Christian Dior Hosts Live, Audience-free Fashion Show

FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
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Christian Dior Hosts Live, Audience-free Fashion Show

FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls
FILE:Creations on display during a photocall for the "Christian Dior: Designer of Dreams" exhibition at the Victoria & Albert (V&A) Museum in London, Britain January 30, 2019. REUTERS/Henry Nicholls

Christian Dior hosted a live but audience-free fashion show on Wednesday in the Italian city of Lecce, in a dazzling celebration of local crafts and traditions that included a dance spectacle in the middle of the baroque main square.

Luxury labels are tentatively returning to the catwalk after the coronavirus pandemic, and Dior streamed the show live without the usual array of celebrities in the front row.

But the French brand upped the ante by staging an extravanga with a live orchestra and dancers performing a modern take on a traditional tune, while models wound their way through a gallery of lights called Luminarie in Lecce’s Piazza del Duomo.

Outfits in the so-called “Cruise” collection included embroidered dresses with firework patterns, in a nod to Italian folklore, while artist Pietro Ruffo’s wildflower drawings were translated onto colorful dresses.

Dior’s Italian creative chief Maria Grazia Chiuri said she had sought to showcase the craftmanship of the Puglia region - her father’s homeland - and help it endure by casting it in a fresh light, Reuters reported.

“I understood in this process where my passion and my origins are from and why I am so attracted to this type of work, this embroidery, this tradition,” Chiuri told Reuters in an interview.

“I saw my grandmother, my aunts, women used to sit outside their homes and create this beautiful work.”



Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
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Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)

The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers.

Fast Retailing's operating profit in the 12 months through August likely rose 24% from a year earlier to 478.3 billion yen, based on the average of 15 analyst estimates compiled by LSEG ahead of the company's earnings on Thursday.

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half.

Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick.

"Investor attention will turn to whether Fast Retailing's measures in Greater China successfully reverse the earnings decline caused by weak consumer sentiment and increased competition," Chadwick wrote on the Smartkarma platform.

With more than 900 stores in China, Fast Retailing has long been seen as a bellwether for the retail sector in the world's second-biggest economy. COVID restrictions weighed on results there for years, but now the challenge is a sluggish economy that has weighed on consumer confidence.

Greater China CEO Pan Ning acknowledged in July that the market is maturing, with the company scaling back store openings and adopting a scrap and build strategy for underperforming locations.

When COVID lockdowns depressed sales in China, the company focused more on expansions in North America and Europe. Both sectors delivered strong sales and profits through the first nine months of fiscal 2024.

Company founder Tadashi Yanai aims to make Fast Retailing the world's biggest fashion retailer, with the operators of Zara and H&M standing in the way. He believes consumers are more focused on value than luxury in a post-COVID world, a trend that works in Uniqlo's favor.

Yanai, Japan's richest man, is scheduled to speak at the company's earnings briefing on Thursday, as well as Uniqlo president Daisuke Tsukagoshi, whom Yanai has spoken of as a possible successor.

Fast Retailing's shares have climbed 43% so far in 2024, outperforming a 16% advance in the benchmark Nikkei index.