Versace Reaches for the Stars with Glittery Hollywood Show

Alexander Edwards, left, and Cher arrive at the Versace Fall/Winter collection presentation on Thursday, March 9, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Jordan Strauss/Invision/AP)
Alexander Edwards, left, and Cher arrive at the Versace Fall/Winter collection presentation on Thursday, March 9, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Jordan Strauss/Invision/AP)
TT

Versace Reaches for the Stars with Glittery Hollywood Show

Alexander Edwards, left, and Cher arrive at the Versace Fall/Winter collection presentation on Thursday, March 9, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Jordan Strauss/Invision/AP)
Alexander Edwards, left, and Cher arrive at the Versace Fall/Winter collection presentation on Thursday, March 9, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Jordan Strauss/Invision/AP)

Decamping from her usual base in Milan to show her wares in Los Angeles — only three days before the Oscars — Donatella Versace says she was inspired by the energy, glamour and power of Hollywood. She had plenty of that, but needed one more thing to make it all work: good weather.

And so, with rain expected on Friday, Versace was forced move her show ahead by a day. It may have been chaotic, but it was the right move, The Associated Press said.

Her star-studded runway show Thursday took place on a cool but gorgeous Los Angeles evening on a spectacular rooftop overlooking the snow-capped San Gabriel mountains, sleek skyscrapers, and the Hollywood hills. Oh, and daylight ceded to darkness right as the show ended — just in time to turn on the floodlights, blast “Let’s Go Crazy” by Prince and head to cocktails.

The sun was still out when the crowd began making its way up to the roof of the imposing Pacific Design Center on Melrose Avenue, with its distinctive blue glass exterior.

Guests included a cross-section of the music, film, fashion and sports worlds: Cher was there, as was Elton John, Dua Lipa, Miley Cyrus, and Lil Nas X. From cinema, there were two best supporting actress Oscar winners — Ariana DeBose and Anne Hathaway — plus a favorite for best supporting actor this year, Ke Huy Quan. From sports, former NBA star Dwyane Wade was there with wife Gabrielle Union.

Attendees jostled to take selfies with the spectacular view behind them, and staffers warned them not to step too far backward and fall off the building.

In creating her 2023 fall-winter line, Versace harked back to a 1995 collection of Atelier Versace, the label’s couture line, with a campaign starring Madonna. Color choices began with black and included caramel and chocolate, as well as apricot, turquoise and pink. Prints included an animal print from the Versace archive and a falling flower motif.

Supermodel Gigi Hadid opened the show in a black, hourglass jacket and knee-length pencil skirt, a sleek tailored look that gradually segued to more glittery ensembles. Naomi Campbell came later, in a slinky black dress with elbow-length gloves.

After a cascade of black outfits for both women and men, a sudden burst of bright pink surfaced, in a wool cropped jacket and miniskirt, then a minidress in a tangerine hue. More than halfway through the show came the luxurious, satiny printed dresses — often minis, and accompanied by those elbow-length gloves for added glamour.

Streetwear was nowhere to be seen, and the long gloves seemed to evoke the Golden Age of Hollywood, which began in the mid-1920s and continued for several decades. Paired with the up-to-there minis, and often accessorized with big sunglasses, they aimed to create what Versace described as “energy from clashing Golden Age glamour with contemporary attitude, and confident power."

How confident? The designer has called this collection a form of armor. As for Los Angeles, Versace has called it “a natural home for us" — a place that makes her feel free and close to nature.
Los Angeles is also, of course, a city of stars — and never more than during Oscar week. The moments before the show felt like a dry run for the Oscars red carpet, with celebrities reuniting or meeting for the first time.

Dua Lipa was shown on social media meeting and sitting next to Cher. And one set of stars seemed particularly thrilled to be meeting: Ke Huy Quan of “Everything Everywhere All at Once” and Hathaway, who each expressed their fandom for the other.

“I’m fainting!” Hathaway said when she laid eyes on Quan. “Everyone is so happy for you!”

Quan replied: “I love you so much."



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
TT

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


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)
TT

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
TT

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.