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A distinctly eclectic Paris Fashion Week featuring Leonard, Giambattista Valli, and Vetements

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A distinctly eclectic Paris Fashion Week featuring Leonard, Giambattista Valli, and Vetements


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October 4, 2025

Paris Fashion Week entered its fifth day with an especially intense programme. In particular, the womenswear ready-to-wear shows for Spring/Summer 2026 revealed designers’ pursuit of freshness and lightness. Leonard Paris and Giambattista Valli were prime examples. Vetements, for its part, opted for provocation.

Leonard Paris, Spring-Summer 2026 – ©Launchmetrics/spotlight

Leonard Paris jetted off to California, channelling Hollywood and Beverly Hills, for a festive summer that promises to be scorching. The wardrobe conceived by German designer Georg Lux leaned into evening and cocktail dressing, with fluid minidresses and long, diaphanous gowns cut from airy silks. The pieces floated, at times seeming suspended, rippling with each step in a whisper of intangible fabrics.

“I was inspired this season by muses such as Faye Dunaway and Jerry Hall, but also by the drawings of Puerto Rican fashion illustrator Antonio Lopez,” confided the creative director backstage, who welcomed guests to the elegant private mansion in the 16th arrondissement, where the house has been based since 2018. Clearly, his collection looked as much to the seventies jet set as to Hollywood’s golden age, with draped, diva-worthy, sequinned gowns.

More than ever, prints took centre stage, from Californian palms lifted from the house’s 1980s archives to the Art Deco floral theme developed by Leonard during the 1970s, along with a new red-and-orange poppy motif found on cotton-poplin dresses, but also painted onto a jacket and a transparent recycled-plastic bag, or worked into enamelled metal earrings. And flowers of every shape and in every shade ran through this richly varied collection.

Next summer’s wardrobe is all about volume, with draping, generous balloon sleeves, puffed silhouettes and flared dresses. A few “cricket club”-style striped looks and masculine blazers and suits provide contrast, though they remained thoroughly glamorous, crafted in greige twill embroidered with gold sequins and rhinestones.

Giambattista Valli, Spring-Summer 2026 – ©Launchmetrics/spotlight

Giambattista Valli welcomed guests into the salons of his house, a stone’s throw from the Opéra on Boulevard des Capucines. Baskets brimming with fruit and wildflowers lined the catwalk. The tone was set, as the Italian couturier celebrated nature in all its splendour, infusing his collection with an ingenuous candour.

With their colourful headscarves, blouses and ample petticoats or culottes, or their white lace apron dresses, the models evoked peasant women returning from the fields, or shepherdesses from old tales in search of Prince Charming. Some outfits were strewn with bucolic motifs: flowers, bouquets, fruit, clovers and butterflies.

Natural materials such as linen and cotton dominated, bringing a touch of authentic simplicity to the whole via little dresses, jackets and shorts suits decorated with hand-painted flowers in the manner of Dutch masters such as Vermeer, whose still lifes inspired Giambattista Valli this season.

Ruffles multiplied like petals in delicate dresses with billowing, airy volumes. They come in the colours of summer fruits: peach, raspberry, lemon, cherry, strawberry and plum. Lightness prevailed with shot taffeta and, above all, organza—whether embroidered cotton organza, ruched silk organza or crinkled iterations.

Vetements, Spring-Summer 2026 – ©Launchmetrics/spotlight

After taking over a McDonald’s on the Champs-Elysées in June 2019, Vetements returned to show on the world’s most beautiful avenue, this time taking over a concrete basement formerly occupied by an Adidas store. In the dim light, a silhouette descended the stairs to cross what looked like a squalid garage, its ceiling interlaced with neon tubes. Face masked by a nylon stocking, the first model appeared in leather trousers and boots, wearing a white T-shirt with a swastika crossed out by a prohibition sign.

For its return to the catwalks after sitting out last season, the brand is looking to make an impact. But its message was, to say the least, muddled. After this opening manifesto look, what followed was a sexist show in which all the women who stepped onto the catwalk were systematically undressed at the back, while the men were not subjected to the same treatment—save for one model whose jeans turned into transparent plastic at the rear, revealing a very chaste pair of white boxer shorts.

Fashion has often explored front/back construction in clothing, but here the experimentation left observers unconvinced. Whether in slip dresses or a tight skirt with a T-shirt, a suit, a printed dress, a severe straight grey skirt, or even a candy-pink ballgown, seen from behind the women were reduced to mere sex bombs, buttocks and legs on full display, covered only in couture tights and sometimes tight shorts or thigh-high boots.

At the back, in fact, garments morphed into high-cut bodysuits, while long dresses were shortened and skirts were either merely tacked at the front without being properly worn, or systematically unbuttoned at the back. Even the classic tweed suit was subverted, the skirt replaced by a pair of tweed briefs—also, of course, high-cut. Elsewhere, trench coats and overcoats open at the back or are stripped of fabric, revealing the lining, as with certain jackets worn by the men.

Two looks, strapped with an enormous cushion—airbag-style—fixed to the front at pelvis level, prompted questions. At the end of the show, coup de théâtre. A final model, dressed in an elegant black crinoline gown entirely open at the back, crossed the catwalk in tears, seeming to buckle under the pain. What was the message here? That this was, in fact, a denunciation of women as objects and of their hypersexualised image? Of the excesses of social media?

By trying too hard to conceptualise, Guram Gvasalia, who took over as the brand’s creative director in 2021 (he succeeded his brother Demna, who left for Balenciaga and is now at the helm of Gucci), risks losing his way.

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The sneaker boom had a long run. Now some analysts say it’s over

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The sneaker boom had a long run. Now some analysts say it’s over


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Bloomberg

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January 11, 2026

For nearly two decades, sports brands benefited as people swapped out dress shoes for sneakers when heading everywhere from the airport to fancy restaurants and even the office.

Nike

That’s been a boon for Adidas AG, Nike Inc. and Puma SE, which capitalized on consumers’ changing tastes by serving up snazzy, comfy kicks that people wanted to wear on and off the playing field. The rising demand for sports shoes also underpinned the rapid growth of challengers like Hoka and On Holding AG, which emerged in the wake of the financial crisis and quickly became popular brands.

Now the future of that longstanding sneaker boom is being called into question, most notably by Bank of America analysts led by Thierry Cota. They rocked the footwear world last week with a 61-page analysis concluding that the growth prospects for these sports brands are rapidly dimming.

They argue that the sporting goods sector had enjoyed a 20-year “upcycle” that lifted sneakers from less than a quarter of world footwear sales to at least a half — a trend that culminated during the Covid pandemic, when millions of people were suddenly working from home. “With this structural shift largely complete, prospects for future revenue growth are now significantly reduced,” the analysts said.

They accompanied that view with a rare “double downgrade” of Adidas, abandoning their “buy” rating and declaring the stock one of the least attractive in the industry. 

Their contention that the sneaker boom has passed its peak prompted a backlash from skeptics who say the casual footwear trend has room to run. Longtime industry analyst Matt Powell, an adviser at consulting firm Spurwink River, conveyed that sentiment on LinkedIn, where he posted a Barron’s article about the research and commented: “C’mon, man! No evidence of this.”

Adidas shares plunged as much as 7.6% in response to the downgrade on Tuesday, before recovering part of those losses by the end of the week.

Sneakers now make up about 60% of footwear sales in the US, according to Beth Goldstein, an analyst at Circana in New York. Sport shoes have won over the population as part of a wider societal push toward comfort, health and wellness, priorities that probably aren’t going to disappear anytime soon, she said. The US sneaker category grew 4% last year through November, while the fashion category dropped 3%, she added.

“The sneaker business is larger than ever,” she said. “I wouldn’t even call casualization a trend — it’s just a key consumer preference.”

Yet the sneaker makers have run into headwinds since the pandemic as they sometimes failed to keep up with shoppers’ fickle tastes, saw sales cool particularly in China, and faced the threat of US tariffs. Shares of Adidas are down by almost a third in the past year, and even On Holding’s stock is down by more than 10% in the period, despite strong revenue growth.

“We don’t believe the casualization trend is over — rather, it has stabilized, with wardrobes now more balanced,” said Poonam Goyal, an analyst at Bloomberg Intelligence.

“The category has moved beyond the pandemic-driven demand spike and is now operating in a more normalized environment.”

There are signs that sneakers are bleeding into the dress shoe category. In 2025, the top-traded loafer on Stockx, an online resale platform, was the New Balance 1906L, which looks like the offspring of a preppy boat shoe and a marathon trainer. It’s also common these days to see movie stars and fashion influencers donning spiffed-up, expensive versions of trainers, often in collaboration with luxury brands like Gucci and Moncler.

The analysts at Bank of America didn’t suggest that people are going to ditch their sneakers for patent leather oxfords anytime soon. Rather, they indicated that sporting goods — after booming during the pandemic — have since mid-2023 been growing at a slower-than-average pace compared with the past couple of decades.

While that typically could mean the industry is poised to take off again, no big rebound is apparent, the analysts argued. They cited data ranging from recent credit card purchases to sluggish sales figures from Asian footwear and apparel suppliers to less-than-bullish commentary from industry leaders regarding the outlook for 2026.

If the sporting goods industry grew by an average of about 9% a year since 2007, as millions of people traded in dress shoes for sneakers, the future annual expansion may only be about 4% or 5%, they suggested.

Their optimistic take is that the industry is in a prolonged slump because of consumers fearing economic conditions and recent stumbles at Nike. That could mean that the sneaker boom still has legs and will resurge as early as 2027. 

“The alternative is much worse and more likely, in our view,” the Bank of America analysts added. “The emergence of a new, less favorable long-term industry paradigm.”
 



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As natural resources dwindle, luxury fashion must pursue sustainability says Square Management study

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As natural resources dwindle, luxury fashion must pursue sustainability says Square Management study


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January 11, 2026

Long defined by rarity, artisanal excellence, and desirability, the luxury sector now faces an unprecedented equation: how can it continue to create value without further increasing pressure on natural and social resources? This is the question addressed by the report “Business models for sustainable luxury,” published by the consultancy Square Management, which offers an in-depth analysis of the transformation of luxury business models through the lens of planetary boundaries.

Repair is one of the pillars of sustainable fashion – Shutterstock

The study’s first finding is that luxury occupies a strategic position in the ecological transition. With global sales of 364 billion euros in 2024 and considerable symbolic weight, it wields significant influence across the creative industries as a whole. Yet this influence plays out against a backdrop of multiple pressures: the growing scarcity of raw materials (gold, leather, cashmere); tighter regulation (the CSRD directive, the AGEC law, the Green Deal); the increasing integration of ESG criteria into financial valuation; evolving consumer expectations; and shifting cultural norms around consumption.

A strategy to be implemented globally

In the face of these shifts, the study shows that marginal adjustments are no longer enough and urges the luxury sector to undertake a profound transformation of its business models. To frame this reconfiguration, the report draws on the circular economy’s “9Rs” framework, which ranks sustainability strategies from the least to the most transformative, from recycling to calling into question overproduction.

The study highlights a wide variety of models already in play. The least ambitious strategies focus on waste-to-energy (Recover) or the recycling of raw materials (Recycle), with examples including Guerlain‘s refillable bottles and Prada‘s Re-Nylon line. More structurally significant are upcycling approaches (Repurpose, Remanufacture, Refurbish), which turn unsold items and dormant stock into creations with high symbolic value: Balenciaga, Jean Paul Gaultier, Coach, and Jeanne Friot exemplify this blend of circularity, creativity, and storytelling.

Reducing production and buying less: two key ideas for sustainability

Repair is a crucial lever. By extending product lifespans, it avoids the most emissions-intensive stages of the life cycle. Maisons such as Hermès, Chanel, and Cartier have made it a pillar of their client relationships, while platforms such as Tilli are helping to structure this practice at scale. Re-use and rental are also fast-growing markets, driven by younger generations: 65% of luxury consumers say they are interested in buying second-hand, according to the “True-Luxury Global Consumer Insights” report (BCG-Altagamma, 2023), a figure that is rising steadily.

When it comes to sustainability, the luxury industry must embrace its leadership role by fundamentally transforming the way it operates.
When it comes to sustainability, the luxury industry must embrace its leadership role by fundamentally transforming the way it operates. – Shutterstock

The most transformative models are those aimed at reducing production itself, namely Reduce, Refuse (superfluous purchases), and Rethink. On-demand manufacturing, pre-orders or limited production, as practised by Gabriela Hearst or MaisonCléo, help limit unsold stock while reinforcing exclusivity. Some houses go further still, committing to regenerative models: Kering invests in regenerative agriculture, while Chloé embeds social and environmental impact at the heart of every product as a mission-driven company. However, the report emphasises that these transformations face major obstacles.

The limits of the “do less harm” philosophy

Internally, many obstacles are cited to the introduction of circular models: complex logistics, high costs, cognitive resistance, and a cultural attachment to ownership. To overcome these, the study’s authors identify several key factors, including enhanced traceability (notably via blockchain), co-opetition between players to pool costs and, above all, the ability to reframe sustainable luxury symbolically, not as a renunciation, but as a new form of prestige.

The study also highlights a strategic shift: luxury can no longer settle for “doing less harm.” It is now expected to create positive, measurable, and shared value that is compatible with planetary boundaries. A transformation that profoundly redefines the very notion of desirability.

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Bangladesh garment exports fall in Nov 2025, up slightly in July-Nov

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Bangladesh garment exports fall in Nov 2025, up slightly in July-Nov



Woven garment exports slightly outpaced knitted garment exports in terms of growth. Knitwear exports (Chapter **) declined by * per cent to $*.*** billion, compared with $*.*** billion in the same period of fiscal ******. In contrast, woven apparel exports (Chapter **) rose by *.** per cent to $*.*** billion, up from $*.*** billion during July–November ****, EPB data showed.

Home textile exports (Chapter **, excluding ******) also expanded, increasing by *.** per cent to $***.** million from $***.** million in the same period of the previous fiscal. Taken together, exports of woven and knitted apparel, clothing accessories, and home textiles accounted for **.** per cent of Bangladesh’s total exports, which stood at $**.*** billion during the period. Growth in home textiles was supported by firmer demand for niche value-added products, along with Bangladesh’s competitive pricing amid rising production costs in rival sourcing countries.



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