Adidas Expects Operating Profit to Rise to 2.3 Bln Euros in 2026

An Adidas logo is seen at the new Futurecraft shoe unveiling event in New York City, New York, US, April 6, 2017. (Reuters)
An Adidas logo is seen at the new Futurecraft shoe unveiling event in New York City, New York, US, April 6, 2017. (Reuters)
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Adidas Expects Operating Profit to Rise to 2.3 Bln Euros in 2026

An Adidas logo is seen at the new Futurecraft shoe unveiling event in New York City, New York, US, April 6, 2017. (Reuters)
An Adidas logo is seen at the new Futurecraft shoe unveiling event in New York City, New York, US, April 6, 2017. (Reuters)

German sportswear maker Adidas on Wednesday said it expected its operating profit to increase to around 2.3 billion euros ($2.7 billion) this year, despite around a 400-million-euro impact from US tariffs and unfavorable currency developments.

Currency-neutral revenues were expected to ‌increase at ‌a high-single-digit rate in ‌2026, ⁠adding another 2 ⁠billion euros in revenue, it said in a statement, as it forecast to grow at a low-double-digit rate in North America and Greater China, among others.

It added ⁠it expected currency-neutral net ‌sales to ‌keep growing at a high-single-digit rate in ‌both 2027 and 2028, with operating ‌profit rising a mid-teens compound annual growth rate over the three-year period from 2026 to 2028.

In 2025, ‌it reported sales of 24.8 billion euros and operating profit ⁠of ⁠2.06 billion.

Management proposed a dividend increase of 40% to 2.80 euros per share for 2025.

In a separate release, Adidas proposed Nassef Sawiris as its new chairman and extended the contract of CEO Bjorn Gulden to 2030.



Stella McCartney Marks Year of the Horse with Equestrian Paris Fashion Week Show

 Models present a creation by Stella McCartney for the Women's Ready to Wear Fall/Winter 2026-2027 collection fashion show as part of the Paris Women Fashion Week, in Paris, on March 4, 2026. (AFP)
Models present a creation by Stella McCartney for the Women's Ready to Wear Fall/Winter 2026-2027 collection fashion show as part of the Paris Women Fashion Week, in Paris, on March 4, 2026. (AFP)
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Stella McCartney Marks Year of the Horse with Equestrian Paris Fashion Week Show

 Models present a creation by Stella McCartney for the Women's Ready to Wear Fall/Winter 2026-2027 collection fashion show as part of the Paris Women Fashion Week, in Paris, on March 4, 2026. (AFP)
Models present a creation by Stella McCartney for the Women's Ready to Wear Fall/Winter 2026-2027 collection fashion show as part of the Paris Women Fashion Week, in Paris, on March 4, 2026. (AFP)

Stella McCartney, known for her commitment to animal rights and sustainability, put horses at the center of her eponymous brand's Paris Fashion Week show set in a riding hall in Paris' Bois de Boulogne.

Five black horses and five white horses charged in and began performing an intricate equestrian choreography, walking in circles and weaving around each other, before the first ‌models emerged on ‌an oval catwalk surrounding the ‌sandy ⁠ring.

The winter 2026 ⁠collection continued the equestrian theme, with thigh-high riding boots, and suit trousers or jeans fashioned into stirrup pants and paired with bright preppy sweatshirts.

"There's a lot of new innovations in the show," McCartney told Reuters in an ⁠interview after the show. "Everything's plant-based, vegan, so ‌there are no ‌animal glues, there's no dead animals.

"That's why I always ‌like to sort of remind people and celebrate ‌and bring animals into the conversation," she added, saying the show also honored the Lunar New Year of the Horse.

Dresses and skirts covered ‌in plastic-free sequins featured hip bustles, pleats and bows, while multicolored crochet scarves ⁠provided a ⁠pop of color to tailored suits.

Stella McCartney, founded 25 years ago, became fully independent once more last year after McCartney bought the minority stake held by LVMH back from the luxury group.

A few seats down from Stella's father, former Beatle Paul McCartney, LVMH heir Antoine Arnault was among the front row guests at the show, seated next to his wife, model Natalia Vodianova.


Gabon Fashion Designer Brings Traditional Raffia to Paris Runways

Gabonese fashion designer Chouchou Lazare sketches a design for a dress inside his tailoring workshop in Libreville on February 9, 2026. (AFP)
Gabonese fashion designer Chouchou Lazare sketches a design for a dress inside his tailoring workshop in Libreville on February 9, 2026. (AFP)
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Gabon Fashion Designer Brings Traditional Raffia to Paris Runways

Gabonese fashion designer Chouchou Lazare sketches a design for a dress inside his tailoring workshop in Libreville on February 9, 2026. (AFP)
Gabonese fashion designer Chouchou Lazare sketches a design for a dress inside his tailoring workshop in Libreville on February 9, 2026. (AFP)

Strands of raffia dry outside in the sun at the studio of Gabonese fashion designer Chouchou Lazare, who has made a name for himself using the natural fibers to craft his award-winning garments.

The natural material derived from palm leaves -- and traditionally reserved for Gabon's nobles and village chiefs -- gained international attention on the runways of the world's fashion capital last week.

"This is raffia from Gabon, it's special, it's woven very finely, it's a textile that deserves to be shown," the self-taught designer told AFP at his workshop in the capital Libreville.

Whether braided, sewn or glued to bustiers or skirts, nearly all of Lazare's dresses incorporate raffia.

Lazare was only nine years old when he began helping out his mother with her sewing to make ends meet.

He went on to organize his first fashion show in high school and has never received formal training in fashion.

Now in his 50s -- he chooses to keep his exact age under wraps -- Lazare says he learned his craft by designing dresses for the two most important women in his life: his mother and grandmother.

"She was very tall; to me, she was like a queen," he said of his mother.

And in readying his latest collection for the show in Paris on February 28, she remained his inspiration.

"When I prepare my shows, I want to see queens, women who fully own who they are," he said.

Although the signature material is used throughout his collection, the natural fibers are never dyed.

In the central African country, raffia has special significance.

"It's a traditional fabric that is part of the spirituality of our country, that speaks to the ancestors," the designer said.

- Like 'diamonds' -

Nowadays no longer just for nobility, raffia features at Gabonese traditional weddings and Indigenous bwiti spiritual ceremonies.

"Raffia represents a natural resource to be preserved, contributing to the influence of Gabonese and African cultural heritage," the ministry of sustainable tourism and crafts said on social media earlier in the year.

But that does not mean it should only be worn by Gabonese or African people, Lazare said.

"It's for everyone," he stressed, checking whether a bunch of the fibers laid out on his balcony were dry.

In 2002, Lazare won first prize for fashion at the Saint-Etienne International Design Biennial in France.

More than two decades later, he presented his creations to French President Emmanuel Macron during a state visit to Gabon in November.

A photograph of Lazare with Macron and Gabon's President Brice Oligui Nguema now proudly hangs in his workshop, a reminder of "a great moment", he said.

While raffia may seem a familiar textile to people in Gabon, Lazare said that upon seeing the presidents' reactions to his creations, "I felt like they were diamonds."

Glittering in his "diamonds" -- a raffia-decorated hat and tunic with a gold suit jacket -- Lazare picked up an achievement award in Paris at last week's Fashion Annual Show, which for more than 25 years has been honoring African designers.

As the president of the Association of Gabonese Stylists and Creators, he is also paving the way for other designers through teaching and mentorship.

Lazare said he hoped to see raffia recognized "as a treasure for Gabon".


Fresh Starts at Gucci, Fendi and Marni Set the Tone at Milan Fashion Week

 A model wears a creation from the Gucci Fall/Winter 2026-2027 Men/Women's collection, presented in Milan, Italy, Friday, Feb. 27, 2026. (AP)
A model wears a creation from the Gucci Fall/Winter 2026-2027 Men/Women's collection, presented in Milan, Italy, Friday, Feb. 27, 2026. (AP)
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Fresh Starts at Gucci, Fendi and Marni Set the Tone at Milan Fashion Week

 A model wears a creation from the Gucci Fall/Winter 2026-2027 Men/Women's collection, presented in Milan, Italy, Friday, Feb. 27, 2026. (AP)
A model wears a creation from the Gucci Fall/Winter 2026-2027 Men/Women's collection, presented in Milan, Italy, Friday, Feb. 27, 2026. (AP)

It was a season of fresh starts and superstars across Milan Fashion Week. New creative directors shared their visions for Fendi, Gucci and Marni, while Madonna, Kate Moss and, most unexpectedly, Mark Zuckerberg lit up the runways and front rows.

Trends for the next cold-weather season from six days of runway previews that ended Sunday include suits to accompany women on back-to-work mandates and brutalist outerwear as an investment in uncertain times, with hints of feathers, (eco) fur and animal prints to lighten up the mood.

Zuckerberg caused a minor furor when he was ushered into the Prada runway show with presidential-style security. He sat next to Prada heir Lorenzo Bertelli, but the long-rumored pairing of Prada with Meta’s smart glasses was not revealed.

There was much buzz around new directions at multiple fashion houses: Gucci under Demna, Fendi under Maria Grazia Chiuri, Marni under Meryll Rogge, and Giorgio Armani under Silvana Armani, following the iconic Milanese designer’s death last September. Louise Trotter at Bottega Veneta and Simone Bellotti at Jil Sander had sophomore outings, often trickier than debuts.

A glance at five womenswear trends and buzzwords for next season:

Layering at Prada With just 15 models, instead of the usual 60 or more, Prada offered a master-class in layering, with models removing garments with each backstage pass.

Trenches, knit jackets and leather bombers gave way to long-cuffed men’s shirts, archival house coats and dresses that frayed into underlayers like sartorial archaeology, before arriving at cotton bloomers, sheer, embroidered slip dresses and bralettes.

Miuccia Prada, who designed the collection with Raf Simons, said in notes that the collection was meant to represent “layers of lives, of feeling.’’ She added backstage that it brought “minimalism and opulence together."

Prada’s self-described obsession with history was underpinned by a showroom decorated with artifacts spanning centuries: 16th-century tapestries, 18th-century Venetian mirrors and paintings from the 1900s.

Suitable suiting Back-to-work mandates are penetrating the runway, sometimes in unexpected places.

At Fendi, fur was worn over practical suiting and quarter-button collared shirts, best exemplified by front-row guest Uma Thurman.

At Jill Sander, Bellotti played with tiny, off-skew lapels contrasting with excess fabric that created volume in the back, Alice-in-Wonderland suiting that modernized the brand's minimalist aesthetic and tested the idea of whether the superfluous can be essential. Skirts had side slits that closed at the hems, while the silhouette of dresses traced a curve — detail without decoration.

Suits were in short supply at Gucci, where Demna veered dramatically from the brand's failed attempt at quiet luxury with clingy daywear and plunging crystal-encrusted evening gowns.

Fur, feathers and animal prints Fendi's designer Chiuri embraced the brand’s heritage as a furrier and leather goods maker, but with a twist: the furs were mostly upcycled, in a silent rebuff of the very noisy anti-fur demonstrators outside.

Chiuri had worked for a decade alongside the five Fendi sisters before creative director stints at Valentino and Dior.

Animal prints were glimpsed on many runways, including an eco-fur with the suggestion of a cow print at Dolce & Gabbana.

Prada featured laced-up boots fantastically covered with feathers, an antique touch that complemented beaded satin booties and pumps.

The coat game and chunky knitwear Louise Trotter said she aimed to lighten up her second Bottega Veneta outing. She embraced Milan as her inspiration, opening with a series of architectural overcoats in sturdy blue and grays that were meant to exemplify Milan’s Brutalist architecture, before an explosion of energy and color in outerwear constructed from fiberglass that shimmied kinetically with every step.

Ferragamo’s mariner twist of the season resulted in overcoats with button panels that could be twisted into new architectures. They perfectly complemented laced silken dresses underneath.

Rogge’s coed debut for Marni was youth-driven, a 1990s version of the 1970s, and her love of knitwear came through in chunky sweater jackets and retro-patterned pullovers. A luxurious short-haired fur coat with a cotton lining exemplified the brand’s high-low materials mix. Straight midi-skirts were covered with plastic sequins or mother of pearl discs that rattled like chimes.

Softness in tailoring Tod’s demonstrated how to turn leather into the softest tailoring with a seamless declination from foulard dresses to the same silhouette constructed from leather.

Silvana Armani embraced her uncle’s soft-shouldered jackets, including quilted Japanese-style jackets and colorful shearling coats. The biggest statement were the slate gray overcoats that grazed the runway with elegance.

“Working with fluidity and simplicity came naturally to me because that’s how I am,’’ she said after the show.

Footnotes While the muted color palettes and focus on basics suggest a conservative response to global turbulence, overt references to war was rare. One exception was Moschino, where designer Adrian Appiolaza included a pair of references including the graphic character Mafalda on a garment screaming: “Basta,” Italian for “Enough.”