Thom Browne Holds a ‘Teddy Talk’ in Playful Toy-Themed Show

The Thom Browne Fall 2022 collection is modeled during his fashion show at the Javits Center on Friday, April 29, 2022, in New York. (AP)
The Thom Browne Fall 2022 collection is modeled during his fashion show at the Javits Center on Friday, April 29, 2022, in New York. (AP)
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Thom Browne Holds a ‘Teddy Talk’ in Playful Toy-Themed Show

The Thom Browne Fall 2022 collection is modeled during his fashion show at the Javits Center on Friday, April 29, 2022, in New York. (AP)
The Thom Browne Fall 2022 collection is modeled during his fashion show at the Javits Center on Friday, April 29, 2022, in New York. (AP)

The 500 audience members were sitting in neat rows, and they’d definitely gotten the memo on attire: All were perfectly dressed in a classic gray Thom Browne suit.

They were very quiet, too, perhaps because they knew Browne’s show Friday evening was a special occasion, held in New York rather than Paris where he usually stages shows, to coincide with Monday’s Met Gala. But also probably because they were stuffed animals.

To be precise, these were teddy bears, lined in tiny chairs to hear a motivational “Teddy Talk.”

It was yet another Browne extravaganza, more a slice of theater or performance art than a runway show, this time with an unusually playful vibe. In his narrated script, Browne — a consummate showman who is also one of America’s most successful designers — sought to educate the crowd of bears and humans (in bigger chairs) about finding one’s authentic self. In this case, Browne was saying, we all have a “toy version” that’s more exaggerated and crazier, but one that’s worth connecting with.

How did this high concept connect to fashion? That’s a question that Browne answers, luckily, with ensembles that are small feats of creative engineering. Here, his toy-store theme extended from countless versions of his classic gray suit, trimmed and pleated in brightly colored silks, to his whimsical handbags and footwear, like the alphabet-block purses and platform shoes, or the “Hector” handbags, inspired by his own dog, extended to toy ponies and other nursery creatures.

The show, staged in an airy theater on Manhattan’s far west side, began with two huge doors opening on an imaginary shop. A few shoppers entered in tweeds and tall, stovepipe-like hats, a vaguely 19th-century look. One group together carried an extra-long “Hector” bag, with three sets of handles.

“New York, where you come to find yourself,” announced the soundtrack. “A lifelong search, a lifetime of questions … finally and completely answered.” The “Teddy Talk” was beginning.

The speaker or “head bear” was dressed in a signature Browne gray flannel short suit, but with a teddy-themed hat and bear-like shearling gloves and platform boots. Via the soundtrack, he told his bear-filled audience about his favorite New Yorkers who had been lost, until they came to this store, “to find their true selves.”

A procession followed of 25 smartly dressed adults, both women and men in various tweeds and flannels but with the classic looks brightened with bright colors — red, white and blue trim, or sometimes gold and green. Their hair was styled in dramatic topiary-like creations amounting to head-topping modern sculptures. But the fantasy element was yet to come: a second procession of 25 more models, each a “toy version” of one of the previous 25.

These human toys had splotchy makeup and exaggerated features. The toys they represented were old-school, like Slinkys, those classic colored alphabet blocks, or jack-in-the-boxes. Each “adult” element was exaggerated — sometimes literally blown up to fantastical proportions. Accessories were particularly fanciful, especially those alphabet-block shoes — literally piles of blocks which, it must be said, were better navigated by the female models than the men.

In the front row was recent Grammy winner Jon Batiste, in a checked Browne suit, and actor-musician Leslie Odom Jr. in a cream-colored shorts ensemble, among others. Vogue’s Anna Wintour, three days away from the Met Gala she runs, was next to Andrew Bolton, head of the Met’s Costume Institute and curator of the exhibit to be launched by the gala, “In America: An Anthology of Fashion.”

The culmination of the sartorial storytelling was a “meeting” of the two groups, when both the adults and their toy versions came back out, then turned to face and actually speak to each other, laughing and smiling.

Models laughing and talking on the runway? That may have been the most unique element of all. “Finding your true self,” the speaker intoned at the end. “Unique. Authentic. Confident. Always be true to yourselves.”



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.


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
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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.