Dior Transforms Mumbai’s Gateway of India into Fashion Ramp

Models present creations from Christian Dior's Fall 2023 collection during a fashion show in Mumbai on March 30, 2023. (AFP)
Models present creations from Christian Dior's Fall 2023 collection during a fashion show in Mumbai on March 30, 2023. (AFP)
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Dior Transforms Mumbai’s Gateway of India into Fashion Ramp

Models present creations from Christian Dior's Fall 2023 collection during a fashion show in Mumbai on March 30, 2023. (AFP)
Models present creations from Christian Dior's Fall 2023 collection during a fashion show in Mumbai on March 30, 2023. (AFP)

In a glittering splash of luxury fashion, Dior transformed Mumbai’s grand, historic Gateway of India monument into a runway laden with celebrity, beauty and craftsmanship.

Flanked by the brightly lit, iconic Taj Mahal Palace hotel, the spectacular decor turned the heritage site in India’s entertainment and business capital into a blend of color and style as the models lined up Thursday to showcase the Paris fashion house's 2023 pre-fall collection.

The runway, lined with traditional Indian floral designs, reverberated with fusion beats from live musicians as Indian artistry and craftsmanship took center stage in creative director Maria Grazia Chiuri’s collection.

The lineup featured silk dresses, evening coats and sari-inspired skirts that referenced traditional Indian silhouettes. The show opened with an array of neutrals, subtly transitioning to forest green before giving way to a blaze of bright colors and patterns. Throughout it all, most of the models sported strings of pearls wound around their necks.

“I personally wanted to celebrate and showcase the incredible knowledge India offers to the international world of fashion in the field of embroidery, the mastery of the artisans who continue to work on this craft, and the commitment of Chanakya’s founders to preserving India’s history and culture, portrayed by each embroidery technique,” Chiuri said in an Instagram post.

Dior has had a long association with India through the Mumbai-based atelier Chanakya, which works with artisans and underprivileged women. The show brought the spotlight back on India’s luxury fashion market where major Western fashion brands like Pierre Cardin, Yves Saint Laurent and Valentino have presented their collections in the past.

India, now the world’s fifth-largest economy, has always been known for its intricate embroidery art, opulent textiles and embellishments. With a young and aspirational middle class that has easy access to internet — and a rising number of uber-rich — it is fast emerging as a key consumer market for international fashion labels.

Many Indian designers have also opened stores in the global fashion capitals like New York and Dubai and have been showcasing their collections during international fashion weeks.

To flesh out the guest list, Dior drew on a range of A-list invitees from India and elsewhere. Bollywood actors in attendance included the legendary Rekha, fashion icon Sonam Kapoor Ahuja and Anushka Sharma, accompanied by her husband, Indian cricketer Virat Kohli.

Western celebrities of Indian origin or descent — like Freida Pinto, Simone Ashley of “Bridgerton”, sitarist Anoushka Shankar and Vanity Fair editor-in-chief Radhika Jones — took in the show. Other guests included actor Maisie Williams from “Game of Thrones” and Thai actors Mile and Apo from “KinnPorsche.”



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.