Local Fabrics, Fibers Shine at Eco-centered Lagos Fashion Week

Abasiekeme Ukanireh, founder of Nigerian brand of Eki Kere, is known for incorporating raffia into her designs. OLYMPIA DE MAISMONT / AFP
Abasiekeme Ukanireh, founder of Nigerian brand of Eki Kere, is known for incorporating raffia into her designs. OLYMPIA DE MAISMONT / AFP
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Local Fabrics, Fibers Shine at Eco-centered Lagos Fashion Week

Abasiekeme Ukanireh, founder of Nigerian brand of Eki Kere, is known for incorporating raffia into her designs. OLYMPIA DE MAISMONT / AFP
Abasiekeme Ukanireh, founder of Nigerian brand of Eki Kere, is known for incorporating raffia into her designs. OLYMPIA DE MAISMONT / AFP

Four days ahead of her show at Lagos Fashion Week, the sewing machines at Abasiekeme Ukanireh's workshop were still buzzing.

Ukanireh, the founder of the popular Nigerian brand Eki Kere, met with models and tailors for the final preparations ahead of one of Africa's biggest fashion events, which ran through Sunday.

On the agenda: local materials, upcycling and African craftsmanship.

"Every single year for a brand, for me, as a designer, I always try to take it a step further in terms of being sustainable," Ukanireh, 35, told AFP.

Sustainability -- long both a bugbear and a buzzword in the fashion industry -- was a key feature of this year's Lagos Fashion Week, with designers from across the continent tapping into everything from traditional fabrics to banana fiber and coffee grounds.

Launched in 2020, Ukanireh's brand is known for its use of raffia, a grassy fiber from palm trees used in everything from thatched roofs to trendy bags.

This year, she played up the use of indigo and dyes made from kola nuts -- though she hadn't forgotten her raffia roots.

During her show Sunday, dozens of models walked the runway wearing outfits inspired by traditional wedding ceremonies in Ikot Ekpene, a historic town popularly known as "Raffia City" in southern Akwa Ibom state, where Ukanireh hails from.

The traditional wedding lace was swapped for cardboard, linen and raffia -- which is 100 percent biodegradable and compostable.

In 2018, the Lagos Fashion Week founder Omoyeni Akerele and her team launched Green Access, an incubator program that identifies, trains and supports young African designers.

"Even though sustainability is at the core of their design practice, it is to encourage them to even be more sustainable by rethinking their choices at every stage of the creative process, and understanding that it begins with materials," Akerele said.

Lagos Fashion Week also hosts what it calls "Swapshop" events, which allow people to exchange clothes they no longer wear for new ones.

"We all have clothes at home that we no longer wear," said 43-year-old businesswoman Danielle Chukwuma, who has attended several editions of the show.

"It's great to be able to swap them with people as stylish as those attending this kind of event."

Apart from Nigerian brands, Chukwuma has also discovered other African talents, including the Indian-Kenyan designer Ria Ana Sejpa of the brand LilaBare.

This year was Sejpa's third appearance at Lagos Fashion Week.

"Lagos is the fashion capital of Africa," she told AFP. "Fashion is a part of the culture here. People take pride in the way they dress, they love to stand out, and they aren't afraid to be fearless or glamorous."

The 34-year-old designer is known for making clothes from pineapple fiber, banana fiber and coffee grounds.

"It is essential to take into consideration your ecosystem, the strengths of the environment and the people around you, and to make conscious decisions at every step of the fashion creation process," Sejpa said.

31-year-old Florentina Hertunba, who is making waves with her brand Hertunba, shared the same view.

She said she incorporates traditional Nigerian fabrics such as aso oke and akwete as well as other locally available materials into her designs and uses biodegradable packaging to cut down waste.

"This piece is recycled," the young designer explained, pointing to a patterned black dress in her Lagos studio. "An old fabric was transformed into sewing thread and then reused to create it."

But for her, sustainability is only sustainable if consumers join the movement.

"One of the greatest dangers is this culture of overconsumption, where we constantly buy new clothes for every occasion," she told AFP. "Sustainable fashion is making progress, but overconsumption is too."



Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
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Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)

Estee ‌Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained spending on premium fragrances and strong performance in key markets such as China, reflecting persistent gains from its CEO's turnaround strategy.

Resilient spending by affluent ‌and younger ‌customers, especially on trendy ‌items, ⁠has helped boost ⁠demand for the cosmetics maker's luxury fragrances and skincare products such as Le Labo and Balmain Beauty.

To sustain that momentum, Estee ⁠has accelerated premium product launches, ‌streamlined ‌supply chain and ramped up investments in ‌innovation and marketing under ‌CEO Stephane de La Faverie's "Beauty Reimagined" strategy.

The Clinique and M.A.C owner, whose merger conversations with Jean ‌Paul Gaultier-owner Puig collapsed in May, expects 2027 adjusted ⁠earnings ⁠per share in the range of $3.10 to $3.35, with its midpoint above analysts' average estimate of $3.18 per share, according to data compiled by LSEG.

The company's quarterly sales of $3.63 billion were also ahead of the estimate of $3.54 billion.


Shein Eyes Company Valuation of Around $25 Billion in Hong Kong IPO

FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
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Shein Eyes Company Valuation of Around $25 Billion in Hong Kong IPO

FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa

Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business conditions.

Singapore-headquartered Shein, known for selling $5 ⁠dresses and $10 jeans to ⁠shoppers in about 160 countries, is aiming to launch its much-awaited initial public offering later this week, Reuters has reported.

One of ⁠the three sources said that the company, which was founded in China in 2012, was looking at a valuation of between $25 billion and $28 billion based on the marketing price band for the offering.

The sources declined to be ⁠named ⁠as they were not authorized to speak to the media ahead of a public announcement of the deal terms. A spokesperson for Shein did not immediately respond to a Reuters request for comment.


Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)
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Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)

Birkenstock raised its full-year sales growth forecast on Wednesday, banking on resilient full-price demand for its premium sandals from affluent shoppers.

Shares of the German sandal maker were up ‌7% in ‌premarket trading.

A pullback in ‌US ⁠discretionary spending has ⁠weighed on much of the apparel and footwear sector, but brands such as Birkenstock catering to wealthier consumers have largely held up, benefiting from ⁠strong pricing power and ‌brand loyalty.

While ‌the Middle East conflict continues ‌to create uncertainty in the Gulf ‌region, the impact on the quarter was more contained than initially anticipated, the company said.

It now ‌expects fiscal year 2026 revenue growth of 15% ⁠on ⁠a constant currency basis, compared with its earlier forecast of a 13% to 15% rise.

The company posted third-quarter revenue of 719.5 million euros ($829.08 million), compared with analysts' estimate of 713.4 million euros, according to data compiled by LSEG.