Elie Saab Runway Captivates with Moody Midnight Shadows at Paris Couture Week

 A model presents a creation by Elie Saab during the Haute-Couture Fall/Winter 2024 show as part of the Paris Fashion Week, at le Musee des Arts Decoratifs (Museum of Decorative Arts), in Paris, on June 26, 2024. (AFP)
A model presents a creation by Elie Saab during the Haute-Couture Fall/Winter 2024 show as part of the Paris Fashion Week, at le Musee des Arts Decoratifs (Museum of Decorative Arts), in Paris, on June 26, 2024. (AFP)
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Elie Saab Runway Captivates with Moody Midnight Shadows at Paris Couture Week

 A model presents a creation by Elie Saab during the Haute-Couture Fall/Winter 2024 show as part of the Paris Fashion Week, at le Musee des Arts Decoratifs (Museum of Decorative Arts), in Paris, on June 26, 2024. (AFP)
A model presents a creation by Elie Saab during the Haute-Couture Fall/Winter 2024 show as part of the Paris Fashion Week, at le Musee des Arts Decoratifs (Museum of Decorative Arts), in Paris, on June 26, 2024. (AFP)

Elie Saab again transported his VIP guests at Paris' Musee des Arts Decoratifs into a realm of magic and splendor, a world of bridal queens and midnight shadows. And French couturier Julie de Libran took her signature style further with a light and airy display.

Here are some highlights of Wednesday's fall-winter 2024 couture collection.

Elie Saab gleams for men and women

The Lebanese designer’s fall collection came with dramatic flair, strikingly at midnight, enveloping the audience in a welcome dark mood. Models in black leather opera gloves and graphic bands of black satin set the tone.

Men’s couture capes, part of Saab’s theme since fall 2022, were embroidered with sequins and gleaming threads, resembling silver foliage kissed by morning dew. Saab’s opulent men’s couture line continues to add a new dimension to his brand, catering to a market segment that craves visibility.

In the predominantly women's display, organza whooshes swirled upward from the waist in a feat of artistry. As the collection progressed, the color palette softened. Tried-and-tested floor-length silhouettes dazzled in gemstone hues.

A standout piece was a shoulderless gown in powder red, where sequins on the bodice morphed into a sea of feathers cascading down the mermaid-like skirt. The transformation of textures underscored Saab’s craftsmanship.

While Saab’s designs may not always break the mold in innovation or surprise, the commitment to his signature style ensures that his creations remain timeless. His starry clientele appreciates the red carpet-ready classicism.

Ellie Goulding and others applauded from the front row, a testament to Saab’s enduring appeal.

De Libran's nostalgic charm

French couturier Julie de Libran is renowned for intimate shows. She often enlists close friends as models and muses, evoking a nostalgic charm reminiscent of traditional couture presentations.

On Wednesday, de Libran took her signature style further with a light and airy display.

Models held numbered cards, a nod to the way collections were once presented. The vintage touch was complemented by details like a pink feather trim on a limp-waisted gown, which exuded a 1930s flair. The gown’s vivid red injected a contemporary twist.

De Libran’s affinity for vintage-inspired fabrics shone through in a Bordeaux column dress and a coat with large proportions, adorned with gleaming lamé velvet flowers. The pieces exemplified her commitment to high-quality craftsmanship and upcycling. Using exquisite fabrics from Lyonnaise mills, her creations often cannot be replicated, highlighting their artisanal nature.

As a rare independent designer on the couture calendar, de Libran continues to captivate with her blend of nostalgic elegance and modern sophistication.

The art of the invitation

In the Paris luxury industry, the art of the chic invite is vital. Fashion houses vie to create the most inventive and flamboyant show invitations, often delivered by gas-guzzling couriers to each guest’s personal or professional address, with little regard for the environment.

The miniature masterpieces sometimes hint at the forthcoming collection, while at other times they are simply whimsical.

Chanel’s latest invitation, a pair of opera glasses, hinted at the show’s theme inside Paris’ opera house. Staying true to its classic roots, Dior sent out beautifully penned cards by an age-old calligrapher, evoking the maison’s timeless elegance. Schiaparelli’s giant gold key invitation reflected the surrealist legacy of founder Elsa Schiaparelli, promising an avant-garde showcase.



Nike Sinks as Gloomy Sales Forecast Fans Growth Concerns

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
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Nike Sinks as Gloomy Sales Forecast Fans Growth Concerns

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)

Nike shares slumped 15% premarket on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.

The company on Thursday projected a mid-single-digit percentage fall in fiscal 2025 revenue, compared to analysts' estimates of a near 1% rise, dragging shares of rivals and sportswear retailers across Europe, UK and US on Friday, Reuters reported.

British sportswear retailer JD Sports fell as much as 6.6% and Germany's Puma lost 4%, while Adidas was flat after briefly rising nearly 2%.

"Nike shares are headed for a stay in the proverbial penalty box until new product innovations actually start to manifest themselves and management regains investor trust," Wedbush analyst Tom Nikic said in a note.

To be sure, Nike has cut back on oversupplied brands including Air Force 1 to curb a worsening sales decline as part of a $2 billion cost-cutting plan launched late last year.

Nike is set to roll out this year an Air Max version and Pegasus 41 with full-length foam midsole made from ReactX to boost sustainability, responding to concerns over stagnating innovation.

The company was "also accelerating planned reductions for our three largest franchises ... while we have work to do, we are very focused on scaling the newness to offset this planned reduction," CEO John Donahoe said on a post-earnings call.

Newer sporting goods brands, including Hoka, Asics, New Balance and On, accounted for 35% of global market share in 2023 compared to the 20% held over the 2013-2020 period, according to a RBC research report released in June.

"They know where the problems are, but they're having trouble right now generating demand and it is going to be a transition period that is going to take some time in different markets," Morningstar analyst David Swartz said.

Nike's US market share in the sports footwear category fell to 34.97% in 2023 from 35.37% in 2022, and 35.40% in 2021, according to GlobalData.

At least six brokerages downgraded the stock and 15 cut their price targets on Nike.

Nike's shares were trading at 25.13 times profit estimates while On and Deckers were trading at 37.41 and 31.13 times earnings expectations.