Soviet and Russian Fashion Icon Zaitsev Dies

In this file photo taken on March 29, 2013 Russian fashion designer Vyacheslav "Slava" Zaitsev (C) walks on stage surrounded by models during the Fashion Week in Moscow. (AFP)
In this file photo taken on March 29, 2013 Russian fashion designer Vyacheslav "Slava" Zaitsev (C) walks on stage surrounded by models during the Fashion Week in Moscow. (AFP)
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Soviet and Russian Fashion Icon Zaitsev Dies

In this file photo taken on March 29, 2013 Russian fashion designer Vyacheslav "Slava" Zaitsev (C) walks on stage surrounded by models during the Fashion Week in Moscow. (AFP)
In this file photo taken on March 29, 2013 Russian fashion designer Vyacheslav "Slava" Zaitsev (C) walks on stage surrounded by models during the Fashion Week in Moscow. (AFP)

Vyacheslav "Slava" Zaitsev, the couturier behind world-famous Soviet fashion that was often adorned with colorful Russian folkloric motifs, died on Sunday at age 85, Russian news agencies reported.

Born into a working-class family in 1938, Zaitsev's first international recognition came in 1963 when the French Paris Match magazine wrote about his collection of overalls for female workers, according to a note posted on the website of his fashion house.

The RIA news agency reported that the bright, flowery jackets and skirts of the collection were rejected by the Experimental Clothing Factory for which Zaitsev worked.

The French press nicknamed him "Red Dior" in the 1960s.

In 1965, he began working as the artistic director of the experimental All-Union House of Fashion Models in Moscow, and some of his designs, which often implemented flowery traditional Russian patterns, were displayed in the West.

In 1969, the Museum of Modern Art in New York hosted a show of women's dresses based on sketches by Zaitsev, among others. After the show, Zaitsev received offers to open stores in the West, which the Soviet authorities rejected.

In 1979, Zaitsev left the All-Union House of Models for a small atelier, which by 1982 he turned into the Slava Zaitsev Moscow Fashion House, becoming the first Soviet designer allowed to label his clothing.

Among Zaitsev's Russian clients were music stars, actors, socialites and politicians.

The patronage of Raisa Gorbacheva, the wife of the last Soviet Union leader, Mikhail Gorbachev, elevated his international fame in the 1980s.

He also counted the former wife of President Vladimir Putin, Lyudmila, as his client.

"I was incredibly lucky that at the beginning of my conscious life I decided, thank God, what to strive for, who I should be," Zaitsev wrote in a note on his website. "Thank God, I found the meaning of life in search of Harmony and Perfection through means of the Highest art of clothing, art of painting and graphics, photography ... in life, poetry."



Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
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Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo

Italian shoemaker Geox plans to invest about 120 million euros ($125 million) as part of an industrial plan to 2029 and has signed a five-year deal with a leading Chinese operator to expand its presence in the country.

The maker of breathable, waterproof footwear said in November it would end direct operations in the unprofitable Chinese and US markets after posting a 9.7% yearly drop in nine-month revenue globally, Reuters reported. It said it would continue its business in the two countries through local partnerships.

In addition to the investments, announced in a statement late on Monday, the group said it would extend by 24 months the medium- to long-term debt repayment plans as part of a debt refinancing agreement with creditor banks including Monte dei Paschi and the Italian units of BNP Paribas and Credit Agricole.
Geox controlling shareholder LIR, the family holding of its chairman and founder Mario Moretti Polegato, will contribute up to 60 million euros to the industrial plan, the statement said.
The shoemaker expects yearly revenues above 850 million euros by 2029, compared with 720 million in 2023, with compound annual growth rate (CAGR) of 5% in the next five years, and an EBIT (earnings before interest and taxes) margin over 7% by 2029.