Chinese Zara Rival Urban Revivo Steps up Global Push with New Stores in Fashion Capitals 

Visitors are walking past the first flagship store of the fast fashion brand Urban Revivo in Shanghai, China, on March 6, 2024. (AFP)
Visitors are walking past the first flagship store of the fast fashion brand Urban Revivo in Shanghai, China, on March 6, 2024. (AFP)
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Chinese Zara Rival Urban Revivo Steps up Global Push with New Stores in Fashion Capitals 

Visitors are walking past the first flagship store of the fast fashion brand Urban Revivo in Shanghai, China, on March 6, 2024. (AFP)
Visitors are walking past the first flagship store of the fast fashion brand Urban Revivo in Shanghai, China, on March 6, 2024. (AFP)

China's Urban Revivo will open a nearly 2,700-square-meter store in London on Wednesday, its second in the city this year, as the fast fashion retailer often likened to Inditex's Zara accelerates its overseas expansion.

The brand is among a growing cohort of Chinese consumer companies - including coffee chain Luckin and art toy maker Pop Mart - seeking growth abroad as spending weakens at home, where a prolonged property crisis and wage security concerns have dampened consumer sentiment.

Urban Revivo, which operates over 400 stores worldwide selling 130 yuan ($18.17) tops and 350 yuan ($48.93) sundresses, has set a target to open 200 overseas locations within the next five years and has already launched stores in New York and Hong Kong, besides London, this year. It has around 20 stores in Southeast Asia.

Leo Li, chairman and CEO of Urban Revivo's parent company Fashion Momentum Group (FMG), said being a global brand was part of the plan since its founding in 2006, and the overseas push has not been heavily influenced by market conditions in China.

FMG, headquartered in the southern Chinese city of Guangzhou, had sales of 7 billion yuan ($978.62 million) last year, according to media reports. Li said the goal is to have at least 5 billion yuan of group revenue coming from overseas markets by 2030.

"Product development is probably the most challenging aspect for us, especially when entering the European and American markets," Li said.

The brand launched a European design center in 2024 to create products tailored to Western consumer tastes and avoid the localization missteps made by some Western fashion brands in the Chinese market.

Gabor Holch, founder of East-West Leadership, a consultancy, predicted social and environmental issues, political issues and data could also prove to be hurdles for Urban Revivo.

"One of the main secrets of success for Inditex and H&M is a very strongly data-driven business model. When Chinese companies step out of China, they have to start learning about (the overseas data environment) from basically zero," Holch said.

Chengcheng Li, account manager at international creative advertising agency SuperHeroes, does not see Urban Revivo's Chinese roots as a hindrance to success in the West.

"People nowadays don't really care whether a product is from Europe, the US, or from Asia," she said. "As long as they have something that resonates with them emotionally."

Also on the agenda for FMG, in which Chinese venture capital firms Hongshan Capital and BA Capital have minority stakes, is a long-rumored public listing.

"It's definitely something we are going to do, but there is no specific timetable ... it may not be too long away," CEO Li said.



Valentino, Fashion Designer to the Jet Set, Dies Aged 93 in Rome

Italian fashion designer Valentino Garavani celebrates 45 years in the fashion business as his latest haute couture line makes its debut at the "Complesso Monumentale di Borgo Santo Spirito in Sassia", in Rome, Italy, on 07 July 2007. (EPA)
Italian fashion designer Valentino Garavani celebrates 45 years in the fashion business as his latest haute couture line makes its debut at the "Complesso Monumentale di Borgo Santo Spirito in Sassia", in Rome, Italy, on 07 July 2007. (EPA)
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Valentino, Fashion Designer to the Jet Set, Dies Aged 93 in Rome

Italian fashion designer Valentino Garavani celebrates 45 years in the fashion business as his latest haute couture line makes its debut at the "Complesso Monumentale di Borgo Santo Spirito in Sassia", in Rome, Italy, on 07 July 2007. (EPA)
Italian fashion designer Valentino Garavani celebrates 45 years in the fashion business as his latest haute couture line makes its debut at the "Complesso Monumentale di Borgo Santo Spirito in Sassia", in Rome, Italy, on 07 July 2007. (EPA)

Valentino Garavani, the jet-set Italian designer whose high-glamour gowns — often in his trademark shade of “Valentino red” — were fashion show staples for nearly half a century, has died at home in Rome, his foundation announced Monday. He was 93.

“Valentino Garavani was not only a constant guide and inspiration for all of us, but a true source of light, creativity and vision,” the foundation said in a statement posted on social media.

His body will repose at the foundation’s headquarters in Rome on Wednesday and Thursday. The funeral will be held Friday at the Basilica Santa Maria degli Angeli e dei Martiri in Rome’s Piazza della Repubblica.

Universally known by his first name, Valentino was adored by generations of royals, first ladies and movie stars, from Jackie Kennedy Onassis to Julia Roberts and Queen Rania of Jordan, who swore the designer always made them look and feel their best.

“I know what women want,” he once remarked. “They want to be beautiful.”

Never one for edginess or statement dressing, Valentino made precious few fashion faux-pas throughout his nearly half-century-long career, which stretched from his early days in Rome in the 1960s through to his retirement in 2008.

His fail-safe designs made Valentino the king of the red carpet, the go-to man for A-listers’ awards ceremony needs. His sumptuous gowns have graced countless Academy Awards, notably in 2001, when Roberts wore a vintage black and white column to accept her best actress statue. Cate Blanchett also wore Valentino — a one-shouldered number in butter-yellow silk — when she won the Oscar for best supporting actress in 2004.


Milan Fashion Week: Five Trends and Buzzwords from Menswear Previews for Next Winter

Models wear creations as part of the Ermenegildo Zegna Fall/Winter 2026-2027 Men's collection presented in Milan, Italy, Friday, Jan. 16, 2026. (AP Photo/Antonio Calanni)
Models wear creations as part of the Ermenegildo Zegna Fall/Winter 2026-2027 Men's collection presented in Milan, Italy, Friday, Jan. 16, 2026. (AP Photo/Antonio Calanni)
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Milan Fashion Week: Five Trends and Buzzwords from Menswear Previews for Next Winter

Models wear creations as part of the Ermenegildo Zegna Fall/Winter 2026-2027 Men's collection presented in Milan, Italy, Friday, Jan. 16, 2026. (AP Photo/Antonio Calanni)
Models wear creations as part of the Ermenegildo Zegna Fall/Winter 2026-2027 Men's collection presented in Milan, Italy, Friday, Jan. 16, 2026. (AP Photo/Antonio Calanni)

The Olympic spirit permeated Milan Fashion Week, closing Monday, from Canadian designers Dsquared2 cheeky tribute to the Games, Emporio Armani’s in-store parade of Team Italia’s uniforms and Ralph Lauren’s celebrity-packed runway show, strong on ski resort wear as it prepares to outfit Team USA.

Fashion always reflects what is going on in the world at large, and the front-row chatter went beyond silhouettes, notably streamlined at Prada, and striking, inventive accessories, like Dsquared2’s hybrid winter footwear, to questions of diversity and sustainability.

Some highlights from four days of mostly menswear previews for Fall-Winter 2026-27:

Olympic Spirit The Italian fashion house Dsquared2, founded by Canadian twins Dean and Dan Caten, made a strong, if ironic, case for why they would have been a fun choice as Team Canada’s official Olympic outfitter for the Feb. 6-22 Games. Fellow Canadian Hudson Williams, the actor starring in the buzzy series “Heated Rivalry’’ about a gay hockey love story, opened the show, strutting down a fake-snow-covered staircase wearing a ripped double denim jacket and sparkly racing number.

Dsquared2 was a gold-medal contender for best footwear of the season. For women, the twins created a hybrid floating high heel that snaps into a sturdy ski boot at the ankle. The brand created a similar mashup for men. The designers played with Olympic imagery with their usual irreverence, including an intarsia Gold medal on a ski sweater, yet mindful of the International Olympic Committee’s strictly enforced copyrights.

Ralph Lauren presented a much more patrician approach to mountaineering in its stately Milan palazzo, with a mélange of colorful patterned knits and cozy fleece jackets layered with puffers and flannel that evoked the brand’s wholesome American heritage. Shown to an intimate celebrity crowd that included Nick Jonas, Tom Hiddleston and Noah Schnapp, the collection offered a cozy entrée to the Olympic season, even as news from home was anything but reassuring.

"As a designer you feel the vibrations in the world. Living in New York City and traveling around the world, you feel the vibrations, and if you are sensitive to that, you develop an ear or a feel for the clothes that you think you're going to do the next season,'' founder Ralph Lauren said in a social media campaign before the show.

Hats off at Prada Prada’s co-creative directors Miuccia Prada and Raf Simons explored the range of men’s headwear, from berets to fedoras, made foldable as if origami, that when flattened could be snapped onto the back of outerwear.

Runway highlights included a modular men’s cape that fit over coats and jackets, giving a layer of protection and utility. Men’s dress shirts had T-shirt necklines and buttoned down the back; exaggeratedly long and purposely worn cuffs protruded from jacket sleeves.

The ultra-slim silhouette of base layer car coats had fashionistas talking, but Miuccia Prada was unapologetic: “That’s fashion.’’

“Talking about intellectual honesty, we are working for a brand that sells expensive clothes to possibly rich people, and so you have to deal with beauty, elegance, to understand what is believable,’’ she said.

Legacy and Sustainability Zegna creative director Alessandro Sartori’s latest collection is about wardrobe building over seasons with pieces that can endure generations, like the fashion house itself that recently named co-CEOs from its fourth generation.

Sartori said he aims to produce more than fashion, but pieces that offer both quality and aesthetics. The jacket of the season was longer and more voluminous with square shoulders that can be worn single-breasted, double-breasted or more casually in a unique formation of three horizontal buttons. The styling versatility is achieved with a clever button-reversing mechanism.

“Our customers are collectors, and not just fashionistas,’’ he said. “I want people to collect pieces like watches.’’

Underlining that brand identity, Zegna displayed behind glass a nearly century-old jacket made with the company’s own fabrics. Today, the family-run business controls about 60% of its supply chain, which gives it a unique footprint as other Italian brands are enveloped in a supply chain scandal.

Simon Cracker, a 15-year-old brand featuring upcycled fashion, is among a small cadre of fashion houses on the Milan runway that can talk up sustainability with any credibility.

Jewelry for Men From the red carpet to the runway, jewelry is becoming a central consideration for men’s wardrobes. Dolce & Gabbana’s evening looks were strong on lapel jewels, from big floral pins to ornate gold brooches embedded with watches, some with long, elegant chains — true heirloom pieces. Giorgio Armani included a smattering of subtle lapel pins for men.

Prada fastened its exaggeratedly long sleeves with gemstone cufflinks, like lapis lazuli and tiger’s eye. Mismatched sculptural earrings finished the look.

Diversity and inclusion Ghanaian designer Victor Hart made his Milan runway debut supported by the decade-old Afrofashion Association, with a strong collection of statuesque denim looks that incorporated street touches like industrial belting.

Milan fashion experienced a mini-Renaissance of diversity and inclusion in the wake of the Black Lives Matters movement in 2020, after designers like Stella Jean and Edward Buchanan as well as the Afrofashion Association's Michelle Ngonmo, demanded action. But the spotlight has dimmed more recently.

Casting models from different races is the easiest, and some say most performative, way to achieve diversity. And still brands fall short. Dolce & Gabbana, which weathered a storm in 2018 over advertisements that were perceived as anti-Asian, was called out on social media for all-white runway casting for Saturday’s menswear show.

French fashion TikToker Elias Medini called it “fifty shades of white," while Hanan Besovic, the influencer behind @ideservecouture, said “having a cast of all white models in 2026 is diabolical.’’


Cartier Owner Richemont Beats Sales Forecasts as China Recovery Continues

The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
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Cartier Owner Richemont Beats Sales Forecasts as China Recovery Continues

The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)

Cartier owner Richemont reported sales ahead of market expectations on Thursday, buoyed by strong global demand for jewelry and a continued recovery in greater China, its second-biggest market and a bellwether for the luxury sector.

The Swiss company's shares rose 3% on the reading with investors looking for signs the luxury goods industry can return to stable growth in a year already marked by geopolitical turmoil and the bankruptcy of one of the sector's largest retail groups, Saks Global.

The world's second-largest luxury company, which also owns Van Cleef & Arpels and Buccellati, said sales in its September-to-December third quarter rose to 6.4 billion euros ($7.45 billion), a 4% year-on-year increase in reported currencies.

That beats an analyst consensus of 6.28 billion euros cited by Visible Alpha and represents an ‌11% increase when ‌measured in constant currencies, Reuters said.

Richemont's trading update provides the first clues on demand for ‌luxury ⁠goods going into ‌2026. LVMH is due to report its annual results later this month, followed by Hermes and Gucci-owner Kering in February. Smaller Italian cashmere brand Brunello Cucinelli was the first luxury brand to report quarterly sales this week.

Shares of sector peers, including watch company Swatch and Birkin-bag maker Hermes, rose in early trade following Richemont's results announcement.

CHINESE MARKET CONTINUES GROWTH REBOUND

Richemont highlighted continued improvement in China, Hong Kong and Macau, where its sales rose by 2%. China accounts for just under 20% of the company's sales, according to a Bank Vontobel estimate, ranking second behind the United States.

The greater China performance "mostly led by ⁠solid activity in Hong Kong" was the second quarter in a row that Richemont has reported improved sales in the region, following a 7% rise ‌in the previous three months.

China has been luxury's main growth engine in ‍recent years, but has been struggling with a sticky ‍real estate crisis and a shift in consumer appetite that have weighed on demand for Western brands.

Richemont's reported ‍trends from China "may be regarded as a pivotal moment", RBC analyst Piral Dadhania said in a note, adding that its performance is a positive signal for the wider luxury sector.

Demand in China, where most European houses saw their sales decline heavily last year, is seen as a decisive factor for the luxury industry to return to sustained growth.

"The Chinese consumer holds the key to luxury and is thus the critical sector theme for 2026," Berenberg analyst Nick Anderson said in a recent note to clients.

JEWELLERY UP BUT GOLD PRICES, STRONG FRANC PRESSURE MARGINS

Following two ⁠years of stagnation, analysts are beginning to turn more optimistic on the $400 billion luxury industry, with jewelry seen as a critical growth driver since inflation-wary shoppers view it as an investment rather than a mere treat.

Richemont's jewelry sales were up 14% helped by the launch of novelty items such as bracelets and pendants, which tended to be slightly cheaper and were popular during the gifting season.

"Jewelry is in strong shape, and Richemont dominates it with its brands," Bernstein analysts said.

The company's watchmaking business, which includes the IWC and Jaeger-LeCoultre brands, lifted sales by 7%.

Pressures on Richemont's margins due to record-high gold prices and the strong Swiss franc, however, will likely persist and could impact the group's profit outlook for the next business year if not countered by more price increases, analysts from Deutsche Bank said.

A company spokesperson declined to comment on the bankruptcy of Saks Global, the owner of US department stores Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus.

Richemont ‌is among the retailer's top unsecured creditors. Saks owes about $3.4 billion to creditors, while claims by the top 30 unsecured creditors are worth a total of $712 million, bankruptcy filings show.