Olympian Marcell Jacobs Takes Fashion Break with Dsquared2

A model wears a creation as part of the Dsquared2 men's Spring Summer 2023 collection presented in Milan, Italy, Friday, June 17, 2022. (AP Photo/Luca Bruno)
A model wears a creation as part of the Dsquared2 men's Spring Summer 2023 collection presented in Milan, Italy, Friday, June 17, 2022. (AP Photo/Luca Bruno)
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Olympian Marcell Jacobs Takes Fashion Break with Dsquared2

A model wears a creation as part of the Dsquared2 men's Spring Summer 2023 collection presented in Milan, Italy, Friday, June 17, 2022. (AP Photo/Luca Bruno)
A model wears a creation as part of the Dsquared2 men's Spring Summer 2023 collection presented in Milan, Italy, Friday, June 17, 2022. (AP Photo/Luca Bruno)

Caught between the pandemic and war in Europe, Milan luxury fashion designers on Friday open four days of mostly menswear previews for next spring and summer in a challenging economic climate.

Runway shows have mostly returned to live format with pre-pandemic tight seating, but a longed-for return to normal has once again been delayed, The Associated Press reported.

Russia’s invasion of Ukraine has pushed up energy and raw materials prices, threatening a growth trajectory that saw revenues top pre-COVID levels in the first half of this year. Despite the uncertain outlook, the industry is forecasting sales of 92 billion euros, a 2% increase over pre-pandemic levels posted in 2019 and 10% higher than 2021.

“We are positive but realistic, and a lot will depend on what happens in the world,″ said Carlo Capasa, president of the Italian National Fashion Chamber.

Here are some highlights from Friday’s launching of a slightly curtailed fashion week of some 25 runway shows:

DSQUARED2 RIDING THE WAVES

“Waves come in seven, and we’re on No. 3,” said Dean Caten backstage after he and twin brother Dan presented their latest collection for their Milan label, Dsquared2. “We have all kinds of waves. We can have some happy waves, I hope.”

The Canadians presented an upbeat vision in their Spring-Summer 2023 collection, which took inspiration from a Bob Marley mish-mash of 1970s hippies and surfers.

The menswear collection gave lots of room for personal expression, from floral sarongs to linen trousers, studded leather jackets to neoprene tops, loose light beach trunks to flowing anoraks. Suit jackets found a place layering over loose parachute pants. Patterns and colors clashed happily, as soothing aqua azzurra was set off by neon salmon, fading to pastels.

“It’s very powerful, very peaceful. I think in these times we need to just share the love There are too many negative things around us. And the 1970s was peace and love,” Dean said.

Looks were layered with beads, topped with knit caps or wide-brimmed beach hats, while footwear ranged from thick sandals with slouchy socks to colorful docksiders and hiking boots.

In the Dsquared2 beach world, shirts are optional, as Italian Olympic sprinter Marcel Jacobs demonstrated in the front row with his tattoos peeking out from beneath a leather jacket. Backstage, he took it off briefly to show off some of his latest tattoos: Mount Fuji and Japanese temple on his left arm in honor of the Tokyo Games where he won gold.

“Tomorrow I am back at training. Now, I am taking time to enjoy myself,” said Jacobs, who plans to leave next week for the United States, where he is scheduled to compete in the World Athletics Championships in Eugene, Ore., from July 15-24.

The Texas-born Jacobs said he always had a love of fashion growing up in Italy, and is well known for sporting necklaces and bracelets when he races.

“I have always paid attention to every detail, and to special pieces. I try to put my style on everything, even when I race,″ he said.

BILLIONAIRE OFFERS FLASHY, UNAPOLOGETIC FASHION

Philipp Plein returned to Milan with his Billionaire brand aimed at men who don’t look at price tags, but at quality.

’’Billionaire is a strong name, which wasn’t started by me, but we took it over completely,” Plein said at the Spring-Summer preview for the brand at the Four Seasons Hotel. “We see big demand in this segment of luxury menswear.”

Plein took the bold move of buying out his partners, including the brand founder and former Formula One manager Fabio Briatore, to take full control during a strategic and creative relaunch from the pandemic blow.

The new collection is for colorful dandies, the sort who would swarm to the Great Gastby’s Long Island mansion, or to a yacht party in Portofino, on the Ligurian Riviera.

The Billionaire models in the courtyard below were mostly older men, with salt-and-pepper hair, the brand’s target audience, with unapologetic looks for the leisure class. They embrace bright colors, including suits in bright green, pink or loud navy-and-white stripes, tempered by ivory and white linen Bermuda sets or three-pece suits.

“We don’t want to focus on the young crowd,″ Plein said. ”I think we have to be proud about our age.”

As guests arrived for the evening presentation, jazz group circulated wearing the latest Billionaire lemon prints, on green, red and blue backgrounds. Multi-colored straw hats finished the looks.

’’We don’t usually dress this way,” the guitarist confessed has he strummed by.

MILAN FASHION CHALLENGED TO OPEN FORMAT

The contrast between the quiet, exclusive nature of Milan Fashion Week and the exuberance of the city’s premier design week has never been more stark than this year.

The Milan Furniture Fair and the collateral events at Fuori Salone that make up design week closed just days before fashion week opened, boasting 400,000 visitors over six days.

Casting a jealous eye on design week, small Italian fashion brands that don’t typically show during fashion week are now pushing to open it up to the wider public, beyond the exclusive, invitation-only fashionista crowd.

“Let’s not lose this energy. Let’s bring it into fashion. I truly believe that there could be a kind of Fuori Salone, call it what you will,” said Gigliola Maule, president of the Milan Showroom Chamber of Commerce, which represents showrooms for small- and medium-brands.

The proposal got the backing of the city’s economic development official, Alessia Cappello, who has called for talks with the Milan fashion council.



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.


Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
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Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares rose nearly 8% in early trading on Thursday after reports Elliott Management has built a $1 billion stake in the athleisure wear maker and is working with former Ralph Lauren executive Jane Nielsen for a potential CEO role.

The Canada-based retailer said last week that Calvin McDonald will step down after nearly seven years as its top boss, sparking hopes for a leader who can reverse slowing growth and win back younger shoppers amid fierce competition from trendier players like Alo and Vuori. The stock has lost nearly half of its value this year, underscoring investor concerns over Lululemon's struggles. The company's shares were trading at $224 on Thursday.

"Elliott is famous for agitating for change. These positions aren't built overnight, so Lululemon's board probably saw this coming," said Brian Jacobsen, chief economic strategist, Annex Wealth Management.

The activist investor has been working closely for months with Nielsen, a retail veteran, a source told Reuters on Wednesday. Nielsen, who sits on the board of Cadbury parent Mondelez, has also served as finance chief at Tapestry-owned Coach.

"Lululemon is one of the most powerful brands in retail, defined by exceptional products, deeply engaged communities and significant global potential," Nielsen said in a statement to the Wall Street Journal. "I would welcome the chance to discuss this opportunity with the Lululemon board."

Elliott, Lululemon and Nielsen did not respond to Reuters requests for comment.

Analysts have said the company will need to upgrade its fabrics, use fresher designs and accelerate product launches that click with Gen Z to reclaim its "cool factor" and lure shoppers back.

With much of its sourcing tied to Asian factories facing higher import duties, Lululemon will also need to streamline its supply chain to blunt US tariff pressures and protect margins next year, analysts have said.

"Lululemon should implement fast fashions and introduce an assortment that will pull customers from Alo and Vuori - especially Gen Z customers.

Fast fashion requires a much better supply chain than is currently in use at Lululemon," said Brittain Ladd, a strategy and supply chain consultant at Florida-based Chang Robotics.

The brand's struggles have drawn sharp criticism from founder and largest individual shareholder Chip Wilson. He has also called for an urgent CEO search, led by new, independent directors with deep company knowledge to restore a product-first focus.

Wilson did not respond to a Reuters request for comment.

With a 4.3% ownership, Wilson's stake is valued at about $988 million, according to LSEG data, making Elliott one of the top shareholders in Lululemon, which is valued at nearly $25 billion.

Lululemon trades at a forward price-to-earnings ratio of 16.37, while Gap trades at 11.88 and American Eagle at 16.81, according to LSEG data.