Unique Expo Places Saint Laurent among Paris Treasures

A portrait of the late designer with Madison Cox, president of the Yves Saint Laurent-Pierre Berger Foundation. STEPHANE DE SAKUTIN AFP
A portrait of the late designer with Madison Cox, president of the Yves Saint Laurent-Pierre Berger Foundation. STEPHANE DE SAKUTIN AFP
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Unique Expo Places Saint Laurent among Paris Treasures

A portrait of the late designer with Madison Cox, president of the Yves Saint Laurent-Pierre Berger Foundation. STEPHANE DE SAKUTIN AFP
A portrait of the late designer with Madison Cox, president of the Yves Saint Laurent-Pierre Berger Foundation. STEPHANE DE SAKUTIN AFP

Tucked away like Easter eggs in the most prestigious Paris museums, a unique commemoration of designer Yves Saint Laurent cements his status among the greats of French cultural history.

"I am utterly eclectic," the designer once said, and the point is proven by how easily his clothes fit into museums covering very different eras and artistic styles.

In the Apollo Gallery of the Louvre, alongside the crowns and jewels of French kings and queens, the almost absurdly ornate "Versailles jacket" covered in gold leaves and rock crystals, looks perfectly at home, AFP reportedly.

The Louvre is one of six museums taking part in the unique collaboration to mark 60 years since the designer's first catwalk show, when he was 26.

Head across town to the Centre Pompidou, France's mecca for modern art, and you find a very different Saint Laurent on display.

Dresses in the abstract styles of Piet Mondrian, Sonia Delaunay and US pop artists hang alongside the portraits that inspired them.

Saint Laurent was often ahead of the game: his Mondrian collection came out to rave reviews in 1965, four years before the Dutch artist, who died in 1944, had his first career retrospective at the Orangerie Museum.

"It was precisely that moment when fashion changed and started to become an art in its own right," said Aurelie Samuel, of the Yves Saint Laurent Museum, which is displaying some of his drawings as part of the city-wide exhibition, which runs until May.

His creations have also been snuck into the Orsay, Picasso and Contemporary Art museums.

- 'Something different' -
It is not the first time that Saint Laurent, who died in 2008, has been granted the imprimatur of the art establishment.

As early as 1983, barely two decades after his first show, he became the first living designer to have his work presented in a major art institution -- at the Metropolitan Museum in New York.

The Petit Palais in Paris put on a career retrospective in 2010.

"The house has already done so many anniversaries. I wanted to do something different," said Madison Cox, president of the Pierre Berge-Yves Saint Laurent Foundation.

Many of the influences were made explicit by Saint Laurent at the time -- others have been chosen for how well they play off each other.

They include the dresses he made for the "Proust Ball", one of the most decadent social events of France in the last century, organised by the Rothschild family to mark the author's 100th birthday.

Those dresses are now on display alongside Belle Epoque masterpieces by Monet, Degas and Renoir on the top floor of the Orsay Museum.

"It would have been boring to just find an empty space, throw up some scenery and fill it with his clothes," said Cox. "It was important to integrate them into permanent collections."



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.