Egypt Dusts Off Pyramids for Fashion, Pop and Art Shows

French fashion house Dior presented its 2023 fall men's collection in the shadow of Egypt's ancient Giza pyramids on Saturday. Ahmed HASAN / AFP
French fashion house Dior presented its 2023 fall men's collection in the shadow of Egypt's ancient Giza pyramids on Saturday. Ahmed HASAN / AFP
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Egypt Dusts Off Pyramids for Fashion, Pop and Art Shows

French fashion house Dior presented its 2023 fall men's collection in the shadow of Egypt's ancient Giza pyramids on Saturday. Ahmed HASAN / AFP
French fashion house Dior presented its 2023 fall men's collection in the shadow of Egypt's ancient Giza pyramids on Saturday. Ahmed HASAN / AFP

Egypt is using the ancient grandeur of its pyramids as a backdrop for modern pop concerts and fashion shows, hoping to boost tourism and the luxury brand sector beloved by its moneyed elite.

French fashion house Dior debuted its latest collection Saturday at the Giza pyramids, after Italian designer Stefano Ricci held a show at Luxor's dramatic Temple of Hatshepsut in October.

Dior CEO Pietro Beccari told AFP the fashion house chose the pyramids as far more than "just a useless background", drawing on Egyptian astrology for the collection named "Celestial".

Before that, American pop bands Maroon 5 and the Black Eyed Peas performed at the Giza Necropolis, where contemporary art was also recently shown at the latest Art d'Egypte exhibition.

The modern cultural push is a new direction for Egypt's image.

Long a cultural powerhouse in the Arab world, with wildly popular singers and movie stars especially in its heyday in the 1950s-70s, Egypt has set its sights on its ancient heritage to attract the global spotlight once more.

A harbinger of the new embrace of ancient culture and history was a "golden parade" last year of 22 pharaohs that crossed Cairo from an old to a new museum in a carnival-style grand spectacle.

It was part of a push by President Abdel Fattah al-Sisi's government to revive tourism, which accounts for 10 percent of GDP and some two million jobs.

- 'Vital' glamour -
Showcasing Egypt's heritage in a new context "will encourage other brands and international cultural figures to come to Egypt," said art historian Bahia Shehab.

Fashion photographer Mohsen Othman agreed that such glamorous events are "vital".

Big brands like Dior "come in with a huge budget," employ local talent and "support young creators who can put Egypt on the global fashion map".

Iman Eldeeb, whose agency cast two Egyptian models for Saturday's show, told AFP it was a "long-awaited step for the fashion world in Egypt".

Egypt's luxury goods sector has grown despite years of economic turmoil that saw the pound lose half its value in a 2016 currency devaluation.

Despite the downturn, Egypt, the Arab world's most populous country, is home to 86,000 millionaires, according to the bank Credit Suisse.

"The richest one percent are enough to create demand," said public relations specialist Ingy Ismail, who advises luxury brands.

The boutiques in the shopping centers of Cairo's chic new satellite cities, she said, are "up to the standards of international luxury brands".

- 'Young creative talent' -
Egypt's bubble of super rich has helped create a home-grown fashion design scene whose pioneers have recently ventured onto the catwalks of Milan and Paris.

At this year's Paris Fashion Week, Cairo-based luxury brand Okhtein showed a resin-made bustier that evoked Egyptian alabaster at French fashion house Balmain's show.

It was a rare success story for Egypt's creative sector, where "most people are self-taught, working hard with scarce resources to try and meet international standards," said Othman, the photographer.

Ismail said the country's luxury clothing and jewelry market "has gone from under 100 Egyptian brands to more than 1,000 today", fueled by "a huge pool of young creative talent".

International events offer rare exposure, but getting them to the country is still a challenge.

"It is a big step for the government to authorize Art d'Egypte and Dior to organize events at the foot of the pyramids," the art show's curator, Nadine Abdel Ghaffar, told AFP.

- Timeless marvels -
But "promoting the country's culture" must be a priority, added Abdel Ghaffar, who believes a dedicated government body could better promote exhibitions, concerts, shows and even film production.

Shehab, the art historian, said many realize that Egypt, known for its timeless architectural marvels in the desert, needs to project an updated image of itself.

"There's more and more awareness about the need for soft power and for culture as a representation for the country," she said, cautioning however that Egypt still requires "better infrastructure" to make this happen.

The latest Egypt-themed production was a Disney+ TV miniseries, Marvel Comics' "Moon Knight," for which two entire Cairo city blocks were built from scratch -- on a set in Budapest.



Adidas Reports Strongest China Sales Since Early 2022

 Adidas Samba and Gazelle sneakers for sale are seen at a shop in Berlin, Germany, May 2, 2024. (Reuters)
Adidas Samba and Gazelle sneakers for sale are seen at a shop in Berlin, Germany, May 2, 2024. (Reuters)
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Adidas Reports Strongest China Sales Since Early 2022

 Adidas Samba and Gazelle sneakers for sale are seen at a shop in Berlin, Germany, May 2, 2024. (Reuters)
Adidas Samba and Gazelle sneakers for sale are seen at a shop in Berlin, Germany, May 2, 2024. (Reuters)

Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up on the year thanks to improving brand image.

Adidas' performance in China contrasts with other companies that are struggling with weak consumer demand and a likely longer wait for government stimulus measures to boost confidence.

Currency-neutral quarterly sales rose 9% to 946 million euros ($1.02 billion) in Greater China, up from 870 million euros a year earlier, the company said on Tuesday - its strongest quarterly sales in China since the start of 2022.

Adidas shares gained 1.7% in early trading, despite a filing announcing top shareholder Groupe Bruxelles Lambert cut its stake. Adidas had already released preliminary figures and hiked its annual sales and profit guidance earlier this month.

A trend for Adidas' "terrace" shoes, retro models inspired by soccer fans' footwear in the 1970s and 80s, has driven sales at the German sportswear company, helping it gain market share over rivals such as Nike and recover from a bruising break-up with rapper Kanye West, who goes by Ye.

"In lifestyle, management is avoiding overflowing the market with Campus and Terrace," said Stifel analyst Cedric Lecasble, adding that Adidas is pushing its SL72 shoes and "low profile" sneakers such as its Taekwondo model.

In North America, Adidas' second-biggest market behind Europe, the Middle East and Africa, currency-neutral sales were down 7% at 1.36 billion euros in the third quarter, but increased from the previous year when excluding Yeezy, the company said.

The results are the latest evidence of a revival in the company's fortunes almost two years after CEO Bjorn Gulden joined the German brand. Gulden has overseen the sales of Adidas' stock of Yeezy shoes left unsold after cutting ties with the rapper, its former design partner.

Adidas' wholesale business - revenue made by selling product through third-party retailers - grew 13% in the third quarter, while direct to consumer sales grew 7%.

The company's gross margin increased by 2 percentage points compared to a year ago, at 51.3% - an impressive result, Jefferies analysts said, given the wholesale channel is generally less profitable.

Adidas has taken shelf space from Nike at multi-brand retailers such as Foot Locker and JD Sports thanks to the trend for its multi-colored sneakers, while its US rival has seen sales fall.