Indian Haute Couture Master Dreams the 'Impossible' for Paris

Acclaimed Indian fashion designer Rahul Mishra examines a dress with embroidery designs at his workshop in Noida. Money SHARMA / AFP
Acclaimed Indian fashion designer Rahul Mishra examines a dress with embroidery designs at his workshop in Noida. Money SHARMA / AFP
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Indian Haute Couture Master Dreams the 'Impossible' for Paris

Acclaimed Indian fashion designer Rahul Mishra examines a dress with embroidery designs at his workshop in Noida. Money SHARMA / AFP
Acclaimed Indian fashion designer Rahul Mishra examines a dress with embroidery designs at his workshop in Noida. Money SHARMA / AFP

As he stitches together the final threads of his latest Paris Fashion Week collection, acclaimed Indian fashion designer Rahul Mishra is taking inspiration from France -- and a fellow master from another era.

"I want to achieve the impossible, I want to paint air," he told AFP, quoting the 19th-century impressionist painter Claude Monet.

Both men are known for their artistic urge to depict nature -- Monet on canvas, and Mishra on his extravagant haute couture gowns, feted for their bursts of embroidered floral color and petal-shaped ornamental flourishes.

Mishra's creations are a regular staple of the world's leading fashion magazines where they are modeled by film stars including Cate Blanchett and Michelle Yeoh.

Dozens of designers, tailors and crafters have been hard at work in his new workshop near India's capital New Delhi, putting the finishing touches on the "Cosmos" line he will debut on the Parisian catwalk on Monday.

Some sit on mats in front of embroidery looms sewing flower motifs onto delicate sheer fabric in a painstaking enterprise that stands testament to the force of Mishra's creative vision.

"I dream a lot, I am often lost in a new world, in a kind of fantasy," said the casually dressed 43-year-old, striding in Nike trainers between workbenches to introduce the work of his colleagues.

"I come back and share it with my team, I speak to them, talk to them... and then that dream becomes a common dream, everybody starts believing in this idea."

Mishra's fantasies have materialized into hot property in the years since he won the International Woolmark Prize -- one of the fashion world's top accolades -- in 2014.

The French Fashion Federation included his work on the Paris ready-to-wear runway the same year, and in 2020 he became the first Indian to feature in its haute couture program.

- Natural preoccupations -
Nature has been Mishra's most enduring source of inspiration, beginning at the age of 10 when he felt compelled to sketch the blooming flowers and natural scenery of his rural hometown.

With no mentor and a doctor father who pushed him to pursue a more steady career, Mishra almost abandoned his couture dreams before breaking off his university science studies.

He enrolled at the National Institute of Design, India's premier creative arts academy, before studying in Italy's fashion capital Milan.

His recent artistic triumphs show how little he has strayed from his roots.

A highlight of his "Tree of Life" collection last year is a sleeveless floral gown bursting with a cornucopia of 120 colors in the couturist's embodiment of spring.

"This must be the most colorful piece I have ever done," he said, adding that each floor-length dress represented 5,000 hours of labor.

Items from the collection sold for up to 12,500 euros ($13,500) once they went on sale.

"There are hardly 200 artists across India who are able to manage this kind of multicolor work," he added. "It is more difficult to replicate the original piece than to create it."

- 'Celebrate mistakes' -
Mishra now has his sights set on building a global presence and in March, will launch a new ready-to-wear collection in Europe.

His first European boutique will open in London later this year thanks to a joint venture with Indian conglomerate Reliance, a key distributor of luxury brands which has exclusive tie-ups with Balenciaga and Armani.

But his ambitions ultimately rest on building a "fairly serious" alternative to fast fashion giants like Uniqlo and Zara, utilizing India's seemingly bottomless pool of textile talent.

"Now is the right time," he said.

"My biggest goal is that one day we'll be able to provide employment for more than a million people around the world."

Like many artists, each one of Mishra's finished endeavors is a reflection of the torment and doubt that come with habitual agonizing over minute details -- an emotional struggle that is also a wellspring of creative inspiration.

"We celebrate mistakes, we celebrate when we fail," he said. "The beauty of trying something new, the excitement and the intent to do something new is always celebrated."

"I think more than the final fashion show... what excites me most is the process."



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.