Paris Fashion Week to Showcase Industry Makeover With String of Debuts

Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
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Paris Fashion Week to Showcase Industry Makeover With String of Debuts

Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)
Models walk the runway during the Michelle Nassar collection show at Panama Fashion Week in Panama City on September 26, 2025. (Photo by MARTIN BERNETTI / AFP)

Paris Fashion Week kicks off on Monday with a dozen new faces set to make their debuts at major labels, including Matthieu Blazy at Chanel.

Reflecting an unprecedented shake-up of creative directors, the Spring-Summer 2026 season will showcase the renewal of the top ranks of the global luxury clothing industry on a scale rarely seen.

The sector, facing a slowdown in spending from the world's elite, is banking on the changes to infuse fresh excitement and hopefully boost sales, AFP reported.

"We're opening a new chapter, not so much for Fashion Week itself, but for what fashion will be over the next 10 years," said Pierre Groppo, fashion editor-in-chief of Vanity Fair magazine in France.

Although the first Chanel show by Matthieu Blazy is expected to be the biggest highlight, the VIPs and fashionistas jostling for highly coveted invitations will have to wait until the penultimate day on October 6 to glimpse the 41-year-old.

The Franco-Belgian, poached from Kering-owned Bottega Veneta, faces the daunting task of modernizing Chanel's identity and turning the page on the Karl Lagerfeld era of more than three decades.

The "Kaiser" defined the hugely profitable brand up to his death in 2019 and was succeeded by his long-time co-worker Virginie Viard, who was seen as a successful continuity candidate.

Blazy, who first caught the eye as a designer at Maison Martin Margiela, took one of the most coveted spots in the fashion business in December after regenerating Bottega Veneta and its signature handwoven "intreccio" leather patterns.

Another hotly awaited moment will be Jonathan Anderson's first women's collection for LVMH-owned Dior, on October 1, after the Northern Irish designer presented a well-received debut men's line in June.

Attention will also turn to Pierpaolo Piccioli at Balenciaga, who is succeeding the provocative Demna, and to Duran Lantink at Jean Paul Gaultier, the brand's first permanent artistic director since its founder retired in 2020.

For Claire Thomson-Jonville, editorial director of Vogue France, "the massive arrival of new creative directors is the sign of a new era: they bring a more global, inclusive and responsible vision, while reinventing the heritage of the houses."

The week will also see the debut of Jack McCollough and Lazaro Hernandez at Loewe, Miguel Castro Freitas at Mugler and Mark Thomas at Carven.

"We can call this a historic Fashion Week," added Thomson-Jonville.

Some major designers will be showing only their second collections -- often considered by industry insiders as more meaningful than the debuts -- including Sarah Burton for Givenchy, Glenn Martens for Maison Margiela and Haider Ackermann for Tom Ford.

Alongside the newcomers will be collections from Louis Vuitton and Hermes, and the return of long-absent labels such as Celine and Thom Browne, promising a Fashion Week "without downtime," said Elvire von Bardeleben, fashion editor at Le Monde.

Among the new brands, Belgian designer Julie Kegels makes her Paris debut, as does her compatriot Meryll Rogge.

The Paris event comes at a turbulent time for the luxury industry, facing slowing demand in China, US tariffs on exports and uncertainty over the global economy.

Each year, four Fashion Weeks set the rhythm of the calendar: menswear in January and June, and womenswear in February/March and September, the latter being the most closely watched.

These are distinct from Haute Couture, shown only in Paris in January and July, featuring unique handmade pieces destined for red carpets and major events.



Primark Names Lucy Slinger as Finance Chief Ahead of AB Foods Split


A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
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Primark Names Lucy Slinger as Finance Chief Ahead of AB Foods Split


A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers

Fashion retailer Primark named Lucy Slinger as its chief financial officer on Thursday, strengthening its leadership team ahead of its split from Associated British Foods.

Slinger joins Primark from IKEA franchisee ⁠Ingka Group, where she ⁠has served as deputy CFO.

Prior to Ingka Group, she spent over two ⁠decades at Shell in a range of senior finance leadership roles.

Slinger's appointment follows that of Eoin Tonge as Primark chief executive and Filip Ekvall as chief commercial officer in March, Reuters reported.

⁠AB ⁠Foods said in April it would spin off Primark from its food businesses, telling investors that it will be better positioned to grow on its own.


NASA to Wear Prada as Luxury Group Pushes Into Space Industry

The inner-layer liquid cooling and ventilation garment designed by Prada and Axiom Space is unveiled at a press event in New York City, US, June 7, 2026. REUTERS/Heather Khalifa
The inner-layer liquid cooling and ventilation garment designed by Prada and Axiom Space is unveiled at a press event in New York City, US, June 7, 2026. REUTERS/Heather Khalifa
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NASA to Wear Prada as Luxury Group Pushes Into Space Industry

The inner-layer liquid cooling and ventilation garment designed by Prada and Axiom Space is unveiled at a press event in New York City, US, June 7, 2026. REUTERS/Heather Khalifa
The inner-layer liquid cooling and ventilation garment designed by Prada and Axiom Space is unveiled at a press event in New York City, US, June 7, 2026. REUTERS/Heather Khalifa

Italian fashion house Prada unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand's push to be the first major luxury player to make inroads in the space industry.

The body-hugging suit, created in collaboration with Houston-based space infrastructure developer Axiom Space, features ventilation tubes knitted into the garment.

"We have really a broad spectrum of capability and know-how," Lorenzo Bertelli, Prada's chief marketing officer, said at an event at Prada's Manhattan store, sitting beside a mannequin donning the new Liquid Cooling and Ventilation Garment.

Expertise for developing space exploration products "can come from lots of seemingly unrelated industries," Reuters quoted Jonathan Cirtain, CEO of Axiom Space, as saying.

The new product follows Prada's splashy foray into space fashion in 2024 with the ⁠unveiling of a ⁠spacesuit that is expected to be used for NASA's Artemis 3 Earth orbit, set to launch in 2027, and the anticipated Artemis 4 moon landing in 2028. Luxury brands have long drawn inspiration from space travel.

But Prada has gone "beyond inspiration into an actual partnership" as the space exploration and tourism industries develop, said Thomai Serdari, a luxury brand strategist and marketing professor at New York University's Stern ⁠School of Business. Serdari pointed to two factors motivating Prada's interest in the space industry: to gain access to affluent consumers who are contemplating space travel, and to align the brand with avant-garde thought.

Companies from Jeff Bezos' Blue Origin to Elon Musk's SpaceX have leaned into space tourism for the wealthy.

The resumption of space exploration and human travel to the moon is "bound to attract a lot of eyeballs," said Luca Solca, global head of luxury goods at Bernstein. Luxury brands need to stay relevant and visible, he said. Prada's push comes against a backdrop of a struggling luxury goods sector.

After two years of contraction, the ⁠industry was showing signs ⁠of stabilization until the Iran war began at the end of February, disrupting travel and denting luxury spending far beyond the Middle East.

WILL LUXURY PEERS FOLLOW? Other fashion and apparel companies have jumped on the space bandwagon. Under Armour has partnered with spaceflight company Virgin Galactic to create space apparel, while Columbia Sportswear has worked with space exploration company Intuitive Machines on space fabric technology.

But it remains unclear whether other luxury players might follow Prada's lead. "In luxury, it is important to be the first to do something, to be a trend-setter," Serdari said, noting that LVMH's Louis Vuitton, Hermès and Chanel are all interested in space travel but that they would likely find new ways to make inroads.

"You will never see the upper crust of the luxury sector copying each other," she added.


Lululemon Slides as Bleak Forecasts Deepen Turnaround Worries

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
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Lululemon Slides as Bleak Forecasts Deepen Turnaround Worries

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares dropped 12% in ‌premarket trade on Friday after bleak quarterly and annual profit outlooks deepened concerns over the yoga apparel maker's turnaround amid slowing US demand, competition and tariff costs.

The stock is on track to lose more than $1.7 billion from its market value of $14.44 billion if losses hold.

The weak forecasts intensified pressure on the stock, which has lost nearly 63% of its value in the last 12 months, as investors question how quickly Lululemon can revive product momentum in its ‌key US market, ‌while competing with newcomers like Alo Yoga ‌and ⁠Vuori.

"Lulu has just ⁠entered the 'trap' phase, where fundamentals are deteriorating as competition in all categories remains stiff and pricing power is fleeting for its core franchises," Barclays analysts said.

Lululemon, known for its pricey leggings and athleisure wear, has joined peers in feeling the pinch from muted spending on higher-margin products. Waning brand ⁠appeal in North America, design missteps and a ‌lack of fresh styles ‌have also added to the pressure amid a leadership transition.

Investors are ‌watching whether incoming CEO Heidi O'Neill, a former executive ‌at struggling Nike, can revive sales after she takes over in September, a task eased by the May resolution of a months-long proxy fight with founder Chip Wilson that had weighed on ‌the stock.

"A full strategic reset under the new CEO is required," Jefferies analysts said.

NEGATIVE BRAND ⁠BUZZ ADDS ⁠WORRIES

Meghan Frank, interim co-CEO and chief financial officer, said its yoga campaign rolled out to win back shoppers "hasn't had the expected halo effect on other areas of our assortment" and cited "negative commentary" as a headwind.

The spike in negative brand sentiment across media and social channels was evident in key markets, Barclays said, including the United States and China, and was primarily related to recent concerns about material composition and product safety.

The company's forward price-to-earnings multiple is 10.06, compared with 22.85 for Nike and 15.10 for Adidas , according to LSEG data.