As Paris Fashion Week is Streamed, Critics Look to Future

Paris fashion week- Models wear creations by Belgian fashion designer Dries van Noten's Spring-Summer collection. (AP)
Paris fashion week- Models wear creations by Belgian fashion designer Dries van Noten's Spring-Summer collection. (AP)
TT

As Paris Fashion Week is Streamed, Critics Look to Future

Paris fashion week- Models wear creations by Belgian fashion designer Dries van Noten's Spring-Summer collection. (AP)
Paris fashion week- Models wear creations by Belgian fashion designer Dries van Noten's Spring-Summer collection. (AP)

The coronavirus pandemic has instilled extra unpredictability into the already fickle Paris Fashion Week. After first canceling the July shows for menswear and Haute Couture, the French fashion federation has now organized an unprecedented schedule of digital-only events instead.

Top houses such as Chanel, Dior and Hermes are set to show their new Fall-Winter couture collections or their Spring-Summer menswear collections online this week — but with no celebrity guests, no Vogue Editor-in-Chief Anna Wintour and none of the usual frenzied media circus.

No one from the public will be allowed to see the clothes in person at all, in fact, during this on-screen-only version of fashion week that starts Monday. Some shows will be live-streamed, and others may be pre-recorded.

The federation decided this spring that because of social distancing guidelines, Paris Fashion Week — famed for its 25-centimeter (9-inches)-a-bottom seating allowances — would skip in-person shows for a season, and return to normal, or, at least a new normal, in September, barring a second wave.

“It’s uncharted waters this season, a whole new ball game,” ODDA Magazine Editor-at-Large Jessica Michault said.

Chanel is live-streaming its couture show Tuesday after piloting such an approach in its Cruise collection in June. Hermes is presenting its show as a digital “experience" on two separate days, one streamed live and the second time as a video replay.

Dior Men’s has promised a sumptuous immersive experience — without explaining what that means — and Dior Couture is revealing a “surprise” to editors, who will admire and review glimmering silk chiffons and diaphanous taffetas from the comfort of their couches.

Valentino, meanwhile, is going “rogue” this season by unveiling an online sneak-preview during its allotted couture slot Wednesday of what it promises to be a live performance in Rome for later in the month. It says that the later event will “bring together the human and the digital touch, creating a dialogue where neither of them will take the lead.” It hasn't said whether that means actual members of the public will be allowed to attend, or given details.

The new digital Paris Fashion Week calendar isn't bad for everyone. Normally, there is one official show per hour, allowing gas-guzzling cars to crisscross Paris transporting editors to and from venues. But because there’s no need for travel this season — apart from to the kitchen to the living room and back to top up on mineral water and coffee — shows have been spaced out by only 30 minutes, effectively doubling the amount of on-calendar shows. The new gaps have been populated by smaller houses that wouldn’t normally get a look-in, and menswear newbies such as Ernest W Baker, Alled-Martinez, Cool TM and Egonlab.

“This season will definitely have changed the fashion industry moving forward, especially for smaller brands, as the digital avenue can get them bigger visibility, by being on-calendar,” Michault said. This season the calendar boasts a record 68 men’s shows over five days.

It's too early to tell whether this will sound the death knell for the traditional fashion show, but for Haute Couture, many fashion critics warn that this approach cannot do justice to the art of high luxury fashion and it just won't catch on.

“Paris is where designers show ideas, and ideas can’t come through unless the shows are presented to breathing witnesses, who can testify with emotion to live clothes and staging,” said Long Nguyen, a freelance critic who has spent decades observing fashion from the front rows.

“It’s like physically going to Tibet or viewing it online — it’s not the same experience. For commercial clothes digital streaming is fine, but couture and high fashion is different,” he added.

Paris Fashion Week has said that next season, in September's women's ready-to-wear, there will be a return to the “normal” style of physical shows, but given the persistent threat of the resurgence of the virus, houses will likely have to change the way they showcase their clothes. Paris houses may have to rent out bigger spaces to adhere to social distancing rules, or reduce audience sizes.

“Either brands will go large at giant venues like Louis Vuitton or go small and cull the guest list with fewer guests. Or go digital. Nothing beats being at a fashion show, sitting on the front row and seeing the clothes up close, but something’s going to have to give,” Michault said.

Milan menswear — which begins July 14, just as the Paris season wraps up, and runs four days — has also announced a mostly digital calendar, with just Dolce&Gabbana and Etro staging live runway shows, a month later than usual.

The coronavirus epidemic was confirmed in Italy during Milan's February shows, prompting Giorgio Armani to hold his show on Feb. 23 behind closed doors, while the fashion world watched live over streaming. Many complained at the time that the online format simply did not work as a platform to view and appreciate designs.

Nevertheless, the virus looks like it may be the catalyst for change in the whole high-fashion sector.

Saint Laurent and Gucci have used the coronavirus scare to rethink the pace of the fashion industry, announcing they will leave the four-times-a-year rhythm of the fashion calendar behind, with its shuttling of fashionistas between global capitals where they squeeze shoulder-to-shoulder around runways for 15 breathless minutes.

Last week, storied Parisian house Mugler also said it would consolidate all its annual output into two shows from four “to respect a steady growth plan and the creative pace of the Paris atelier.”



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.


Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
TT

Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo

A Paris court on Friday rejected a government request to suspend Chinese fast-fashion platform Shein in France after authorities found illegal weapons and child-like sex dolls for sale on the fast-fashion giant’s website.

Shein welcomed the decision, saying it remains committed to strengthening its control processes in cooperation with French authorities.

“Our priority remains protecting French consumers and ensuring compliance with local laws and regulations," the company said in an emailed statement to The Associated Press.

The controversy dates to early November, when France’s consumer watchdog and Finance Ministry moved toward suspending Shein’s online marketplace after authorities said they had found childlike sex dolls and prohibited “Class A” weapons listed for sale, even as the company opened its first permanent store in Paris.

French authorities gave Shein hours to remove the items. The company responded by banning the products and largely shutting down third-party marketplace listings in France.

French officials have also asked the European Commission to examine how illegal products were able to appear on the platform under EU rules governing large online intermediaries.


Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
TT

Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares rose nearly 8% in early trading on Thursday after reports Elliott Management has built a $1 billion stake in the athleisure wear maker and is working with former Ralph Lauren executive Jane Nielsen for a potential CEO role.

The Canada-based retailer said last week that Calvin McDonald will step down after nearly seven years as its top boss, sparking hopes for a leader who can reverse slowing growth and win back younger shoppers amid fierce competition from trendier players like Alo and Vuori. The stock has lost nearly half of its value this year, underscoring investor concerns over Lululemon's struggles. The company's shares were trading at $224 on Thursday.

"Elliott is famous for agitating for change. These positions aren't built overnight, so Lululemon's board probably saw this coming," said Brian Jacobsen, chief economic strategist, Annex Wealth Management.

The activist investor has been working closely for months with Nielsen, a retail veteran, a source told Reuters on Wednesday. Nielsen, who sits on the board of Cadbury parent Mondelez, has also served as finance chief at Tapestry-owned Coach.

"Lululemon is one of the most powerful brands in retail, defined by exceptional products, deeply engaged communities and significant global potential," Nielsen said in a statement to the Wall Street Journal. "I would welcome the chance to discuss this opportunity with the Lululemon board."

Elliott, Lululemon and Nielsen did not respond to Reuters requests for comment.

Analysts have said the company will need to upgrade its fabrics, use fresher designs and accelerate product launches that click with Gen Z to reclaim its "cool factor" and lure shoppers back.

With much of its sourcing tied to Asian factories facing higher import duties, Lululemon will also need to streamline its supply chain to blunt US tariff pressures and protect margins next year, analysts have said.

"Lululemon should implement fast fashions and introduce an assortment that will pull customers from Alo and Vuori - especially Gen Z customers.

Fast fashion requires a much better supply chain than is currently in use at Lululemon," said Brittain Ladd, a strategy and supply chain consultant at Florida-based Chang Robotics.

The brand's struggles have drawn sharp criticism from founder and largest individual shareholder Chip Wilson. He has also called for an urgent CEO search, led by new, independent directors with deep company knowledge to restore a product-first focus.

Wilson did not respond to a Reuters request for comment.

With a 4.3% ownership, Wilson's stake is valued at about $988 million, according to LSEG data, making Elliott one of the top shareholders in Lululemon, which is valued at nearly $25 billion.

Lululemon trades at a forward price-to-earnings ratio of 16.37, while Gap trades at 11.88 and American Eagle at 16.81, according to LSEG data.