'We Must Go on,' Says Lebanese Designer Elie Saab after Blast

Lebanese haute couture fashion designer Elie Saab. (Reuters)
Lebanese haute couture fashion designer Elie Saab. (Reuters)
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'We Must Go on,' Says Lebanese Designer Elie Saab after Blast

Lebanese haute couture fashion designer Elie Saab. (Reuters)
Lebanese haute couture fashion designer Elie Saab. (Reuters)

It felt like an eternity rather than just a few minutes as haute couture fashion designer Elie Saab scrambled to make sure his 200 staff members, including his son, were safe when this month's massive explosion shook Beirut.

Like many Lebanese on Aug. 4 when chemicals at the port detonated, the 56-year-old felt the blast was on his doorstep.

"I saw my son covered in blood, I could not believe it. I said okay, he is wounded, but it was okay, it was just cuts to his head and arms," Saab said.

"But it was 15 minutes that felt like two days long. It was not just because it is a father and son thing, it was because we all work together like one family under one roof."

The explosion killed 178, injured 6,000 and damaged whole neighborhoods.

Saab said his main office and headquarters were badly damaged. His home a few hundred meters from the port, was gutted.

The blast destroyed the shops and ateliers of at least two other designers, Zuhair Murad and Rabih Keyrouz, himself badly injured.

Saab is no stranger to devastation. He started his label in 1982, at the height of Lebanon's 1975-1990 civil war.

The Aug. 4 blast revived those memories.

"It was the same smell, the same dust, the broken glass. Honestly, we did not want to relive this and it was not necessary," he said.

"This is a huge setback but we have to be like Beirut - every time dusting itself off and returning to the way it was," Saab said.

Saab's team plan to go back to their offices from Aug. 20 to meet a deadline for the September Paris couture show.

He also plans to rebuild his residence, with its high ceilings and arches, marble columns and Arabesque tiles. For now, rubble and dust were everywhere.

"We must go on ... It does not become us as Lebanese to give up," Saab said. "That is the doable part. But the biggest loss is the people you can't bring back."

On a table lay a record by singer Fairouz, "Lebanon Forever". It was broken in two.



Nike Says US Tariffs Will Add $1 Billion to Costs, Plans to Reduce China Production

People walk past a Nike store in New York City, US, April 2, 2025. (Reuters)
People walk past a Nike store in New York City, US, April 2, 2025. (Reuters)
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Nike Says US Tariffs Will Add $1 Billion to Costs, Plans to Reduce China Production

People walk past a Nike store in New York City, US, April 2, 2025. (Reuters)
People walk past a Nike store in New York City, US, April 2, 2025. (Reuters)

Nike expects US tariffs on imports to add around $1 billion to its costs, the sportswear giant said on Thursday, detailing how it aims to reduce its reliance on production in China and mitigate the impact.

President Donald Trump's sweeping tariffs on key trading partners have forced many retailers, including Hoka owner Deckers Brands to withdraw their forecasts as they brace for a slowdown in non-essential spending from consumers.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16% of the shoes Nike imports into the United States, chief financial officer Matthew Friend said.

But the company aims to cut the figure to a "high single-digit percentage range" by end-May 2026 by shifting production to other countries.

"We are partnering with our suppliers and our retail partners to mitigate this structural cost increase in order to minimize the overall impact to the consumer," Friend added in a call with analysts.

Nike has also already announced price increases to partly mitigate the impact of tariffs.

Nike's shares gained 11% in extended trading after the company forecast first-quarter revenue to fall in the mid-single digits, slightly better than estimates of a 7.3% drop.

The company also reported a smaller-than-expected drop in fourth-quarter revenue and beat profit estimates as CEO Elliott Hill's strategy to focus product innovation and marketing around sports begins to pay off.

Having lost share in the fast-growing running market, Nike has scaled back production of sneakers such as the Air Force 1 and invested heavily in running shoes such as Pegasus and Vomero. Friend said the running category returned to growth in the fourth quarter.

Under Hill, who joined in October last year, Nike is investing more into sport-focused marketing to regain its edge as a sports brand. On Thursday, it hosted an attempt by sponsored athlete Faith Kipyegon to run a mile in under four minutes.

Paced by other star athletes in the glitzy, live-streamed event in a Paris stadium, Kipyegon fell short of the goal but set a new unofficial record.

Nike's fourth-quarter sales fell 12% to $11.10 billion, compared with analysts' expectation of a 14.9% drop to $10.72 billion, according to data compiled by LSEG.

China continued to be a pain point, with executives saying a turnaround in the country will take time as Nike contends with tougher economic conditions and competition.

The company's inventory was flat as of May 31, compared with a year ago, at $7.5 billion.

"Nike's inventories are still too high considering the sales declines. It was a tough quarter, but this was widely anticipated," said David Swartz, analyst at Morningstar Research.