Hungarian Fashion Studio Builds Roma Cultural Prestige

A model dressed in Romani Design clothes walks the catwalk at a fashion show in Budapest, Hungary, November 12, 2016. Reuters/ Laszlo Balogh.
A model dressed in Romani Design clothes walks the catwalk at a fashion show in Budapest, Hungary, November 12, 2016. Reuters/ Laszlo Balogh.
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Hungarian Fashion Studio Builds Roma Cultural Prestige

A model dressed in Romani Design clothes walks the catwalk at a fashion show in Budapest, Hungary, November 12, 2016. Reuters/ Laszlo Balogh.
A model dressed in Romani Design clothes walks the catwalk at a fashion show in Budapest, Hungary, November 12, 2016. Reuters/ Laszlo Balogh.

A fashion studio in Hungary is challenging the centuries-old stereotypes faced by the country's Roma minority, and asserting a place at the table of high culture for the historically marginalized group.

Established by sisters Erika and Helena Varga in 2010, the Romani Design fashion studio has the declared mission of using fashion and applied arts to build the socio-cultural prestige of the Roma community, and to reestablish Roma culture in a modern context, The Associated Press said.

“We were one of the first brands that actually gave the answer to how to rebuild (Roma) traditions in a contemporary, modern way,” said Erika Varga, co-founder of Romani Design.

The Roma are Hungary's largest minority, and represent as much of 10% of the population in the Central European country. Like their counterparts throughout Europe, Hungary's Roma are often the subjects of social and economic exclusion, and face discrimination, segregation and poverty.

Present in Hungary since the 15th century, many of the Roma's traditions are deeply ingrained in broader Hungarian culture. Yet many of their unique customs and occupations — as well as their language, Romani — have been slowly dying out after centuries of official and unofficial marginalization.

Before starting Romani Design, the Varga sisters worked as jewelry makers and designers. But seeing that the social acceptance long sought by their community had remained elusive, they worried that valuable Roma traditions were being lost, and excluded from conceptions of what constitutes high culture.

“We wanted to sensitize the social majority, including the social elite,” Erika said. “This was important because it’s the social elite that dictates who is valuable and what position they can occupy in the social hierarchy. ... We also wanted to communicate messages to our own community that we don’t have to give up our traditional values.”

Reutilizing the floral patterns, colorful fabrics and depictions of the Virgin Mary prevalent in traditional Roma dress and folklore, Romani Design creates modern clothing, jewelry and accessories that place Roma cultural traditions into a contemporary context.

Helena, the younger of the sisters who oversees the design of their products, said many of the dresses and accessories are reflections on lived experiences she has had through growing up Roma in Hungary.

“When I design, I absolutely live my own Gypsy identity, and my roots are absolutely here in my heart and soul,” Helena said, using a term for the Roma seen as pejorative in some places but commonly used by Roma in Hungary. "I've seen how (Roma communities) live, what they wear, what kinds of houses they live in and what the interior design is like ... These memories and experiences are completely embedded in my mind when I design something.”

While some advocacy groups in Hungary push for Roma equality and social inclusion by representing elements of Roma culture like folk music and dance, the Varga sisters say that fashion is one of the most powerful means of bridging the gap between their culture and the rest of society.

“Fashion, the way we dress, the clothes we wear on our bodies can send a message so fast and so intense that it reaches its target audience very, very quickly," Helena said. "It’s very effective.”

In the world of designer fashion, choosing to shop at Romani Design represents a conscious statement of values, Helena said, and their clients usually buy their products with the intent of expressing their views on inclusion.

Most clients of the studio are "people who want more from fashion,” Erika said.

“They want to be able to express their personality as much as possible, to shape their immediate environment, and at the same time to represent values that are important in their personal lives and communities, such as the values of multiculturalism,” she said.

Six dresses by Romani Design are currently on display at an exhibition in the Museum of Applied Arts in Hungary's capital, Budapest.

The rotating exhibition, “In Circulation,” has artists choose items from the museum’s permanent collection and create their own works inspired by them. After being displayed, the new contemporary works become part of the museum’s collection — securing them for posterity to be reflected upon by coming generations.

Judit Horvath, the head of the museum's contemporary design department, said it was a mission of the museum to “thematize social problems,” and that Romani Design's appearance in the exhibition had done so successfully.

“In the context of this exhibition it was clear what the social problem is that we want to thematize,” Horvath said. ”What is this problem? The conflict, fear, discord and anger that often exists between Roma and non-Roma communities ... things that we wish were not there."



L’Oreal Shares Sink as Sales Miss Forecasts 

This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
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L’Oreal Shares Sink as Sales Miss Forecasts 

This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)

L'Oreal shares fell heavily on the Paris stock market on Friday after the cosmetics giant posted sales that fell short of analyst expectations, stoking fears of weakness for its luxury brands and in the key Chinese market.

While revenues rose seven percent in the fourth quarter in Europe -- still the company's biggest market -- they edged up just 0.7 percent in North America and fell five percent in North Asia, which includes China.

Overall, sales were up 1.5 percent to 11.2 billion euros ($13.3 billion) in the final quarter of 2025 -- usually when the company benefits from strong holiday-fueled buying.

This was a marked slowdown from the 4.5-percent growth seen the previous year.

On a like-for-like comparison that excludes the impact of currency fluctuations, sales rose six percent, whereas the consensus forecast was around eight percent, analysts said.

The luxury division (Luxe) in particular, which includes high-end perfumes and make-up and is L'Oreal's biggest by revenue, saw a 0.5-percent sales slide in the fourth quarter, to 4.2 billion euros.

"We think the miss, led by North Asia and Luxe, will be a concern amid a vague outlook," said David Hayes, an analyst at investment bank Jefferies.

L'Oreal's stock was down 3.2 percent in morning trading, partly recovering from a drop of more than six percent at the open.

Net profit for the full year was down 4.4 percent to 6.1 billion euros.

Chief executive Nicolas Hieronimus said when he presented the results on Thursday that L'Oreal had achieved a "solid" performance "despite a context that was at the very least volatile and unfavorable".

For 2026, he said the company had to be "cautious and humble", although he expected "the beauty market to continue its acceleration" unless there was "a new surprise".

"We're going to have to intensify our efforts in terms of innovation to energize the market and win over customers," he added.


Michael Kors Brings ‘New York Chic’ to NY Fashion Week with Latest Collection 

A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
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Michael Kors Brings ‘New York Chic’ to NY Fashion Week with Latest Collection 

A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)

Michael Kors launched its fall/winter collection on Thursday during New York Fashion Week as models in wool coats and monochromatic sweaters walked the runway carrying feathered bags.

The show celebrated the brand's 45th anniversary. The presentation also ‌comes just over ‌a week after Michael ‌Kors parent ⁠company Capri Holdings ⁠reported a 5.6% drop in the brand's sales in its holiday quarter attributed to reduced promotions. Michael Kors accounts for more than 80% of the company's revenue.

Models, including Alex Consani and Christy ⁠Turlington, strutted the staircase of the ‌Metropolitan Opera ‌House showing off tailored suits, embroidered florals and ‌cashmere sweater dresses inspired by the idea ‌of "no nonsense to being chic in New York," the brand's namesake said.

New York is "gritty, tough, rough, resilient, and then you turn ‌the corner and it's glamorous, opulent, and fabulous," designer Michael Kors ⁠told ⁠Reuters. "I think the balance of those two sides of things ... that is something that has informed my approach."

Actresses Gabrielle Union, Dakota Fanning and Leslie Bibb watched the show along with Vogue Chief Content Officer and Global Editorial Director Anna Wintour.

Capri Holdings shares dropped 3.39% on Thursday. They have lost 12% over the last 12 months.


Hermes Beats Sales Expectations, Sees Positive Signs in China

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
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Hermes Beats Sales Expectations, Sees Positive Signs in China

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)

Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan.

Thanks to its ultra-wealthy clients and large order backlog, the group has weathered a luxury sector slowdown better than most of its rivals, consistently increasing revenue while sales at other luxury groups, like LVMH and Kering , have been under pressure.

"The group is going into 2026 with confidence," said CEO Axel Dumas, adding that this year's ‌price increases would ‌be around 5-6%, down from a 6-7% rate in ‌2025, ⁠attributing the slower pace ⁠to currency shifts.

Hermes shares gained 2% in early trade, Reuters reported.

Chiara Battistini, luxury equity analyst at J.P. Morgan, said the price increases Hermes imposes on its deep-pocketed customers this year will be key for the company's growth outlook.

Many of its rivals have put the brakes on price rises due to falling sales. Gucci owner Kering's CEO earlier this week said a price hike "bonanza" post-pandemic had contributed ⁠to the company's revenue slide.

Sales of products, including Birkin and ‌Kelly bags, silk scarves and perfume, grew ‌by 9.8% in the fourth quarter in currency-adjusted terms, compared to an analyst consensus compiled ‌by Visible Alpha of 8.4% growth.

Sales in the Americas region, mainly ‌the United States, rose by 12.1%, beating expectations of around 9%, while sales in Asia excluding Japan - a region mainly driven by China - grew 8%.

POSITIVE SIGNS IN CHINA

In a call with analysts, Dumas said he was seeing positive signs in China, ‌a major luxury market that has slowed significantly in the past few years due to the impact of ⁠a property crash on ⁠the country's economy.

"I do not see the situation deteriorating," he said. "There are positive moves, in particular the way they are managing the property crisis."

Revenues in Hermes' leather division, which accounts for most of its profits, grew by 14.6% organically.

Hermes' full-year operating profit came in at 6.57 billion euros ($7.79 billion), with a 41% profit margin, slightly ahead of estimates of a 40% margin. The company said it would pay a dividend of 18 euros per share.

Hermes has grown its overall annual sales by around 38% in the past three years even as most of the luxury industry stalled. Its shares are up 36% over the same period.

With just 25,000 staff globally, family-controlled Hermes has become France's second-largest company by market capitalization after rival LVMH.