Elie Saab’s Spring Couture in Paris Dreams of Thai Escape

A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
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Elie Saab’s Spring Couture in Paris Dreams of Thai Escape

A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)

Elie Saab whisked his guests away to Thailand for a Paris Fashion Week couture show Wednesday that gleamed with gold and intricate silk embroidery.

Sheer diaphanous cloth floated around the runway in Le Marais’ Carreau du Temple amid wafting perfume, as “Emily in Paris” star Paul Forman and socialite Olivia Palermo posed for the cameras.

Haute couture is an artisanal tradition invented by English designer Charles Frederick Worth in the 1870s. It involves intricate, time-consuming sewing, use of unusual fabrics and luxurious embellishments such as rare feathers and semi-precious stone beading — and is exorbitantly priced.

Here are some highlights of Wednesday's spring-summer 2023 shows:

Saab’s embroideries

Elie Saab called it “an indulgent escape from the ordinary.”

Amid the dull Paris weather, inside blinding lights lit up long dragons gracing asymmetrical bodices, or in waves on ivory peplums. Embroidered motifs of sacred koi fish seemed to swim on mermaid tails and scalloped overskirts, while 3D guipure lace captured Eastern blooms on gowns that shimmered in gold.

This season, the Lebanese designer used the Thai kingdom as a springboard for a highly embellished, yet delicate, couture collection.

The show, entitled “a golden dawn,” had regal ambitions and was executed with flair.

The most beautiful gowns were sometimes deceptively simple, where the sumptuous material -- like one blue satin sash rippling asymmetrically across the shoulder -- could speak for itself.

The art of the invitation

The age of email and rising environmental awareness hasn't left much of a mark on the fashion industry’s antiquated system of invitations.

Season after season, gasoline-guzzling couriers crisscross Paris to personally deliver ever-elaborate, often handmade, show invites.

Top houses vie for the wackiest or most imaginative idea that often offers a clue to the theme of the runway collection.

Schiaparelli’s was a giant weighty golden brooch featuring a face in relief -- ahead of a couture show which drew controversy for featuring a fake lion’s head.

Dior’s was a beautifully packaged white box with a note from Dior Perfume Director Francis Kurkdjian and containing small, perfumed vials.

Then Valentino’s was like an invitation to a disco or concert, on a plain black card with the show details in the font preferred by club organizers. The name of the show? “Le Club Couture.”

Yuima Nakazato

Following a trip to Kenya in October 2022, Yuima Nakazato was shocked by what local people told him about waste and ecological destruction.

This season’s co-ed couture became a manifesto against a desolate African future. The Japanese designer staged a powerful underground show set amid smoke and hazy lighting as if to herald the end of the world.

A loose black one-shoulder gown — on top of baggy pants -- fused Asian with African styles with an embellished belt clasp resembling a talismanic eye.

Bone or thorn jewelry adorned minimalist looks like one slope-shouldered column ensemble. It was matched with Rick Owens-style black thigh-high wading boots for a fashion-forward vibe.

Viktor & Rolf turn couture on its head

The inimitable Dutch design duo staged a quirky and surprising show featuring gowns that tried to turn couture on its head — literally.

The collection started regularly enough, aside from the punk-like colored mini-beehive hairstyles. A shoulderless bodice gown shot out into a voluminous pale tulle full skirt fit for a bridesmaid. Later, a sculptured hourglass bodice descended into a segmented skirt that swept the floor.

But then came the surreal fun.

Causing half the audience to reach for their cameras, a model appeared wearing an entire gown attached to her front on top of another look. The dress was placed at a 2 o'clock angle with a cloud-colored tulle full skirt sweeping out theatrically to the left.

Another gown in yellow tulle was then hoisted up in a trompe l’oeil effect.

The most surreal of all was one violet gown whose waist was turned out to become vertical. It was weirdly inventive -- if a little gruesome -- with a black hole appearing around the midriff.



LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
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LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights

Shares in LVMH (LVMH.PA) fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth at the French luxury goods giant missed analysts' consensus estimate.

The world's biggest luxury group said late Tuesday its quarterly sales rose 1% year on year to 20.98 billion euros ($22.76 billion), undershooting the 21.6 billion expected on average by analysts polled by LSEG.

At 1000 GMT, LVMH's shares were down 4.5%.

The earnings miss weighed on other luxury stocks, with Hermes (HRMS.PA), down around 2% and Kering (PRTP.PA), off 3%.

Kering is scheduled to report second-quarter sales after the market close and Hermes reports on Thursday, Reuters reported.

Jittery investors are looking for evidence that the industry will pick up from a recent slowdown, as inflation-hit shoppers hold off from splashing out on designer fashion.

JPMorgan analyst Chiara Battistini cut full year profit forecasts by 2-3% for the group, citing softer trends at LVMH's fashion and leather goods division, home to Louis Vuitton and Dior.

"The soft print is likely to add to ongoing investors’ concerns on the sector more broadly in our view, confirming that even best-in-class players like LVMH cannot be immune from the challenging backdrop," said Battistini in a note to clients.

The weakness of the yen, which has prompted a flood of Chinese shoppers to Japan seeking bargains on luxury goods, added pressure to margins, another source of concern.

Equita cut 2024 sales estimates for LVMH by 3% - attributing 1% to currency fluctuations - and lowered its second half organic sales estimate to 7% growth from 10% growth previously.

The lack of visibility for the second half beyond the easing of comparative figures - as the Chinese post-pandemic lockdown bounce tapered off a year ago - is unlikely to improve investor sentiment to the luxury sector, Citi analyst Thomas Chauvet said in an email to clients.

"No miracle with the luxury bellwether; sector likely to remain out of favour," he wrote.

Jefferies analysts said the miss came as investors eye Chinese shoppers for their potential to "resume their pre-COVID role as the locomotive of industry growth and debate when Western consumers will have fully digested their COVID overspend".

LVMH shares have been volatile since the luxury slowdown emerged, and are down about 20% over the past year, with middle-class shoppers in China, the world's No. 2 economy, a key focus as they rein in purchases at home amid a property slump and job insecurity.

LVMH offered some reassurance, with finance chief Jean-Jacques Guiony telling analysts during a call on Tuesday that Chinese customers were "holding up quite well," while business with US and European customers was "slightly better".