Paris Fashion Week to Showcase Industry Makeover With String of Debuts

Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
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Paris Fashion Week to Showcase Industry Makeover With String of Debuts

Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)

Paris Fashion Week kicks off on Monday with a dozen new faces set to make their debuts at major labels, including Matthieu Blazy at Chanel.

Reflecting an unprecedented shake-up of creative directors, the Spring-Summer 2026 season will showcase the renewal of the top ranks of the global luxury clothing industry on a scale rarely seen.

The sector, facing a slowdown in spending from the world's elite, is banking on the changes to infuse fresh excitement and hopefully boost sales, AFP reported.

"We're opening a new chapter, not so much for Fashion Week itself, but for what fashion will be over the next 10 years," said Pierre Groppo, fashion editor-in-chief of Vanity Fair magazine in France.

Although the first Chanel show by Matthieu Blazy is expected to be the biggest highlight, the VIPs and fashionistas jostling for highly coveted invitations will have to wait until the penultimate day on October 6 to glimpse the 41-year-old.

The Franco-Belgian, poached from Kering-owned Bottega Veneta, faces the daunting task of modernizing Chanel's identity and turning the page on the Karl Lagerfeld era of more than three decades.

The "Kaiser" defined the hugely profitable brand up to his death in 2019 and was succeeded by his long-time co-worker Virginie Viard, who was seen as a successful continuity candidate.

Blazy, who first caught the eye as a designer at Maison Martin Margiela, took one of the most coveted spots in the fashion business in December after regenerating Bottega Veneta and its signature handwoven "intreccio" leather patterns.

Another hotly awaited moment will be Jonathan Anderson's first women's collection for LVMH-owned Dior, on October 1, after the Northern Irish designer presented a well-received debut men's line in June.

Attention will also turn to Pierpaolo Piccioli at Balenciaga, who is succeeding the provocative Demna, and to Duran Lantink at Jean Paul Gaultier, the brand's first permanent artistic director since its founder retired in 2020.

For Claire Thomson-Jonville, editorial director of Vogue France, "the massive arrival of new creative directors is the sign of a new era: they bring a more global, inclusive and responsible vision, while reinventing the heritage of the houses."

The week will also see the debut of Jack McCollough and Lazaro Hernandez at Loewe, Miguel Castro Freitas at Mugler and Mark Thomas at Carven.

"We can call this a historic Fashion Week," added Thomson-Jonville.

Some major designers will be showing only their second collections -- often considered by industry insiders as more meaningful than the debuts -- including Sarah Burton for Givenchy, Glenn Martens for Maison Margiela and Haider Ackermann for Tom Ford.

Alongside the newcomers will be collections from Louis Vuitton and Hermes, and the return of long-absent labels such as Celine and Thom Browne, promising a Fashion Week "without downtime," said Elvire von Bardeleben, fashion editor at Le Monde.

Among the new brands, Belgian designer Julie Kegels makes her Paris debut, as does her compatriot Meryll Rogge.

The Paris event comes at a turbulent time for the luxury industry, facing slowing demand in China, US tariffs on exports and uncertainty over the global economy.

Each year, four Fashion Weeks set the rhythm of the calendar: menswear in January and June, and womenswear in February/March and September, the latter being the most closely watched.

These are distinct from Haute Couture, shown only in Paris in January and July, featuring unique handmade pieces destined for red carpets and major events.



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.