Fashion Designer Thierry Mugler Dies Aged 73

French designer Thierry Mugler. Credit: Britta Pedersen/DPA/AFP/Getty Images
French designer Thierry Mugler. Credit: Britta Pedersen/DPA/AFP/Getty Images
TT

Fashion Designer Thierry Mugler Dies Aged 73

French designer Thierry Mugler. Credit: Britta Pedersen/DPA/AFP/Getty Images
French designer Thierry Mugler. Credit: Britta Pedersen/DPA/AFP/Getty Images

French designer Thierry Mugler, who reigned over fashion in the 1980s and died on Sunday, was as famous for his fantastical couture as for his blockbuster fashion shows. He was 73.

Mugler's daring collections came to define the decade's power dressing, with his clothes noted for their structured and sophisticated silhouettes, showcased by his extravagant shows.

"I always thought that fashion was not enough on its own and that it had to be shown in its musical and theatrical environment," he once said.

In later years, he dressed Beyonce and Lady Gaga -- and in 2019 came out of retirement to create Kim Kardashian's Met Gala look.

"We are devastated to announce the passing of Mr. Manfred Thierry Mugler on Sunday January 23rd 2022," said a post on the designer's official Facebook account.

His agent Jean-Baptiste Rougeot, who said the designer had died of "natural causes", added he had been due to announce new collaborations early this week.

Born in Strasbourg in December 1948, as a young teen Mugler joined the Opera du Rhin's ballet company before studying at the School of Decorative Arts.

From a young age he created his own clothes, adapting items bought at nearby flea markets. He moved to Paris aged 20, initially to work with another ballet company -- but was more successful with his own wardrobe.

Mugler soon became a freelance stylist and worked for various fashion houses in Paris, London and Milan.

In 1973, he took the plunge and created his own label "Café de Paris", before founding "Thierry Mugler" a year later.

His designs exacerbated and celebrated women's forms: shoulders accentuated by padding, plunging necklines, constricted waists and rounded hips.

"Dancing taught me a lot about posture, the organization of clothing, the importance of the shoulders, the head carriage, the play and rhythm of the legs," said Mugler.

A showman at heart, he organized spectacular presentations of his creations pioneering the modern spectacle of the 21st century fashion show.

"Today's fashion shows are a continuation of what Mugler invented. The collections were pretexts for fashion shows," recalled Didier Grumbach, former CEO of Thierry Mugler.

He had showmanship in his blood: for the 10th anniversary of his label in 1984, he organized the first public fashion show in Europe with 6,000 attending the rock concert-like show.

But nothing compared to the 20th anniversary celebration in 1995, staged at the Cirque d'Hiver, AFP said.

Models including Jerry Hall, Naomi Campbell, Eva Herzigova and Kate Moss paraded alongside stars such as Tippi Hedren and Julie Newmar with the spectacle culminating in a performance from James Brown.

He was also a pioneer and advocate for trans models with Connie Fleming and Teri Toye walking his shows in the nineties.

"Me being on Mugler's runway, that should have been the end of his business," she told Interview Magazine in 2020. "But his business did not go up in smoke. How does my presence and my being offend you?"

The 1992 launch of his company's first perfume "Angel" -- in collaboration with Clarins, which acquired a stake in the company before taking control in 1997 -- was a runaway success.

Clarins shuttered part of Thierry Mugler in 2003, a year after the designer reportedly left the brand, but continued the scent business with "Angel" rivalling Chanel's No.5 for the top spot in sales.

Renowned for his work with celebrities, he counted Grace Jones and Hall among his muses, and had a long-running creative collaboration with David Bowie -- even dressing him for his wedding to Iman.

Despite seemingly retiring from fashion's frontlines in the early 2000s, Mugler continued to impact culture and worked with Beyonce on her "I am..." world tour.

In later years the designer suffered a series of accidents -- crashing his jeep and motorbike -- requiring facial surgery, and rebuilt his body with intensive bodybuilding.

As news of his death broke, his former collaborators celebrated the designer.

Diana Ross tweeted that she would miss Mugler, adding, alongside an image of the two, "this was a wonderful time in our lives".

"Rest in peace," Beyonce's website posted with a photo of Mugler.

Fleming, posting on Instagram, wrote there were "no words just devastation and sadness".

Mugler's creative director Casey Cadwallader posted on Instagram the designer had "changed our perception of beauty, of confidence, of representation and self empowerment".

He added: "Your legacy is something I carry with me in everything I do. Thank you."



Kering’s Fourth-Quarter Sales Fall Less Than Expected as Gucci Slide Continues

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
TT

Kering’s Fourth-Quarter Sales Fall Less Than Expected as Gucci Slide Continues

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)

Kering reported on Tuesday a slightly smaller-than-expected drop in fourth-quarter sales, as investors await details of CEO Luca de Meo's plans ​to revive the Gucci owner's flagging fortunes.

Sales reached 3.9 billion euros ($4.64 billion), down 3% from the previous year when adjusted for currency swings. That beat analysts' consensus forecast for a 5% drop, according to Visible Alpha.

The revenue drop was 10% at Italian flagship label Gucci, which accounts for most of Kering's profits, versus analyst expectations of a 12% decline.

It ‌was the brand's ‌10th straight quarter of revenue ‌decline.

Finance ⁠Chief ​Armelle ‌Poulou told journalists Gucci saw some improvement at the end of last year in "almost all regions", helped by newly introduced products and handbag sales.

Grappling with weak sales since the maximalist styles of Gucci's former star designer Alessandro Michele fell out of fashion in 2022, Kering has faced heightened investor scrutiny over its high ⁠debt and declining profitability.

Free cash from operations fell by 35% last year ‌when excluding one-off payments from real estate ‍sales, reaching 2.3 billion euros, Kering ‍said.

"For Kering, it's really about (restoring) the broad desirability globally," said ‍JPMorgan analyst Chiara Battistini.

Facing an uncertain business outlook, the group, which also owns Gucci Balenciaga, Bottega Veneta and Yves Saint Laurent, further reduced its store network by 75 boutiques with further closures planned, Poulou said.

The ​earnings underscored the steep challenges Kering faces to catch up with peers even though its shares have ⁠risen around 50% since de Meo's appointment was announced last June.

"2025 did not reflect Kering's true potential or the strength of our brands, but it enabled us to lay the foundations for our future recovery," said Poulou.

Kering's annual operating income reached 1.63 billion euros, less than a third of its 2022 level. Kering's operating profit margin fell to 11% group-wide and 16% at Gucci, down from 28% and 36% three years earlier.

By contrast, LVMH delivered a 22% margin last year amid ‌a broader luxury slowdown, with its leather and fashion division - home to Louis Vuitton and Dior - hitting 35%.


Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
TT

Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)

Belgian fashion designer Pieter Mulier has been named the new creative director of the Milan fashion house Versace starting July 1, according to an announcement on Thursday from the Prada Group, which owns Versace.

Mulier is currently creative director of the French fashion house Alaïa, and was previously the right-hand man of fellow Belgian designer and Prada co-creative director Raf Simons at Calvin Klein, Jil Sander and Dior.

In his new role, Mulier will report to Versace executive chairman Lorenzo Bertelli, the designated successor to manage the family-run Prada Group. Bertelli is the son of Miuccia Prada and Prada Group chairman Patrizio Bertelli.

“We believe that he can truly unlock Versace’s full potential and that he will be able to engage in a fruitful dialogue,’’ The Associated Press quoted Lorenzo Bertelli as saying of Mulier in a statement.

Mulier takes over from Dario Vitale, who departed in December after previewing just one collection during his short-lived Versace stint.

Mulier was honored last fall by supermodel and longtime Alaïa muse Naomi Campbell at the Council of Fashion Designers of America for his work paying tribute to brand founder Azzedine Alaïa. Mulier took the creative helm in 2021, after Alaïa’s death.


Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
TT

Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo

Ralph Lauren posted third-quarter results above Wall Street estimates on Thursday, but the luxury retailer's warning of margin pressure tied to US tariffs sent its shares down nearly 6.4% in premarket trading.

The company expects fourth-quarter margins, its smallest revenue period, to shrink about 80 to 120 basis points due to higher tariff pressure and marketing spend.

Ralph Lauren, which sources its products from regions such as China, India and Vietnam, has relied on raising prices and reallocating production to regions with lower duty exposure to offset US tariff pressures, Reuters reported.

"Ralph Lauren has been able to raise prices for some time now. There is some limit on how long it can continue to do this. I think (the company's) gross margins are near peak levels," Morningstar analyst David Swartz said.

The company, which sells $148 striped linen shirts and $498 leather handbags, has tightened inventory, lifted full-price sales and refreshed core styles, boosting its appeal among wealthier and younger customers, including Gen Z.

Higher-income households are still splurging on luxury items, travel and restaurant meals, while lower- and middle-income consumers are strained by higher costs for rents and food as well as a softer job market.

The New York City-based company saw quarterly operating costs jump 12% year-on-year as it ramped up brand building efforts through sports-focused brand campaigns such as Wimbledon and the US Open tennis championship.

The luxury retailer said revenue in the quarter ended December 27 rose 12% to $2.41 billion, above analysts' estimates of a 7.9% rise to $2.31 billion, according to data compiled by LSEG.

It earned $6.22 per share, excluding items, compared to expectations of $5.81, aided by a 220 basis points increase in margins and an 18% rise in average unit retail across its direct-to-consumer channel.

Ralph Lauren now expects fiscal 2026 revenue to rise in the high single to low double digits on a constant currency basis, up from its prior forecast of a 5% to 7% growth.