, as well as argyle knits, capes and lace or velvet frocks varying in length and volume.

Some of her designs bore fringes, embroidered thistle motifs or the map of Scotland. Others were festooned with pictures of founding designer Christian Dior's 1955 fashion presentation at the nearby Gleneagles Hotel.

Voluminous layered bodice dresses appeared to be a nod to Tudor styles, while some short frocks seemed armor-like.

Chiuri cited a book about Mary, Queen of Scots and her embroidery work as an inspiration. A white shirt tucked under a white corset were embroidered with various words in red, including "fierce", "hysterical", "emotional" and "bossy."

Chiuri, who often works with female collaborators for shows, teamed up with Scottish designer Samantha McCoach, of the brand Le Kilt, for some creations.

The looks were accessorized with chunky black boots, long black gloves and chokers with pearls.

“Scotland is an important reference in the fashion world and I wanted to interpret it in a different way," Chiuri told fashion magazine Vogue ahead of the show.

"For my generation, it’s so associated with punk, but there is another way to go into it, and that’s through the textiles."

Cruise, or resort, collections - produced by stylists in addition to twice-yearly seasonal collections - are often held in different cities or countries.



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)
TT

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.