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.



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
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Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
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Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters

The founding family of Italian fashion house Etro has sold the minority stake it still owned in the brand to a group of investors including Turkish group RAMS Global, the company said on Friday.

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner and "will continue to actively support the brand's long-term growth strategy," Etro added, according to Reuters.

The new investors comprise also Italian fashion group Swinger International and small private equity firm ⁠RSI.

In addition to buying the stake, they all subscribed to a capital increase that will lower L Catterton's holding in Etro to between 51% and 55% from around 65%.

When including both the acquisition and the capital increase, the deal is worth around 70 ⁠million euros ($82 million), two sources close to the matter said. Etro did not disclose financial details.

Chief Executive Fabrizio Cardinali will remain at the helm, while Faruk Bülbül, representing RAMS Global, will become chairman of the board.

L Catterton bought a 60% stake in the brand known for its paisley motif four years ago, and it slightly increased the holding over the years.

The company, founded by Gimmo Etro in 1968, has ⁠been struggling with its turnaround. Last year it posted a net loss of 23 million euros with net revenues declining to 245 million euros from 261 million euros, according to filings with the local chambers of commerce reviewed by Reuters.

Rothschild advised L Catterton and the Etro family on the deal.

Rothschild had been hired in 2024 to look for a new investor who could buy all or part of the Etro fashion group, sources had previously told Reuters.