Patricio Campillo Makes New York Fashion Week Debut, Championing Mexican Tradition

The Manhattan skyline is seen at sunset from Louis Armstrong Stadium during the US Open tennis tournament at the USTA Billie Jean King National Tennis Center in New York City, on September 2, 2024. (Photo by CHARLY TRIBALLEAU / AFP)
The Manhattan skyline is seen at sunset from Louis Armstrong Stadium during the US Open tennis tournament at the USTA Billie Jean King National Tennis Center in New York City, on September 2, 2024. (Photo by CHARLY TRIBALLEAU / AFP)
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Patricio Campillo Makes New York Fashion Week Debut, Championing Mexican Tradition

The Manhattan skyline is seen at sunset from Louis Armstrong Stadium during the US Open tennis tournament at the USTA Billie Jean King National Tennis Center in New York City, on September 2, 2024. (Photo by CHARLY TRIBALLEAU / AFP)
The Manhattan skyline is seen at sunset from Louis Armstrong Stadium during the US Open tennis tournament at the USTA Billie Jean King National Tennis Center in New York City, on September 2, 2024. (Photo by CHARLY TRIBALLEAU / AFP)

New York Fashion Week kicks off on Friday, with designers showcasing their spring/summer collections - both legacy brands like Tommy Hilfiger, and new kids on the block, such as Mexican designer Patricio Campillo.

Campillo will be making his NYFW debut on Saturday at the Public Hotel with a men's line that he says was inspired by Mexican volcanoes and how they can "modify a space."

"The brand's patterns are based on a suit that my grandfather gave my dad when my dad turned 18, and this suit was given to me a few years ago," said Campillo in an interview, according to Reuters.

Negotiating his career as a self-taught designer had been difficult without the benefit of another Mexican designer who had previously broken through, he said, adding that he hoped his success could help those coming up.

"Mexico is a place full of talent, full of people willing to work and I believe that nobody grows alone," said Campillo.

Campillo has already attracted plaudits and celebrity customers, and fashion and beauty writer Asia Milia Ware at New York Magazine's The Cut predicted he will walk away with even more attention following his NYFW appearance.

"The right eyes can land you into a retailer, which is a big goal for a lot of these designers," she said. "Or the right eyes from an editor can land you press, whether that's landing you on a cover, landing you a feature which can really just be dynamic and really life-changing for these designers. So, it's a big moment."
This season there are roughly 60 designers on the official calendar, plus many more off-calendar.
Ware said the most anticipated shows were Alaia and Off-White. "They normally show in Paris, but this year they're showing in New York, and they're like the two hottest tickets to get in the city this season," she said.
Bold reds and power shoulders would be central themes of collections, she predicted.



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.