Hermes Plays with Depth in Surrealist Paris Show

A model wears a creation for the Hermes Spring-Summer 2021 fashion collection, Saturday, Oct. 3, 2020, during Paris fashion week. (AP)
A model wears a creation for the Hermes Spring-Summer 2021 fashion collection, Saturday, Oct. 3, 2020, during Paris fashion week. (AP)
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Hermes Plays with Depth in Surrealist Paris Show

A model wears a creation for the Hermes Spring-Summer 2021 fashion collection, Saturday, Oct. 3, 2020, during Paris fashion week. (AP)
A model wears a creation for the Hermes Spring-Summer 2021 fashion collection, Saturday, Oct. 3, 2020, during Paris fashion week. (AP)

Hermes headlined Saturday’s installment of Paris Fashion Week with a cinematic, surrealist runway staging, but the lack of celebrities attending and the patchy drizzle put a slight dampener on the usually high-octane events.

Like Milan before it, Paris is undertaking an unusual fashion season for Spring-Summer 2021 because of the coronavirus pandemic. The nine-day calendar is flitting between 16 ready-to-wear runway collections with masked guests in seated rows, 20 in-person presentations and several dozen completely digital shows streamed online with promotional videos.

Some of Saturday's highlights:

Hermes
Prints of Greco-Roman goddess sculptures adorned columns marking out Hermes' labyrinthine show, while mirrors around the set reflected parts of their marble limbs. The creative presentation referenced surrealists Salvador Dali and Jean Cocteau, evoking a sense of magic, mystery and depth.

Depth was indeed the key theme for minimalist designer Nadège Vanhee-Cybulski, but the magic and mystery were sometimes missing in the clothes. Shimmering metallic mesh came as an outer layer on pared-down undergarments in dark and muted hues.

In one LWD (Little White Dress), the gold meshing resembled kinky chainmail and felt very 1990s. Elsewhere, the play on depth continued as the sides were scooped out of an ethnic-looking brown dress to expose the model's skin.

It was, on the whole, a low-energy collection. Still, individual garments were high in sophistication, especially those with layered paneling. One coat in old rose had a chic rolled-up collar that riffed on aviation attire.

Altuzarra is sophisticated
Tailoring, ruching, draping and layering were the winning formula for Paris-born designer Joseph Altuzarra in his refined-looking Spring-Summer fare. A Chinese white tunic-gown that was loose and open-necked had an angelic quality. Delicacy was in evidence in the minimalist black cord that tied the garment's waist.

A gathered gown in camouflage green had sweeping panels of gathered fabric at the skirt that evoked a goddess in the wind. It was, the house said following the show, inspired by the windswept sci-fi movie “Dune.”

The best looks were also ones in which the designer, who has a Chinese, American and French background, mixed up cultural references. A silver Western trench coat was fashioned in voluminous proportions and layers, and its lower part had the feel of a Samurai hakama (skirt-like pants) with an Obi belt.

Altuzarra has shown versatility in his over ten years of collections that have switched from the bright and joyful, to more refined and couture-infused, designs. On Saturday, it was a mixture of both.

Ester Manas loves everyone
Ester Manas is a brand that has been making ripples at Paris Fashion Week in recent seasons with a body positive approach that is, sadly, all too rare. The design duo at the helm -- French-born Ester Manas and Belgian-born Balthazar Delepierre -- said that their Saturday presentation “has been inspired by real women, regardless of their sizes, colors or shapes.”

The show, entitled “Superhuman,” featured relaxed looks with loose proportions and flashes of design fun. A plus-sized model rocked a vermilion red knit dress with cleavage, split leg and peekaboo holes at a midriff adorned with a large heart. Plus-size is sexy and we love it: The loud and clear message was delivered.

There was also some design flair, such as a loose marigold yellow pantsuit with a gargantuan fun peplum. Wearable was this season’s priority.



Hermes Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6% 

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
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Hermes Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6% 

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)

Birkin bag maker Hermes signaled a slight improvement in key market China as it reported a 9.6% rise in third quarter sales on Wednesday, outpacing peers as rich shoppers splashed out on its $10,000 handbags.

The cautiously optimistic comments on Chinese shoppers, accounting for roughly a third of global luxury sales, came after other major players, including LVMH and L'Oreal, flagged a similar uptick.

"One could note a very slight improvement in the third quarter" in greater China, finance chief Eric de Halgouet told journalists on a call, pointing to a stabilization of real estate prices in large cities and positive stock market trends.

Sales for the three months to the end of September came to 3.88 billion euros ($4.52 billion), up 9.6%, roughly in line with analyst expectations for 10% growth, according to a Visible Alpha consensus cited by UBS.

Sales of leather goods, which include its classic Birkin, Constance and Kelly handbag models and account for nearly half of annual sales, were up 13.3%.

Hermes, which maintains tight control of production - a steady pace of 6-7% per year, frustrating shoppers who sometimes have to wait months for a handbag - has weathered the prolonged luxury downturn better than other fashion houses.

High-end fashion brands have been grappling with weaker demand in key market China, which has been hit with a property crisis and volatility in the United States as trade wars flare up.

LVMH's sales report last week prompted an $80 billion rally in luxury shares on hopes the industry has turned the corner in China, but analysts caution it is early to call an end to the industry's two-year slump.


L'Oreal Misses Forecasts with 4.2% Growth in Third-Quarter Sales

The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. (Reuters)
The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. (Reuters)
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L'Oreal Misses Forecasts with 4.2% Growth in Third-Quarter Sales

The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. (Reuters)
The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. (Reuters)

France's L'Oreal, the world's largest cosmetics and beauty player, posted a 4.2% rise in third-quarter sales on Tuesday, in an acceleration from the prior quarter, but missing forecasts after weaker-than-expected growth in the Americas.

The group, which makes CeraVe creams and Valentino perfume, said sales from July to September were 10.3 billion euros ($12.01 billion), up 4.2% on a like-for-like basis from a year earlier but undershooting the 4.9% growth forecast in a Visible Alpha consensus cited by Jefferies.

Underlying growth, after removing the impact of phasing in a new IT system, was 4.9%, the company said.

L'Oreal has experienced slower sales growth in recent quarters, after post-pandemic inflation eased in Western markets and consumers in China curbed spending and switched to local brands in response to concerns about the economy.

The Paris-based group said, however, growth accelerated in all divisions, with China turning positive for the first time in two years and posting a single-digit rise, helped by a recovery in luxury beauty.

Sales in North America grew 1.4% in the quarter, less than expected, however, and overall sales were below global beauty market growth, which analysts estimate to be around 5%.

CEO Nicolas Hieronimus said in a statement he was confident the company would continue to outperform the global market.

The group has said it is increasing its focus on innovation and on acquisitions to drive sales in the fastest-growing beauty categories.

On Sunday, it said it had agreed a $4.7 billion deal with luxury group Kering to acquire its beauty business, including the rights to Gucci on expiry of the current license agreement with smaller peer Coty.

In June, it agreed to buy premium skincare line Medik8 and US haircare brand ColorWow.


Adidas Raises Full-Year Profit Outlook as It Partly Mitigated US Tariffs

Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
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Adidas Raises Full-Year Profit Outlook as It Partly Mitigated US Tariffs

Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)

Germany's Adidas on Tuesday raised its operating profit guidance for the full year, saying it successfully mitigated part of the extra costs caused by higher US tariffs.

The maker of sports gear predicted a 2025 operating profit of about 2.0 billion euros ($2.3 billion), up from a range of 1.7 billion to 1.8 billion euros it had previously projected, thanks to a better-than-expected business performance.

Adidas had previously said it may hike prices in the US to pass on some of the cost of tariffs on imports, which it estimated would add around 200 million euros ($233.24 million) to its costs in the second half.

Adidas said third-quarter revenues increased by 12% in currency-neutral terms, and its operating profit increased to 736 million euros from 598 million euros in the same period last year.

Adidas is set to report full third-quarter results on October 29.