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".



China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
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China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier

China's HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas, daily la Repubblica reported on Friday.

Details still need to be defined but the offer gives the luxury group an enterprise value of 10 times the core profit expected by the end of the year, debt included, the newspaper said.

Golden Goose's revenues totaled 655 million euros in 2024, with an adjusted core profit of 227 million euros.

HSG has asked veteran fashion industry executive Marco Bizzarri to become Golden Goose's future chairman, la Repubblica said, adding that the Chinese private equity aims to expand Golden Goose's directly-managed stores, particularly in Asia, and plans to list the group in the medium-term.

Last year the Venice-based company, which sells sneakers for more than 500 euros a pair, shelved plans for an initial public offering on the Milan Bourse, citing market volatility caused by political uncertainty in Europe.


Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.