Camellias Tower over Chanel’s Guests for Show Capping Paris

Models present creations from the Fall/Winter 2023/24 Womenswear collection by French designer Virginie Viard for Chanel Fashion House during the Paris Fashion Week, in Paris, France, 07 March 2023. (EPA)
Models present creations from the Fall/Winter 2023/24 Womenswear collection by French designer Virginie Viard for Chanel Fashion House during the Paris Fashion Week, in Paris, France, 07 March 2023. (EPA)
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Camellias Tower over Chanel’s Guests for Show Capping Paris

Models present creations from the Fall/Winter 2023/24 Womenswear collection by French designer Virginie Viard for Chanel Fashion House during the Paris Fashion Week, in Paris, France, 07 March 2023. (EPA)
Models present creations from the Fall/Winter 2023/24 Womenswear collection by French designer Virginie Viard for Chanel Fashion House during the Paris Fashion Week, in Paris, France, 07 March 2023. (EPA)

Colossal camellias served as the ready-to-wear altarpiece for Chanel’s sparkling, bloom-inspired fall display.

Meanwhile, Miuccia Prada’s baby sister brand Miu Miu — another headline show on Paris Fashion Week’s last day – presented a study in off-kilter creativity.

Here are some highlights of the fall-winter 2023-24 collections:

Chanel’s camellia

It was the flower that launched a thousand designs. Legend has it that the camellia first became Gabrielle "Coco" Chanel’s obsession in 1913 when she pinned one to her belt — seduced, the house said, by its "simplicity, shape, purity and vitality." Over a century later, the winter flower is still center stage.

"Camellia is more than a theme, it’s an eternal code," creative director Virginie Viard said. "I like its softness and its strength."

As ever, there was a restraint in Viard’s design aesthetic, for instance, in the use of a limited palette of whites, shadowy blacks and shades of pink. The camellia, too, was handled strictly, adorning pockets, buttons and jackets, prints or leather shoes.

But the ubiquitous sparkle of sequins and in plays in shape — slits in gowns, asymmetrical coats and swooshes of diagonal fabric on skirts — gave the collection motion.

Viard also dabbled in men’s styles with menswear jackets and dandy-like British dressing gowns.

"The faded colors, the dusky pink, the crafted pieces, the touches of 1960s and 70s, a certain English vibe, the comfortable enveloping coats, the authentic materials, make the collections more real, and more charming too," Viard said.

Penelope Cruz

Penelope Cruz revisited her memories of late designer Karl Lagerfeld following Chanel’s show.

At a 1999 Vanity Fair party, Lagerfeld and current designer Viard were discussing the actress becoming a Chanel ambassador. It was meant to be a secret.

"Karl and Virginie were speaking in French and they thought I was not understanding," Cruz said. "And they were talking about me becoming an ambassador to the brand. But I understood everything, pretending that I was not, and I was looking to a different place," Cruz said. "They gave me the great ‘news’ quite soon after that!"

Cruz spoke with love for the house, which feels "like a family," whose designs and magic had made her dream, even as a young girl growing up in Spain.

The Oscar winner also spoke of Viard’s tongue-in-cheek style. Tuesday’s fall-winter set was based on the 1966 movie "Whatever happened to Polly Magoo?" a satirical French mockumentary about runway hyperbole and the excesses of the fashion industry.

"But of course, Virginie does have a sense of humor," Cruz said. "You have to be brave to mix some materials and colors. It was fun."

Miu Miu’s disruptions

Nearly 50 screens lined the walls and columns of the Palais d’Iena beaming out scenes of the set construction, beside white tube lighting and a white corrugated iron backdrop.

The program notes came with a text by Korean artist Geumhyung Jeong: "There is a codependency, but in the end, machines do not need us. We need them."

The link to the decor’s theme of the off-kilter fashion display was unclear to some — but Prada seemed to want to challenge the set rules of dressing.

Knickers poked out from under a brown leather minidress, cut so short they were no longer truly underwear. The appliques on one light silk umber gown were so heavy they structured the dress rather than vice-versa. Three-dimensional flowers adorning a top were intentionally obscured by a sheer green cardigan.



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.