UK Bootmaker Dr. Martens Sales Fall on Subdued Demand 

Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
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UK Bootmaker Dr. Martens Sales Fall on Subdued Demand 

Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)
Boxes of Dr. Martens shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 April, 2019. (Reuters)

British bootmaker Dr. Martens posted a 3% fall in its third-quarter reported revenue on Monday, as consumers stayed away from pricey purchases in key markets due to economic uncertainties.

The company, whose leather boots can be priced as much as $200, has been cutting inventory and debt as part of its cost-saving and turnaround plans after elevated costs and weak wholesale demand, especially in the US, weighed on its earnings for months.

"We continue to actively manage our costs and are on track to meet our inventory reduction target for FY25," newly appointed CEO Ije Nwokorie said in a statement.

The Wellingborough, UK-based company has been actively investing in marketing, including discounts, to revive demand.

Dr. Martens logged 260 million pounds ($323.60 million) in revenue, down from 267.1 million pounds in the third quarter of fiscal 2024.

It, however, kept its 2025 financial year guidance unchanged.



Valentino’s New Designer Showcases History and Drama at Couture Debut in Paris

 A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
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Valentino’s New Designer Showcases History and Drama at Couture Debut in Paris

 A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)

Alessandro Michele’s Valentino couture debut was the most anticipated ticket of Paris Couture Week, and the designer didn't disappoint with a lavish spectacle at the Palais Brongniart, a fittingly historic backdrop for his past-meets-present storytelling.

Known for his “more is more” aesthetic, Michele delivered a VIP-filled show on Wednesday brimming with historical reverence, theatricality, and his signature offbeat twists.

Michele, who previously spent nearly eight years redefining Gucci with his eclectic maximalism, has long drawn inspiration from history. It's an obsession that traces back to his childhood in Rome, where he would rummage through his mother’s closet, captivated by the textures of bygone eras.

His tenure at Gucci transformed the brand into a powerhouse of layered nostalgia and offbeat opulence, making his appointment at Valentino — a house steeped in aristocratic elegance — both a natural evolution and a challenge.

His arrival was a significant shift from Valentino's former designer Pierpaolo Piccioli, who was celebrated for his pared-down romanticism.

The opening look set the tone: a harlequin-patterned gown of enormous proportions, fusing the whimsy of the circus with regal splendor.

Full skirts billowed with 18th-century grandeur against a stark black runway, while ’70s-inspired ruffles added his distinctive vintage-inflected edge. A standout floral gown, evocative of Marie Antoinette, received the New Romantics treatment, a nod to the late ‘70s and early ’80s era that has long fascinated the designer.

Though the collection largely played to Michele’s strengths, with exuberance tempered by couture-level precision, some elements felt overdone. A polka dot jacket with an oversized bow veered into twee territory, an example of how his fondness for embellishment can sometimes tip into excess. Yet, the overall balance leaned toward refinement, with a relative restraint compared to his past work at Gucci.

Michele’s couture debut reaffirmed his reputation as a designer who finds beauty in historical excavation.