Armani, Kapoor Bring Tranquil Close to Milan Fashion Week

A model presents a creation of Giorgio Armani during the Autumn-Winter 2023-2024 Men's fashion show as part of the Milan Fashion Week on January 16, 2023. (AFP)
A model presents a creation of Giorgio Armani during the Autumn-Winter 2023-2024 Men's fashion show as part of the Milan Fashion Week on January 16, 2023. (AFP)
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Armani, Kapoor Bring Tranquil Close to Milan Fashion Week

A model presents a creation of Giorgio Armani during the Autumn-Winter 2023-2024 Men's fashion show as part of the Milan Fashion Week on January 16, 2023. (AFP)
A model presents a creation of Giorgio Armani during the Autumn-Winter 2023-2024 Men's fashion show as part of the Milan Fashion Week on January 16, 2023. (AFP)

Milan Fashion Week closed four days of mostly menswear previews for next fall and winter on a note of tranquility.

Italian fashion world stalwart Giorgio Armani took his admirers inside Milan’s hidden courtyards, islands of calm concealed from general view within the walls of the city’s austere neoclassical architecture.

Indian designer Dhruv Kapoor, a relative Milan newcomer, hopes to promote an interior journey with a new collection in which he seeks to reconcile alter-egos – be they romantic, aggressive or pensive – as a way of healing.

While creating similar moods, the presented designs couldn’t have been more aesthetically opposite: one a study in tailoring and muted hues, the other an explosion of color on silhouettes that mix the oversized with the petite.

Highlights from Monday’s shows:

Dhruv Kapoor promotes healing

Kapoor has a message of radical self-acceptance in his collection, which combined floral prints promoting stillness, cartoon images of Godzilla representing aggression and lace details for romanticism.

The designer, through his unisex collection dubbed “The Embracer,” advocates embracing all of our parts, even those viewed negatively. Not that he thinks the solution lies in wardrobing.

“It’s a very simple process. Look in the mirror and tell yourself, ‘I love you.’ And see how the magic starts to shift. You just need to admire yourself just the way you are,” Kapoor said backstage, adding that he has felt a dramatic shift since adopting the practice. “I don’t know how it comes. I never dwell on the how.”

Broad-shoulder suit jackets were combined with tight trousers that flare into a bell bottom. Oversized sweatshirts were layered with cotton tunics and a sheer lace pant. Godzilla raged on the front of a button-down shirt, while a silver pillow jacket had reptilian spikes down the back.

“Godzilla also has a very negative, monstrous thing attached to it,” Kapoor said. But that should not impede acceptance, he insisted.

Crystals on knitwear, suits and jackets hold energy that Kapoor said can be activated to have a positive impact on the wearer’s life. Instructions are included with the garments.

Models traversed the Tiepolo room in the 18th century Clerici Palace beneath images that included demons, walking to the beat of modems connecting mixed with classical music and hip hop. The mashup gives “us a whiff of the past and the future,” Kapoor said. “And we are birthing a new present.”

Kapoor also promotes healing for the environment. Nearly two-thirds of his collection is either upcycled, employing leftover textiles that otherwise would be discarded, or recycled. For this season, all of his suit fabrics are made from recycled plastics.

Armani’s hidden Milan

Hidden from view in Italy’s frenetic fashion and finance capital are quiet gardens ensconced in Milan’s courtyards.

Giorgio Armani suggests these are places to pause and take stock before emerging for business or play, this season on soft footwear with rubber soles.

Models walked slowly to a soundtrack of Italian pianist-composer Ludovico Einaudi soundtrack while wearing suits and separates that were deeply textured, projecting self-assuredness in the 88-year-old designer’s trademark soft-silhouette.

The color palette consisted of soft earthy tones set off by olive and forest green with a surge of crimson in sportswear and a final smattering of weekend dandy looks. Flannel cargo pants were paired with soft sweaters. Disciplined double-breasted suits befitted a negotiating table. Big gake furs, including one in tiger print, lightened the quiet mood.

Armani conceded that flashes of skin on other runways this season had a sensuality. But he stuck by his conviction: “You can wear anything you want, but when you are at an important table, you need to wear an important suit.”

His one transgression: ties that arch under the knot, as if pulled loose, and worn tucked into vests, “to give space to relax.”

“Stiff is not good,” the designer added.



Nike Shares Jump as Ackman’s Return Sparks Turnaround Hopes

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
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Nike Shares Jump as Ackman’s Return Sparks Turnaround Hopes

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)

Nike shares gained nearly 4% on Thursday as investors hoped the return of billionaire William Ackman as a stakeholder could spark a turnaround at the sportswear giant that has been battling with strategy missteps and tough competition.

Ackman's hedge fund Pershing Square Capital Management now owns roughly 3 million shares of Nike, amounting to a stake of about 0.19%, a filing showed on Wednesday. He has not revealed any plans for the investment yet.

"He's going to have the ear of the executives at Nike and be able to lend some influence on maybe how to get the ship righted, as it were, for Nike at this point in time to try and find their way back home," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which owned $25.79 million worth of Nike shares as of June.

The stock has lost nearly a third of its value this year and the company has forecast a drop in annual sales for fiscal 2025, leading some Wall Street analysts and investors to raise the possibility of a management shake-up including CEO John Donahoe.

When an activist investor comes in, the ultimate goal "will be replacing the person that sits in the corner office," said Art Hogan, chief market strategist at B Riley Wealth.

"And I say that because the template for that has been very clear this week in the form of Starbucks."

Starbucks poached Chipotle CEO Brian Niccol earlier this week, tapping the industry veteran behind the burrito chain's turnaround to revitalize growth at its coffee outlets.

Niccol joining Chipotle in 2018 was also the result of one of Ackman's pressure campaigns that have often led to CEO changes at companies including J.C. Penney and Air Products and Chemicals.

Ackman last invested in Nike in late 2017, around the time when the company was losing market share in North America to a reinvigorated Adidas.

He exited Nike a few months later in 2018, making roughly $100 million in profit by cashing out of the 0.71% stake - a rare passive investment for the billionaire investor.

Analysts and investors hinted on Thursday it might be early days for Ackman's second stint as an investor at Nike and he will need to build a larger stake to make an impact.

Nike's forward price-to-earnings ratio for the next 12 months, a common benchmark for valuing stocks, was 24.26, compared with Adidas' 36.75.