Marc Bohan, Former Dior Creative Director and Friend to the Stars, Dies at age 97

File photo: French fashion designer Marc Bohan is pictured with his models after the Dior collection presentation in Paris, Jan. 29, 1970. (AP Photo/Jean-Jacques Levy)
File photo: French fashion designer Marc Bohan is pictured with his models after the Dior collection presentation in Paris, Jan. 29, 1970. (AP Photo/Jean-Jacques Levy)
TT

Marc Bohan, Former Dior Creative Director and Friend to the Stars, Dies at age 97

File photo: French fashion designer Marc Bohan is pictured with his models after the Dior collection presentation in Paris, Jan. 29, 1970. (AP Photo/Jean-Jacques Levy)
File photo: French fashion designer Marc Bohan is pictured with his models after the Dior collection presentation in Paris, Jan. 29, 1970. (AP Photo/Jean-Jacques Levy)

Dior’s longest-serving creative director Marc Bohan, whose slim silhouette designs dressed the likes of Hollywood royalty including Grace Kelly and Elizabeth Taylor, has died at 97, the luxury fashion house confirmed Friday.
The son of a milliner, Bohan was asked to lead the French label after his predecessor Yves Saint Laurent was drafted into the French military in 1960. He would go on to oversee the brand as artistic director for nearly three decades, from 1961 to 1989, delivering elegant and tasteful tailored looks for the modern woman, The Associated Press said.
In his first couture collection for the house in 1961, he debuted the “slim” look, a slender take on Dior’s classic silhouette with feminine shoulders and sensibly sophisticated skirts.
Dior announced Bohan's death Friday, calling him an “immense visionary and passionate creator" who left his mark on the fashion house.
“Marc Bohan was a unique creator dear to the heart of our House, infusing Dior elegance with his free spirit," Delphine Arnault, Dior CEO, said in a statement. "A man of immense talent who profoundly marked both our history and that of fashion.”
At Dior, the couturier would become close friends with Princess Grace of Monaco; hence, her closet paid homage to his work as the pair shared the same vision of elegance and style. Even outside of his friendship circle, Hollywood played a part in Bohan's work: He crafted a collection in 1966 where he incorporated fur trim and long coats after pulling inspiration from “Doctor Zhivago.”
Although Bohan preferred to stay out of the limelight — he was often referred to as private and discreet — his designs kept him in the spotlight. In 1967, Bohan was asked to design the lavish coronation dress for Iran’s then-empress, Farah Diba Pahlavi.
During his time at Dior, Bohan took the brand into new avenues, from launching Dior’s baby boutique to developing a line for young women, Miss Dior, and for men, Dior Monsieur. He was also heralded for staging Dior’s first shows in India.
Gianfranco Ferré replaced Bohan at the fashion house in 1989. Leaving behind Dior, Bohan moved to London where he joined the prestigious house of Norman Hartnell, a couturier for Britain's royal family. He is survived by his daughter.



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

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

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)
TT

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
TT

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.