Paco Rabanne, Who Brought the Space Age to the Catwalk, Dies Aged 88

Spanish fashion designer Paco Rabanne poses with a model wearing a white dress with a metallic headpiece after presenting his 1992/93 fall-winter haute couture collection in Paris, France, on July 29, 1992. (AP)
Spanish fashion designer Paco Rabanne poses with a model wearing a white dress with a metallic headpiece after presenting his 1992/93 fall-winter haute couture collection in Paris, France, on July 29, 1992. (AP)
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Paco Rabanne, Who Brought the Space Age to the Catwalk, Dies Aged 88

Spanish fashion designer Paco Rabanne poses with a model wearing a white dress with a metallic headpiece after presenting his 1992/93 fall-winter haute couture collection in Paris, France, on July 29, 1992. (AP)
Spanish fashion designer Paco Rabanne poses with a model wearing a white dress with a metallic headpiece after presenting his 1992/93 fall-winter haute couture collection in Paris, France, on July 29, 1992. (AP)

Paco Rabanne, the Spanish-born designer best known for his metallic ensembles and space age designs of the 1960s, has died at the age of 88.

The eponymous label he exited more than two decades ago hailed him as "among the most seminal fashion figures of the 20th century".

Rabanne dressed some of the most prominent stars of the 1960s, including French singer Francoise Hardy, whose outfits from the designer included a minidress made from gold plates and a metal link jumpsuit, as well as Jane Birkin and Serge Gainsbourg, who were pictured in matching silver outfits.

Among his most famous looks were the fitted, skin-baring ensembles worn by Jane Fonda in Roger Vadim's cult science fiction film "Barbarella".

The death of Francisco Rabaneda y Cuervo, Paco Rabanne's birth name, was confirmed by a spokesperson for Spanish group Puig, which now controls the fashion house.

"A major personality in fashion, his was a daring, revolutionary and provocative vision, conveyed through a unique aesthetic," said Marc Puig, chairman and CEO of Puig.

Born in a village in the Spanish Basque region in 1934, his mother was a head seamstress at Balenciaga. He died in Portsall in Brittany.

Rabanne grew up in France, where the family moved after Spanish troops shot dead his father, who had been a Republican commander during the civil war.

He studied architecture at the Ecole des Beaux Arts in Paris. He started his career sketching handbags for a supplier to prestigious fashion houses including Givenchy and Chanel, as well as shoes for Charles Jourdan.

He then branched into fashion, designing garments and jewellery with unconventional materials such as metal and plastic.

International expansion

His first collection, which he described as "unwearable dresses made of contemporary materials" were pieces made of strips of plastic linked with metal rings, worn by barefoot models at a presentation at the upscale Paris hotel George V.

The Paris cabaret Crazy Horse Saloon was his next venue, where models paraded his skimpy dresses and bathing suits while wearing hardhats.

While his innovation and futuristic designs won plaudits, his fascination with the supernatural prompted public derision at times. He was known for recounting past reincarnations, and in 1999, he predicted the space station Mir would crash into France, coinciding with a solar eclipse.

Surrealist Salvador Dali famously approved of his compatriot, calling him "Spain's second genius".

The designer teamed up with Spain's Puig family in the late 1960s, launching perfumes that served as a springboard for the company's international expansion.

"Paco Rabanne made transgression magnetic. Who else could induce fashionable Parisian women (to) clamor for dresses made of plastic and metal," said Jose Manuel Albesa, president of Puig's beauty and fashion division.

The label has seen a resurgence in popularity in recent years, under the creative direction of Julien Dossena, who has updated the house’s signature chainmail designs.

"We are grateful to Monsieur Rabanne for establishing our avant-garde heritage and defining a future of limitless possibilities,” the fashion house said in a statement.

The designer's work with metallic plastic gave a "sharp edge" to women's clothes, an effect that was "so much more than a New Look", fashion historian Suzy Menkes said on Instagram Friday.

"It was rather a revolutionary attitude for women who wanted both to protect and assert themselves."



Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


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.