Chanel Takes a Dip: Viard’s Spring Show Brings Paris Stalwart Down to Earth

 A model walks the runway to present a creation by Chanel during the Paris Fashion Week Womenswear Spring/Summer 2024 at the Grand Palais Ephemere in Paris on October 3, 2023. (AFP)
A model walks the runway to present a creation by Chanel during the Paris Fashion Week Womenswear Spring/Summer 2024 at the Grand Palais Ephemere in Paris on October 3, 2023. (AFP)
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Chanel Takes a Dip: Viard’s Spring Show Brings Paris Stalwart Down to Earth

 A model walks the runway to present a creation by Chanel during the Paris Fashion Week Womenswear Spring/Summer 2024 at the Grand Palais Ephemere in Paris on October 3, 2023. (AFP)
A model walks the runway to present a creation by Chanel during the Paris Fashion Week Womenswear Spring/Summer 2024 at the Grand Palais Ephemere in Paris on October 3, 2023. (AFP)

As Chanel's models took their sashay down the Paris runway, guests could practically hear the faint splashes from the pools of the villa Noailles.

This historic cubist space in the south of France, once graced by luminaries like Buñuel, Man Ray, Dali —and also Karl Lagerfeld — has for more than a century been a beacon for art.

Virginie Viard’s spring collection emerged as a sun-drenched ode to liberty and movement, inspired directly from the villa’s gardens. With Gigi Hadid leading the pack in flip-flops, the stalwart was stripped of its typical high-brow allure, grounding Chanel styles in an earthy, relaxed summer vibe.

Here are some highlights, including when Penélope Cruz told The Associated Press why heartfelt memories of her grandmother drew her to fashion.

VIARD MAKES CHANEL RELATEABLE

“Sophistication juxtaposed with informality, the ever-present tweed, sporty touches, and delicate lace: I aimed for a harmonious blend of contrasts,” Viard said. Using the sunlit gardens and tranquil pool of the villa as a muse, her collection leaned away from Lagerfeld’s signature high-glam aesthetic, presenting a panorama of comfort, chicness — and, gasp, relatability.

The parade began with multicolored tweed dressing gowns, their luxurious threads catching the light as models moved. Neoprene suits followed, blending technology and youth. Easygoing, low-slung outfits that evoked an air of carefree leisure faintly contrasted with detailed geometric designs gracing several pieces. Lace trimmings whispered of femininity and delicate craftsmanship, while sporty accents gave the ensembles a touch of the everyday.

This was Viard's Chanel: clothes that seemed relaxed and with nothing to prove. It felt as if she, herself, after four years at the creative helm of the maison also was saying she too had nothing to prove either.

There were moments when the display would have benefitted from a touch more innovation, perhaps a fresh design twist that could have set the collection apart, especially when keeping Lagerfeld’s inventive legacy in mind. Some ensembles, though impeccably tailored, played it a tad too safe.

Yet, the power of this collection lay not in dramatic novelty but in its accessibility. The use of midsized models on Tuesday, for instance, was a relatable gesture that speaks volumes of Viard’s intent to make Chanel resonate with a broader audience.

Viard’s Chanel feels less about dazzling the onlooker and more about connecting with her. It’s this very authenticity, a blend of luxury and everyday resonance, that is setting her apart. While Lagerfeld’s Chanel was an aspiration, Viard’s is becoming a reflection. In making Chanel relatable, she’s not only navigating but is redefining her space.

CRUZ RECALLS EMBROIDERED SHAWL: A LIFETIME OF FASHION

In a candid moment with the AP at Chanel’s spring collection, Cruz’s love for fashion was poignantly traced back to a handcrafted symbol: the Manton di Manila.

“My grandmother made by hand a Manton di Manila,” Cruz shared, her eyes alight with emotion. “If I had to keep only one thing from the objects that I have and materials, it would be that one because she spent 40 hours, or maybe even more, sewing by hand.”

This Manila shawl, an embroidered silk shawl derived from the Filipino pañuelo, not only stands as a testament to her grandmother’s craftsmanship but has also profoundly influenced Cruz’s appreciation for artisanal fashion.

She beautifully juxtaposed this sentiment with Chanel’s enduring commitment to craftsmanship, stating, “When you go to a building, like 19 rue Cambon at Chanel and you see all the materials, the people working in such an artisanal way, working with their hands, I really hope the world will not lose that.”

Drawing on heartwarming memories, Cruz added, “When I was a little girl, I used to play with my sister like we would draw on top of the magazines to change the designs. Never change a Chanel design, of course.”

Last month, Cruz alongside her sister, Mónica Cruz, unveiled a fashion collection on Instagram, hinting at her deep-seated respect for the craft. Yet, as the longtime ambassador for Chanel confessed, her profound appreciation for fashion is tied to cherished memories and heirlooms, noting, “I’ve always had it, probably because of their relationship with my grandmother.”



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.