Saint Laurent Hits Paris Catwalk with Broad-Shouldered Glamour

A model presents a creation by designer Anthony Vaccarello as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Saint Laurent during Paris Fashion Week in Paris, France, February 28, 2023. (Reuters)
A model presents a creation by designer Anthony Vaccarello as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Saint Laurent during Paris Fashion Week in Paris, France, February 28, 2023. (Reuters)
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Saint Laurent Hits Paris Catwalk with Broad-Shouldered Glamour

A model presents a creation by designer Anthony Vaccarello as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Saint Laurent during Paris Fashion Week in Paris, France, February 28, 2023. (Reuters)
A model presents a creation by designer Anthony Vaccarello as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Saint Laurent during Paris Fashion Week in Paris, France, February 28, 2023. (Reuters)

Saint Laurent designer Anthony Vaccarello drew his Paris Fashion Week audience into a dark, chandelier-lined runway Tuesday night, sending out a sensual lineup of night-club-ready eveningwear derived from office classics—blazers, pinstripes and pencil skirts.

The show opened with a series of sharp-shouldered suit jackets – extra wide, double-breasted – worn over skimpy silk tops and slender, knee-skimming skirts.

Models marched down a carpeted catwalk on spiky, pointy-toed sling-backs, some with scarves trailing behind, as the styles moved between airy, feminine pussy bow blouses and more assertive masculine styles, like hulking bomber jackets and long, tailored coats in red plaid.

Aviator glasses and slicked-back hair styles completed the glamorous looks.

The set, which included low-hanging bronze chandeliers, evoked the ballroom of the Intercontinental Hotel, the label’s favored venue for haute couture collections in the late 1970s through the start of the 2000 – but transported into a "radically contemporary black-box setting", according to the label’s show notes.

The temporary venue was set in the label’s traditional spot facing the Eiffel Tower, which glittered as the last guests streamed out after the show.

The Kering-owned label grew strongly last year, passing 3 billion euros ($3.2 billion) in sales, and the group plans to expand its retail network this year.



Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
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Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group struggles to revive its key label Gucci and worries grow about a prolonged downturn in high-end spending.

Sales at the French luxury group which owns labels Gucci, Boucheron and Balenciaga, fell to 4.5 billion euros ($4.9 billion), an 11% drop on an organic basis, which strips out currency effects and acquisitions.

The figure was below analyst expectations for a 9% drop, according to a Visible Alpha consensus.

It also said second-half operating income could fall by around 30%, following a 42% drop in the first half.

Sales at Gucci fell 19%, showing no improvement from the first quarter, and below analyst expectations for a 16% decline, according to a Visible Alpha consensus.

Kering has been revamping Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit.

Minimalist designs from new creative director Sabato de Sarno, which began trickling into stores earlier this year, are key to the design reset and push upmarket, in a bid to cater to wealthier clients who are more immune to economic headwinds.

Kering chief financial officer Armelle Poulou told reporters that the designs had been well received and the rollout was on track.

But the efforts have been complicated by a downturn in the global luxury market, while China's rebound - traditionally Gucci's most coveted market - was clouded by a property crisis and high youth unemployment as Western markets came down from a post-pandemic splurge.

Earnings from sector bellwether LVMH on Tuesday missed expectations as sales rose 1%, offering few signs that a pickup is around the corner, sending shares in luxury goods companies down on Wednesday. Kering traded at its lowest level since 2017.