Designer Olivier Rousteing Leaves Balmain After 14 Years Fusing Couture Craft With Pop-Era Bravado

French fashion designer Olivier Rousteing acknowledges the audience at the end of the Balmain show as part of the Paris Fashion Week Womenswear Spring/Summer 2024, in Paris on September 27, 2023. (AFP)
French fashion designer Olivier Rousteing acknowledges the audience at the end of the Balmain show as part of the Paris Fashion Week Womenswear Spring/Summer 2024, in Paris on September 27, 2023. (AFP)
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Designer Olivier Rousteing Leaves Balmain After 14 Years Fusing Couture Craft With Pop-Era Bravado

French fashion designer Olivier Rousteing acknowledges the audience at the end of the Balmain show as part of the Paris Fashion Week Womenswear Spring/Summer 2024, in Paris on September 27, 2023. (AFP)
French fashion designer Olivier Rousteing acknowledges the audience at the end of the Balmain show as part of the Paris Fashion Week Womenswear Spring/Summer 2024, in Paris on September 27, 2023. (AFP)

Designer Olivier Rousteing is stepping down as creative director of the Balmain fashion house after 14 hugely visible years in which he fused the rigor of Parisian tailoring with a digital-age sense of celebrity, he announced Wednesday.

“Today marks the end of my Balmain era,” Rousteing, 40, wrote on Instagram. “What an extraordinary story it has been — a love story, a life story ... I will always hold this treasured time close to my heart."

Balmain confirmed Rousteing's departure and said in a statement that a new creative direction would be announced “in due course.”

“Throughout his remarkable 14-year tenure, Olivier’s visionary approach and creative brilliance propelled Balmain to unprecedented heights," the label said.

Rousteing, who became creative director in 2011 at age 25 after two years at the label, spent his tenure reviving a once-sleepy fashion house with a mix of couture craft and pop-era bravado.

He transformed Balmain into a headline-generating brand with a vision built on sequins, power shoulders and social media muscle, reframing French luxury for a generation raised on Instagram.

Under Rousteing, Balmain became as much about community as clothing. He cultivated what he called the “Balmain Army" — a loyal circle of models and stars including Rihanna, Beyoncé and Kim Kardashian — which embodied the glamour and visibility he championed.

Runway shows became pop events, blurring the line between fashion show and stadium concert. The designer’s inclusive casting and celebration of diversity helped redefine the image of a Paris house often associated with old-world exclusivity.

Born in Bordeaux and adopted as an infant, Rousteing later learned that his biological parents were of Somali and Ethiopian origin — a revelation that he said deepened his sense of identity and creative mission. His collections often wove references to heritage, resilience and belonging, offering a modern counterpoint to the Eurocentric codes that once dominated French couture.

That personal resilience was tested again in 2020, when a fireplace explosion in his Paris home left him with severe burns across much of his body. Rousteing kept the accident private for nearly a year, designing in bandages while concealing his injuries from the public eye. When he revealed the ordeal on Instagram, posting an image of his scarred torso, the gesture was both raw and defiant — a reminder that vulnerability could coexist with glamour.

The designer’s candor about his trauma and recovery further humanized a figure once seen as fashion’s ultimate showman. In interviews, Rousteing said the experience stripped away fear and reinforced his belief in honesty and transparency. His subsequent collections, notably the Spring 2022 show marking Balmain’s 10th anniversary under his direction, were suffused with themes of healing, strength and rebirth, with corseted silhouettes and bandage motifs doubling as symbols of survival.

“Like every story, this one also has an ending,” Rousteing wrote on Instagram Wednesday. He thanked his team and colleagues, but did not say what his next step will be.

“Today, I leave the House of Balmain with my eyes still wide open — open to the future and to the beautiful adventures ahead, adventures in which all of you will have a place. A new era, a new beginning, a new story. THANK YOU.”



Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.


Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
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Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo

German fashion group Hugo Boss on Tuesday said it expects its earnings before interest and taxes to be between 300 million and 350 million euros ($406.74 million) in 2026, as it undertakes a strategic overhaul.

The company forecast currency-adjusted sales to fall in mid- to high-single digits in 2026 before returning to growth in 2027, due to deliberate brand and channel realignment, Reuters reported.

The update follows last month's guidance for 2025 at the lower end of its range, between 4.2 billion and 4.4 billion euros in sales and operating profit of 380 million to 440 million euros, citing rising macroeconomic uncertainty and adverse currency moves.

It had also reported its quarterly sales below expectations, hurt by weaker demand in Britain and China and pressure from a softer dollar.

The company said it would provide a detailed outlook for 2026 on March 10, alongside full-year 2025 results.