Valentino’s 'Fireflies' by Alessandro Michele Puts 70s Silhouettes in Paris Spotlight

A model wears a creation as part of the Valentino Spring/Summer 2026 collection presented in Paris, Sunday, Oct. 5, 2025. (AP Photo/Aurelien Morissard)
A model wears a creation as part of the Valentino Spring/Summer 2026 collection presented in Paris, Sunday, Oct. 5, 2025. (AP Photo/Aurelien Morissard)
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Valentino’s 'Fireflies' by Alessandro Michele Puts 70s Silhouettes in Paris Spotlight

A model wears a creation as part of the Valentino Spring/Summer 2026 collection presented in Paris, Sunday, Oct. 5, 2025. (AP Photo/Aurelien Morissard)
A model wears a creation as part of the Valentino Spring/Summer 2026 collection presented in Paris, Sunday, Oct. 5, 2025. (AP Photo/Aurelien Morissard)

Against strobe lights that suggested seediness more than spectacle, Alessandro Michele sent out “Fireflies,” a Valentino collection that showed restraint where once there was riot. Prim ’70s silhouettes — bows, ruching, velvet skirts — set a mood at Paris Fashion Week of controlled nostalgia.

The high point was a draped gold gown with a feathered white collar, evoking myth and Valentino’s Roman past, The Associated Press reported. A polka-dot shirt, satin skirts split with bright yellow panels, and occasional colorblocking kept the eclectic spirit alive, though without the exuberant force Michele has deployed before.

That was the story of the show: less spectacle, more editing. Where Michele’s early collections for the house, and his Gucci tenure before that, thrived on sheer overload — tassels, turbans, ruffles, references piled high — here he cut cleaner lines and pared styling back. The result felt more wearable, but also less astonishing.

Valentino’s identity is rooted in beauty and polish. Under founder Valentino Garavani, the house meant jet-set elegance and “Valentino red.” Under designer Pierpaolo Piccioli, it leaned into couture-like refinement. Michele entered with a different tool kit: maximalist nostalgia, gender-fluid styling, and deep archive mining. He has said the job is to “manipulate the past to make it now,” balancing modern maximalism with relevance so the brand doesn’t freeze in time.

His first seasons made that clear. Last year's return came stacked with bows, ruffles, tassels, turbans and lavish embroideries; accessories were “to the hilt,” and the casting and sets were theatrical. The January couture debut went further — crinolines and panniers, Fellini-style Roman notes, and a long list of old-Hollywood and ecclesiastical references. It proved range, but also raised the risk of costume.

Michele has also tried to ground the house in daily wear: tweed pants, V-neck knits, faux-fur jackets, and even a Vans collaboration sat beside porcelain-kitty clutches and cat-face dresses. That split — wardrobe vs. wonder — is the tension he keeps trying to solve.

By contrast, “Fireflies” looked almost cautious. It captured Michele’s instinct for eclecticism, but in a neater, safer key. This wasn’t the shock of the new or the ecstasy of his earlier showings. Instead, it was a quieter chapter, proof that Michele is capable of restraint.



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.