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Fashion

Saudi 100 Brands Debuts Landmark Fashion Presentation at Saudi Cup 2026

The experience introduced global audiences to Saudi Arabia’s dynamic and growing fashion ecosystem - SPA
The experience introduced global audiences to Saudi Arabia’s dynamic and growing fashion ecosystem - SPA
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Saudi 100 Brands Debuts Landmark Fashion Presentation at Saudi Cup 2026

The experience introduced global audiences to Saudi Arabia’s dynamic and growing fashion ecosystem - SPA
The experience introduced global audiences to Saudi Arabia’s dynamic and growing fashion ecosystem - SPA

The Fashion Commission launched its Saudi 100 Brands showcase at the Saudi Cup 2026, marking a historic milestone for the world-renowned equestrian event at King Abdulaziz Racecourse in Riyadh.
The collections celebrate Saudi heritage by blending traditional and contemporary design. Jewelry and accessory brands also exhibited throughout, providing Saudi designers with a platform to reach a broader global audience. These showcases emphasize the fusion of heritage and modern design, offering a new perspective on the Kingdom's creative identity.
The Saudi 100 Brands program, a flagship initiative of the Fashion Commission, supports emerging designers by providing tools, expertise, and platforms to grow their global presence. This collaboration with the Saudi Cup underscores the importance of celebrating cultural heritage while advancing design innovation.

Each piece in the exhibition incorporates heritage motifs, textiles, and storytelling, reimagined through innovative design to appeal to modern and international audiences.

The exhibition aims to celebrate national identity, highlight local creative talent, and present the evolving direction of Saudi fashion, SPA reported.

Visitors explored the intersection of craftsmanship and cultural expression, discovering how designers honor tradition while advancing fashion design.

The experience also introduced global audiences to Saudi Arabia’s dynamic and growing fashion ecosystem.

This participation reflects the Fashion Commission’s vision to develop a thriving fashion sector rooted in cultural heritage and global ambition. By combining cultural narratives with innovative design, the commission enables Saudi fashion to contribute to global creative industries, nurture talent, and position Saudi brands for sustained success.

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Fashion

L’Oreal Shares Sink as Sales Miss Forecasts 

This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
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L’Oreal Shares Sink as Sales Miss Forecasts 

This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)
This photo taken on February 16, 2018 shows a board with the L'Oreal logo outside of the L'Oreal plant, in Lassigny. (AFP)

L'Oreal shares fell heavily on the Paris stock market on Friday after the cosmetics giant posted sales that fell short of analyst expectations, stoking fears of weakness for its luxury brands and in the key Chinese market.

While revenues rose seven percent in the fourth quarter in Europe -- still the company's biggest market -- they edged up just 0.7 percent in North America and fell five percent in North Asia, which includes China.

Overall, sales were up 1.5 percent to 11.2 billion euros ($13.3 billion) in the final quarter of 2025 -- usually when the company benefits from strong holiday-fueled buying.

This was a marked slowdown from the 4.5-percent growth seen the previous year.

On a like-for-like comparison that excludes the impact of currency fluctuations, sales rose six percent, whereas the consensus forecast was around eight percent, analysts said.

The luxury division (Luxe) in particular, which includes high-end perfumes and make-up and is L'Oreal's biggest by revenue, saw a 0.5-percent sales slide in the fourth quarter, to 4.2 billion euros.

"We think the miss, led by North Asia and Luxe, will be a concern amid a vague outlook," said David Hayes, an analyst at investment bank Jefferies.

L'Oreal's stock was down 3.2 percent in morning trading, partly recovering from a drop of more than six percent at the open.

Net profit for the full year was down 4.4 percent to 6.1 billion euros.

Chief executive Nicolas Hieronimus said when he presented the results on Thursday that L'Oreal had achieved a "solid" performance "despite a context that was at the very least volatile and unfavorable".

For 2026, he said the company had to be "cautious and humble", although he expected "the beauty market to continue its acceleration" unless there was "a new surprise".

"We're going to have to intensify our efforts in terms of innovation to energize the market and win over customers," he added.

Fashion

Michael Kors Brings ‘New York Chic’ to NY Fashion Week with Latest Collection 

A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
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Michael Kors Brings ‘New York Chic’ to NY Fashion Week with Latest Collection 

A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)
A model presents a creation from the Michael Kors Fall/Winter 2026 collection during New York Fashion Week in New York City, US, February 12, 2026. (Reuters)

Michael Kors launched its fall/winter collection on Thursday during New York Fashion Week as models in wool coats and monochromatic sweaters walked the runway carrying feathered bags.

The show celebrated the brand's 45th anniversary. The presentation also ‌comes just over ‌a week after Michael ‌Kors parent ⁠company Capri Holdings ⁠reported a 5.6% drop in the brand's sales in its holiday quarter attributed to reduced promotions. Michael Kors accounts for more than 80% of the company's revenue.

Models, including Alex Consani and Christy ⁠Turlington, strutted the staircase of the ‌Metropolitan Opera ‌House showing off tailored suits, embroidered florals and ‌cashmere sweater dresses inspired by the idea ‌of "no nonsense to being chic in New York," the brand's namesake said.

New York is "gritty, tough, rough, resilient, and then you turn ‌the corner and it's glamorous, opulent, and fabulous," designer Michael Kors ⁠told ⁠Reuters. "I think the balance of those two sides of things ... that is something that has informed my approach."

Actresses Gabrielle Union, Dakota Fanning and Leslie Bibb watched the show along with Vogue Chief Content Officer and Global Editorial Director Anna Wintour.

Capri Holdings shares dropped 3.39% on Thursday. They have lost 12% over the last 12 months.

Fashion

Hermes Beats Sales Expectations, Sees Positive Signs in China

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
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Hermes Beats Sales Expectations, Sees Positive Signs in China

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. (Reuters)

Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan.

Thanks to its ultra-wealthy clients and large order backlog, the group has weathered a luxury sector slowdown better than most of its rivals, consistently increasing revenue while sales at other luxury groups, like LVMH and Kering , have been under pressure.

"The group is going into 2026 with confidence," said CEO Axel Dumas, adding that this year's ‌price increases would ‌be around 5-6%, down from a 6-7% rate in ‌2025, ⁠attributing the slower pace ⁠to currency shifts.

Hermes shares gained 2% in early trade, Reuters reported.

Chiara Battistini, luxury equity analyst at J.P. Morgan, said the price increases Hermes imposes on its deep-pocketed customers this year will be key for the company's growth outlook.

Many of its rivals have put the brakes on price rises due to falling sales. Gucci owner Kering's CEO earlier this week said a price hike "bonanza" post-pandemic had contributed ⁠to the company's revenue slide.

Sales of products, including Birkin and ‌Kelly bags, silk scarves and perfume, grew ‌by 9.8% in the fourth quarter in currency-adjusted terms, compared to an analyst consensus compiled ‌by Visible Alpha of 8.4% growth.

Sales in the Americas region, mainly ‌the United States, rose by 12.1%, beating expectations of around 9%, while sales in Asia excluding Japan - a region mainly driven by China - grew 8%.

POSITIVE SIGNS IN CHINA

In a call with analysts, Dumas said he was seeing positive signs in China, ‌a major luxury market that has slowed significantly in the past few years due to the impact of ⁠a property crash on ⁠the country's economy.

"I do not see the situation deteriorating," he said. "There are positive moves, in particular the way they are managing the property crisis."

Revenues in Hermes' leather division, which accounts for most of its profits, grew by 14.6% organically.

Hermes' full-year operating profit came in at 6.57 billion euros ($7.79 billion), with a 41% profit margin, slightly ahead of estimates of a 40% margin. The company said it would pay a dividend of 18 euros per share.

Hermes has grown its overall annual sales by around 38% in the past three years even as most of the luxury industry stalled. Its shares are up 36% over the same period.

With just 25,000 staff globally, family-controlled Hermes has become France's second-largest company by market capitalization after rival LVMH.