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.



Burberry’s Strong US Sales Offset Iran War Impact in Europe

A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
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Burberry’s Strong US Sales Offset Iran War Impact in Europe

A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)

Burberry's recovery continued in the April-June quarter thanks to strong sales in the US and China, while it said conflict in the Middle East dented ‌tourist spending ‌in Europe.

CEO Joshua ‌Schulman, ⁠who has led ⁠a turnaround since taking the helm two years ago, has said he is focused on the two "must-win" markets of the ⁠US and China as ‌he ‌tries to revive the luxury brand.

The strategy ‌appeared to be working, ‌with Burberry saying on Friday that Gen Z customers in China helped sales increase 9% ‌in that key market from a year earlier, while ⁠sales ⁠in the Americas grew 12% as the brand attracted new customers.

Overall, comparable store sales in Burberry's first financial quarter grew 5%, in line with analysts' expectations, while sales in the Europe and Middle East region fell 3%.


Frasers Withholds Outlook as Hugo Boss and Accent Bids Cloud Forecast

People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
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Frasers Withholds Outlook as Hugo Boss and Accent Bids Cloud Forecast

People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay

British retailer Frasers on Thursday withheld its fiscal 2027 outlook, saying ongoing takeover bids for German fashion house Hugo Boss and Australian footwear chain Accent made it difficult to forecast the year ahead.

The announcement, which accompanied news that the group had missed profit forecasts for the year to April 26, ‌sparked a near 6% ‌drop in the Mike Ashley-owned sportswear and ‌fashion retailer's ⁠shares in early ⁠trade.

The results highlight the growing complexity of CEO Michael Murray's acquisition-led strategy, which has expanded the Sports Direct owner's global footprint but also generated heavy goodwill writedowns and operating costs.

"We think (Frasers') complexity and its lack of liquidity will continue to weigh on its valuation, and we think its proposed acquisition of Hugo Boss may add ⁠to execution risk and its financial leverage," said ‌RBC Capital Markets analyst Richard Chamberlain.

The ‌group said adjusted pre-tax profit fell 4% to £538 million ($727.9 million) in fiscal 2026, ‌missing its own forecast of £550 million to £600 million and analysts' ‌consensus of £564.2 million, according to LSEG data.

BIDS YET TO YIELD RESULTS

Hugo Boss earlier this month rejected Frasers' takeover bid as "financially inadequate", while an independent committee of Accent's board also recommended that a takeover proposal from the group ‌be rejected.

Frasers booked £249.9 million of impairment charges in fiscal 2026, up sharply from a £9.6 million reversal ⁠in the prior ⁠year, after fully writing down goodwill assigned to Nordic sports retailer XXL, Dutch chain Twinsport and own-brand Everlast.

It also partially impaired goodwill relating to its South African acquisition Holdsport due to weaker growth expectations.

Frasers has also been hit by challenging market conditions, subdued consumer confidence and excess inventory in recent months, which it said continued through the second half of the year and into the starting months of fiscal 2027.

"These pressures are weighing on the entire sector, creating a prolonged and challenging environment, meaning the full potential of this progress has not yet been realised," the company said in a statement.


Kering Appoints LVMH Fragrance Chief Spitzer as New Bottega Veneta CEO

The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
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Kering Appoints LVMH Fragrance Chief Spitzer as New Bottega Veneta CEO

The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)

French luxury group Kering has appointed Romain Spitzer as the new CEO of Bottega Veneta, it said on Wednesday.

Spitzer, currently president and CEO of Fragrance Group LVMH Beauty, will ‌join the ‌Italian fashion ‌brand ⁠from September 1, the ⁠company said in a statement.

Bottega Veneta had been without a CEO since March 31.

The previous ⁠CEO, Bartolomeo Rongone, left ‌the ‌label earlier this year to ‌lead Italy's Moncler.

Spitzer ‌is a fragrance industry veteran.

His career includes stints at Jean Paul Gaultier, ‌Yves Saint Laurent, Christian Dior and LVMH.

He ⁠was ⁠promoted in October 2025 to lead the Fragrance business at LVMH Beauty.

Kering said Spitzer will focus on enhancing Bottega Veneta's desirability, deepening connections with clients worldwide and driving retail excellence across markets.