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.



Hermes Q3 Sales Up 11.3%, Continues to Outshine Rivals

A logo of Hermes is seen on a store in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe
A logo of Hermes is seen on a store in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe
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Hermes Q3 Sales Up 11.3%, Continues to Outshine Rivals

A logo of Hermes is seen on a store in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe
A logo of Hermes is seen on a store in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe

Birkin bag maker Hermes reported on Thursday an 11.3% rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.

The French luxury company generated 3.7 billion euros ($3.99 billion) in revenue for the three months ending in September, an 11.3% rise at constant exchange rates, Reuters reported.

The figure was in line with an analyst consensus estimate of 11% growth cited by Jefferies.
"In a more uncertain economic and geopolitical context, I want to thank all employees for the robust third-quarter performance, and our customers for their loyalty," said Axel Dumas, Executive Chairman of Hermes.
"Thanks to the singularity of its model, Hermes is continuing its recruitments and long-term investments," he said in a statement.
A sector-wide slowdown has affected labels across the high-end spectrum.
Luxury bellwether LVMH missed expectations last week and flagged a drop in Chinese consumer confidence to COVID-era lows, with a deterioration in demand for fashion over the quarter.
Late on Wednesday, Kering warned its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the struggles of the French luxury goods group's main label Gucci.
Hermes' famously classic designs and tight management of production and stock have helped reinforce the label's aura of exclusivity and made the company one of the most consistent performers in the industry.
Handbags like the coveted $10,000 plus Birkin model are affordable only for the wealthiest shoppers -- who are typically the more immune to choppy economic conditions.
But showing limits of its resilience, executives earlier this year said that Hermes was seeing slightly less traffic from aspirational clients, impacting higher volume products like fashion accessories such as silk scarves.
Hermes shares have risen nearly 9% since the start of the year, outpacing rivals, with LVMH down nearly 15%, Moncler down 3.3% and Kering, which is working to turn around Gucci, down 40%.