Activism and 90s Glamor on Display at New York Fashion Week

File Photo: Fendi marks 25 years of the Baguette at the Hammerstein Ballroom in New York on September 9, 2022 ANDRES KUDACKI AFP
File Photo: Fendi marks 25 years of the Baguette at the Hammerstein Ballroom in New York on September 9, 2022 ANDRES KUDACKI AFP
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Activism and 90s Glamor on Display at New York Fashion Week

File Photo: Fendi marks 25 years of the Baguette at the Hammerstein Ballroom in New York on September 9, 2022 ANDRES KUDACKI AFP
File Photo: Fendi marks 25 years of the Baguette at the Hammerstein Ballroom in New York on September 9, 2022 ANDRES KUDACKI AFP

Glamor on the one hand, activism on the other: designers Tory Burch and Gabriela Hearst showcased two different approaches to New York Fashion Week on Tuesday.

'Richness and minimalism'

American designer Burch offered New York a vintage-inspired collection that veered away from her well-known prints and bright colors.

"The collections have been for me much more personal now that I'm not running the business," she told AFP after the show.

Since 2019, Burch has entrusted her husband, Pierre-Yves Roussel, with managing the company, while moving into the roles of chief creative officer and executive chair.

For the Spring/Summer 2023 edit, Burch said she thought back to when she moved to New York in the 90s and wanted to highlight "the concept of richness and minimalism" at the same time.

With sheer cotton tops, lace bras and silver shoes, Burch evoked the sleek sophistication and eroticism in vogue in the early 90s.

"I do think it's a bit sexier than what we have done in the past," she said. "And I think that women are feeling that right now. I see that that's how women want to dress, but I also love a certain elegance to it."

She said she also experimented with layering, using a jersey bandeau skirt as a recurring motif, sometimes worn over pants.

"I wanted to challenge us to push it a little further and also to have a more focused point of view," she explained.

Women's empowerment
Uruguayan designer Gabriela Hearst's show was imbued with ambiance. In an enormous warehouse with opaque windows, her models paraded down a runway lined with a gospel choir.

Gold dominated, shimmering across a cape, on a breastplate and popping against white and black accompaniments.

Long yellow and orange ponchos handsewn in Uruguay and red pantsuits also brought to mind the colors of fire.

Some pieces appeared to have been directly molded onto the models with the collection notes describing how leather had been soaked in water and then draped over a form to create unique pieces.

The theme of women's empowerment was also woven into the show.

Hearst, who is also the creative director at Chloe, said her 2023 Ready-to-Wear Collection was inspired by the ancient Greek poet Sappho and how she had shed light on the hardships women had to endure.

"This Joy," a gospel song written by Grammy winner Shirley Caesar, was performed by the Resistance Revival Chorus, which was billed as a collective of women and non-binary singers which addresses how "historically marginalized women have been in the music industry."

The catwalk cast included women's rights activist Cecile Richards, Mexican Chilean climate activist Xiye Ba and anti-toxic shock syndrome campaigner Lauren Wasser.

Hearst also said she had aimed to offset the climate footprint of her show by working with Swiss company Climeworks, which uses technology to capture carbon dioxide directly from the air.



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.