Matthieu Blazy to Step Out as Coco's Heir in Chanel Debut

Models at the Chanel Haute-Couture show in Paris in January. JULIEN DE ROSA / AFP
Models at the Chanel Haute-Couture show in Paris in January. JULIEN DE ROSA / AFP
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Matthieu Blazy to Step Out as Coco's Heir in Chanel Debut

Models at the Chanel Haute-Couture show in Paris in January. JULIEN DE ROSA / AFP
Models at the Chanel Haute-Couture show in Paris in January. JULIEN DE ROSA / AFP

Franco-Belgian designer Matthieu Blazy is set to make his debut in one of the most coveted jobs in the fashion industry on Monday when he sends out models for Chanel for the first time.

The 41-year-old, who was appointed last December, will unveil his Spring/Summer 2026 collection at Paris Fashion Week in the clear highlight of the season, if not the year.

Tasked with moving Chanel on from the era of its legendary late supremo Karl Lagerfeld, Blazy is seen as needing to tread a delicate path between modernizing Chanel while respecting its heritage.

"If there's one house where the traditions are more important than anywhere else, it's Chanel," Elvire von Bardeleben, a fashion journalist at France's Le Monde newspaper told AFP.

"What's expected of Matthieu Blazy is to bring back style, elegance, a twist to traditions that have been overexploited recently," she continued.

Fashion lovers have had to wait for the penultimate day of what has been a historic Paris Fashion Week to glimpse the latest creations from the former Bottega Veneta and Calvin Klein designer.

A flurry of new appointments has led to a sense of generational renewal at the top of the industry, with around 10 different brands unveiling collections from debut chief designers over the last week in Paris.

Northern Irish star Jonathan Anderson began his work impressively at Dior women, Jack McCollough and Lazaro Hernandez started at Loewe, while Dutch designer Duran Lantink stepped into the limelight on Sunday for his star as chief creative at Jean Paul Gaultier.

Italy's Pierpaolo Piccioli also set a new tone at Balenciaga on Saturday having moved to the Paris-based Spanish heritage label to replace Georgian maverick Demna, who has been tasked with reviving Gucci.

The luxury industry is hoping the shake up will help boost flagging sales caused by a slowdown in China, US tariffs and a widespread sense of economic uncertainty.

Chanel, the world's second biggest luxury brand by sales, reported a 30 percent drop in operating profit in 2024 to $4.48 billion, compared to the year before, as revenue fell 4.3 percent over the same period.

Totems

Monday's show will take place at 1800 GMT under the domed glass ceiling of the spectacular Grand Palais exhibition space near the Champs-Elysees, a favorite spot for the brand.

Blazy has given almost nothing away, except for a few outfits revealed on the red carpets of recent film and TV events.

The invitation, featuring a Chanel house-shaped pendant, was very classic, while a black-and-white photo posted on Instagram about the collection featured a short-bobbed brunette reminiscent of the brand's founder Coco Chanel.

"At Chanel, there are totems you don't touch," Pierre Groppo, fashion editor-in-chief of Vanity Fair magazine in France, told AFP. "But you can reinvent them."

Blazy is only the fourth creative director in Chanel's history after Coco, Lagerfeld and his immediate predecessor, Virginie Viard.

Blazy won widespread praise for his work as chief creative at Bottega Veneta for three years, helping modernize the look of the classic Italian leather-goods house, making it more playful and daring.

He also oversaw the launch of its first fragrances and high-end jewelry, and updated the brand's classic "intrecciato" woven patterns with hit bags such as Kalimero, Andiamo and Sardine.

One question he is likely to face at some point is whether he would support a Chanel menswear range for the first time.

For now, all eyes will be on the outfits on Monday and the privileged few -- a constellation of VIPs is a certainty -- who secured the hottest seats in the French capital.



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.


Designer Gabriela Hearst Still Believes in 'Brilliance of Humanity' Despite AI

Uruguayan-US fashion designer Gabriela Hearst gestures during an interview after presenting the official suits for Uruguay's national football team ahead of the 2026 FIFA World Cup at the Centenario Stadium in Montevideo, on June 2, 2026. (Photo by Eitan ABRAMOVICH / AFP)
Uruguayan-US fashion designer Gabriela Hearst gestures during an interview after presenting the official suits for Uruguay's national football team ahead of the 2026 FIFA World Cup at the Centenario Stadium in Montevideo, on June 2, 2026. (Photo by Eitan ABRAMOVICH / AFP)
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Designer Gabriela Hearst Still Believes in 'Brilliance of Humanity' Despite AI

Uruguayan-US fashion designer Gabriela Hearst gestures during an interview after presenting the official suits for Uruguay's national football team ahead of the 2026 FIFA World Cup at the Centenario Stadium in Montevideo, on June 2, 2026. (Photo by Eitan ABRAMOVICH / AFP)
Uruguayan-US fashion designer Gabriela Hearst gestures during an interview after presenting the official suits for Uruguay's national football team ahead of the 2026 FIFA World Cup at the Centenario Stadium in Montevideo, on June 2, 2026. (Photo by Eitan ABRAMOVICH / AFP)

The "brilliance of humanity" will matter more, not less, in an AI world, Uruguayan designer Gabriela Hearst told AFP in an interview.

Natural materials and handmade craftsmanship are the hallmarks of Hearst's luxury brand, whose commitment to environmentally friendly fashion has secured her status as a sustainable style icon.

With celebrities including Kate Middleton, Julia Roberts and former US first lady Jill Biden wearing her personal brand, Hearst was also the first Latin American woman to lead the French fashion house Chloe from 2020 to 2023.

In a world threatened by climate crisis and the emergence of artificial intelligence, "there will be a genuine need for handmade creation," Hearst told AFP during a recent trip to Montevideo to present World Cup uniforms to the Uruguayan team.

"The human part, the part of our brain that is unique to us, the part that represents the brilliance of humanity, is going to matter more and more," she said.

The designer on the cusp of 50 prizes quality over quantity, and obstinately opposes fast fashion fads.

"There are so many clothes in the world," she said. "There's always a way to have a small amount, but of good quality."

Now based in New York, Hearst said she owes her intimate knowledge of quality, sustainability and "true beauty" to her native Uruguay.

"When I was little, I wanted to go travel, to see the world," she said.

"After traveling," she continued, "I was able to appreciate what it means to grow up with those star-filled skies, the nature, eating food from the land, the quality, the natural luxury that surrounded me."

"Clothes were passed down" in Hearst's community, she said, recalling picking through her mother's wardrobe filled with garments made by the family seamstress.

In her native country of 3.4 million people, hundreds of weavers work for Manos del Uruguay, a network of cooperatives that produces handcrafted garments for Hearst's brand.

The finished products end up on runways, Vogue magazine covers and even on-screen in "Sex and the City" movie sequel, where a multi-colored blanket designed by Hearst appears draped over Sarah Jessica Parker's legs.

"It's incredible that our craftsmanship reaches so far," said 60-year-old weaver Mabel Bargas, who works in one of the Manos del Uruguay workshops.

Hearst wants to leave a legacy of positive social impact by creating jobs and doing her bit for the environment.

"We can't afford to lose our human connection," she said, adding that people with privilege "have a responsibility to help others."


France Hits Shein with 22 Mn Euros in New Fines Over Consumer Violations

FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva/File Photo
FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva/File Photo
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France Hits Shein with 22 Mn Euros in New Fines Over Consumer Violations

FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva/File Photo
FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva/File Photo

French authorities said Wednesday that they had imposed two fines on Shein totaling more than 22 million euros ($25.5 million), citing problems with product traceability, environmental labelling and delivery times.

The new penalties bring the total fines imposed by France against the Asian fashion giant to more than 210 million euros, AFP reported.

The latest fines were imposed by the government's consumer protection agency DGCCRF following a wide-ranging investigation targeting several e-commerce platforms, primarily based outside Europe, including Shein.

The first fine of 5.77 million euros targets Infinite Style Ecommerce Co Ltd (ISEL), which handles sales for Shein.

The DGCCRF accuses Shein of failing to comply with a 14-day period required for consumers to be able to reconsider certain purchases.

The watchdog also accuses the company of omitting mandatory traceability information, such as the countries where its clothing is woven, dyed and manufactured, and of failing to disclose the presence of microplastics in its fabrics.

Microplastics, primarily found in polyester, are released into the water with every machine wash, posing a serious environmental threat.

In addition, the agency imposed a fine of 16.73 million euros on Shein's subsidiary ISSL (Infinite Styles Services Limited), accusing it of violations of consumer law.

Shein has been under fire since it established operations in France.

It is widely criticized by campaign groups and politicians for generating environmental pollution, practicing unfair competition, selling goods that fail to comply with basic regulations and imposing poor working conditions in its Chinese factories.