Starck Unveils New Dior Chair, Predicts End of Design

Philippe Starck was in Milan to present a new chair created for fashion house Dior Miguel MEDINA AFP
Philippe Starck was in Milan to present a new chair created for fashion house Dior Miguel MEDINA AFP
TT

Starck Unveils New Dior Chair, Predicts End of Design

Philippe Starck was in Milan to present a new chair created for fashion house Dior Miguel MEDINA AFP
Philippe Starck was in Milan to present a new chair created for fashion house Dior Miguel MEDINA AFP

Philippe Starck made his name making everyday objects extraordinary, but the French designer and architect believes the "dematerialization" of modern life will soon make such talents redundant.

"What is the future of design? Well, there isn't one, because you must understand that everything has a birth, a life and a death and for design it is the same," he told AFP on the sidelines of the Milan Furniture Fair.

He is here to present a new chair created for fashion house Dior, an update on Christian Dior's iconic 1947 version of the Louis XVI medallion chair, The Associated Press said.

Starck, 73, is one of the most prolific inventors of his generation, designing everything from top hotels, luxury yachts and best-selling furniture to juicers and toothbrushes.

He believes, however, that the advance of technology means talents such as his may one day become redundant.

"We make everything disappear," he said, adding: "Look at your iPhone -- the number of products it replaces, it's extraordinary.

"Before, the size of a computer -- it was a building, a suburban house, now it is embedded under the skin."

The process will reach its end, he says with a smile, when "man is naked on the beach, ultra-powerful, ultra-calculating, ultra-communicative".

- 'Say no' -

The new Miss Dior chair is made entirely in aluminium, available in black chrome, pink copper or gold, while one of the three models rather whimsically has just one armrest.

It comes two decades after Starck launched his best-selling ultra-modern plastic Louis Ghost model, also inspired by the 18th-century Louis XVI medallion chair with its distinctive oval back.

Unlike the plastic chair, however, which retailed around 350 euros (around $370), the Miss Dior costs between 1,700 and 5,000 euros.

"Chairs are an interesting exercise because they are very difficult, despite appearances... slightly easier than going to the moon but not far off," Starck quipped.

He wanted to ensure his new creation would last, so chose an "extremely solid, extremely technical material, a very ecological and totally recyclable aluminium".

Starck is a keen advocate of ecological design, dreaming up electric bikes, intelligent thermostats and personal wind turbines among his many creations.

"Ecology, above all, is saying: I want to buy this, but do I need it? If you are honest with yourself, 80 percent of the time you would say no," he said.

'Every 16 seconds'
It also means buying something "for always -- it must last".

Starck traces his pursuit of industrial minimalism to his father, who designed airplanes.

"To make a plane fly, it must be light, you have to remove everything that serves no use," he said.

He added: "All my life I've tried to find the centre of things, the sense of things, the soul of things."

He says concern for the environment can be met "by not producing" -- but he is not giving up yet.

"I have an idea every 16 seconds," he says.

He justifies making something by asking "if the object is right, if it deserves to exist, if it was made with the minimum of material and energy, if it is accessible to the maximum number of people, if it brings... happiness, laughter".

If it also allows someone to "sit down, wash, eat -- then in that case it is useful and I am proud of it," he said.



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)
TT

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
TT

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
TT

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.