Paris Fashion Week Gets Back on the Catwalk after Almost Two Years Online

Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
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Paris Fashion Week Gets Back on the Catwalk after Almost Two Years Online

Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP

The city may still be deep in the throes of the Omicron surge and adapting to the latest Covid restrictions, but Paris Fashion Week will nevertheless launch Tuesday.

The industry is determined to get back on the catwalks after nearly two years during which most brands were forced to retreat online, AFP said.

Despite the complications caused by the pandemic, the fashion community is stepping out regardless. Most fashion houses are returning to live shows as the menswear week kicks off, followed immediately by haute couture shows.

Some 17 of the 76 brands of the official Paris menswear calendar -- including big names like Dior, Hermes and Rick Owens -- will be back on the catwalk, up from just six last summer.

And nearly 30 others are opting for other types of in-person event -- inviting journalists, buyers and other taste-makers to less formal gatherings around the French capital.

There will be a bittersweet taste to the first week, however, as Louis Vuitton presents the final collection from US designer Virgil Abloh, who died in November at the age of 41 after a private battle with cancer.

Such is the interest around Abloh, a close partner of Kanye West who helped break through glass ceilings for black designers, that Louis Vuitton is presenting the show twice on Thursday.

Many are also excited to see what streetwear veteran Nigo does as the new artistic director of Kenzo.

And there is hype, too, around French label Egonlab, launched two years ago with a series of arty videos and now making its first foray in the official calendar.

"To present your work alongside the big houses that greatly influenced us -- it does something to you," said co-founder Florentin Glemarec.

Nonetheless, like many fashion newcomers, Egonlab is embracing both the live and online worlds, with a line of NFTs and Metaverse digital clothing that it is developing in partnership with footwear brand Crocs.

'Caught in the crossfire'

Haute couture designers are also returning to the catwalk, with 18 of 29 houses planning live shows -- albeit with the now-common caveat that the virus might throw a last-minute spanner in the works.

Some changes have already been announced: the Sidaction charity evening to raise money for AIDS research, that traditionally marks the end of the haute couture week, has been postponed until July.

Giorgio Armani cancelled his menswear show in Milan and haute couture show in Paris over the latest surge in Covid cases.

That decision sparked a sense of deja-vu as it was the 87-year-old Italian maestro who was first to cancel his catwalk shows in the early days of the pandemic in February 2020.

"It's their choice," said Pascal Morand, head of France's Federation for Haute Couture and Fashion.

He said the federation makes several recommendations including the use of FFP2 masks, but he was happy to see brands returning to the live sphere.

"We have learned to live with the virus," he told AFP. "Digital enriches the physical, but it can't replace the emotion and sensory side of the runway shows."

Some still feel uneasy about returning to in-person events.

"I feel caught in the crossfire," said Jean Paul Cauvin, director of haute couture brand Julien Fournie, who has had to deal with the disruption of positive tests among models and workshop workers.

"We would be frustrated not to be on the catwalk, but I hope we don't create an haute couture cluster," he told AFP.



L’Oreal Shares Bounce on Third-Quarter Sales

A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
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L’Oreal Shares Bounce on Third-Quarter Sales

A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)

Shares in L'Oreal rose 4% on Friday, hitting their highest in more than two years, after the French cosmetics giant reported third-quarter sales well ahead of expectations on strong demand for premium products in China and elsewhere.

Sales from July ‌to September rose ‌7.7% on an adjusted like-for-like basis ‌to €11.56 ⁠billion ($12.95 billion), topping a ⁠consensus analyst forecast of 5.9% growth in a Visible Alpha poll, L'Oreal said late on Thursday.

The maker of Lancome creams and Prada perfumes beat estimates for growth in all regions apart from Latin America, with North Asia, which is ⁠predominantly China, significantly ahead. All of its ‌divisions apart from ‌its mass market unit exceeded expectations.

"L'Oreal, once again, beat a ‌high bar," Barclays analysts said in a note.

Analysts ‌at Jefferies called the report "an impressively strong update", highlighting a "momentum shift in China and Europe" that lifted the growth rate in its Luxe division.

The group generates ‌a third of its revenue from its luxury division, but in China that ⁠business ⁠accounts for about two thirds of its sales in the market, positioning it well for a pick-up in Chinese demand. L'Oreal says it is growing three times faster than the market in China.

Shares were up 4.4% at €431.2 ($482.60) by 0917 GMT, the highest since June 2024. The shares are up by more than 17% this year.

"We see scope for the shares to test €450 as investors increasingly recognize the durability of its superior growth profile," the Barclays analysts added.


Gucci Owner Kering Drops 12% as Luxury Braces for Tough Winter

The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
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Gucci Owner Kering Drops 12% as Luxury Braces for Tough Winter

The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)

Shares in Gucci owner Kering tumbled 12% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures, aiming for 125 by year-end.

The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war ‌in the Middle ‌East, along with China's tax crackdown on ‌the ⁠wealthy, piled further ⁠pressure on the world's biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.

Riots in Paris, leaving Louis Vuitton shop windows smashed and electric-bike bonfires near luxury shopping hub Place Vendome, threw into sharp relief the political risk faced by luxury brands not just abroad but also ⁠at home.

Shares in LVMH and Hermes were ‌also down 1% to 1.5% on ‌Friday, as crude prices hit their highest level since early May, worsening ‌the squeeze on households that has curbed consumers' ability to ‌splurge on handbags and clothes.

Gucci's decline has continued despite de Meo's plan to make the brand's prices more enticing to middle-class consumers and creative director Demna's new collections hitting stores.

"The progress made on ‌improving brand desirability remains in its very early stages," JPMorgan analyst Chiara Battistini said in a ⁠note. Gucci ⁠sales improved in wholesale, but were down 6% overall as fewer shoppers visited its stores.

While Kering struggles to execute a turnaround against a weak economic backdrop, even high-end Hermes is showing signs of slowing, with its ready-to-wear division falling 2% in the third quarter due to weak Chinese demand. Overall, Hermes reported its weakest quarterly sales growth since 2020.

Across the sector, valuations have taken a beating as investors reassess future growth prospects. After a 40% slide in share price since January 1, Hermes' valuation is its lowest since 2014, while LVMH's is at a 10-year low.


UK's Debenhams Returns to Profit after Five Years, Expects Further Cost Cuts

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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UK's Debenhams Returns to Profit after Five Years, Expects Further Cost Cuts

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

British fashion ‌retailer Debenhams , also known as boohoo, reported a profit for the first time in five years on Friday and expects further cost cuts as a turnaround plan gathers pace, said Reuters.

Here are some more details:

-The company reported pretax profit of £28.3 million ($37.89 million) for the six ‌months ended August ‌31, compared to a ‌loss ⁠of £17.9 million a year ⁠ago, its first profit before tax since August 2021.

-Expects to reduce costs related to depreciation, lease and interest in fiscal year 2028, while a new financial ⁠facility should further cut costs.

-Debt ‌to be ‌negligible by the end of the ‌year thanks to the disposal of ‌Sheffield automation and lease assignment and sale of Nasty Gal brand, the retailer said.

-The company reported steady growth ‌in September and reiterated its previous annual forecast of gross merchandise value (GMV) ⁠growth ⁠and adjusted core profit no less than £59 million.

-It expects to deliver more than £100 million in profit before tax in the medium term and become a multi-billion-pound GMV business.

-The group's turnaround plan has been focused on streamlining its operations to tackle mounting debt and slow demand at its youth brands.