Prada Navigates Tricky COVID Curbs to Hold Beijing Show

A model presents a creation from the Prada Fall-Winter 2022/2023 collection during Fashion Week in Milan, Italy, February 24, 2022. (Reuters)
A model presents a creation from the Prada Fall-Winter 2022/2023 collection during Fashion Week in Milan, Italy, February 24, 2022. (Reuters)
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Prada Navigates Tricky COVID Curbs to Hold Beijing Show

A model presents a creation from the Prada Fall-Winter 2022/2023 collection during Fashion Week in Milan, Italy, February 24, 2022. (Reuters)
A model presents a creation from the Prada Fall-Winter 2022/2023 collection during Fashion Week in Milan, Italy, February 24, 2022. (Reuters)

Prada on Friday became the first major luxury house to host a show in China this year, navigating strict COVID curbs to send models down a catwalk in a historic Beijing mansion hotel, a move aimed at underscoring its commitment to the market.

Livestreamed on multiple online platforms including Weibo, more than 400 celebrities and customers attended the event held by the Italian group in the Prince Jun’s Mansion Hotel, where it showcased its men and women's fall and winter collections.

Shows in Chinese cities by global luxury giants, from Prada to LVMH's Louis Vuitton and Christian Dior, used to be a familiar sight and continued even in 2020 and 2021 after China curbed the spread of the virus relatively quickly thanks to tough border curbs.

But much has changed in 2022 with China's continued insistence on a "dynamic zero COVID" policy that uses harsh measures to cut any virus transmission chain, even as the rest of the world opens up in the face of infectious Omicron variants.

Since the start of the year, several cities including China's commercial capital of Shanghai have undergone draconian lockdowns and much of the country's population is now required to undergo regular COVID-19 testing. These measures have bred uncertainty that has hit both the economy and consumer confidence.

In order to attend Prada's event, guests had to show proof of a negative COVID-19 test taken within 48 hours and masks were mandatory for all attendees indoors except the models stomping along the catwalk.

Those flying in from other Chinese cities also had to comply with Beijing's testing requirements for domestic travelers.

"[This event] is a key statement for the brand, especially in this moment where first mover advantage will be seen as more powerful and significant than before," said Kim Leitzes, APAC managing director of data provider Launchmetrics.

Prada declined requests to be interviewed for this story.

The brand has seen significant improvement in its China business in recent years, reducing its reliance on wholesale and driving more sales through its own stores and website, where items are more likely to be sold at full price.

It has also attracted a new generation of Chinese consumers with the appointment of superstar Cai Xukun as a celebrity ambassador in 2019.

"I'm very excited to be here tonight," said one of the Friday show attendees, Chen Zaozao, who works at an auction house in Beijing. "I used to have many opportunities to attend fashion events before but it has become rare these days."



AI Helps Cosmetic Giants Overcome Perfume’s Nasal ‘Paradoxes’

 Artificial intelligence is increasingly being used to develop new perfumes. (AFP)
Artificial intelligence is increasingly being used to develop new perfumes. (AFP)
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AI Helps Cosmetic Giants Overcome Perfume’s Nasal ‘Paradoxes’

 Artificial intelligence is increasingly being used to develop new perfumes. (AFP)
Artificial intelligence is increasingly being used to develop new perfumes. (AFP)

There may be a hint of bergamot in the top notes and sweet iris as a follow-up, but there is a noticeable dose of Artificial Intelligence emerging in new perfumes, according to industry specialists.

The traditional world of perfumes has not been able to turn up its nose to new technology and algorithms even though the industry insists that human sensorial expertise can never be fully replaced.

The US cosmetics giant Estee Lauder opened a perfume innovation center in Paris in 2025 that uses AI to mix savoir faire and cutting edge technology and help its billion dollars brands that include Jo Malone of London, Kilian Paris, Le Labo and Tom Ford Beauty, according to Lucas Nanini, the group's vice president for fragrance innovation.

He tests some of the new formulas uncovered on visitors to the Maison des Parfums.

"AI will allow us to work on what we call 'paradoxes'," Nanini told AFP. "For example, how can we create an oil that is rich, yet fine enough to be diffused?"

AI helps perfumers identify oils with properties that would take them years to develop by manual trial and error.

Machine intelligence also helps with regulatory tasks. Nanini highlighted the time it takes to check whether different countries allow each ingredient in a perfume.

With a single click he can now verify whether an ingredient from the one thousand-plus used is legal in a specific country as well as the maxium concentration allowed.

AI can also be used to find molecules to substitute for certain animal-derived ingredients.

Civet, taken from the glands of African civet and other cats in the species, was traditionally used to give perfume a musky tone but has been phased out in the face of animal rights protests.

- Fast fragrance -

International Flavors and Fragrances (IFF), another major US player, estimates that AI cuts between 25 and 30 percent of the time needed to develop and make a perfume.

With niche perfumes taking a bigger share of a growing market, enterprises like Givaudan of Switzerland and Robertet of France have heavily invested in tools to help them find new molecules.

IFF has developed its own AI tools using decades of internally collected data.

One suggests ingredients that complement each other and is used by IFF perfumer Tanguy Guesnet.

"Every perfumer is searching for that 'accord' -- that combination -- that will spark the emotion of tomorrow," he said.

The tool looks at the molecules in a single ingredient and suggests others with similar characteristics. Mint essence, for example, contains menthone, and the tool can propose other ingredients that also include the compound.

"Some pairings might seem obvious, while others might appear a bit outlandish, but that is precisely the richness of the tool," said Guesnet.

"It stimulates creativity and so I consider highly original combinations."

Not everyone is convinced by the AI revolution, however.

Guillaume Teule, co-founder of the French fragrance house Helius, insisted that he remains in control of how a scent develops. "I maintain my own vision."

"Much like in music, resonances and dissonances emerge when you start altering ingredients -- and it is precisely these dissonances that are interesting, and which only a human being knows how to leverage effectively," he said.

"I don't believe any AI would have suggested 'Angel'," he said of Thierry Mugler's so-called 'gourmand' fragrance launched in 1992 and considered revolutionary because of its sweet notes.

"It was like a stone thrown into a pond, when it was first released," commented Teule.


Cartier-Owner Richemont Quarterly Sales Beat Estimates as Jewellery Demand Continues

 A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
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Cartier-Owner Richemont Quarterly Sales Beat Estimates as Jewellery Demand Continues

 A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)
A rock crystal and diamond bracelet by Cartier, estimated at US$1-2 million, during a preview ahead of Christie's auction in Geneva, Switzerland, November 5, 2026. (Reuters)

Cartier-owner Richemont reported a faster-than expected quarterly sales increase on Friday, helped by continued demand for its jewellery and bumper growth in the United States and Japan.

The company, which also owns Swiss watch brands Piaget and IWC, said its sales rose by 13% when measured in constant currencies to €5.95 billion ($6.58 billion) in the three ‌months to the end ‌of September.

The figure beat analyst ‌forecasts ⁠for €5.89 billion in ⁠a consensus compiled by Visible Alpha.

Although a slowdown from the 20% growth rate in the prior quarter, the figure showed the resilience of Richemont's largely jewellery-based business and a strong performance in the United States, Japan and Europe, where sales ⁠increased by 15% or more.

The Swiss-based ‌company, which makes ‌brooches, earrings and necklaces under the Cartier, Buccellati, Van Cleef & ‌Arpels and Vhernier brands, has bucked the trend ‌in a struggling luxury industry thanks to its higher exposure to jewellery, with its jewellery brands accounting for about 75% of its revenues.

Sales of Richemont's jewellery ‌unit grew 14% in the quarter, while those of its specialist watchmakers division ⁠rose ⁠12%.

The company, which does not report quarterly earnings, said its first-half net profit improved to €2.53 billion from €1.81 billion a year earlier, ahead of analyst forecasts for €2.26 billion.

"The group delivered a strong first half, carried by sustained excellent performance of our Jewellery Maisons, robust growth at our specialist watchmakers and solid momentum at our fashion and accessories Maisons, despite a challenging fashion market," Richemont Chairman Johann Rupert said in a statement.


Frasers Executive David Epstein Becomes Hugo Boss CEO after Takeover

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
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Frasers Executive David Epstein Becomes Hugo Boss CEO after Takeover

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov//File Photo

Hugo Boss said on Thursday CEO Daniel Grieder would step down and leave the company at his own request, effective January 1, 2027.

The German fashion group said David Epstein from Frasers Group will ⁠succeed him as ⁠CEO, Reuters reported.

Frasers Group, already Hugo Boss's largest shareholder, took majority control of the company in October after raising its stake above 50%, months ⁠after an unsuccessful 2 billion euro takeover bid.

The move follows a series of leadership changes at Hugo Boss this year. In September, the company named Michael Murray, chief executive of Frasers Group, as chairman of its supervisory board.

The British retailer, ⁠controlled ⁠by billionaire Mike Ashley, has been expanding its presence in the premium and luxury segments.

Epstein has served as chief brand partnerships officer at Frasers Group since 2024, overseeing brand partnerships across its Sport, Premium, and Luxury businesses.