Elie Saab’s Spring Couture in Paris Dreams of Thai Escape

A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
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Elie Saab’s Spring Couture in Paris Dreams of Thai Escape

A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)
A model presents a creation from Elie Saab Haute-Couture Spring-Summer 2023-2024 collection during Paris Fashion Week in Paris, on January 25, 2023. (AFP)

Elie Saab whisked his guests away to Thailand for a Paris Fashion Week couture show Wednesday that gleamed with gold and intricate silk embroidery.

Sheer diaphanous cloth floated around the runway in Le Marais’ Carreau du Temple amid wafting perfume, as “Emily in Paris” star Paul Forman and socialite Olivia Palermo posed for the cameras.

Haute couture is an artisanal tradition invented by English designer Charles Frederick Worth in the 1870s. It involves intricate, time-consuming sewing, use of unusual fabrics and luxurious embellishments such as rare feathers and semi-precious stone beading — and is exorbitantly priced.

Here are some highlights of Wednesday's spring-summer 2023 shows:

Saab’s embroideries

Elie Saab called it “an indulgent escape from the ordinary.”

Amid the dull Paris weather, inside blinding lights lit up long dragons gracing asymmetrical bodices, or in waves on ivory peplums. Embroidered motifs of sacred koi fish seemed to swim on mermaid tails and scalloped overskirts, while 3D guipure lace captured Eastern blooms on gowns that shimmered in gold.

This season, the Lebanese designer used the Thai kingdom as a springboard for a highly embellished, yet delicate, couture collection.

The show, entitled “a golden dawn,” had regal ambitions and was executed with flair.

The most beautiful gowns were sometimes deceptively simple, where the sumptuous material -- like one blue satin sash rippling asymmetrically across the shoulder -- could speak for itself.

The art of the invitation

The age of email and rising environmental awareness hasn't left much of a mark on the fashion industry’s antiquated system of invitations.

Season after season, gasoline-guzzling couriers crisscross Paris to personally deliver ever-elaborate, often handmade, show invites.

Top houses vie for the wackiest or most imaginative idea that often offers a clue to the theme of the runway collection.

Schiaparelli’s was a giant weighty golden brooch featuring a face in relief -- ahead of a couture show which drew controversy for featuring a fake lion’s head.

Dior’s was a beautifully packaged white box with a note from Dior Perfume Director Francis Kurkdjian and containing small, perfumed vials.

Then Valentino’s was like an invitation to a disco or concert, on a plain black card with the show details in the font preferred by club organizers. The name of the show? “Le Club Couture.”

Yuima Nakazato

Following a trip to Kenya in October 2022, Yuima Nakazato was shocked by what local people told him about waste and ecological destruction.

This season’s co-ed couture became a manifesto against a desolate African future. The Japanese designer staged a powerful underground show set amid smoke and hazy lighting as if to herald the end of the world.

A loose black one-shoulder gown — on top of baggy pants -- fused Asian with African styles with an embellished belt clasp resembling a talismanic eye.

Bone or thorn jewelry adorned minimalist looks like one slope-shouldered column ensemble. It was matched with Rick Owens-style black thigh-high wading boots for a fashion-forward vibe.

Viktor & Rolf turn couture on its head

The inimitable Dutch design duo staged a quirky and surprising show featuring gowns that tried to turn couture on its head — literally.

The collection started regularly enough, aside from the punk-like colored mini-beehive hairstyles. A shoulderless bodice gown shot out into a voluminous pale tulle full skirt fit for a bridesmaid. Later, a sculptured hourglass bodice descended into a segmented skirt that swept the floor.

But then came the surreal fun.

Causing half the audience to reach for their cameras, a model appeared wearing an entire gown attached to her front on top of another look. The dress was placed at a 2 o'clock angle with a cloud-colored tulle full skirt sweeping out theatrically to the left.

Another gown in yellow tulle was then hoisted up in a trompe l’oeil effect.

The most surreal of all was one violet gown whose waist was turned out to become vertical. It was weirdly inventive -- if a little gruesome -- with a black hole appearing around the midriff.



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
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Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


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.