Balenciaga’s Gvasalia Throws Spotlight on Ukraine

Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
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Balenciaga’s Gvasalia Throws Spotlight on Ukraine

Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)

Balenciaga creative director Demna Gvasalia threw the spotlight on the war in Ukraine, recalling his personal trauma as a refugee from Georgia at his winter show in Paris.

Guests were greeted with Ukrainian flag T-shirts and a note explaining that the war had triggered the pain of trauma the designer had carried since 1993, when "the same thing happened in my home country and I became a forever refugee".

"We, as a brand, have to do something ... we cannot take weapons and go fight there, but we can use our voices," Gvasalia told Reuters in an interview after the Paris Fashion Week presentation.

His show featured models marching through a blustery, glass-encased runway with swirling snow.

It kicked off with a woman in a black cape-like dress, swinging a sac resembling a stuffed plastic garbage bag. Others followed, walking against the wind in wide-leg trousers, oversize hoodies and floral-printed outfits.

An influential designer, Gvasalia played a central role in the rise of streetwear styles and is known for powerful runway presentations.

The designer said he had spent two years in Ukraine after the war in Georgia, where he still has family, before settling in Germany. Georgia, a former republic in the Soviet Union, was plunged into civil war after the break up of the bloc in 1991.

“When you go through war, you never forget that,” said the designer, whose native language is Russian.

Earlier this week, the Kering-owned label erased all images from its Instagram feed, which counts 12.8 million followers, leaving only an image of the Ukrainian flag, explaining that the platform would be used solely for relaying information about the situation in Ukraine.

Kering on Friday announced the suspension of operations in Russia, temporarily shutting its two stores there.



Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
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Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo

Italian shoemaker Geox plans to invest about 120 million euros ($125 million) as part of an industrial plan to 2029 and has signed a five-year deal with a leading Chinese operator to expand its presence in the country.

The maker of breathable, waterproof footwear said in November it would end direct operations in the unprofitable Chinese and US markets after posting a 9.7% yearly drop in nine-month revenue globally, Reuters reported. It said it would continue its business in the two countries through local partnerships.

In addition to the investments, announced in a statement late on Monday, the group said it would extend by 24 months the medium- to long-term debt repayment plans as part of a debt refinancing agreement with creditor banks including Monte dei Paschi and the Italian units of BNP Paribas and Credit Agricole.
Geox controlling shareholder LIR, the family holding of its chairman and founder Mario Moretti Polegato, will contribute up to 60 million euros to the industrial plan, the statement said.
The shoemaker expects yearly revenues above 850 million euros by 2029, compared with 720 million in 2023, with compound annual growth rate (CAGR) of 5% in the next five years, and an EBIT (earnings before interest and taxes) margin over 7% by 2029.