Indian Haute Couture Presence 'Overdue', Says Designer Manish Malhotra

France's Haute Couture and Fashion Federation (FHCM) has been diversifying the labels present in Paris, inviting designers from outside Europe and the West. Kenzo TRIBOUILLARD / AFP
France's Haute Couture and Fashion Federation (FHCM) has been diversifying the labels present in Paris, inviting designers from outside Europe and the West. Kenzo TRIBOUILLARD / AFP
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Indian Haute Couture Presence 'Overdue', Says Designer Manish Malhotra

France's Haute Couture and Fashion Federation (FHCM) has been diversifying the labels present in Paris, inviting designers from outside Europe and the West. Kenzo TRIBOUILLARD / AFP
France's Haute Couture and Fashion Federation (FHCM) has been diversifying the labels present in Paris, inviting designers from outside Europe and the West. Kenzo TRIBOUILLARD / AFP

Indian designers are a growing presence at Paris Haute Couture Week -- "overdue" representation for a country that has long played a role behind the scenes, the latest newcomer, Manish Malhotra, told AFP.

Malhotra, 59, became the fourth Indian designer after Rahul Mishra, Gaurav Gupta and Vaishali S to join the official Paris calendar this week, considered the most elite stage of the global fashion industry.

The best-known European houses from Chanel to Christian Dior have long relied on Indian embroiderers and textile makers for their spectacular one-of-a-kind creations.

But Indian designers are now harnessing home-grown artisans to challenge the Parisian tastemakers in a business that traditionally served royalty, but now caters to celebrities and other global VIPs.

"I think it was long overdue," Malhotra told AFP, a day after presenting an intensely personal collection of highly structured dresses in Paris -- all a tribute to his recently deceased mother.

"India is so culturally rich in terms of texture and textile, architecture, jewels, embroidery. It has such a heritage of kings and queens.

"You know, I think it was high time," he added.

France's Haute Couture and Fashion Federation (FHCM) has been actively diversifying the labels present in Paris, inviting designers from outside Europe and the West.

Malhotra admitted to feeling nervous before his first show on Wednesday, which was entitled "Maa" and reflected Malhotra's deep bond with his mother whom he lost just three months ago.

"There's nothing bigger than Paris Haute Couture. This is the ultimate platform," he said.

While preparing, "I kept coming back to my mother's story, and at one point I said, 'you know what, Paris doesn't know me, and if they are going to know me, they have to know what I'm feeling right now'," he explained.

"And honestly, I'm still very affected by losing her."

The opening outfit was a dramatic full-length coat featuring sculptures of a boy and his mother at different life stages, while another dress featured elaborate cut-outs of a mother and boy on the front who embraced as the model moved.

Born into a middle-class family in Mumbai, Malhotra started out making costumes for Bollywood before moving into couture and bridalwear.

His decision to show in Paris underlines his growing international ambitions, having launched separate jewelry and beauty lines, as well as his first overseas boutique in Dubai in 2023.

He also became a viral sensation after this year's Met Gala having arrived wearing a jacket and cape featuring sculptural and embroidered tributes to Mumbai.

He has also dressed US superstars from Rihanna to Jennifer Lopez.

"After 35 years of working, what's the next challenge for me?" he said.

"Maybe an atelier in Paris, maybe a store in New York?"



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.


Jeweller Pandora Raises 2026 Guidance as New Designs Draw in Shoppers

A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
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Jeweller Pandora Raises 2026 Guidance as New Designs Draw in Shoppers

A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
A view of the Pandora sign on one of the branches of the Danish jewellery maker Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)

Jeweller Pandora raised its 2026 guidance for organic growth and profit margin on Wednesday, saying new designs and marketing were helping attract shoppers, and also reported second-quarter operating profit (EBIT) above analysts' expectations.

Pandora said EBIT for the April-June period came in at 1.46 billion Danish crowns ($225.35 million), against an average estimate of 1.10 billion expected by analysts in a company-compiled poll, reflecting partial refunds of previously paid ‌U.S. tariffs.

"We are ‌making progress in re-energizing Pandora's ‌growth engine," ⁠CEO Berta de ⁠Pablos-Barbier said in a statement.

"There is more work ahead, but we are moving in the right direction and raising our 2026 guidance for both growth and profitability," she added.

The company now expects organic growth at between 0% and 3% in ⁠2026, up from a previous range ‌of -1% to 2%, ‌and an operating profit margin between 22% and 23%, up ‌from 21% to 22%.

In the top job ‌since January, de Pablos-Barbier is leading a drive to release new designs, with its Pandora Wonders line - featuring pearl charms shaped like a frog, a pufferfish, or ‌a mushroom - launching in July in Paris during Haute Couture week.

Pandora's share price ⁠has ⁠been highly volatile over the past two years as the price of silver surged, prompting de Pablos-Barbier to announce in February a shift towards platinum-plated jewellery as a way of reducing its reliance on silver.

Pandora said on Wednesday it started pilot testing a limited range of platinum-plated jewellery in the Netherlands in July, and would do broader tests across markets in the fourth quarter, before scaling up the rollout next year.