Italian Fashion Pioneer Nino Cerruti Dies

Italian designer Nino Cerruti was one of the leading figures in 20th century men's ready-to-wear fashion Ralph GATTI AFP/File
Italian designer Nino Cerruti was one of the leading figures in 20th century men's ready-to-wear fashion Ralph GATTI AFP/File
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Italian Fashion Pioneer Nino Cerruti Dies

Italian designer Nino Cerruti was one of the leading figures in 20th century men's ready-to-wear fashion Ralph GATTI AFP/File
Italian designer Nino Cerruti was one of the leading figures in 20th century men's ready-to-wear fashion Ralph GATTI AFP/File

Pioneering Italian fashion designer Nino Cerruti, who introduced "casual chic" into men's fashion and in his heyday dressed Hollywood stars, has died at the age of 91.

He died at the Vercelli hospital in the northwest region of Piedmont, where he had been admitted for a hip operation, the Italian daily Corriere della Sera reported on its website.

"A giant among Italian entrepreneurs has left us," AFP quoted deputy minister for economic development Gilberto Pichetto as saying.

Cerruti, who created the first deconstructed jacket in the 1970s, was one of the leading figures in men's ready-to-wear fashion in the 20th century, with a look that was at once stylish and relaxed.

"I want men more free in their elegance, more elegant in their freedom," he once said.

Tall and slim, Cerruti always insisted on being the first to try on his creations, many of which he kept stored away at the woollen mill his grandfather founded in the northern town of Biella in 1881.

"I have always dressed the same person -- myself," he once said.

- 'Italy's chicest man' -

Born in 1930 in Biella, Cerruti dreamt of becoming a journalist.

But after his father died when he was 20, he was forced to give up his philosophy studies to take over the family textile factory.

In the 1960s, he met Giorgio Armani and hired him as a creator of men's fashion.

The duo made a profound mark on the world of fashion, before Armani branched out with his own fashion house in 1975.

On Saturday, Carlo Capasa, head of the National Chamber of Italian Fashion, mourned the passing of "Italy's chicest man".

He called the designer, often seen at his fashion shows in his signature yellow jumper, "a great innovator, a visionary creative and a forerunner of many realities today" in fashion.

"He leaves behind a great legacy: the courage to invest and believe in youth. He was the one who believed in a very young Giorgio Armani."

Armani himself told Corriere della Sera of his great sadness at the news. "Nino had a piercing gaze, a true curiousity, a capacity to dare," he said.

Cerruti opened his first shop in Paris in 1967, launching his luxury brand on the path to global fame.

"Clothes only exist from the moment someone puts them on. I would like these clothes to continue to live, to soak up life," he said.

- 'Philosopher of clothing' -

As French students rose up in revolt in May 1968, he revolutionized fashion by asking male and female models to walk down the catwalk in the same clothes.

"Trousers have given women freedom," he said.

He created his first line of women's clothing in the 1970s, a branch of the business that two decades later would account for a fifth of its revenue.

He then moved into perfumes, watches, shoes and jewelry.

The man nicknamed the "philosopher of clothing" dressed American actors Richard Gere and Robert Redford as well as French star Jean-Paul Belmondo.

He also made cameo appearances in Hollywood films "Cannes Man" (1996) and "Holy Man" (1998).

In the 1990s, his fashion house was asked to be the official designer of the Ferrari Formula 1 team.

Struggling to keep up with the highly competitive world of luxury fashion as an independent business, he sold his label "Cerruti 1881" to Italian investors in 2001. It was then taken over by a US investment fund, and then by the Chinese group Trinity.

After the sale, he returned to the family home in Biella.



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.