Women's Fashion Week Kicks Off in Paris

A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
TT

Women's Fashion Week Kicks Off in Paris

A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)

Paris Women's Fashion Week opens Monday with a debut show from South African brand MaXhosa Africa and a fresh collection from new-ish Canadian trendsetters Matieres Fecales, look to lift the gloom surrounding the sector.

A total of 67 catwalk shows for 2027 Spring-Summer have been planned for this Fashion Week, with dozens of other brands set to show their designs in private viewings and events around the French capital.

Industry big beasts Christian Dior and Saint Laurent will send their models out on Tuesday.

It could be a last show for Saint Laurent's Belgian designer Anthony Vaccarello, who has been the driving force behind the brand's success for the past decade but is reportedly heading for the exit.

If his departure is confirmed, he is unlikely to be the only creative director heading for the chop as label owners and chief executives look to revive their fortunes in a tough commercial environment for luxury brands.

At Balenciaga, Italian designer Pierpaolo Piccioli is reportedly in the sights of parent company Kering, having failed in the difficult task of maintaining sales levels achieved by his predecessor Demna, according to specialist blog Miss Tweed.

At Chloe, artistic director Chemena Kamali, in the job since 2023, is also being pushed towards the door over a lack of profitability, according to investigative outlet Glitz.

"There were the 'golden years' (for the sector) after Covid, a peak in 2023 and then a luxury market that stabilized," Pascal Morand, executive president of the French Haute Couture and Fashion Federation, told AFP.

"The major groups, mid-sized brands and young designers are not affected in the same way. Markets, outlets and business models are evolving," he said.

Although sales are falling for many brands, there are bright spots.

Since his arrival a year ago at the helm of Chanel, Matthieu Blazy has created a buzz and sales frenzy at the classic French label, with customers queueing outside some boutiques for his latest collections.

His Spring-Summer show takes place next Monday.

Another brand with reason for cheer is MaXhosa Africa, a luxury knitwear group founded in 2010 by textile designer Laduma Ngxokolo, who has already shown collections privately in Paris but has now been invited to join the official program.

On a mission to promote South African culture and the traditions of the Xhosa people, Ngxokolo counts Michelle Obama and Beyonce as fans.

With his first show on Monday, he will be hoping to emulate the success of Matieres Fecales, the Canadian brand which first appeared in March last year but has gone on to dress a host of celebrities and A-listers.

Its unusual name -- which means fecal matter in French -- was chosen to ensure that people who bought the brand's clothing only wanted it for the design, rather than the name on the label.

After events by Julie Kegels, Weinsanto, and Hodakova, the Matieres Fecales show at 7:00pm (1700 GMT) will bring the first day of Paris Fashion Week to a close.



Cartier-Owner Richemont Quarterly Sales Beat Estimates as Jewellery Demand Continues

 A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
TT

Cartier-Owner Richemont Quarterly Sales Beat Estimates as Jewellery Demand Continues

 A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)

Cartier-owner Richemont reported a faster-than expected quarterly sales increase on Friday, helped by continued demand for its jewellery and bumper growth in the United States and Japan.

The company, which also owns Swiss watch brands Piaget and IWC, said its sales rose by 13% when measured in constant currencies to €5.95 billion ($6.58 billion) in the three ‌months to the end ‌of September.

The figure beat analyst ‌forecasts ⁠for €5.89 billion in ⁠a consensus compiled by Visible Alpha.

Although a slowdown from the 20% growth rate in the prior quarter, the figure showed the resilience of Richemont's largely jewellery-based business and a strong performance in the United States, Japan and Europe, where sales ⁠increased by 15% or more.

The Swiss-based ‌company, which makes ‌brooches, earrings and necklaces under the Cartier, Buccellati, Van Cleef & ‌Arpels and Vhernier brands, has bucked the trend ‌in a struggling luxury industry thanks to its higher exposure to jewellery, with its jewellery brands accounting for about 75% of its revenues.

Sales of Richemont's jewellery ‌unit grew 14% in the quarter, while those of its specialist watchmakers division ⁠rose ⁠12%.

The company, which does not report quarterly earnings, said its first-half net profit improved to €2.53 billion from €1.81 billion a year earlier, ahead of analyst forecasts for €2.26 billion.

"The group delivered a strong first half, carried by sustained excellent performance of our Jewellery Maisons, robust growth at our specialist watchmakers and solid momentum at our fashion and accessories Maisons, despite a challenging fashion market," Richemont Chairman Johann Rupert said in a statement.


Frasers Executive David Epstein Becomes Hugo Boss CEO after Takeover

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
TT

Frasers Executive David Epstein Becomes Hugo Boss CEO after Takeover

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo

Hugo Boss said on Thursday CEO Daniel Grieder would step down and leave the company at his own request, effective January 1, 2027.

The German fashion group said David Epstein from Frasers Group will ⁠succeed him as ⁠CEO, Reuters reported.

Frasers Group, already Hugo Boss's largest shareholder, took majority control of the company in October after raising its stake above 50%, months ⁠after an unsuccessful 2 billion euro takeover bid.

The move follows a series of leadership changes at Hugo Boss this year. In September, the company named Michael Murray, chief executive of Frasers Group, as chairman of its supervisory board.

The British retailer, ⁠controlled ⁠by billionaire Mike Ashley, has been expanding its presence in the premium and luxury segments.

Epstein has served as chief brand partnerships officer at Frasers Group since 2024, overseeing brand partnerships across its Sport, Premium, and Luxury businesses.


Burberry Returns to First-half Profit on Turnaround Plan

© Adrian DENNIS / AFP
© Adrian DENNIS / AFP
TT

Burberry Returns to First-half Profit on Turnaround Plan

© Adrian DENNIS / AFP
© Adrian DENNIS / AFP

Burberry returned to profit in its first half, the British luxury fashion label said Thursday, thanks to progress in its cost-cutting plan launched two years ago.

Net profit stood at £6 million ($8 million) in the six months to the end of September, compared with a loss of £26 million a year earlier, Burberry said in an earnings statement.

Revenue rose six percent to £1.1 billion, and the company's shares jumped more than seven percent in early deals on the London stock exchange, AFP said.

Burberry began a turnaround plan at the end of 2024 aiming to boost sales and cut costs as the global luxury sector suffers from weaker demand in China.

Under chief executive Joshua Schulman, Burberry has refocused on its staple outerwear, including its famed trench coats, in a bid to improve its fortunes.

Comparable retail sales grew four percent in the first half, lifted by sales in its key China market and in the Americas.

"The CEO is now over two years into his tenure and has injected a breath of fresh air into the brand's fortunes," said Richard Hunter, head of markets at Interactive Investor.

He said the company's "strategy is gaining momentum as the brand increasingly resonates with the Gen Z cohort", while noting "the transformation is still in its early stages, and that of course the fashion industry can be a fickle business."

China is a key market for the luxury sector, but as the country's post-pandemic recovery continues to struggle, consumption has flagged, sending jitters across the globe.