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)
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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.



UK Luxury Brand Mulberry Posts 18% Rise in First-Half Sales, Shares Gain

Mulberry handbags are seen for sale in a Mulberry store in Manhattan, New York City, US, November 24, 2021. (Reuters)
Mulberry handbags are seen for sale in a Mulberry store in Manhattan, New York City, US, November 24, 2021. (Reuters)
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UK Luxury Brand Mulberry Posts 18% Rise in First-Half Sales, Shares Gain

Mulberry handbags are seen for sale in a Mulberry store in Manhattan, New York City, US, November 24, 2021. (Reuters)
Mulberry handbags are seen for sale in a Mulberry store in Manhattan, New York City, US, November 24, 2021. (Reuters)

British luxury ‌handbag maker Mulberry reported an 18% jump in first-half sales on Monday, driven by resilient demand for its heritage bags and a higher share of full-price sales, sending its shares nearly 4% higher in early trading.

The company said trading was in line with the ‌board's expectations.

Mulberry ‌maintained its medium-term ‌goals ⁠after sales for the ⁠26 weeks ended September 26 rose 18.2% in constant currency.

CEO Andrea Baldo's "Back to the Mulberry Spirit" strategy has focused on the company's British heritage and ⁠craftsmanship and growing the brand ‌with less ‌discounting.

"The growth in full-price sales is particularly encouraging, ‌demonstrating that our collections are ‌resonating with customers across our key markets," Baldo said.

Shares of the company rose as much as 7.4% ‌to 246 pence in early trade. Sales growth was led ⁠by ⁠the US, where revenue rose 28%, while sales in Europe excluding the UK increased 23%. UK sales were up 10%.

Mulberry's Christopher Kane London Fashion Week show boosted brand visibility, customer engagement and traffic across sales channels, the company said.

Final first-half results will be published on November 19.


Western Brands Under Pressure as 'Pre-owned' Luxury Booms in China

This picture taken on October 14, 2026 shows a customer browsing purses among secondhand luxury goods at the Zhuanzhuan superstore in the Jing'an District in Shanghai. (Photo by Pedro PARDO / AFP)
This picture taken on October 14, 2026 shows a customer browsing purses among secondhand luxury goods at the Zhuanzhuan superstore in the Jing'an District in Shanghai. (Photo by Pedro PARDO / AFP)
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Western Brands Under Pressure as 'Pre-owned' Luxury Booms in China

This picture taken on October 14, 2026 shows a customer browsing purses among secondhand luxury goods at the Zhuanzhuan superstore in the Jing'an District in Shanghai. (Photo by Pedro PARDO / AFP)
This picture taken on October 14, 2026 shows a customer browsing purses among secondhand luxury goods at the Zhuanzhuan superstore in the Jing'an District in Shanghai. (Photo by Pedro PARDO / AFP)

With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands.

Chinese were once massive buyers of luxury Western brands, accounting for around a third of worldwide spending and earning firms such as LVMH and Hermes billions of dollars.

But consumers' belt-tightening has forced them to rethink their strategies, with Louis Vuitton closing five stores in mainland China in the past two years -- including a chocolate boutique in Shanghai -- while Galeries Lafayette shut its Beijing flagship in May.

"People used to compare who had spent more," dance teacher Yuan told AFP at a new retail space in central Shanghai filled with luxury handbags, belts and jewelry items -- all second hand.

"But now everyone compares who got a better deal and spent less," the 24-year-old said at the two-story warehouse-style store in the center of the Chinese financial hub.

After plunging as much as 19 percent in 2024, mainland China's personal luxury market contracted another three to five percent in 2025, according to consultancy Bain & Company.

LVMH recently blamed a "slowdown in demand in China" for a drop in organic sales in the third quarter in its fashion and leather goods unit, a slump expected to be mirrored in its peers' results.

China's second-hand luxury market meanwhile exploded 15-20 percent in 2025, according to Bain & Company.

And domestic industry consultancy Insight & Info Consulting estimates total sales reached 38.4 billion yuan ($5.7 billion) in 2025, while forecasting it could top 100 billion yuan by 2030.

At the new Shanghai store Super Zhuanzhuan, shoppers have to wear black gloves to avoid their greasy fingers touching the products.

Customer Phoebe Ma, 24, said that when her mother's generation was young, China "wasn't so developed" and people were initially familiar with only a handful of luxury brands.

"Consequently, they formed a deep-seated impression that, OK, Louis Vuitton was the absolute best and most prestigious," the freelancer told AFP.

"I just feel that the [LV] monogram is dated. It suits my mother's generation, but Gen Z would rather buy trendy Korean brands," she said.

Chen Luo, head of China consumer research at Bank of America, said shoppers were moving away from associating luxury solely with social status and towards "self-identity, distinction, experience, quality, emotional value (and) cultural relevance".

"Apart from that, China's retail landscape is very digital/social media driven, and China's digital ecosystem is also very unique," Luo told AFP. "Foreign brands should work very hard to stay relevant in this context."

Adding to the headwinds for Western brands is growing cultural and legal friction.

LVMH recently successfully sued Chinese beverage chain Molly Tea for trademark infringement over a four-petal floral pattern resembling the French firm's monogram.

But the lawsuit sparked an online backlash after Chinese internet users and state media pointed out that the motif shares roots with ancient Chinese traditional patterns.

"It feels a bit absurd," said shopper Echo Wang, 31, who works in marketing.

"Molly Tea may be doing well in China, but it's nowhere near Louis Vuitton's global profile... I think some people feel the lawsuit was inappropriate," she told AFP.

LVMH management called its intellectual property "an absolute key asset", but admitted the furor had "had a negative impact".

Analysts emphasize that China remains vital for the global luxury industry.

"In our view, China will still be an important market, although it may not be a growth engine in two to three years," said Luo.

"Luxury spending is normally rebounding in sync with the economy, as usually the wealthy class will be among the first to benefit from economic recovery."


Ralph Lauren Ties Executive Payouts to AI in Sign of Retail's Shifting Priorities

A Polo Ralph Lauren vintage logo on a jacket tag at Neng Vintage, a store specializing in Polo Ralph Lauren vintage clothing in Shanghai, China, June 23, 2026. REUTERS/Go Nakamura
A Polo Ralph Lauren vintage logo on a jacket tag at Neng Vintage, a store specializing in Polo Ralph Lauren vintage clothing in Shanghai, China, June 23, 2026. REUTERS/Go Nakamura
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Ralph Lauren Ties Executive Payouts to AI in Sign of Retail's Shifting Priorities

A Polo Ralph Lauren vintage logo on a jacket tag at Neng Vintage, a store specializing in Polo Ralph Lauren vintage clothing in Shanghai, China, June 23, 2026. REUTERS/Go Nakamura
A Polo Ralph Lauren vintage logo on a jacket tag at Neng Vintage, a store specializing in Polo Ralph Lauren vintage clothing in Shanghai, China, June 23, 2026. REUTERS/Go Nakamura

Ralph Lauren, like many companies in the retail space, had until last year tied part of its executives’ compensation to a warm-and-cuddly metric known as “citizenship and sustainability.” 

But in a sign of the times, the fashion label has replaced the sustainability measure with one linking a portion of its top leaders’ annual payout to “AI metrics.” 

The company's previously unreported move eliminates sustainability targets — a hallmark of the so-called ESG movement, which urged companies to find performance measures tied to environmental and social well-being — from its short-term incentive plan. Those targets had been in place for four years. 

Instead, AI goals were added to a series of other factors, such as sales growth and operational costs, as a basis to adjust annual incentive payouts for executives. Buried in a 131-page disclosure, the shift signals an emerging push in the retail sector to hold corporate leaders accountable for AI adoption. 

A Ralph Lauren spokesperson said the AI ‌target reinforced "opportunities for ‌leveraging AI to enhance our work." 

The company's prior sustainability metrics, she added, contributed to meaningful ‌progress ⁠on its goals. "Our ⁠work in this area has matured and is now operationalized throughout our business," she said. 

Ralph Lauren is among the few publicly listed retailers that have explicitly incorporated AI into incentive plans, joining companies beyond the retail sector including Salesforce and Textron, which also replaced its ESG metric. A handful of consumer companies, including PepsiCo, have cited advancing an "AI agenda" this year as a factor in setting annual payouts for specific executives. 

Compensation advisors say more of Ralph Lauren's peers might eventually follow suit as investors seek returns on AI spending and as consumer companies turn to the technology to boost margins. 

"I'd call it an emerging practice," said Cory Morrow, a partner at Korn Ferry who leads the firm's consumer ⁠and retail practice for executive pay. 

"The hard part, when you're putting something like AI in ‌a bonus plan, is quantifying what are you really measuring," he said. "It's still relatively ‌new at this point, so companies are just getting a baseline on anything that's measurable." 

A retailer's annual incentive plan is a "messaging device" to signal ‌what's important to the company, Morrow said, adding that financial metrics like sales growth and profitability will continue to form the ‌bulk of most bonus plans. 

RISE IN AI-RELATED GOALS 

About 12% of companies in the S&P 500 index disclosed AI-related goals in their executive incentive plans this year, up from 5% of companies in 2024, according to data from the Conference Board and ESGUAGE shared with Reuters. 

In its fiscal year 2026, which ran through this March, Ralph Lauren's short-term incentive plan was for the first time "tied to critical business priorities that focus our ‌executives on AI literacy and enablement," the company said in a proxy statement filed with the US Securities and Exchange Commission in June. 

The premium apparel company has reported strong growth in recent ⁠quarters as young shoppers in ⁠Asia and North America flock to its high-end collections. It said in the June filing that it saw "strong performance of our AI metrics" in fiscal 2026, which contributed to maximum payouts for top executives. 

Retailers from apparel brands to grocery chains are increasingly using AI tools for inventory and pricing decisions, while also creating consumer-facing AI shopping assistants. The focus on AI is changing C-suite charts: Ralph Lauren added AI to its chief digital officer's title last year, and big-box chain Target appointed its first-ever chief AI officer in August. 

EARLY STAGES 

Firms in the consumer sector — which have reported sharp declines in diversity and emission-reduction metrics over the past two years — still lag in incorporating AI metrics into bonus plans, compared to sectors such as communications and finance, the Conference Board data shows. 

That makes Ralph Lauren's decision "notable" among its peers in the retail and consumer goods industry, said Matteo Tonello, the head of data benchmarking and analytics at the Conference Board. He cautioned, however, that it does not appear to indicate a sector-wide shift at this stage. 

Only 2% of public companies across sectors have incorporated AI into executive incentive structures, according to a review by compensation advisory firm Pearl Meyer of 2,500 proxy statements filed this year. 

Ralph Lauren is "probably ahead of the curve in terms of what they are doing," said Patrick Haggerty, a managing director at Pearl Meyer.