Back on The Catwalk: Live Shows Return at London Fashion Week

The shows will be a welcome sight for a country hoping to bounce back after the lifting of most Covid restrictions Daniel LEAL-OLIVAS AFP/File
The shows will be a welcome sight for a country hoping to bounce back after the lifting of most Covid restrictions Daniel LEAL-OLIVAS AFP/File
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Back on The Catwalk: Live Shows Return at London Fashion Week

The shows will be a welcome sight for a country hoping to bounce back after the lifting of most Covid restrictions Daniel LEAL-OLIVAS AFP/File
The shows will be a welcome sight for a country hoping to bounce back after the lifting of most Covid restrictions Daniel LEAL-OLIVAS AFP/File

Catwalk shows resume at London Fashion Week on Friday, after previous editions of the landmark industry event were forced online by the coronavirus pandemic.

The sight of models and audiences together again will be a welcome sight for a country hoping to bounce back after lifting most restrictions in July.

A total of 28 shows are planned over five days, featuring 131 brands, including those from well-established designers such as Britain's Edward Crutchley and Serbia's Roksanda.

But there are two notable absentees: former Spice Girl turned fashion designer Victoria Beckham, and the luxury brand Burberry.

Last September, Burberry presented its spring-summer 2021 collection with a show on the streaming platform Twitch, filmed in the middle of a forest and broadcast live.

Some designers this time round are preferring to present their latest creations by appointment only, or via videos on the Fashion Week platform.

In February, London Fashion Week was held entirely online, as the country was deep into a mid-winter virus lockdown.

The London Fashion Council (LFC) said the September shows "mark the long-awaited cultural reopening of London and brings back the global fashion industry to the UK".

The event -- one of the big four international fashion weeks alongside Paris, New York and Milan -- has previously been targeted by climate change campaigners.

Direct action groups such as Extinction Rebellion have denounced what they see as the exploitative practices of "fast fashion" and the environmental costs of production.

The LFC promised the event would partly focus on "the actions people and the industry can take to act responsibly to become changemakers and create a better world".

- Bounce back -

Among the emerging talents this year is London-based Albanian designer Nensi Dojaka, who is presenting her first ever show on Friday.

A graduate of the prestigious Central Saint Martins fashion school in London, the 27-year-old designer won the LVMH 2021 prize for young talent last week.

Following on from New York and preceding Milan, London Fashion Week is dedicated to spring-summer 2022 collections and is intended to be "gender neutral".

The British fashion industry, which employed around 890,000 people in 2019, is hoping to bounce back after suffering a slump during the global health crisis.

According to data from Oxford Economics for the Creative Industries Federation and Creative England, the sector could recover faster than the UK economy as a whole.

It estimated growth of more than 25 percent by 2025, which would contribute some £132.1 billion ($180 billion, 153 billion euros) to the UK economy -- more than £28 billion more than in 2020.

In July, Burberry announced that its first quarter sales had returned to pre-pandemic levels. However, sales in Europe continued to suffer from the lack of tourists.

Last week, the London-based French designer Roland Mouret told the Financial Times it could take his brand five years to fully recover from the impact of the pandemic.



Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
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Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters

The founding family of Italian fashion house Etro has sold the minority stake it still owned in the brand to a group of investors including Turkish group RAMS Global, the company said on Friday.

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner and "will continue to actively support the brand's long-term growth strategy," Etro added, according to Reuters.

The new investors comprise also Italian fashion group Swinger International and small private equity firm ⁠RSI.

In addition to buying the stake, they all subscribed to a capital increase that will lower L Catterton's holding in Etro to between 51% and 55% from around 65%.

When including both the acquisition and the capital increase, the deal is worth around 70 ⁠million euros ($82 million), two sources close to the matter said. Etro did not disclose financial details.

Chief Executive Fabrizio Cardinali will remain at the helm, while Faruk Bülbül, representing RAMS Global, will become chairman of the board.

L Catterton bought a 60% stake in the brand known for its paisley motif four years ago, and it slightly increased the holding over the years.

The company, founded by Gimmo Etro in 1968, has ⁠been struggling with its turnaround. Last year it posted a net loss of 23 million euros with net revenues declining to 245 million euros from 261 million euros, according to filings with the local chambers of commerce reviewed by Reuters.

Rothschild advised L Catterton and the Etro family on the deal.

Rothschild had been hired in 2024 to look for a new investor who could buy all or part of the Etro fashion group, sources had previously told Reuters.


Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
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Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo

A Paris court on Friday rejected a government request to suspend Chinese fast-fashion platform Shein in France after authorities found illegal weapons and child-like sex dolls for sale on the fast-fashion giant’s website.

Shein welcomed the decision, saying it remains committed to strengthening its control processes in cooperation with French authorities.

“Our priority remains protecting French consumers and ensuring compliance with local laws and regulations," the company said in an emailed statement to The Associated Press.

The controversy dates to early November, when France’s consumer watchdog and Finance Ministry moved toward suspending Shein’s online marketplace after authorities said they had found childlike sex dolls and prohibited “Class A” weapons listed for sale, even as the company opened its first permanent store in Paris.

French authorities gave Shein hours to remove the items. The company responded by banning the products and largely shutting down third-party marketplace listings in France.

French officials have also asked the European Commission to examine how illegal products were able to appear on the platform under EU rules governing large online intermediaries.