Gucci’s Star-Studded Fashion Show Shines Bright in Hollywood

A model walks the runway at the Gucci “Love Parade” fashion show on Tuesday, Nov. 2, 2021, in Los Angeles. (AP)
A model walks the runway at the Gucci “Love Parade” fashion show on Tuesday, Nov. 2, 2021, in Los Angeles. (AP)
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Gucci’s Star-Studded Fashion Show Shines Bright in Hollywood

A model walks the runway at the Gucci “Love Parade” fashion show on Tuesday, Nov. 2, 2021, in Los Angeles. (AP)
A model walks the runway at the Gucci “Love Parade” fashion show on Tuesday, Nov. 2, 2021, in Los Angeles. (AP)

With stars like Gwyneth Paltrow and Serena Williams sitting in the front row, Alessandro Michele’s nostalgic clothing designs inspired by old Hollywood glam shined just as bright during a Gucci fashion show in Los Angeles.

Jared Leto and Macaulay Culkin were among the many models who calmly pranced down the Walk of Fame runway at the Gucci Love Parade on Tuesday night. It was such a splashy spectacle that the event shut down a few blocks of busy Hollywood Boulevard.

That gave the models enough room to strut out of the iconic TLC Chinese Theater before walking down both sidewalks alongside a star-studded audience that included such popular figures as Salma Hayek, Lizzo, Miley Cyrus, Lindsey Vonn, Dwyane Wade, Gabrielle Union, James Corden, Dapper Dan, Tracee Ellis Ross and Tyler, the Creator.

With his new collection, Michele brought his love for old cinematic wardrobes to life with cowboy hats, feathered gowns, faux fur coats, diamond tiaras, crop tops, wide leg pants and voluminous dresses. He offered a mixture of colors through his models who wore lavender, teal and hot pink suits along with metallic and gold gowns. Black was another color of preference.

Some models wore chunky silver platform shoes, patent leather flats and white pointy boots. Another popular accessary was face jewelry around the nose and cheekbones.

The Italian designer also featured small to plus-sized models.

“I think with fashion, you have a duty to give a voice,” Michele, the creative director of Gucci, said after the show. “I see beauty everywhere. It’s something which is organic and natural.”

Leto, who will star in the upcoming film “House of Gucci,” drew applause while he walked the runway sporting an oversized double-breasted blazer with no shirt, laced leather white pants and white boots. Culkin wore a colorful jacket with a blue Hawaiian-styled shirt, brown slacks and a white Gucci belt.

For Michele, it was a dream come true to unveil his work on the boulevard of stars, where he said holding the show reflected his “uncurbed love for the classic world.”

“It’s a bit like home,” said the Italian designer, who recalled hearing about the glitzy Hollywood scene from his mother, who worked in the film industry as an assistant at a production company.

Michele said his mother would talk about Marilyn Monroe’s diaphanous voice, Rita Hayworth’s special black satin gloves and Veronica Lake’s velvet hair. They were living on the outskirts of Rome at the time, and her stories felt like a fairy tale.

“It’s a place I love,” he said. “There are elements that are close to me and my heart. This city is an inspiration.”



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.