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."



Sports Brand Puma Reports Flat First-Quarter Sales, Maintains 2025 Outlook 

A Puma logo is seen on a Puma Speedcat OG sneaker displayed at the Puma Mostro House in Paris, France, January 24, 2025. (Reuters)
A Puma logo is seen on a Puma Speedcat OG sneaker displayed at the Puma Mostro House in Paris, France, January 24, 2025. (Reuters)
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Sports Brand Puma Reports Flat First-Quarter Sales, Maintains 2025 Outlook 

A Puma logo is seen on a Puma Speedcat OG sneaker displayed at the Puma Mostro House in Paris, France, January 24, 2025. (Reuters)
A Puma logo is seen on a Puma Speedcat OG sneaker displayed at the Puma Mostro House in Paris, France, January 24, 2025. (Reuters)

German sportswear brand Puma reported flat first-quarter sales and a decline in its profit margin on Thursday, and maintained its 2025 outlook, excluding any impact from US tariffs.

Puma replaced its CEO last month after a string of profit warnings as the company struggled to drive consistent sales growth, with its new shoes ranges like the Speedcat not doing as well as the company had expected.

Shares were up around 2% in early trading on Thursday. Puma's stock is down 47% since the start of the year, as missed sales and profit expectations weigh.

First-quarter sales of 2.08 billion euros ($2.35 billion) were slightly better than analysts' average forecast of 2.04 billion euros, and up 0.1% from the first quarter of last year.

Weaker sales to retailers in the US and China drove Puma's wholesale business - its main sales driver - down by 3.6%, but stronger online sales helped its direct-to-consumer business grow 12% to 546.5 million euros.

Puma has named former Adidas sales chief Arthur Hoeld as its new CEO to turn performance around. The board is leading the company until Hoeld takes over on July 1.

The company's gross profit margin for the first quarter declined by 0.6 percentage points to 47%.

Puma stuck to its 2025 outlook for "low-to mid-single-digit" sales growth, but said that excludes any impact from US tariffs.

It has already reduced its US imports from China, which are subject to tariffs of 145%, Chief Financial Officer Markus Neubrand said.

Like its competitors Adidas and Nike, Puma would be hit hard if US President Donald Trump reinstates steep tariffs on Southeast Asia, currently paused until July.

Puma buys 28% of its products from factories in China, with Vietnam a close second at 26%, and Cambodia producing 16%.

It plans to cut 500 corporate positions globally by the end of the second quarter as part of a cost-cutting drive, Neubrand said in March.