Hermes Unveils Its Paris Show, as Ukraine’s Designers Unite

A model presents a creation for Hermes during the Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 1, 2022. (AFP)
A model presents a creation for Hermes during the Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 1, 2022. (AFP)
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Hermes Unveils Its Paris Show, as Ukraine’s Designers Unite

A model presents a creation for Hermes during the Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 1, 2022. (AFP)
A model presents a creation for Hermes during the Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 1, 2022. (AFP)

A giant, glowing crystal rock upon a sand-colored carpet evoked a glamorous alien planet for Hermes’ VIP guests.

Earthen hues like browns, reds and yellows -- colors long-associated with the heritage brand -- were used at Saturday’s show to create Nadège Vanhee-Cybulski’s utilitarian, low-key yet luxuriant universe for spring.

Elsewhere, Ukraine’s top fashion designers used the platform of Paris Fashion Week to promote their war-battered industry.

Here are some highlights of the spring-summer 2023 collections in Paris on Saturday:

Hermes’ subtle strings

It was the lone crystal, pulsating glowing color, that brought home the Hermes collection’s key idea: Simplicity is powerful.

Utilitarian features -- such as toggles and strange box platforms -- were used subtly but with aplomb. The tan suede tunic minidresses sported pleated leather hems -- showcased without jewelry on a makeup-less model. Vanhee-Cybulski seemed at times to be making a fashion-forward take on the 80s.

Exposed midriffs latticed with cords and toggles came on otherwise unfussy slim silhouettes.

It brought a sporty and outer-space feel to the pared down collection.

Ukraine’s ‘good six’ designers show united front

Last season in Paris, the Ukrainian designers trade fair event took place just two days before Russia’s invasion amid stories of some artists fleeing the country so rapidly they had only their children and their collection in hand.

This season sees no improvement back home for the industry: It’s been battered by increased financial strains as designers try hard to maintain employed staff despite little money, a decrease in demand and ravished supply chains.

A collective of these designer-survivors is showing in Paris beginning Saturday until Oct.6.

Jen Sidary, the collective’s head, said “in my 30 years of working in the fashion industry, I have never witnessed the resilience of a country and its people as they began to focus on keeping their businesses alive, days into the war, from bomb shelters to designing new collections amidst constant air raid sirens.”

The six making up the Paris Fashion Week event -- Frolov, Kachorovska, Chereshnivska, Litkovska, My Sleeping Gypsy and Oliz -- are showcasing unisex apparel, footwear and scarves. It’s a bid to keep their ravaged industry alive, and form of resistance against the Russian bombs decimating their homeland.

Many of their colleagues back home in Ukraine have had to repurpose their operations to help the war effort, relocating within the country, according to Sidary.

The courage of the Ukraine fashion industry has drawn international attention.

USAID Project Manager Natalia Petrova spoke of the “remarkable resilience, commitment and awareness” of Ukrainian businesses since Russia’s invasion of Ukraine.

“Disruptions on the domestic market caused by decrease in demand by population and broken supply chains, are pushing companies to explore export opportunities to diversify their sales,” she added.

Andreas Kronthaler for Vivienne Westwood

Kink mated with art in the typically quirky fare from Kronthaler -- a staple show where a fashion surprise is all but expected.

With his usual encyclopedic flair, Kronthaler wove an aesthetic from yesteryear -- medieval and renaissance nobles and peasants — into his drape-heavy silhouettes. Guests almost felt like they were at the theater.

Juliette sleeves mixed with black Renaissance tarbuds, decorated collars and even one wacky but stylish blue loose tuxedo look that could have been worn by the Bard himself. Of course, Kronthaler accessorized it anachronistically with pale blue striped rugby socks. Added to the creative cauldron were chunky Glam Rock boots and a Highlands kilt style with white trimming.



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.