Paris Fashion Week Gets Back on the Catwalk after Almost Two Years Online

Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
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Paris Fashion Week Gets Back on the Catwalk after Almost Two Years Online

Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP
Paris Fashion Week returns in real life after nearly two years online as a result of the pandemic. Vianney Le Caer, Invision, AP

The city may still be deep in the throes of the Omicron surge and adapting to the latest Covid restrictions, but Paris Fashion Week will nevertheless launch Tuesday.

The industry is determined to get back on the catwalks after nearly two years during which most brands were forced to retreat online, AFP said.

Despite the complications caused by the pandemic, the fashion community is stepping out regardless. Most fashion houses are returning to live shows as the menswear week kicks off, followed immediately by haute couture shows.

Some 17 of the 76 brands of the official Paris menswear calendar -- including big names like Dior, Hermes and Rick Owens -- will be back on the catwalk, up from just six last summer.

And nearly 30 others are opting for other types of in-person event -- inviting journalists, buyers and other taste-makers to less formal gatherings around the French capital.

There will be a bittersweet taste to the first week, however, as Louis Vuitton presents the final collection from US designer Virgil Abloh, who died in November at the age of 41 after a private battle with cancer.

Such is the interest around Abloh, a close partner of Kanye West who helped break through glass ceilings for black designers, that Louis Vuitton is presenting the show twice on Thursday.

Many are also excited to see what streetwear veteran Nigo does as the new artistic director of Kenzo.

And there is hype, too, around French label Egonlab, launched two years ago with a series of arty videos and now making its first foray in the official calendar.

"To present your work alongside the big houses that greatly influenced us -- it does something to you," said co-founder Florentin Glemarec.

Nonetheless, like many fashion newcomers, Egonlab is embracing both the live and online worlds, with a line of NFTs and Metaverse digital clothing that it is developing in partnership with footwear brand Crocs.

'Caught in the crossfire'

Haute couture designers are also returning to the catwalk, with 18 of 29 houses planning live shows -- albeit with the now-common caveat that the virus might throw a last-minute spanner in the works.

Some changes have already been announced: the Sidaction charity evening to raise money for AIDS research, that traditionally marks the end of the haute couture week, has been postponed until July.

Giorgio Armani cancelled his menswear show in Milan and haute couture show in Paris over the latest surge in Covid cases.

That decision sparked a sense of deja-vu as it was the 87-year-old Italian maestro who was first to cancel his catwalk shows in the early days of the pandemic in February 2020.

"It's their choice," said Pascal Morand, head of France's Federation for Haute Couture and Fashion.

He said the federation makes several recommendations including the use of FFP2 masks, but he was happy to see brands returning to the live sphere.

"We have learned to live with the virus," he told AFP. "Digital enriches the physical, but it can't replace the emotion and sensory side of the runway shows."

Some still feel uneasy about returning to in-person events.

"I feel caught in the crossfire," said Jean Paul Cauvin, director of haute couture brand Julien Fournie, who has had to deal with the disruption of positive tests among models and workshop workers.

"We would be frustrated not to be on the catwalk, but I hope we don't create an haute couture cluster," he told AFP.



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
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Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


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
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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.