Nigerian Designer Pushes 'Afro-lux' Onto the Global Fashion Scene

Reni Folawiyo, founder of Alara concept store in Lagos, promotes what she calls 'Afro-lux'. OLYMPIA DE MAISMONT / AFP
Reni Folawiyo, founder of Alara concept store in Lagos, promotes what she calls 'Afro-lux'. OLYMPIA DE MAISMONT / AFP
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Nigerian Designer Pushes 'Afro-lux' Onto the Global Fashion Scene

Reni Folawiyo, founder of Alara concept store in Lagos, promotes what she calls 'Afro-lux'. OLYMPIA DE MAISMONT / AFP
Reni Folawiyo, founder of Alara concept store in Lagos, promotes what she calls 'Afro-lux'. OLYMPIA DE MAISMONT / AFP

Its modern architecture complemented by latticework inspired by local Yoruba textiles, Alara, west Africa's first fashion and design "concept store", is an imposing sight in Lagos, Nigeria's bustling economic capital.

Founder Reni Folawiyo is now 10 years into forging what she calls "Afro-lux", Alara serving as a homebase for designs that "play between tradition and modernity", while working to elevate African fashion both at home and abroad, said AFP.

Inside, clothing from upscale African designers sits next to western brands, decorative art and books, part of Folawiyo's mission to put design from the continent on equal footing with established giants.

The lattice on the building's exterior is based on adire textiles, popular among the Yoruba ethnic group in southwest Nigeria.

"A lot of the beautiful things that people were making in different parts of Africa were not celebrated in the way that I thought they should be celebrated," the 60-year-old told AFP of the rural handiwork that often inspires the work on display.

"I felt very strongly in my belief that these objects and these people had value."

Music stars as style ambassadors

West African design is having a moment, Folawiyo told AFP in an interview in Lagos, wearing sunglasses with bright pink lenses.

In May, Nigerian music stars Burna Boy, Tems and Ayra Starr graced New York's Met Gala, dressed by British-Ghanaian designer Ozwald Boateng.

But for Folawiyo, it is not enough to just occupy the occasional runway.

"At the moment, the best way to platform designers outside Africa is to partner and collaborate with institutions that are of repute," she said, pointing to her recent pop-up store and exhibition at the Brooklyn Museum as well as a collaboration with the Los Angeles County Museum of Art.

Taking notes from her own Yoruba culture -- with its rich textiles, bright colors and lavish ceremonies -- she's also found inspiration in the "rugged" design of Senegal and the "certain sophistication" found in Ivory Coast.

Alara is "my own idea of what a celebration of Africa looks like", she told AFP.

Culture through cuisine

Behind the boutique lies the NOK restaurant, whose executive chef is Pierre Thiam, the Senegalese chef who has led the charge in bringing the region's food scene to the United States.

While still high end, NOK's prices are more affordable than Alara's wares -- a tricky balancing act in a country like Nigeria, home to wealthy one-percenters in the tech and oil industries, a middle class battered by inflation and millions of informal workers.

Among Alara's austere interior of black walls and white concrete, a green dress from the Nigerian brand Eki Kere retails for 325,000 naira (about $210), while a table from Senegalese-Nigerian studio Salu Iwadi can fetch up to 10 times the price.

Folawiyo herself comes from Lagos's elite, as the wife of business magnate Tunde Folawiyo and daughter of former Western Region attorney general Lateef Adegbite.

Yet getting others -- including potential business partners -- to see her vision of African-born luxury was a struggle when she first attempted to launch Alara, she said.

"But I was very committed to it and I had great belief in myself and my idea," she said.

Now, firmly planted in Nigeria, Folawiyo organizes fashion shows abroad, including at Barbados's CARIFESTA XV this month.

But the industry's success, she said, ultimately relies on "passing on knowledge to future generations".



Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)
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Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)

Birkenstock raised its full-year sales growth forecast on Wednesday, banking on resilient full-price demand for its premium sandals from affluent shoppers.

Shares of the German sandal maker were up ‌7% in ‌premarket trading.

A pullback in ‌US ⁠discretionary spending has ⁠weighed on much of the apparel and footwear sector, but brands such as Birkenstock catering to wealthier consumers have largely held up, benefiting from ⁠strong pricing power and ‌brand loyalty.

While ‌the Middle East conflict continues ‌to create uncertainty in the Gulf ‌region, the impact on the quarter was more contained than initially anticipated, the company said.

It now ‌expects fiscal year 2026 revenue growth of 15% ⁠on ⁠a constant currency basis, compared with its earlier forecast of a 13% to 15% rise.

The company posted third-quarter revenue of 719.5 million euros ($829.08 million), compared with analysts' estimate of 713.4 million euros, according to data compiled by LSEG.


Jeweller Pandora Raises 2026 Guidance as New Designs Draw in Shoppers

A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
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Jeweller Pandora Raises 2026 Guidance as New Designs Draw in Shoppers

A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)

Jeweller Pandora raised its 2026 guidance for organic growth and profit margin on Wednesday, saying new designs and marketing were helping attract shoppers, and also reported second-quarter operating profit (EBIT) above analysts' expectations.

Pandora said EBIT for the April-June period came in at 1.46 billion Danish crowns ($225.35 million), against an average estimate of 1.10 billion expected by analysts in a company-compiled poll, reflecting partial refunds of previously paid ‌U.S. tariffs.

"We are ‌making progress in re-energizing Pandora's ‌growth engine," ⁠CEO Berta de ⁠Pablos-Barbier said in a statement.

"There is more work ahead, but we are moving in the right direction and raising our 2026 guidance for both growth and profitability," she added.

The company now expects organic growth at between 0% and 3% in ⁠2026, up from a previous range ‌of -1% to 2%, ‌and an operating profit margin between 22% and 23%, up ‌from 21% to 22%.

In the top job ‌since January, de Pablos-Barbier is leading a drive to release new designs, with its Pandora Wonders line - featuring pearl charms shaped like a frog, a pufferfish, or ‌a mushroom - launching in July in Paris during Haute Couture week.

Pandora's share price ⁠has ⁠been highly volatile over the past two years as the price of silver surged, prompting de Pablos-Barbier to announce in February a shift towards platinum-plated jewellery as a way of reducing its reliance on silver.

Pandora said on Wednesday it started pilot testing a limited range of platinum-plated jewellery in the Netherlands in July, and would do broader tests across markets in the fourth quarter, before scaling up the rollout next year.


Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline

FILE PHOTO: People walk past a Giorgio Armani store in Galleria Vittorio Emanuele II, following Giorgio Armani's death at the age of 91, in Milan, Italy, September 5, 2025. REUTERS/Gonzalo Fuentes//File Photo
FILE PHOTO: People walk past a Giorgio Armani store in Galleria Vittorio Emanuele II, following Giorgio Armani's death at the age of 91, in Milan, Italy, September 5, 2025. REUTERS/Gonzalo Fuentes//File Photo
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Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline

FILE PHOTO: People walk past a Giorgio Armani store in Galleria Vittorio Emanuele II, following Giorgio Armani's death at the age of 91, in Milan, Italy, September 5, 2025. REUTERS/Gonzalo Fuentes//File Photo
FILE PHOTO: People walk past a Giorgio Armani store in Galleria Vittorio Emanuele II, following Giorgio Armani's death at the age of 91, in Milan, Italy, September 5, 2025. REUTERS/Gonzalo Fuentes//File Photo

The planned sale of ‌a 15% stake in Italian fashion group Giorgio Armani may not be completed until after a March 2027 deadline set by the late designer's will, an Italian newspaper reported on Tuesday.

Citing company sources, the Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time, said Reuters.

The indications on timing in the will are not binding, the sources said, adding the need to reach the best possible terms for a sale took precedence.

The company did not immediately ‌respond to ‌a request for comment.

Giorgio Armani, who died on ‌September ⁠4, 2025, instructed the ⁠eponymous foundation that controls the fashion house to sell an initial 15% stake within 18 months, giving priority to French luxury goods group LVMH, beauty giant L'Oreal and Franco-Italian eyewear maker EssilorLuxottica .

Corriere cited board documents from the Giorgio Armani Foundation as saying the process was still at an early stage and unlikely to ⁠be completed before 2027.

Evaluations over the stake ‌sale are under way but ‌remain preliminary because the transaction is complex, Rothschild & Co banker and foundation director ‌Irving Bellotti told an April board meeting, Corriere reported.

Bellotti said ‌that work on the deal would begin this year but was expected to be completed during 2027.

The group has also not ruled out a potential stock market listing, which would leave management in ‌the hands of the family and current executives under the foundation's strategic oversight, Corriere said, citing the ⁠sources.

Corriere also ⁠cited Chief Executive Giuseppe Marsocci as telling the foundation's board in April that net group sales in the first two months of 2026 fell 7.5% at current exchange rates and 3.9% at constant exchange rates from a year earlier.

The company adopted measures to cut operating costs by €25 million ($28.84 million), Marsocci added.

The drop, he explained, was driven by the wholesale channel where sales declined 10.7% year-on-year at constant exchange rates, while direct-to-consumer sales rose 3.5% net of currency effects, Corriere reported.

Giorgio Armani will approve first-half results on September 8, Corriere said, adding they should broadly confirm January-February trends.