Valentino Returns to Paris’ Les Beaux-Arts with Modern Twist; Burton Bids Farewell at McQueen

A model wears a creation for the Valentino Spring/Summer 2024 womenswear fashion collection presented Sunday, Oct. 1, 2023 in Paris. (AP)
A model wears a creation for the Valentino Spring/Summer 2024 womenswear fashion collection presented Sunday, Oct. 1, 2023 in Paris. (AP)
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Valentino Returns to Paris’ Les Beaux-Arts with Modern Twist; Burton Bids Farewell at McQueen

A model wears a creation for the Valentino Spring/Summer 2024 womenswear fashion collection presented Sunday, Oct. 1, 2023 in Paris. (AP)
A model wears a creation for the Valentino Spring/Summer 2024 womenswear fashion collection presented Sunday, Oct. 1, 2023 in Paris. (AP)

Valentino took a sentimental journey to Les Beaux-Arts this Sunday, revisiting the prestigious Parisian art school where its founder, Valentino Garavani, was once a student.

Dive into the highlights of this Spring/Summer 2024 ready-to-wear collections from Paris, including the end of an era at Alexander McQueen as its lauded designer Sarah Burton presented her final show.

MODERN BEAT IN HISTORIC HALLS: VALENTINO REIMAGINES SPRING

Amid the backdrop of Mannerist statues and the names of great artists gracing the storied walls of Les Beaux-Arts, where Garavani, 91, once honed his craft, the runway was — in contrast — unmistakably contemporary. Strategically positioned boxes filled with rocks, sand, and earth transformed into platforms for a troupe of sinewy, scantily clad contemporary dancers — who writhed alongside a performance by British singer FKA Twigs.

Designer Pierpaolo Piccioli’s collection focused on the body — in a vivid “celebration of femininity and creativity.” Bursting onto the scene were fresh, sporty minidresses adorned with intricate white florals and foliage. The elegance of an open tuxedo baring flesh, and the simplicity of flowing silk caped dresses made a statement, but there was a sense of familiarity. A pastel gray cape minidress captured attention with its minimalist charm. A chainmail disco mesh-dress shimmered and revealed inches of body.

Yet, the dynamic dance performances often drew eyes away from the fashion. Could it be that the collection, while undeniably modern, needed that extra dose of novelty to truly captivate?

While Piccioli’s designs were a testament to Valentino’s evolving aesthetic, some elements felt reminiscent of past collections or even lacking in fresh ideas, a point that’s been leveled by critics at the designer in the past. Nonetheless, spring marked a blend of the brand’s intrinsic elegance and a desire to pare down styles to their essentials.

BURTON’S SWAN SONG: ECHOING MCQUEEN’S GENIUS, CARVING HER LEGACY

As the Parisian runway glinted under the weight of expectation, Sarah Burton, with a profound respect for legacy and an unmistakable innovative touch, presented her magnum opus for Alexander McQueen Saturday night. Her task had always been titanic – to step into shoes left empty by the enigmatic genius of Lee Alexander McQueen.

The fashion maestro’s unexpected departure wasn’t just a personal loss; it marked the end of an era of theatrical, emotion-laden masterpieces. But Burton, rather than just filling a void, lit it up. She wielded her tapestry of design, interweaving McQueen’s audacious spirit with her softer, more feminine aesthetic. This dance of duality was evident in her farewell collection, where each piece told its story. The slashed bodices, the evocative blood-red laced spines, and the influence of Polish artist Magdalena Abakanowicz’s work showcased an artistry that was both fierce and tender.

The shimmer of glossy leather corsets contrasted with the ethereal shredded gossamer skirts, while other designs teased at deconstruction, with trailing embroidery and dripping silver organza that echoed McQueen’s rebellious early days.

No detail was left untouched. From the profound artistry of Kate Middleton’s wedding gown – a garment that transcended royal expectations – to her final collection’s poignant motifs, Burton proved her mettle time and again. The iconic rose, emblematic open-heart embroidery, and the magnetic close by Naomi Campbell in a sculpted silver bugle bead dress, all converged in a collection that was both homage and evolution.

And as the last piece sashayed down the runway, the room -- filled with powerful editors and actresses like Cate Blanchett and Elle Fanning -- rose in a rousing standing ovation, not just for Burton’s final act but for a legacy beautifully continued and enriched under her stewardship.



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.