'Saudi 100 Brands' Mark Presence at Paris Fashion Week

The Saudi Ministry of Culture logo
The Saudi Ministry of Culture logo
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'Saudi 100 Brands' Mark Presence at Paris Fashion Week

The Saudi Ministry of Culture logo
The Saudi Ministry of Culture logo

'Saudi 100 Brands' initiative has hosted an exclusive fashion show at Palais de Tokyo in Paris to showcase the Spring/Summer 2025 collections of eleven distinguished Saudi designers and reflect the vibrant culture of Saudi Arabia, according to the Ministry of Culture.

"Our men's collections bring a fresh perspective to fashion, combining luxurious comfort with forward-thinking designs that reflect the unique DNA of each brand. This event represents the voice of the young Saudi generation, eager to connect with international youth through innovative and expressive fashion,” Saudi Fashion Commission CEO Burak Cakmak said.

The Culture Ministry statement said the show attracted influential global attendees, indicating a promising future for the designers.

The participating labels were 1886, Awaken, HINDAMME, House of Cenmar, KML, Mazrood, Noble & Fresh, Not Boring, Noura Sulaiman, RBA New York and Uscita.

The Saudi 100 Brands is a specifically designed program for fashion companies, brands and designers to achieve their full potential. It is funded by the Fashion Commission, part of the Ministry of Culture.

It aims to support the development of Saudi designers in the fashion industry by providing them with tools to enhance their brands' growth both locally and internationally.



H&M Abandons 2024 Earnings Margin Target, Q3 Profit Lags

People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
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H&M Abandons 2024 Earnings Margin Target, Q3 Profit Lags

People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko

H&M, the world's second-largest listed fashion retailer, said on Thursday it no longer expected to reach its full-year earnings margin goal, while reporting a lower-than-expected operating profit for the June-August period.

H&M has struggled to boost its profitability amid high inflation and stiff competition from its bigger Spanish rival Zara, owned by Inditex, and the rapid growth of cut-price online fast-fashion retailer Shein.

"At present we estimate that this year's operating margin will be lower than 10%," Chief Executive Daniel Erver said in a statement.

The accumulated margin stood 7.4% for the first three quarters.

The full-year operating margins for 2022 and 2023 were 3.2% and 6.2% respectively, and H&M had cautioned in June that factors such as materials costs and foreign currency had made the 2024 target more difficult to reach.