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.



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.


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
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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.