Kim Kardashian Culls Dolce & Gabbana Archives for Milan Show

A model presents a creation for Dolce & Gabbana's Women's Spring Summer 2023 fashion collection on September 24, 2022 as part of the Fashion Week in Milan. (AFP)
A model presents a creation for Dolce & Gabbana's Women's Spring Summer 2023 fashion collection on September 24, 2022 as part of the Fashion Week in Milan. (AFP)
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Kim Kardashian Culls Dolce & Gabbana Archives for Milan Show

A model presents a creation for Dolce & Gabbana's Women's Spring Summer 2023 fashion collection on September 24, 2022 as part of the Fashion Week in Milan. (AFP)
A model presents a creation for Dolce & Gabbana's Women's Spring Summer 2023 fashion collection on September 24, 2022 as part of the Fashion Week in Milan. (AFP)

Kim Kardashian took Milan by storm on Saturday, curating a new collection for Dolce & Gabbana that took inspiration from 20 years of archival looks.

It was a day of debuts in Milan, including Maximilian Davis, a 27-yeaer-old British designer with Afro-Caribbean roots, at the creative helm of Salvatore Ferragamo and Filipino American designer Rhuigi Villasenor at Bally, as the brand returns to the runway for the first time in 20 years.

Some highlights from the fourth day of Milan Fashion Week previews of mostly womenswear for next spring and summer:

Kim Kardashian and Dolce & Gabbana: The backstory
Kim Kardashian’s love of Dolce & Gabbana goes way back, and the affection showed in her curation of their latest collection, drawing on archival looks from 1987-2007.

She remembers growing up watching her mother dress in Dolce & Gabbana for date nights with her stepfather, recalling “she always looked so smart and so strong.”

One year, Kardashian’s borrowed one of her mom’s black Dolce & Gabbana dresses with a built-in bra and choker to wear for a family Christmas card, a look, she said, “I will never forget.”

When Kardashian and her sisters owned a store, she borrowed her father’s credit card to buy a bunch of D&G dresses, jeans and belts before her paycheck came in.

Even the family dogs were named Dolce and Gabbana. Gabbana was a black labrador, Dolce a tiny chihuahua.

“It is very close to reality,” Stefano Gabbana quipped in a presentation for the new collection.

But no matter how hard she tried, even deploying her mother, Kris Jenner, to help make her case, the designers refused to open their archives. “The past is the past,” Domenico Dolce explained. “We try to go ahead with the new generation.”

That is, until Kardashian proved she had the right stuff.

When Kourtney Kardashian married Travis Barker in Italy, social media swarmed with the vintage Dolce & Gabbana dresses she and her sisters wore. They were all from Kim Kardashian’s private collection, which she accrued with the help of a book of more than 100 desired Dolce & Gabbana looks she and her stylist compiled years before.

“Everything looked insane. It was so fun,” Kardashian said of the wedding looks. “I think (the designers) were surprised I came with all my own stuff and I had been collecting it for years.”

Dolce said the wedding photos persuaded them to dig into the archives, and he approached Kardashian about the project.

“We were afraid that the vintages dresses would look old. Instead, they were still contemporary,” Dolce said.

And so the new Spring-Summer 2023 collection was born, with the designers selecting looks from the past that they loved, many with memories attached working with models like Linda Evangelista and Monica Bellucci. Kardashian curated from there.

“After all these years, this is all of the stuff we would wear today,” Kardashian said. “As a designer, I would just think that is so cool, to see everyone trying to emulate the looks. And why not do a full collection, obviously with some new pieces in there, but just reimagined in a way that we would wear it today, which is so similar to how it was shot and worn back then.”

Hashtag ciao,Kim at Dolce & Gabbana

Designers Dolce and Gabbana presented their Spring-Summer 2023 collection curated by Kim Kardashian against the backdrop of a film showing Kardashian, styled as a starlet, sensually eating a plate of pasta.

And indeed, Kardashian’s curation showed her full embrace of Dolce & Gabbana’s Italian roots.

“You just don’t take shit from anyone when you are here and wearing Dolce & Gabbana,” Kardashian told reporters. “You feel powerful, and strong and sexy at the same time.”

Lingerie strongly inspired the collection. There were corsets, incorporated bras and bodysuits, employing all of the designer’s best tricks, from rigid bones for structural elements, to pretty lace and eye-catching crystals. They were worn with gartered stockings and long gloves, or under beautiful wraps.

Kardashian adhered to a mostly neutral palette: black, gray and beige, with some burgundy. And she the drew the line at prints, completely rejecting the brand’s fruits and florals, causing Gabbana to lament: “She killed me. I said ‘Noooo!’”

But she went all in on the leopard.

“I would say the boys brought out the leopard in me,” Kardashian said. “I think you will see that for me, color is the crystals.’’

The collection was designed with women of all ages and shapes in mind, Kardashian said, with the goal of simplifying designs to help some of the more ornate pieces feel less intimidating.

“If you simplify it, more people can feel confident wearing it. And I think we really achieved that in the show,” she said.

Kardashian’s mom, three of her children and sister Khloe sat in the front row. Proud mamma Kris Jenner filming the entire show on her phone.

Jil Sander’s tranquility
Jil Sander created a tranquil island in Milan’s chaotic fashion week, filling a temporary show space in a distant field with a thicket of wildflowers and grasses, along with soothing pastels and forgiving silhouettes.

The collection lends itself to easy layering and defies all gender stereotypes. Creative directors Lucie and Luke Maier continued to dabble in embellishments, adding sequins, feathers and metallic accents to the brand’s minimalist silhouette.

Sleeveless suiting worked across genders, and men wore long pastel kilts with button-down shirts. Knitwear was distressed, with rough edges and slits, in both tops and dresses. The designers chose a single print, featuring blurry points of light.

Models carried umbrellas to protect the looks from the seasonal rainfall -- inconvenient for an outdoor show but welcome in Italy after months of drought.

Ferragamo’s new dawn
Maximilian Davis created a vermillion red background for his Salvatore Ferragamo debut in the courtyard of a 17th century baroque and neoclassical palace — all the better to highlight the fashion house’s new direction.

The 27-year-old British designer worked strong silhouettes and simple elements, like tank tops and leggings, or full-on bodysuits, all the better to highlight the bag of the season, oversized cutout bags in highly polished leather with a canvas interior. Dresses were slinky in solid colors or flowing chiffon in degradé prints; a red trouser and skin-tight top combo popped with crystals. Strappy sandals featured a distinctive circular heel.

The male silhouette was challenged with an off-shoulder, sheer ombre dyed top, the colors an homage to the California sunset. Davis tapped Ferragamo’s leather heritage with boyishly short leather shorts paired with a leather blazer. Any male divo can make a red-carpet entrance with a silver sheer off-shoulder top that flows dramatically into a trailing scarf.

Models trod across red sand that covered the entire courtyard, a reference to Ferragamo’s Hollywood origins near the California beaches, and Davis’ own Caribbean heritage.

The sea and the sand mean for him “a place where you can go to reflect, and feel at one,” he said. “I wanted to show that perspective, but now through the Ferragamo lens.”

Super model Naomi Campbell turned out for the debut.

Bally rebooted
Filippino American designer Rhuigi Villasenor, best known for his US streetwear brand, is seeking to drive a transition at the storied Swiss brand Bally, founded in 1851.

His debut collection paid tribute to the brand’s heritage of quiet elegance, while introducing an edge. A plunging V-neck swimsuit was worn with snakeskin boots, while a long beaded skirt featured a waist-high slit and was paired casually with a denim top. For him, a flashy reptile leather jacket was worn with a mesh top and jeans, but there was also a dark blue double-breasted suit for more formal business occasions.

Villasenor said he was inspired by “the brand’s codes around art, graphic design, architecture and nature.”

Bottega Veneta’s tromp l’oeuiel
To the uninitiated, Kate Moss looked downright dressed down on the Bottega Veneta runway, in a pair of loose jeans and a plaid shirt. But that is the genius of designer Matthieu Blazy, who replayed a trick from his first season, showing leather pants that replicate the look of jeans.

Every piece in Blazy’s sophomore collection was strong: from the intarsia knitwear that have ice blue and red vying for the starring role, to the leather shift dresses and jackets with unexpected folds, to the shredded leather skirts and dresses, and sheer dresses embellished with velvety floral appliques.

At Bottega Veneta, leather is king. Bags include beautifully crafted fishing bags that fit neatly on the body, either in flat leather or a basket weave, to bucket-bags worn flung over the shoulder.

Blazy collaborated with Italian architect and designer Gaetano Pesce on the sculptural resin runway and 400 unique chairs, some with hand drawings, used for guests at the show and destined for Design Miami.



Hummingbirds and Hooves Take over the Red Carpet at Met Gala 

US actress Zendaya arrives for the 2024 Met Gala at the Metropolitan Museum of Art on May 6, 2024, in New York. The Gala raises money for the Metropolitan Museum of Art's Costume Institute. The Gala's 2024 theme is “Sleeping Beauties: Reawakening Fashion.” (AFP)
US actress Zendaya arrives for the 2024 Met Gala at the Metropolitan Museum of Art on May 6, 2024, in New York. The Gala raises money for the Metropolitan Museum of Art's Costume Institute. The Gala's 2024 theme is “Sleeping Beauties: Reawakening Fashion.” (AFP)
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Hummingbirds and Hooves Take over the Red Carpet at Met Gala 

US actress Zendaya arrives for the 2024 Met Gala at the Metropolitan Museum of Art on May 6, 2024, in New York. The Gala raises money for the Metropolitan Museum of Art's Costume Institute. The Gala's 2024 theme is “Sleeping Beauties: Reawakening Fashion.” (AFP)
US actress Zendaya arrives for the 2024 Met Gala at the Metropolitan Museum of Art on May 6, 2024, in New York. The Gala raises money for the Metropolitan Museum of Art's Costume Institute. The Gala's 2024 theme is “Sleeping Beauties: Reawakening Fashion.” (AFP)

From Bad Bunny's Tudor-inspired hat and shoes resembling cloven hooves to the hummingbird perched delicately on Zendaya's neck, the hosts set the tone at fashion's biggest night -- the annual Met Gala in New York.

Florals, animals and vintage couture abounded at the so-called Oscars of the East Coast, a mammoth fundraiser for the Metropolitan Museum of Art's Costume Institute.

The extravaganza's dress code this year is "The Garden of Time" -- which draws inspiration from the 1962 short story of the same name, written by English writer J.G. Ballard.

In essence, it is about the ephemeral nature of beauty -- perhaps a weighty theme to press on the luminaries attending this year's gala.

For sheer drama, co-host Zendaya dominated the green and cream carpet in her first appearance at the Met Gala since 2019.

The 27-year-old star made a highly-anticipated appearance early on wreathed in jewel-toned lame, organza and satin designed by John Galliano, with vines crawling up her duchess corset and arms -- and what appeared to be a hummingbird nestled into her neck.

Hours later she made a surprise second appearance -- this time in dramatic, Mexican Gothic-inspired black, her two outfits bookending the fashion parade and underscoring the transience of beauty.

Most attendees chose to evoke awakenings and life -- and perhaps defied the theme by demonstrating the immortality of fashion through the centuries, with many 17th and 18th century flourishes.

Some -- such as singer Lana del Rey -- emphasized decay, with stark sculptural twigs rising from her gown to hold a veil of tulle like a canopy over her head.

South African singer Tyla's strapless Balmain gown evoking the sands of time -- right down to the hourglass purse -- was sculpted so tightly to her body that she had to be carried up the steps at the Metropolitan Museum of Art.

Puerto Rican singer Bad Bunny evoked a kind of Tudor matador with a sweeping hat and a black bouquet, with the only pop of color his bright red inseam and the patent shine of his cloven shoes.

Cardi B was resplendent in funereal black, with a train so expansive it required nine tuxedoed men to lift it up the stairs.

"It's a black rose," she told journalists.

- 'Mysterious and unexpected' -

Celebrity interpretation of Met Gala themes have been wide-ranging and often sparked social media debate -- but attendees this year appeared to shrug off the pressure.

"I don't even think there's pressure at all, I think it's more of an opportunity," actor Colman Domingo, who carried a bouquet in a lily-colored caped jacket and wide-leg trousers, told journalists.

The theme parallels the exhibit "Sleeping Beauties: Reawakening Fashion," which focuses on the most fragile pieces of the Costume Institute's vast collection.

The show, which will be on view for the public from May 10 through September 2, features clothing so delicate it cannot be displayed on mannequins.

The Costume Institute relies on the blockbuster Met Gala to fund its work, including exhibitions and acquisitions.

The gala was first held in 1948 and for decades was reserved for New York high society. Vogue Editor-in-Chief Anna Wintour, the high priestess of US fashion, took over the show in the 1990s, transforming the party into a catwalk for the rich and famous.

This year, a ticket cost a cool $75,000, with tables starting at $350,000. The 2023 gala -- which celebrated the late designer Karl Lagerfeld -- raised nearly $22 million, a record sum.

But what exactly goes on inside is an enduring mystery.

"Something mysterious, I'm sure, and unexpected," actor Jeff Goldblum told journalists on the red carpet, dressed as a count swathed in Tiffany jewels.

Guests are likely to peruse the exhibit, and stars such as Rihanna -- whose command of the red carpet is usually unparalleled, but who did not appear at this year's gala -- have performed in the past.

- Social media frenzy -

The spectacle is social media catnip for celebrity watchers -- and once again this year, both the gala and the exhibit are co-sponsored by TikTok.

The tech world joined luminaries of music, film, politics and sports on the carpet, with TikTok CEO Shou Chew, also an honorary co-chair, in attendance.

Outside the event, several hundred protesters against the war in Gaza demonstrated nearby, with security tight and several arrests made as stars walked the red carpet.


Online Retailer Zalando Grows Marketplace, Customer Numbers Fall

FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
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Online Retailer Zalando Grows Marketplace, Customer Numbers Fall

FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa
FILED - 03 March 2021, Berlin: The logo of online retailer Zalando is pictured on the Zalando Campus at Mercedes-Platz in Berlin. Photo: Jens Kalaene/ZB/dpa

Zalando swung to growth in the first quarter after three consecutive declines in gross merchandise volume, the online retailer said on Tuesday, but a decline in active customers and orders dampened the online retailer's results.
Quarterly gross merchandise volume (GMV) - a key revenue metric measuring the total value of all goods sold - rose 1.3% to 3.27 billion euros ($3.52 billion) from 3.23 billion in the year-earlier period, the German online fashion retailer said.
But analysts focused on a decline in active customers to 49.5 million from 51.2 million a year prior, and a 0.6% dip in quarterly revenue, Reuters reported.
As inflation has dented consumers' appetite to buy clothes, Zalando has sought new revenue drivers and started offering its platform and logistics network as a service to other retailers and brands. Revenue from this business-to-business (B2B) service was up 13% at 215 million euros.
"As we are executing our ecosystem strategy, we are excited by the positive response from customers and partners in the first quarter. We are returning to growth," said Dr. Sandra Dembeck, Zalando's chief financial officer.
Along with weaker demand, increased competition by fast fashion rivals such as Shein have weighed on Zalando's revenue. In response, Zalando is adding more premium brands to pursue a bigger share of customers' wallets, rather than trying to compete on price with Shein, which sells $5 T-shirts and $10 shoes.
Zalando said its average basket size increased to 60.4 euros, from 57.3 euros a year earlier.
Zalando has also developed a tool to predict sizing based on photos submitted by customers, and said it launched the service in Spain, France and Italy in the first quarter. The tool aims to ensure customers order items in the correct size, to reduce the amount of returns, a key threat to profit for Zalando and other online retailers.
Adjusted earnings before interest and tax (EBIT) swung to a profit of 28.3 million euros from a loss of 0.7 million euros a year earlier.
The company confirmed its outlook for GMV and revenue to grow as much as 5% in 2024, and adjusted EBIT to be 380 million to 450 million euros.


Saudi Fashion Commission Announces Grand Opening of ‘The Lab' in Misk City

The Saudi Fashion Commission will unveil Tuesday “The Lab”, an  initiative demonstrating a monumental shift in the local fashion industry. (SPA)
The Saudi Fashion Commission will unveil Tuesday “The Lab”, an initiative demonstrating a monumental shift in the local fashion industry. (SPA)
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Saudi Fashion Commission Announces Grand Opening of ‘The Lab' in Misk City

The Saudi Fashion Commission will unveil Tuesday “The Lab”, an  initiative demonstrating a monumental shift in the local fashion industry. (SPA)
The Saudi Fashion Commission will unveil Tuesday “The Lab”, an initiative demonstrating a monumental shift in the local fashion industry. (SPA)

The Saudi Fashion Commission is excited to unveil Tuesday “The Lab,” the first of its kind in the Kingdom, a state-of-the-art product development studio that is poised to revolutionize the fashion manufacturing landscape in Saudi Arabia, the Saudi Press Agency said.
Located at The City Hub in Mohammed bin Salman Nonprofit City (Misk City), The Lab is a flagship initiative demonstrating a monumental shift in the local fashion industry. It reflects the commission's commitment to elevating manufacturing capabilities and fostering innovation within the Kingdom.
By providing cutting-edge manufacturing facilities, The Lab enables local designers, brands, and fashion entrepreneurs to actualize their creative visions, proudly under the “Made in Riyadh” label.
The grand opening of The Lab represents a pivotal moment for the Saudi fashion sector, signaling new opportunities for growth, collaboration, and global competitiveness. Attendees will experience firsthand the advanced technologies and collaborative environment that The Lab offers, marking a significant step towards achieving a vibrant and sustainable fashion industry in Saudi Arabia.
“The Lab showcases the groundbreaking advancement in Saudi Arabia's fashion industry,” said Saudi Fashion Commission CEO Burak Cakmak. “As the premier facility of its kind in the region, located in the heart of Riyadh, it streamlines the manufacturing process, empowering our local designers and brands to effortlessly realize their creative visions. By nurturing innovation and providing essential support throughout the fashion cycle, we not only foster creativity but also champion sustainable practices within the industry. The establishment of The Lab, a local product development studio, exemplifies our profound commitment to cultivating a thriving fashion ecosystem right here in Saudi Arabia.”
“The opening of The Lab at Misk City marks a significant milestone for the fashion industry in Saudi Arabia,” said Misk City CEO David Henry. “This state-of-the-art product development studio will not only revolutionize fashion in the Kingdom but also empower local designers and entrepreneurs to showcase their creativity on a global stage, especially since Misk City will contribute significantly to promoting distinguished national brands in the field of fashion in addition to supporting local companies. We are proud to be part of this transformative project and look forward to seeing the positive impact it will have on the industry.”
The partnership will enable enhanced cooperation between both entities to develop education and training programs for young Saudi designers, explore opportunities for incubation of entrepreneurs, and attract talent and investors to the Kingdom’s fashion sector. The partnership also lays the foundation for cooperation in hosting various fashion-related events and festivals at Misk City.
Esteemed members of the fashion industry, media, and government representatives are anticipated to attend Tuesday, highlighting the broad support for this transformative project in inaugurating the space. The event will showcase local fashion talents and demonstrate the potential housed within this innovative facility.
The Saudi Fashion Commission invites practitioners, brand owners, and designers in the fashion industry to join this historically exceptional space to be part of the dawn of a new era in fashion manufacturing. It aims to develop the fashion sector in Saudi Arabia through strategic initiatives that fosters innovation and talents, promote economic diversification, and enhance cultural exchange.


Red Sea Fashion Week Makes Its Debut in May 2024

Red Sea Fashion Week Makes Its Debut in May 2024
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Red Sea Fashion Week Makes Its Debut in May 2024

Red Sea Fashion Week Makes Its Debut in May 2024

The inaugural edition of the Red Sea Fashion Week, an initiative by the Saudi Fashion Commission, will be held from May 16 to 18 at the brand-new St. Regis Red Sea Resort development in Saudi Arabia.

The three-day event will kick off with an opening show, followed by two days of runway shows and activations, featuring luxury fashion, jewellery, Ready-to-Wear, and Resort Wear collections from both Saudi and international designers.

A pivotal moment for Saudi Arabia's fashion industry and its integration into the global market, Red Sea Fashion Week is strategically aligned with the objectives of Vision 2030 to diversify the economy and develop cultural sectors.

By showcasing local talent and facilitating connections with international buyers and media, the event underscores Saudi Arabia's commitment to becoming a hub for luxury fashion and cultural exchange.

Chief Executive Officer of the Saudi Fashion Commission Burak Cakmak stated: “With Red Sea Fashion Week, we set out to forge a distinctive and dynamic platform that not only highlights the vast creativity and skill within Saudi Arabia but also elevates our nation as a key player on the global fashion stage.”

“This initiative is a vibrant testament to our dedication to cultivating local talent and integrating them into the international arena, resonating deeply with the Kingdom's Vision 2030 goals of enriching our cultural fabric and broadening our economic horizons,” he added.

The inaugural Red Sea Fashion Week represents a significant step in Saudi Arabia's journey to redefine the fashion landscape and celebrate its diverse cultural heritage. Fostering a dynamic fashion community with global appeal, the Saudi Fashion Commission aims to propel the creative economy and establish the Kingdom as an international fashion destination.


It's (Almost) Met Gala Time. Here's How to Watch Fashion's Big Night and What to Know

FILE - Zendaya attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “Camp: Notes on Fashion” exhibition on May 6, 2019, in New York. (Photo by Evan Agostini/Invision/AP, File) (Evan Agostini / Evan Agostini/invision/ap)
FILE - Zendaya attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “Camp: Notes on Fashion” exhibition on May 6, 2019, in New York. (Photo by Evan Agostini/Invision/AP, File) (Evan Agostini / Evan Agostini/invision/ap)
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It's (Almost) Met Gala Time. Here's How to Watch Fashion's Big Night and What to Know

FILE - Zendaya attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “Camp: Notes on Fashion” exhibition on May 6, 2019, in New York. (Photo by Evan Agostini/Invision/AP, File) (Evan Agostini / Evan Agostini/invision/ap)
FILE - Zendaya attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “Camp: Notes on Fashion” exhibition on May 6, 2019, in New York. (Photo by Evan Agostini/Invision/AP, File) (Evan Agostini / Evan Agostini/invision/ap)

Attention all you fashionistas: It's Met Gala time. Yes, the first Monday in May is upon us.
Looking to follow along? Here's a quick primer on what you need to know about the palooza of A-list celebrities from film, fashion, music, sports, politics and social media.
That's tricky. Vogue has the exclusive livestream, which starts at 6 p.m. Eastern at Vogue.com. The feed will also be available on Vogue's digital platforms, including TikTok and YouTube.
Tons of other media will be on site, too. Catch the action on E!, also starting at 6 p.m., with livestreams on X, TikTok, Instagram and Peacock.
The Associated Press will be live outside the Mark Hotel, where many celebs get ready before heading to The Metropolitan Museum of Art for their walk up the grand staircase. That livestream will begin at 4:45 p.m. Eastern and will be available on YouTube and APNews.com.
Only the event's stacked red carpet is watchable - the gala's cocktail hour and dinner are notoriously private events.
It's a party, for sure, with cocktails and dinner for about 400 guests, but it's also a huge fundraiser for the Met's Costume Institute, the only department at the museum required to pay for itself. Last year, the gala raised about $22 million. Anna Wintour, a Met trustee for whom part of the institute has been renamed, organizes the whole shebang. No phones are allowed, adding to the allure.
There's a dress code each year tied to the museum's spring exhibition. Some guests, not all, step up at the request of Wintour. This year's theme is "The Garden of Time," inspired by J.G. Ballard's 1962 short story of the same name. It's a squishy fashion ask considering how specific last year's theme was: all things Karl Lagerfeld. Florals, and more florals, are expected this time around. Vintage will likely be big, too.
It's called "Sleeping Beauties: Reawakening Fashion." But we're not talking fairytales or Disney princesses. It includes 250 items from The Costume Institute´s permanent collection, including some garments very rarely seen in public and so fragile they need to be under glass. Curators wanted to engage all the senses, including that of smell. They worked with a "smell artist." And there's a garment that actually grows. Part of the idea is to pay tribute to the natural world. The exhibit opens to the public Friday and runs through Sept. 2.
Getting called up by Wintour as a co-chair is a big deal. This year's class is Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth. It's Hemsworth's first Met Gala. Shou Chew, chief executive officer of TikTok, and Jonathan Anderson, creative director of Loewe, are honorary chairs. The companies are also gala and exhibition sponsors.
Who attends is top secret but Rihanna has spilled she'll be there. She'll likely be accompanied by her partner A$AP Rocky. Other high-profile partners likely to attend, because their significant others are hosting: Ben Affleck and Tom Holland. Lily Gladstone has said she´ll attend. Who we want to see: Ayo Edebiri.Taylor Swift is looking like a no, and her boyfriend Travis Kelce will definitely not be there. Dua Lipa is going.


Spain's Fashion and Beauty Group Puig Poised for IPO

Puig Group owns the Paco Rabanne, Nina Ricci, Charlotte Tilbury and Carolina Herrera labels and also holds a majority stake in Jean Paul Gaultier. FRANCOIS GUILLOT / AFP/File
Puig Group owns the Paco Rabanne, Nina Ricci, Charlotte Tilbury and Carolina Herrera labels and also holds a majority stake in Jean Paul Gaultier. FRANCOIS GUILLOT / AFP/File
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Spain's Fashion and Beauty Group Puig Poised for IPO

Puig Group owns the Paco Rabanne, Nina Ricci, Charlotte Tilbury and Carolina Herrera labels and also holds a majority stake in Jean Paul Gaultier. FRANCOIS GUILLOT / AFP/File
Puig Group owns the Paco Rabanne, Nina Ricci, Charlotte Tilbury and Carolina Herrera labels and also holds a majority stake in Jean Paul Gaultier. FRANCOIS GUILLOT / AFP/File

The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange.
For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the sector such as Estee Lauder, Hermes, Kering and LVMH.
The move "is a decisive step in Puig's 110-year history," chairman and CEO Marc Puig said last month, emphasizing the firm's "long-term approach".
Founded in Barcelona in 1914 by businessman Antonio Puig Castello, the group has grown over the years to become a heavyweight in the cosmetics, fragrance and fashion industries, bolstering its stance in recent years with a string of prestigious acquisitions.
Among its brands are Paco Rabanne, Nina Ricci, Charlotte Tilbury, Carolina Herrera and Dries Van Noten. It also holds a majority stake in the Jean Paul Gaultier label and has licensing agreements with Prada, Christian Louboutin and Comme des Garçons.
A family firm
The Barcelona-based group, which specializes in perfumes and cosmetics, enters the market on Friday with an opening guidance price of 24.50 euros (about $26) per share.
Analysts said it was Spain's biggest IPO this year and one of the largest in Europe.
The price gives the group an estimated market capitalization of nearly 14 billion euros, which will allow it to enter Madrid's Ibex 35 exchange, which groups Spain's 35 largest companies.
The flotation will take place in two stages, the first of which would seek to raise an initial 1.25 billion euros through newly issued shares.
It would then make a "larger secondary offering" of existing shares held by its holding company Exea to raise nearly 1.36 billion euros.
That could then be complemented with the sale of shares reserved for specific investors for another 390 million euros, which would allow the group to raise around 3.0 billion euros.
Despite the move, the Puig family said it would retain a controlling interest in the company with 71.7 percent of the shares, along with "the vast majority of voting rights" -- 92.5 percent -- within the board of directors.
'Greater financial clout'
The idea of an IPO had first been raised by Puig himself in an interview with the Financial Times in October 2023, in which he said being accountable to the market would bring "a discipline" that would head off any issues when passing the baton from one generation to the next.
"Sometimes family businesses can lose their position in the market. They can start to die slowly and nobody inside the company is aware of it," he told the paper. "If you’re accountable (to investors), those things can be noticed."
According to Javier Cabrera, an analyst at XTB, the IPO would allow the group to build "greater financial clout" by taking advantage of "the positive stock market dynamics" in the luxury goods and fashion sector.
Luxury goods are enjoying a buoyant moment with sector heavyweights posting record sales in 2023, despite a slowdown following two years of double-digit growth.
Last year, Puig posted sales of 4.3 billion euros, a 19 percent increase on 2022, logging net profits of 465 million euros, up 16 percent year-on-year.
And that growth could gather pace thanks to Puig's strategy of acquisitions, which in recent years has led to "a high level of growth" and "a good diversification of revenues, both geographically and in terms of business lines", Cabrera said.
He also pointed to the group's strong showing in China, a major consumer of luxury goods.


Luxury Brands Lure Chinese Shoppers despite Slowdown

Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
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Luxury Brands Lure Chinese Shoppers despite Slowdown

Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty –- a lavish affair designed to win customers in China's crucial market.
China is the world's biggest spender in the luxury sector, accounting for half of global sales. But as its post-pandemic recovery falters, consumption has flagged, sending jitters through the industry.
For years, wealthy Chinese tourists had traveled to Europe to shop at its boutiques, but when the Covid-19 pandemic struck, the country introduced draconian restrictions that stopped them from leaving the country.
The measures also threw the world's second largest economy into a slowdown that it is struggling to recover from, with consumer confidence hit and attitudes towards high-end purchases starting to shift.
Now, as China emerges from its coronavirus haze, luxury brands are trying to woo its shoppers back.
Shares in Gucci owner Kering tumbled in April after it reported sales in the first quarter had fallen by 11 percent, citing tough market conditions in China.
"Gucci will... not be alone here as other brands have also been feeling the pinch from China's domestic spending," Fflur Roberts, head of luxury at Euromonitor International, told AFP.
Brands with a strong presence in China like Louis Vuitton are staging special events and handing out perks to VICs –- an acronym for Very Important Clients.
Louis Vuitton described its "Voyager" show in Shanghai last month as the "next chapter in a strong, longstanding relationship" with China.
Its leading pieces –- boldly colored dresses marked with large cartoon-like animals -– were a collaboration with contemporary Chinese artist Sun Yitian, with the brand hailing "the tremendous stylistic vitality" of the country's youth.
Hollywood A-listers Cate Blanchett and Jennifer Connelly strode down the runway to their seats before the show began, as did Chinese megastars and brand ambassadors Liu Yifei and Jackson Wang.
At the afterparty, influencers and VICs, many dressed head-to-toe in Louis Vuitton, mingled under flashing neon street signs, sampling fancified Chinese street food from stalls bedecked with the brand's logo.
'More cautious consumers'
Louis Vuitton's parent company LVMH is among the fashion houses so far proving fairly resilient in the face of China's economic headwinds.
While its first quarter results showed its slowest rate of growth in years, the brand said that sales to domestic and overseas Chinese customers increased by about 10 percent.
Prada and Hermes's first quarter results both beat analysts' expectations, posting 18 and 17 percent rises in sales, respectively.
Overall, however, the market has slowed down, with consultancy firm Bain & Company forecasting single-digit growth in the Chinese luxury market in 2024 compared to 12 percent last year.
"The economic downturn is impacting Chinese luxury consumers' confidence," said Lisa Nan, correspondent for Jing Daily, which reports on the Chinese luxury sector.
"We are facing much more cautious and value-driven consumers, that also check the handbag's second-hand market value before making a purchase."
Travel, not bags
Post-pandemic, there has also been a shift in consumer tastes and priorities.
Near Shanghai's Wukang Mansion, a landmark regularly swarmed by influencers, a woman surnamed Liu said that while she occasionally bought designer items, she would never go line up for a bag.
"I like traveling a bit more," she said. "I'm not so crazy about brand names."
That's a trend evident in a report on high net-worth individuals' preferences compiled by research firm Hurun.
"There is a significant shift towards experiential luxury rather than luxury goods," said Nan of Jing Daily.
During the pandemic, the absence of high-spending Chinese tourists hit Europe's luxury goods sector hard.
Some of that spending transferred to China, as global brands focused on organizing events and creating goods more tailored to their biggest market.
Euromonitor International's Roberts said the outlook for the luxury market remained "challenging", and that brands should "err on the side of caution".
"That said, China is still home to over 2.5 million people with a net wealth over $1 million," she added.
On a sunny day in central Shanghai, passers-by clutched their designer handbags as they went shopping.
"Some people say that if you buy classic styles, they may appreciate in value and it can be an investment," said a 28-year-old media worker named Winnie carrying a Dior bag.
"But for me... it's not an investment. As long as I like it, it's fine."
"I think China is still in a period where (European) brands are important," Jennifer Sheng, a woman in her 60s, told AFP.
In her eyes, the allure of owning designer products remained strong.
"Twenty years, thirty years ago, we didn't have anything," Sheng said.
"We want to have these things."


Hugo Boss Beats Q1 Operating Profit Expectations 

The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
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Hugo Boss Beats Q1 Operating Profit Expectations 

The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)

Hugo Boss' first-quarter operating profit on Thursday beat expectations despite further investment into the business helped by efficiencies and improving costs.

Earnings before interest and taxes rose 6% to 69 million euros ($74 million), slightly above the 65 million in a company-provided poll of analysts.

Efficiency gains in sourcing as well as more favorable product and freight costs offset promotion costs and negative currency effects, the company said.

Quarterly group sales rose 5% to 1.01 billion euros.

Brand and product initiatives including the launch of the latest spring/summer 2024 collection drove growth for its BOSS and HUGO brands in the quarter, the company said.


Pandora Raises Revenue Forecast as US Sales Sparkle 

People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
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Pandora Raises Revenue Forecast as US Sales Sparkle 

People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)

Pandora, the world's largest jewellery maker, raised its full-year revenue guidance on Thursday after beating first quarter sales and profit forecasts as it won market share in the United States, its biggest market.

The Danish company's shares jumped 5% in early trading.

Pandora has invested heavily in marketing, store openings, and broadening its range of rings, necklaces, and lab-grown diamonds, though its charm bracelets ranging from $60 to more than $2,000 still make up around 60-70% of sales.

Sales jumped 11% in the first quarter to 6.8 billion Danish crowns ($977.8 million), including a 9% increase in the United States, where the brand is gaining market share even as overall demand for jewellery has weakened.

"The reason we are gaining share fundamentally is because we keep investing in this brand," CEO Alexander Lacik told Reuters in an interview. "Even when there is a shrinking pie, you will find winners and losers."

Operating profit rose to 1.51 billion crowns from 1.26 billion a year earlier, compared with 1.32 billion expected by analysts polled by the company.

Pandora now expects organic revenue growth of 8%-10% this year, compared with 6%-9% previously. It kept its operating margin guidance at around 25%.

Charm bracelets, a staple of 90s fashion, have enjoyed a renaissance, trending on social media platforms like TikTok.

Lacik said social media contributed to Pandora's growth but was not the underlying driver.

"This is a result of the overarching program that Pandora has been working on for many years now, and I think maybe we've hit a sweet spot with the type of audience that we're trying to serve," Lacik said.

In North America, Pandora's expansion into lab-grown diamond jewellery piqued shoppers' interest and increased their demand for the whole range of Pandora products, the company said.

China was a weak spot with sales down 17% in like-for-like terms, which Pandora blamed on a challenging market as it works to relaunch the brand there.


Estee Lauder Tempers Sales View despite US, China Recovery

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
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Estee Lauder Tempers Sales View despite US, China Recovery

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)

Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space, even as a demand rebound for its pricey items in the US and Asia-Pacific markets drove a profit forecast raise.

Shares of the New York-based company dropped nearly 10% on Wednesday.

Estee also beat third-quarter results expectations, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation had pressured sales of luxury items in the world's biggest economy.

A pick-up in China and Asia travel retail demand after several quarters of weakness underscored customer willingness to splurge on "affordable luxuries" such as fragrances and make-up products.

Third-quarter organic net sales in the Americas grew 1%, with a 3% rise in the Asia Pacific region.

"We see actual progress in the total Chinese consumer consumption on our brands and they are very solid," said CEO Fabrizio Freda, adding that the number of Chinese travelers are growing too.

However, Estee forecast annual organic sales would fall 1% to 2%, compared with its previous estimate of a 1% decrease to a 1% increase.

"Estee Lauder's management might have taken the view it is better to be cautious now and over-deliver than continue with high expectations and fail to sell enough products," said Dan Coatsworth, investment analyst at AJ Bell.

The company expects full-year 2024 adjusted profit per share between $2.14 and $2.24, compared with a prior forecast of $2.08 to $2.23.

Net sales rose 5% to $3.94 billion, compared with LSEG estimates of $3.91 billion. Adjusted profit of 97 cents per share surpassed expectations of 49 cents.

Last month, European rival L'Oreal also beat sales expectations and eased concerns about waning demand in the US and China - the two biggest beauty markets.

"The sector has held better than I expected and the question really around luxury and personal luxury goods is whether 2024 will be a hard or soft landing ... so far it speaks to the narrative of a soft landing," said Javier Gonzalez Lastra, luxury-focused portfolio manager at Tema ETFs.