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The Big Number: $1.48 Billion
  + stars: | 2023-10-13 | by ( Marie Solis | ) www.nytimes.com   time to read: 1 min
Once primarily a shoe worn by hippies and hikers, Birkenstocks have also become a favorite of celebrities and a frequent collaborator with high-end brands like Dior and Manolo Blahnik — without ever losing their core devotees. In its pitch to investors, the company said it had succeeded by not giving into the whims of fashion trends, persisting as a stalwart of functionality, practicality and durability.
Persons: Dior, Manolo Blahnik —
The fashion show that changed hip-hop forever
  + stars: | 2023-10-10 | by ( Sowmya Krishnamurthy | ) edition.cnn.com   time to read: +8 min
CNN —Chanel’s 1991 Fall-Winter ready-to-wear show was set in Paris, but its soul was right off the streets of New York City. “He listens to everything, reads everything, sees everything, and then distills it into these potent fashion images.”Linda Evangelista and Karl Lagerfeld (center) walk the runway during the finale of Chanel's 1991 Fall-Winter fashion show in Paris, France. Victor Virgile/Gamma-Rapho/Getty ImagesWhat would become known colloquially as Chanel’s “hip-hop collection” was a watershed moment, the pinnacle of French prêt-à-porter (ready-to-wear) welcoming hip-hop into its sanctum. It’s unclear whether Mizrahi and the like appreciated hip-hop or saw it as a grab for cache and cash. Editor’s Note: This piece is excerpted from Sowmya Krishnamurthy’s “FASHION KILLA: How Hip-Hop Revolutionized High Fashion,” published by Gallery Books, a subsidiary of Simon & Schuster.
Persons: CNN —, Nancy Sinatra’s “, Rocky, Sylvester Stallone, Dolph Lundgren, gazed, Karen Mulder, Helena Christensen, Linda Evangelista, CHANEL, , glitz, “ Chanel ”, Jeans, risqué, , Karl Lagerfeld, Lagerfeld, Tim Blanks, ” Linda Evangelista, Victor Virgile, Chanel, ” gushed Rose Marie Bravo, Isaac Mizrahi, Charlotte Neuville, Adrienne Vittadini, Randolph Duke, Norma Kamali, Arthur Hubbert, Katharine Hamnett, Rifat Ozbek, Queen Latifah, Donna Karan, Mizrahi, ” Mizrahi, Freddy, Chuck D, Flav, Al Pereira, Michael Ochs, Denise Burrows, Pat Cleveland, Dorothy “ Terri ” Springer, Gucci, Louis Vuitton, Simon, Schuster, Sowmya, Simon & Schuster Organizations: CNN, Co, Magazine, Newsweek, Penske Media, Getty, Women’s, Michael Ochs Archives, Fashion, New York Times, Gallery Books, Simon & Locations: Paris, New York City, Harlem, France, Chanel
With 66 million followers on the platform, Karol G ranks 70th in terms of follower count but 6th when it comes to engagement rates. But the label’s enthusiasm for its Karol G campaign a half-year after its release is telling, nonetheless. Karol G attends the #BoF500 Gala during Paris Fashion Week at Shangri-La Hotel Paris on September 30, 2023 in Paris, France. By the time Karol G entered the scene in a big way, fashion, luxury and sportswear giants were still warming up to her male counterparts. People aren’t as fixated on that anymore.”Indeed, it is the shift in attitudes toward language that appears to have helped Karol G secure the Loewe deal.
Persons: Karol G, Jonathan Anderson, Karol’s, Shakira, — Karol G, Provenza, , , Nicki Minaj —, Karol, Karol G's, she’s, Lea Colombo, “ Karol G, Charlie Smith, Loewe, couldn’t, Ricky Martin’s, hasn’t, “ I’ve, Anderson, Karol G’s, ” Karol G, Christopher Polk, SocialBook, Kim Kardashian, Julian Martinez, ” Martinez, “ Karol, Miu, Roberto Cavalli, Gina Ferazzi, Loewe’s Smith, Jacquemus, Barbie, Emilio Pucci, , Vetements, Rick Owens, Pascal Le Segretain, Maykol Sanchez, Spotify’s, Yankee’s, Don Omar’s, Maluma, J, Nicky Jam, . Ivy Queen, Jennifer Lopez, Shakira —, Burberry —, Becky G —, Karol —, Ovy, Bad Bunny, Rich Fury, Karla Martínez, There’s, Leila Cobo, Billboard’s, ” Cobo, aren’t, “ Jonathan, ” Karol, Carolina Giraldo Navarro, Colombia’s, J Balvin, Cobo, She’s, ” she’s, haven’t, ’ ” Karol G, Alexander Tamargo, Nina García, Elle, García, ” García, I’ve, I’m, it’s, Brett Alan Nelson, I’d Organizations: The, Fashion, CNN, , Billboard, MTV, New York City’s Rockefeller Center, Variety, Los Angeles Times, Getty, Brands, Los, Paris, Spotify, Reebok, Umbro, Dolce, Gabbana, Nike, Guess, Adidas, Trailblazers, Burberry, Levi’s, Kappa, Puerto Rican, Pew Research Center, Limits, Vogue Mexico, reggaeton’s, Loewe, Carolina, Puerto Locations: Spanish, , Latin America, New York, Newark , New Jersey, California, Versailles, bejeweled, Paris, France, Spain, Italy, Germany, Canada, America, Balmain, Barcelona, Rosalía, American, Panama, Jamaica, Puerto Rico, Dominican, Caribbean, Medellín, Colombia, Puerto, Miami, Mexico City, Buenos Aires, Santiago, Chile, Austin, Austin , Texas, Mexico, North America, Europe, Dubai, Singapore, Nairobi, Puerto Rican, Sera, Miami , Florida, Colombiamoda
Meanwhile over at Miu Miu, it was a heartfelt adieu to Fabio Zambernardi after more than four decades with the Prada Group; as in Milan, Miuccia Prada came out and took a bow with him one last time. Pamela Anderson attended fashion week shows sans makeup, as shown here at Vivienne Westwood. At Miu Miu, Sydney Sweeney, Emma Chamberlain, Zaya Wade and Mia Goth made for an eclectic, très-trendy front row; Cate Blanchett appeared at Louis Vuitton alongside Zendaya, who wore a dramatic white double-zipper dress that has gone viral. Issey Miyake continues to explore movement in its runway shows, this season with musicians imitating chirping and other sounds found in nature. Peter White/Getty ImagesOne of the most joyful moments on the Miu Miu runway was the accessory styling.
Persons: Milan —, Peter Do, Helmut Lang, Francesco Risso, Marni, Stefano Gallici, Ann Demeulemeester, , Sarah Burton’s, Alexander McQueen, Burton, Lee McQueen’s, Magdalena Abakanowicz’s, McQueen, Sarah Burton, Ik Aldama, Alexander McQueen Naomi Campbell, Aldama, Anna Wintour, Tim Blanks, Gabriela Hearst, Chloe, Miu Miu, Fabio Zambernardi, Miuccia Prada, Paris Hilton, Angela Bassett, Fan Bingbing, Jared Leto, Sigourney Weaver, Cher, Usher, Chanel, Riley Keough, Jennie Kim, Blackpink, Pamela Anderson, Vivienne Westwood, JM Haedrich, Pamela Anderson forewent, Issa Rae, Francesco Risso’s, Mugler, Sydney Sweeney, Emma Chamberlain, Zaya Wade, Mia Goth, Cate Blanchett, Louis Vuitton, Zendaya, Jun Takahashi, Victor Virgile, Junya Watanabe, Casey Cadwallader, chiffon, corseted, Rick Owens, Zimmermann, charmeuse, Van Noten, Karl Lagerfeld’s, Victoria Beckham, Kim Kardashian, Kris Jenner, Issey Miyake, chirping, Valentino, FKA, Demna, Cathy Horyn, Guram Gvasalia, Amanda Lepore, Emmanuel Grégoire, Victor Lochon, Glenn Martens, Tweed, Virginie Viard, Bertrand Guay, Gabriela Hearst's, Ik, Hearst, Aitor Rosas Sune, WWD, Isidore Montag, Victoria Beckham Kendall Jenner, David, Romeo, Harper, Peter White, Bingbing, Daniele Oberrauch, Jonas Gustavsson, Karl Lagerfeld's, Miyake, Isabel Marant's, Filippo Fior, Isabel Marant, Jun, Valerio Mezzanotti, Ann Valerio Mezzanotti Junya Watanabe, Miu, Jane Birkin, Julien De Rosa, Gigi Hadid, Caliee Spaeny, Priscilla Organizations: France CNN, Milan, Paris, Prada Group, SAG, Givenchy, Champs Elysee, Louis, LVMH, Getty, Washington Post, Rugby Locations: Paris, France, New York, London, “ Paris, Polish, Brazil, Milan, Hollywood, Balenciaga, AFP, Brooklyn, Van
“The Missing Thread, Untold Stories of Black Fashion” is filled with photos like this, as the showcase dives deep into the history of Black British culture from the 1970s to the present day — specifically, how it has been a forgotten influence on the fashion industry. British Jamaican photographer Vanley Burke has spent over 50 years documenting Black British communities in Birmingham. London-born photographer Jennie Baptiste is another artist getting her dues in "The Missing Thread." At the center of the exhibition is the work of Black British designer Joe Casely-Hayford, who died in 2019. Casely-Hayford was nominated for Womenswear British Designer of the Year in 1989 and also Innovative Designer of the Year in 1991.
Persons: London CNN —, Neil Kenlock, , Andrew Ibi, Jason Jules, Harris Elliot —, Jules, Black creatives, Law Roach, Chioma Nnadi, Ibi, Elliot, Vanley Burke, , Wayne Pinnock, Pinnock’s, Suzy Menkes, Pinnock, Jennie Baptiste, Pinky, Chinyere Eze, Brenda Cuffy, Charlie Allen, Joe Casely, Hayford, Kevin Davies, White, Bruce Oldfield, Queen, Ozwald Boateng, Savile, Bono, Charlie, Harris Organizations: London CNN, London’s Somerset House, Development Agency, CNN, Somerset House, Royal College of Art, New York Times, Moschino, Vogue, British Empire, Victoria & Abert Museum, FIT Locations: British, Birmingham, Handsworth Park, Somerset, Milan, London, Casely, New York City
CNN —Pamela Anderson went without makeup for Paris Fashion Week and Jamie Lee Curtis found it beautiful. Anderson recently told Elle that back then, “I just went along with what people were telling me what to do” in terms of her look. She explained that she has chosen to wear little or no makeup since the death of her former makeup artist Alexis Vogel, who died in 2019 following a battle with breast cancer. “She was the best,” Anderson said of Vogel. And I’m kind of laughing at myself when I look at the mirror.
Persons: Pamela Anderson, Jamie Lee Curtis, Anderson, ” Curtis, , , Elle, Alexis Vogel, ” Anderson, Vogel, Alexis, it’s, Hugo Boss, Tommy Hilfiger Organizations: CNN, Paris Fashion
Virginie Viard’s spring collection emerged as a sun-drenched ode to liberty and movement, inspired directly from the villa’s gardens. This was Viard's Chanel: clothes that seemed relaxed and with nothing to prove. Viard’s Chanel feels less about dazzling the onlooker and more about connecting with her. While Lagerfeld’s Chanel was an aspiration, Viard’s is becoming a reflection. Last month, Cruz alongside her sister, Mónica Cruz, unveiled a fashion collection on Instagram, hinting at her deep-seated respect for the craft.
Persons: Noailles, Man Ray, Dali —, Karl Lagerfeld —, Virginie Viard’s, Gigi Hadid, Penélope Cruz, VIARD, CHANEL, ” Viard, chicness —, Viard's, impeccably, Chanel, Viard’s Chanel, Lagerfeld’s Chanel, Chanel relatable, she’s, CRUZ, poignantly, , ” Cruz, Cruz, , Mónica Cruz, “ I’ve Organizations: PARIS, Associated Press Locations: Paris, France, Manton, Manila, Manton di Manila, Chanel
Mike Jeffries faces allegations that he exploited men at sex events, per a BBC investigation. Abercrombie & Fitch said it was "appalled and disgusted" by these allegations. AdvertisementAdvertisementThe former boss of fashion giant Abercrombie & Fitch has been accused of exploiting men for sex. Abercrombie & Fitch told the BBC that it was "appalled and disgusted" by the alleged behavior of its former CEO. Abercrombie & Fitch did not immediately respond to a request for comment from Insider, made outside normal working hours.
Persons: Mike Jeffries, Fitch, , Matthew Smith, James Jacobson, Jeffries, Abercrombie & Fitch, Jacobson, Smith, David Bradberry, Barrett Pall, Brad Edwards, Abercrombie Organizations: BBC, Abercrombie, Service, Hamptons, Fitch
The heat outside mirrored the fervor inside, as Vuitton proved, once again, that in the world of fashion, it's an unstoppable force. ACTIVISTS TARGET LOUIS VUITTON DURING PARIS FASHION WEEKJust before Louis Vuitton’s anticipated show, environmental activists from “Dernière Rénovation” sprayed the brand’s Champs-Elysées storefront with orange paint. According to social media, to challenge the luxury brands of Paris Fashion Week and the wealthy attending the specific event. Another proudly showcased the real seaweed – yes, seaweed – that went into crafting a striking 70s macrame dress. Stella’s Sustainable Market showcased her dedication to innovative materials, complemented by English sculptor Andrew Logan’s artistry.
Persons: Louis Vuitton’s, Zendaya, Cate Blanchett, Jennifer Connelly, Paul Bettany, Jaden Smith, Vuitton, Stella McCartney, Nicolas Ghesquière, Ghesquière’s, Armani, LOUIS VUITTON, , , influencer Jeremstar, Robert Downey Jr, “ Emily, Ashley Park, Anna Wintour, Breteuil, Stella, Linda McCartney, , basked, McCartney, Andrew Logan’s, STELLA MCCARTNEY, ” McCartney Organizations: PARIS, harlequins, Paris Fashion Locations: City of Light, Paris, yore, PARIS, Camden
Anna Wintour once sought Sam Bankman-Fried's sponsorship for the Met Gala, says Michael Lewis. But the author told "60 Minutes" that Bankman-Fried had no idea who Wintour was. AdvertisementAdvertisementVogue's Anna Wintour wanted to secure Sam Bankman-Fried's sponsorship for the Met Gala, but Bankman-Fried didn't know who she was, according to the author of an upcoming book on FTX. And he says, "There's this person named Anna Wintour,'" Lewis told "60 Minutes" correspondent Jon Wertheim. Lewis told "60 Minutes" that on this particular occasion, he "sat off to one side," where Wintour couldn't see him on the call.
Persons: Anna Wintour, Sam Bankman, Michael Lewis, Fried, Wintour, Lewis, , Jon Wertheim, Wintour couldn't, Bankman, FTX Organizations: Service, New York's Metropolitan Museum of Art, Court, District of Locations: America, Bankman, District of Delaware, Alameda
PARIS (AP) — An afternoon of stardom, surprise and style reverberated in the heart of Paris Fashion Week on Saturday. As Andreas Kronthaler for Vivienne Westwood unfolded, it became clear: Fashion’s wild heart is alive and beating stronger than ever. The eccentric behind this show is no stranger to the spotlight, and it’s clear he’s carving his niche within the Westwood legacy. Political Cartoons View All 1190 ImagesDelving into Kronthaler’s history with Westwood, one can trace his growth. Anderson hailed Westwood as a “climate revolutionary,” expressing her deep respect for the designer’s proactive stance on climate change.
Persons: Andreas Kronthaler, Vivienne Westwood, Pamela Anderson, Christina Hendricks, he’s, Ariel, Westwood, PAMELA ANDERSON, VIVIENNE WESTWOOD, Anderson, ” Anderson, Stella McCartney, Chloe, “ Vivienne, Don’t, Louise Trotter, trailblazer Marie, Louise Carven, Ma Organizations: PARIS, Westwood, VIVIENNE WESTWOOD SHOW, Associated Press, trailblazer Locations: Paris, Vendome
I stopped buying new clothes for five months this year. Now that my student loans will be an added expense, I'm going to hold off on shopping for new clothes for a while. AdvertisementAdvertisementHere's what I learned from five months of buying no new clothes. While I wasn't buying new clothes, I did purchase a few new pairs of earrings to jazz up old dresses. The challenge helped me shop more consciouslyAt the end of the five months, thrifting was not only less expensive than buying new clothes, but it also helped me shop more consciously.
Persons: , I'm, Michael Fiddelke, I've, Jennifer Ortakales Dawkins, snakeskin Jeffrey Campbell, It's, Depop, thrifting, wasn't Organizations: Service, Fashion Locations: Puerto Vallarta , Mexico, Costa Rica, Mexico, Los Angeles
Milan CNN —Milan Fashion Week picked up where London left off last Wednesday, at least weather-wise. Both hit their strides with highly well received collections, as did a number of other familiar faces to Italy’s fashion capital. Overall, however, the festivities showed a consistency of form that continues to make the Italian city Paris’s greatest rival to the fashion scene throne. Cinematic sets and performative showsAlongside the clothes, many brands made their sets a main talking point at fashion week. Lodovico Colli di Felizzano/WWD/Getty ImagesRyan Gosling and Juila Roberts were among the star-studded crowd to pile into the Gucci show.
Persons: Milan, Gucci, Sabato de Sarno, Tom Ford’s, Peter Hawkings, Ford’s, Versace, Giulio Tanzini, Julia Roberts, Ryan Gosling, Gabrielle Union, Jessica Chastain, Paul Mescal, Jodie Comer, Emma Watson, Scarlett Johansson, Benedict Cumberbatch, Prada, Kate Moss, Linda Evangelista, Naomi Campbell, Anna Wintour, Kim Jones, Karl Lagerfeld, Rome, Tom Ford, georgette, Brigitte Bardot, Priscilla Presley, Lorenzo Serafini, Max Mara, Ian Griffiths, Carlyne Cerf, Dudzeele, Katie Grand, Lucia Liu, Gabriella Karefa, Johnson, Franco, Jeremy Scott, Cerf, Lucia Liu’s, Donatella Versace, Kendall Jenner, Gigi Hadid, Natalia Bryant, Precious Lee, Claudia Schiffer, lacy, Simone Bellotti, Francesca Murri, Matthieu Blazy, Blazy, Italy —, , Paolo Fichera, Cavalli, Fendi, Shawn Kolodny, Pietro S, Beate Karlsson, Avavav, Sabato de Sarno's, Gregoire Avanel, Tom Ford's, Gaspar Ruiz, Pietro D'Aprano, Mattieu, Alfonso Catalano, Kim Jones nodded, Fendi Jones, Daniele Venturelli, Zakirova, Lodovico Colli di, Juila Roberts, Roberto Cavalli, Isidore Montag Organizations: Milan CNN — Milan, London, Bottega Veneta, Diesel, Prada, Britain’s Land Army, Dolce, Gabbana, Bally, Fondazione Prada, Accademia di Brera, Getty, Gucci Locations: British, Milan, Bottega, Hollywood, Fendi, organza, Los Angeles, Cannes, Bottega Veneta, Italy, French, Belgian, , Missoni, Milan’s, Sunnei, Stockholm
Camille Delbos/Art In All of Us/Corbis/Getty ImagesSo Kolade turned to something that was available in abundance: second-hand clothes. “I have declared war on second-hand clothes to promote African wear,” the President said during the opening of 16 factories at an industrial park late last month, according to Ugandan newspaper Daily Monitor. Ugandan fashion house Buzigahill give new life to second-hand clothes through patchworking and splicing pieces together. According to the Uganda Dealers in Used Clothing and Shoes Association, there are a huge number of jobs directly and indirectly involved in the second-hand clothing supply chain. “It is clear that the second-hand clothing trade is broken because the firsthand clothing trade is broken,” said Ricketts.
Persons: Bobby Kolade, Camille Delbos, Kolade, patchworked sweats, Yoweri Museveni, Martin Kharumwa, , Corti Paul Lakuma, Bales, Andrew Caballero, Reynolds, Uganda’s, Buzigahill, Liz Ricketts, Ricketts Organizations: CNN, The, Fashion, Ugandan, Daily Monitor, East African Community, Policy Research, Greenpeace, Bloomberg, Getty, European Union, European Environment Agency, Uganda Dealers, Association, European Locations: Berlin, Kampala, Entebbe, Uganda, Turkey, China, East, Europe, East Africa, Philippines, Indonesia, Rwanda, Kenya, Tanzania, Ugandan, Accra, Ghana, Africa, Kantamanto, California
Harry Styles, Bjork and celebrating fashion’s rebels
  + stars: | 2023-09-25 | by ( Zoe Whitfield | ) edition.cnn.com   time to read: +6 min
Bjork wearing a Marjan Pejoski swan dress — complete with egg, laid on the red carpet — to the 2001 Academy Awards in Los Angeles. “Christopher Kane’s amazing neon dresses were made of lace, lingerie and elastic bought at a market in east London,” she explained. Style.com, as a resource, had a huge impact – immediately designers could understand how many people they were reaching,” said Lewin. Those technological shifts had an enormous impact.”The exhibition features clothing and fashion ephemera from the past 30 years. “Same as every other creative industry, changes in the education system and the cost of living have ripple effects on the way designers function within a city like London,” she said.
Persons: Newgen, Tony Blair, , Porter, Bjork, Wally Skalij, Rebecca Lewin —, Sarah Mower —, “ Lee McQueen, , Lewin, Alexander McQueen, Andy Stagg, Grace Wales Bonner, JW Anderson, Kim Jones, Mary Katrantzou, Duro Olowu, Richard Quinn, Simone Rocha, McQueen’s, Simon Ungless, Lee, Martine Rose, Charles Jeffrey’s, Nasir Mazhar, Harikrishnan Keezhathil Surendran Pillai, HARRI, Daley’s Liverpool, Steven Stokey, Daley, Pejoski, Sam Smith, Harry Styles, Singer Sam Smith, “ Christopher, you’ve, Organizations: London CNN, London, Los Angeles Times, Vogue, CNN, British Fashion Council, BFC, Ritz, Central Saint Martins, University of Westminster, London College of Fashion, BRIT, Design Museum Locations: British, Britain, Iraq, Los Angeles, London, Central Saint, India, Macedonia,
I really feel I’m taking care of this place,” Biagiotti Cigna said in a recent interview with The Associated Press inside the castle walls. “There was so much energy here in the Renaissance and I really feel that the Ryder Cup is a new renaissance for Marco Simone,” Biagiotti Cigna said. “We cannot handle having so many visitors — 300,000 people is a little too complicated to handle,” Biagiotti Cigna said. “But right after the Ryder Cup, visitors who come and play Marco Simone, by booking in advance, will be able to visit the fashion house as well. “(After) the Ryder Cup there will be an opportunity to embrace a new experience of golf, culture, fashion, food and archeology.”___
Persons: GUIDONIA MONTECELIO, , Marco Simone, Lavinia Biagiotti Cigna, Biagiotti, ” Biagiotti Cigna, Simone dei Tebaldi, Galileo Galilei, Biagiotti Cigna, , ” Biagiotti, Delia, , Delia Soldaini Biagiotti, Laura Biagiotti, It’s, Lara Arias, Henrik Stenson, Luke Donald, Stenson, LIV, Cigna Organizations: Associated Press, sport’s, Ryder Locations: Italy, Rome, Italian, China, Saudi
Each year, droves of tech founders, funders, and dreamers descend on TechCrunch Disrupt. And for years the event was regarded as a kind of fashion wasteland. Back in 2015, GQ felt compelled to write an entire tribute to the "one well-dressed man" at the conference. AdvertisementAdvertisementBut as the curtains rose on the startup world's big tent at the Moscone Center in San Francisco last week, the fashion transformation was undeniable. Well-heeled venture capitalists shed their puffy vests for tailored suits and cashmere, and stilettos were almost as commonplace as sneakers.
Persons: GQ Organizations: TechCrunch, Moscone Center Locations: San Francisco
Giorgio Armani closed Milan Fashion Week on Sunday with good vibes and a front row that included frequent guests such as Cate Blanchette and Juliette Binoche. The 89-year-old designer employed translucent, diaphanous fabrics alongside silks and satin to create lightness and movement. Political Cartoons View All 1176 Images“Vibrations, that means colors, that means movement, that means a structure that moves on the body,″ Armani said. The designer said he sensed a change in this season's Fashion Week, with less frivolity. There is also a little research, which has to be part of this craft,'' Armani said.
Persons: Giorgio Armani, Cate Blanchette, Juliette Binoche, ″ Armani, ” Armani, Armani Organizations: Milan Locations: Milan
“Judging is an instinct.” “You’re already giving a score to this look in your mind, just express it.” So droned the Voice of God at the Sunnei show over the weekend as Milan Fashion Week drew to a close. Well, who doesn’t know truth when they hear it? This season the subject was the court of public opinion that is the social media sphere, where everyone is free to weigh in on everything. And as usual, while the clothes illustrating the issue were good (Sunnei is essentially grunge for the thinking person), even better was the point. Sometimes that can be hard to find under the plethora of “real clothes,” razzle-dazzle showmanship and archive-diving that currently seems to be the default in fashion.
Persons: , Simone Rizzo, Loris Messina, Organizations: Milan
Yet, if Gucci’s new designer Sabato de Sarno was rattled before he took his bow for the Italian luxury house at Milan fashion week on Friday, he didn’t show it. Where Michele was an overt maximalist with retro references, de Sarno mined the Gucci archive and codes in a more stripped-back way. Oxblood red dominated the collection, inspired by The Savoy hotel in London where Guccio Gucci worked in the late 1800s. The bling was, in fact, a reference to the Marina jewelry collection that appeared in Gucci campaigns in the late 1960s. The rest of the embellished crystal designs were inspired by embroideries de Sarno found on 1960s clutch bags in the Gucci archive.
Persons: Milan, Sabato de Sarno, Alessandro Michele’s, De Sarno, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, Francois, Henri Pinault, Swan, Gucci Ancora ”, , de Sarno, Prada, Gabbana, Valentino, Michele, Jackie, , Guccio Gucci, Daniele Venturelli, “ Rosso Ancora, , Sabato De Sarno, Gucci, Kering, Daria Werbowy, Tom Ford Gucci, embroideries de Sarno Organizations: Milan CNN, Brera, Gucci, Dolce Locations: Milan, , Savoy, London, Naples
"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera
The Federal Reserve paused its interest rate hikes on Wednesday. On Wednesday, the Federal Open Market Committee announced it would be pausing its interest rate hikes in September. The Fed still has work to do to reach its 2% inflation target. AdvertisementAdvertisementBut Powell cautioned in July that further rate hikes are not off the table for the rest of the year. Of note, 12 out of 19 of the Fed members who vote on interest rate decisions predicted one more hike in 2023.
Persons: Powell, July's, Jan Hatzius, Goldman Sachs, Jerome Powell, Janet Yellen, We've Organizations: Federal Reserve, Service, Federal, Market Committee, Fed, NYU, of Labor, Statistics, CNBC Locations: Wall, Silicon
America is stuck in a greased-pig economy
  + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +10 min
At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.
Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, , you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper
At the same time that prices were cooling off, the rest of the economy seemed to be holding up. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since. But with inflation still above the Fed's goal, it's clear we need to recalibrate some on the demand side still.
Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, , you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper
On Wednesday, the Federal Open Market Committee will announce whether it will raise interest rates again or implement a pause. AdvertisementAdvertisementHatzius also said at the NYU forum that "we've seen a very substantial rebalancing of the labor market." "We have seen clear evidence that inflation is moving down to the Fed's target, or strongly in the direction of the Fed's target, without a substantial deterioration in the real economy," Hatzius said. "We're entering a period where consumers are returning to an environment where they're much more dependent on the path of the labor market, on the flow of income creation," Meyer said. Goldman Sachs predicted those events could stunt economic growth — and complicate the Fed's job in the months to come.
Persons: Jerome Powell, Powell, Jan Hatzius, Goldman Sachs, we've, Hatzius, Nick Bunker, it's, Bunker, Julia Pollak, Pollak, Michelle Meyer, Meyer Organizations: Service, Federal, Economic, North America, Bureau of Labor Statistics, NYU, Jackson, Mastercard, Politico, of Labor Statistics, Fed Locations: Wall, Silicon
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