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.



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.