Stella Jean Quits Milan Fashion Week over Lack of Inclusion

FILE - The 'We Are Made in Italy (WAMI)' collective celebrate on stage at the end of the Stella Jean women's Spring Summer 2023 collection presented in Milan, Italy, on Sept. 23, 2022. (AP Photo/Alberto Pezzali, File)
FILE - The 'We Are Made in Italy (WAMI)' collective celebrate on stage at the end of the Stella Jean women's Spring Summer 2023 collection presented in Milan, Italy, on Sept. 23, 2022. (AP Photo/Alberto Pezzali, File)
TT

Stella Jean Quits Milan Fashion Week over Lack of Inclusion

FILE - The 'We Are Made in Italy (WAMI)' collective celebrate on stage at the end of the Stella Jean women's Spring Summer 2023 collection presented in Milan, Italy, on Sept. 23, 2022. (AP Photo/Alberto Pezzali, File)
FILE - The 'We Are Made in Italy (WAMI)' collective celebrate on stage at the end of the Stella Jean women's Spring Summer 2023 collection presented in Milan, Italy, on Sept. 23, 2022. (AP Photo/Alberto Pezzali, File)

The only Black designer belonging to Italy’s fashion chamber withdrew Wednesday from this month’s Milan Fashion Week, alleging a lack of support for diversity and inclusion after the chamber “abandoned” a project to promote young designers of color working in Italy.

Stella Jean interrupted a press conference by the Italian National Fashion Chamber to announce that neither she nor five members of the We Are Made in Italy collective of designers of color would participate in fashion week, The Associated Press said.

She also said she had started a hunger strike Wednesday out of concern members of WAMI, an initiative launched in 2020 on the heels of the Black Lives Matter movement, could suffer a professional backlash for her activism.

The moves signaled a dramatic denouement of a nearly three-year-collaboration with the chamber to promote designers of color.

“The chamber told us, ‘We didn’t know there were Italian designers who weren’t white.’ We brought them to the runway. They supported us for two years. Then we were abandoned,” Jean told the press conference.

Italian Fashion Chamber President Carlo Capasa assured her from the dais that the chamber had no intention of retaliating in any way. He expressed regret that neither she nor the WAMI members would participate in Fashion Week.

“Stella’s contribution has always been appreciated. We Italians need to have our conscience stimulated,” he said. “As for WAMI, we are not people who retaliate. For us it is important to promote new brands.”

He noted that two WAMI designers from previous seasons were presenting collections during Milan Fashion Week, which runs from Feb. 21-27.

In addition, the chamber has included on the fashion week calendar the inaugural edition of the Black Carpet Awards recognizing the achievements of minorities in Italian society, and was hosting another diversity initiative by the owner and editor of US-based Blanc Magazine, Teneshia Carr.

Jean charged that the chamber had significantly cut back support for WAMI after she made an impassioned speech about the personal price she had paid for highlighting racial injustice in Italy during a runway show last September.

She also said it backtracked on a promise to create a Black board within the chamber to promote diversity and inclusion. Capasa told AP that he decided against the board after WAMI made social media posts that cast a negative light on some Italian fashion brands.

“We wrote a nice letter, saying we want to give them the liberty to express themselves,” Capasa said, adding that the chamber could not host any board that appeared to take public swipes at other members.

Italian-Haitian Jean, who made her Milan runway premiere in 2013 on the Armani runway, said she and her family have been subjected to retaliation for her activism for racial justice in Italy. She said that included death threats against her daughter by other minors, and the termination of professional relationships for her.

“When you speak of retaliations, of death threats, people, I work in fashion. I don’t traffic arms, I don’t traffic drugs or make money from trafficking women,” Jean said. “It is absurd, vile, shameful and inhuman that I must speak for people who feel their lives are in danger, who feel they will suffer the same retaliation.”

WAMI was launched by Jean, African-American designer Edward Buchanan and the head of Afro Fashion Week Milano, Michelle Ngonmo, to draw attention to the lack of minority representation in the Italian fashion world. It followed some racial gaffes by major fashion houses that made global headlines.

Ngonmo told the AP that financial support for the project from the chamber had dwindled over the three years it has run so far, and that Afro Fashion Week Milano wasn’t able to come up with 20,000 euros ($21,000) to support the five young designers in making solid looks to present, plus a video.

The Italian fashion chamber fully supported the collections for the two WAMI classes, each with five designers, but hasn’t funded the third generation, Ngonmo and Jean said.

A September show featuring Jean, Buchanan and WAMI was financed through other allies and their own contributions. The latest WAMI collections were to be presented by video on Feb. 22.

“Maybe the message is the whole industry needs to open their eyes and say, ‘What can we do to make that happen?’” Ngonmo told the AP.

Capasa emphasized that the project by Blanc Magazine’s Carr is receiving the same support he offered WAMI: a slot on the calendar and a physical space in the Fashion Hub where journalists and buyers can view the collections.

But Jean insists that Italy’s designers of color deserve special promotion by the chamber, whose role is the promotion of Italian fashion.

Jean said progress in recent seasons — including opening fashion week with WAMI designer Joy Meribe’s runway show, and Jean’s own return to the runway in September — had turned out to be “performative.”

“They used WAMI as a free pass of safe conduct for diversity,” Jean told the AP. She said she was withdrawing out of fatigue with the “continual fight” for recognition for designers of color in Italy.

“I am a fighter by nature, but I cannot be this way all the time,” she said.



Sources: Shein Aims to IPO on September 1

FILE PHOTO: Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou, Guangdong province, China, July 27, 2026. REUTERS/Go Nakamura/File Photo
FILE PHOTO: Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou, Guangdong province, China, July 27, 2026. REUTERS/Go Nakamura/File Photo
TT

Sources: Shein Aims to IPO on September 1

FILE PHOTO: Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou, Guangdong province, China, July 27, 2026. REUTERS/Go Nakamura/File Photo
FILE PHOTO: Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou, Guangdong province, China, July 27, 2026. REUTERS/Go Nakamura/File Photo

Shein aims to launch its Hong Kong initial public offering on Monday, according to a source familiar with the matter, and is targeting a listing on September 1, two other sources said, slightly later than previously planned.

While September 1 is the target date, the listing could happen a few days later, one ⁠of the sources ⁠said. Reuters reported last week that Shein had been aiming to list on August 28.

The delay, first reported by the South China Morning Post, comes as slower growth and rising costs have dampened investor appetite for Shein.

The online fast-fashion retailer was ⁠seen just a few years ago as a disruptive challenger to established retailers such as H&M and Zara, thanks to its rapid supply chain and ultra-low prices.

Among cornerstone investors in the IPO is the asset management arm of UBS Group, which would be investing in Shein for the first time, according to a fourth source with direct knowledge of the matter.

A spokesperson for the Swiss bank declined to comment.

Cornerstone investors ⁠agree to ⁠buy a set amount of shares before an IPO, and sign up to a lockup period of six months.

Shein is targeting a valuation of $26 billion to $27 billion, the fourth source said, down sharply from the $100 billion valuation it achieved in a private fundraising in 2022.

The company had previously sought an IPO valuation of $30 billion to $40 billion when investor meetings ahead of the IPO first kicked off.

Shein did not respond to a Reuters request for comment.


France Fines UK Fashion Site Boohoo Over Fake Discounts

FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
TT

France Fines UK Fashion Site Boohoo Over Fake Discounts

FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

French regulators said Thursday that they had fined the UK fast-fashion site Boohoo 2.33 million euros ($2.7 million) after finding "deceptive trade practices" including fake sale prices.

An inquiry by France's anti-fraud and consumer watchdog DGCCRF found that clothes and other items were often promoted as discounts, when in fact they were not, or at misleading sale prices.

Other ads described items as leather or suede that were actually made of synthetic materials.

"The use of discounted pricing and permanent sales gave clients the impression they were getting very good deals, and were likely to influence their purchases," AFP quoted the fraud agency as saying.

It found that among the hundreds of items it checked, 40 percent in fact were not actually on sale, seven percent had reduced prices that did not match the discount advertised, and 48 percent were actually more expensive than originally.

"In total 95 percent of the ads were not compliant," the DGCCRF said.

Online retailer Boohoo is part of Debenhams Group. In 2021, Boohoo bought the British department store brand out of bankruptcy and took on its name.

Debenhams also now owns the brands Karen Millen, boohooMAN and PLT.


Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
TT

Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)

Estee ‌Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained spending on premium fragrances and strong performance in key markets such as China, reflecting persistent gains from its CEO's turnaround strategy.

Resilient spending by affluent ‌and younger ‌customers, especially on trendy ‌items, ⁠has helped boost ⁠demand for the cosmetics maker's luxury fragrances and skincare products such as Le Labo and Balmain Beauty.

To sustain that momentum, Estee ⁠has accelerated premium product launches, ‌streamlined ‌supply chain and ramped up investments in ‌innovation and marketing under ‌CEO Stephane de La Faverie's "Beauty Reimagined" strategy.

The Clinique and M.A.C owner, whose merger conversations with Jean ‌Paul Gaultier-owner Puig collapsed in May, expects 2027 adjusted ⁠earnings ⁠per share in the range of $3.10 to $3.35, with its midpoint above analysts' average estimate of $3.18 per share, according to data compiled by LSEG.

The company's quarterly sales of $3.63 billion were also ahead of the estimate of $3.54 billion.