Connect with us

Fashion

Chanel: Matthieu Blazy debuts with panache in Grand Palais

Published

on

Chanel: Matthieu Blazy debuts with panache in Grand Palais


Published



October 6, 2025

So, finally, the big one – fashion’s most anticipated debut at the richest fashion house in history – Matthieu Blazy’s opening show for Chanel, a bold, gutsy, ingenious, often beautiful and oddly risqué collection that was an undoubted hit.

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The omens felt right as soon as one entered the Grand Palais, where Blazy had built a truly magnificent set. Like the great planets in the solar system; giant fabric balls with interior illumination, the sun 15-meters in diameter. The catwalk a lacquered lunar landscape suggesting molten rock and lava. 
 
So epic was the staging, the 2,800 guests were encouraged to come an hour early to admire the space. The new universe of Chanel, before which the show began, unveiling a beguiling and intriguing collection.

Matthieu opened with suits, of course, but pants suits in gray flannel, in a quirky surprise, culled from pants that Coco borrowed from her great love, Boy Capel. Cut with mannish pants and officers’ mess jackets, they set the scene for a brave, often experimental display by Blazy.

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

He sent out dozens of Chanel suits or split suits. Many with a new wrap skirt made with pockets and cut at the knee and left frayed generally. Made in both classic and unexpected materials: lighter semi-sheer bouclé wool, airy plaids, windowpane checks or stiff denim, while the famed four-pocket jackets were all finished with filigrees of gold or contrasting trim.
 
Surprisingly, he showed multiple skirts slung so low, underwear peaked up two inches. It seems unlikely that many of the well-heeled VICs in the audience will actually wear that idea, but its chutzpah was very appealing.
 
Blazy played artfully with many codes, like conceptual double-sized camellia brooches or Coco’s love of pearls, though used in densely woven necklaces. And referenced Mademoiselle’s obsession with wheat by embroidering a golden sheaf into an organza top. 
 
Even the little black dress, which Coco is credited with inventing, got a smart makeover – either finished with golden strings or ruched radically with side knots.
 

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

For evening, Matthieu went into overdrive: dense fabric flowers and petals used in flamenco skirts, even if some of which flapped alarmingly. While the lacquered surface alarmed some models, with one taking a shoe off right in front of a movie star posse in the front row – Tilda Swinton, Pedro Almodovar, Penelope Cruz, chatting animatedly beside a silent Kendall Jenner.
 
All presented to a massive mash-up of music created jointly by Chanel’s long-time DJ Michel Gaubert and Belgian sound architect Le Motel. It included Isao Tomita’s electronic track “Venus, the Bringer of Peace”, The Corrs plaintiff hit “Runway” and spoken snippets from TV series “Dawson’s Creek”.
 
At the finale, the collection won Blazy a prolonged standing ovation, ignited when the Ethiopian-Canadian Awar Odhiang in the final look began clapping and beseeching the audience to rise.

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

 
“Chanel is about love. The birth of modernity in fashion comes from a love story. This is what I find most beautiful. It has no time or space; this is an idea of freedom. The freedom worn and won by Gabrielle Chanel,” said Blazy.
 
Ironically, in a set that imitated the vacuum of outer space, the collection felt like a huge blast of fresh air into the lungs of the house of Chanel.

All told, very much a home-run hit show and pathbreaking collection that will be highly influential. And, one has to say, the most successful of the 15 designer debuts at important fashion houses in this unique series of fashion week.
 
One needs to recall, that the Franco-Belgian designer was an under-the-radar candidate for the biggest creative job in fashion. But after garnering rave reviews consistently in a three-year tenure at Italian luxury label Bottega Veneta, he nabbed the position. It is a major step-up in size. From a mid-sized provincial Italian house to Chanel — the world’s largest luxury fashion label with annual sales of around $20 billion.

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Chanel’s uber-discreet family owners, Alain and Gérard Wertheimer, clearly would like another long low-term career for Blazy at the house.

He is only the fourth creative director in the brand’s storied history. Coco Chanel founded the brand in 1910 and led it until 1973 when she died in the Ritz; Karl Lagerfeld who ruled supreme from 1983 until his death in 2019. Virginie Viard – Karl’s key assistant, by contrast, only lasted five years until June 2024.
 
In an uber busy week, on the day of the show, the brand also announced two new ambassadors: Oscar winner Nicole Kidman and rising star Ayo Edebiri, the award-winning American actor, director, and screenwriter, known for her standout roles in hit series “The Bear”.
 
Kidman wore a white oversized shirt – Boy Capel-style – and duck-egg blue pants to the show, attending it with her daughters.
 

Chanel – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

“From the unforgettable Baz Luhrmann film to her countless red carpet looks, Nicole has always been part of the history of the house. Free and ever-changing, she is for me the embodiment of the Chanel woman,” said Blazy. 
 
Edebiri recently wore Blazy creations from Chanel at the Venice Film Festival and the New York Film Festival.
 
“Ayo is all strength, but at the same time, she is vulnerable enough to always put herself out there. She writes, she acts, she directs… Nothing can stop her,” insisted Blazy.
 
While tourists in Paris could not help noticing this week’s new giant billboard in front of the Paris Opera: a beautiful Chanel high jewelry necklace from its No. 5 collection.  
 
Suddenly, the Chanel dream seems very alive and well again.
 

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

Saks bonds worth just 1 cent hand hedge funds a painful lesson

Published

on

Saks bonds worth just 1 cent hand hedge funds a painful lesson


By

Bloomberg

Published



January 16, 2026

At first glance, Saks looked like exactly the kind of mess hedge funds love. Just months after the company borrowed $2.2 billion to finance its takeover of rival Neiman Marcus, the newly formed luxury retail powerhouse was already running short on cash. Creditors spooked by the pace of the slide rushed for the exits, offering the bonds for less than 40 cents on the dollar.

Saks bonds’ value dropped to just 1 cent – REUTERS/Angelina Katsanis

Bargain hunting hedge funds gleefully took the debt off their hands. This was, after all, a marquee name with valuable brands, prime real estate, big-name backers, and a business that executives said just needed a bit more time to steady itself. Firms including Pentwater Capital Management and Bracebridge Capital jumped in, chasing the promise of eye-popping returns.

Much is still to be determined in the wake of Saks’ bankruptcy this week, including any recovery for its creditors. Yet in the meantime, the episode is shaping up to be a painful lesson in the dangers of trying to catch a falling knife. The bonds that distressed-debt shops snapped up on the cheap are now being bid at less than 1 cent, according to broker runs. The hundreds of millions in extra financing they provided, which sits higher in the repayment pecking order, isn’t faring much better, changing hands around 10 cents.

Through Saks’ Chapter 11 filing, a clearer picture has emerged of a company that quickly veered off plan. Targets were missed, savings failed to materialise, cash drained at a rapid clip, and fixes meant to stop the bleeding never did. Bonds with roughly $486 million of face value held by Pentwater are now quoted at pennies on the dollar, as are about $257 million held by Bracebridge.

“This was a ticking time bomb, and the fuse was lit the day the merger was consummated,” said Mark Cohen, the former director of retail studies at Columbia Business School. “I’ve never seen anything go bad this fast; I don’t know that anyone has.”

A representative for Saks declined to comment beyond the company’s bankruptcy filing. Pentwater and Bracebridge declined to comment. Even after the staggering declines, Saks’ biggest creditors aren’t ready to throw in the towel.

In its bankruptcy filing, the company said it had secured roughly $1.75 billion in post-petition financing, including $1.5 billion from a group of senior secured bondholders betting a second act could yet salvage the retailer- and their own fortunes, possibly by converting battered debt positions into significant equity stakes. 

Some will also collect fees for helping arrange the financing. What’s more, the structure of the post-bankruptcy financing Saks has lined up could allow certain debtholders to realise better returns on the company’s outstanding bonds than where they’re currently trading, some investors suggested.

Pentwater and Bracebridge are among those putting up more money, according to people with knowledge of the matter.

Whether it’s enough to turn around a company that burned through more cash than it generated last year remains to be seen. Perennially late payments have “damaged trust” with Saks’ suppliers, the retailer said in bankruptcy documents, and while new management is working to repair those relationships, some vendors may decide to take their business elsewhere.

The company is also facing stiff objections from unsecured creditors, including Amazon.com Inc., that are seeking to block access to the new financing package. The tech giant, which previously acquired a $475 million preferred equity stake in the luxury retailer, recently called its investment in Saks “presumptively worthless.” Other equity holders including Rhone Capital and Insight Partners also suffered significant losses, separate people familiar with the situation said.

Representatives for Amazon and Insight Partners didn’t respond to requests for comment. Rhone Capital declined to comment.

Some investors who opted not to participate in the latest debtor-in-possession financing were concerned that the rescue could echo other recent misfires. They pointed to First Brands Group, the bankrupt auto-parts supplier whose lenders put up more than $1 billion post bankruptcy, only to watch their super-senior bonds crater in value as the company burned through the cash and signalled it would need even more money.

With rescue financing, “you get a lot of structuring fees, an above-market interest rate, liens on the best collateral, an equity cushion below you, with the added upside that you’re in control as the restructuring process plays out,” said Rishi Goel, the global head of distressed debt at Aegon Asset Management. 

“But it’s got to be structured correctly. The equity value below you has to be real,” Goel said. “If you’re misled, or the business is worth less than you thought or becomes worse than you thought, the value can dry up quickly.”

For now, Saks has said that stores under all its brands are open. A number of creditors say they are confident that new management, led by former Neiman Marcus Chief Executive Officer Geoffroy van Raemdonck, can steer the company through bankruptcy and, once it emerges, make its portfolio of luxury department stores profitable.

Not everyone is convinced. “The rationale for putting these two businesses together made no sense form the get go, and it’s hard to believe that these deep-pocketed masters of the universe fell for it,” Cohen said.



Source link

Continue Reading

Fashion

Represent names former Adidas Yeezy boss as its North America president

Published

on

Represent names former Adidas Yeezy boss as its North America president


Published



January 16, 2026

British luxury streetwear brand Represent has a new country president to lead its North American ambitions. Jim Anfuso, described as a veteran of the footwear and streetwear industry with “pivotal experience” managing the high-profile Adidas Yeezy business, has joined Represent’s executive leadership team.

Jim Anfuso, Represent’s new North America president

He’s tasked with accelerating Represent’s foothold in the US, “currently the brand’s fastest-growing market”. In his new role, Anfuso will oversee all countrywide operations, including retail expansion, wholesale partnerships, and the scaling of its performance line 247. 

The role will also leverage Anfuso’s “deep experience in the footwear sector to refine Represent’s footwear strategy, a category the brand has identified as a key growth pillar”.

Represent noted the appointment “comes at a critical inflection point”, following the opening of the brand’s West Hollywood flagship and the “rapid adoption” of the 247 label.

As the brand “shifts from a cult British label to a global powerhouse”, it said Anfuso “brings a rare dual expertise in high-heat product strategy and operational infrastructure, a skillset honed during his tenure managing one of the most significant footwear partnerships in history”.

CEO Paul Spencer added: “As we enter our next phase of global expansion, the US market represents our most significant opportunity.

“Jim’s track record speaks for itself. From the minute we met… we knew he would be a great cultural fit with the wider leadership team and with [co-founder] George [Heaton] working side by side in our LA. office. Jim’s ability to navigate complex operational landscapes while maintaining brand integrity is exactly what Represent needs right now.”

George Heaton also said: “We have built Represent on ‘Relentless Effort’, and to crack the US market, we needed a leader who understands both the culture of streetwear and the mechanics of a billion-dollar operation. Jim shares our obsession with product and precision. This is a critical piece of the puzzle for the US business”

Anfuso said of his appointment: “Represent has achieved something rare: a hyper-loyal community that spans luxury, streetwear, and performance. My focus is now on operationalising that energy for the US market building the infrastructure, the team, and the strategy to take us from a ‘cult favourite’ to a dominant market leader.

“We are going to execute with the same level of precision and ambition that defined my previous work in this space.”

Copyright © 2026 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

H&M India unveils official Lollapalooza India 2026 collection

Published

on

H&M India unveils official Lollapalooza India 2026 collection



H&M India announces the launch of its official merchandise collection for Lollapalooza India 2026. Marking the brand’s second year as a festival sponsor, the limited-edition drop channels the spirit of live music through bold graphics, vibrant colour palettes, and relaxed silhouettes designed for festival wear.

The collection features distinct women’s and men’s capsules designed for movement, comfort and self-expression.

H&M India has launched its official Lollapalooza India 2026 merchandise collection, marking its second year as festival sponsor.
The limited-edition drop features bold graphics, vibrant colours and relaxed silhouettes.
With separate women’s and men’s capsules, the range includes graphic tees, caps and tote bags designed for comfort, movement and self-expression from day to night performances.

“Lollapalooza India is a strong cultural moment, and a natural space for H&M to connect with a younger generation. Fashion today is about self-expression and confidence, and through this collaboration we reinforce our commitment to creating accessible, culturally relevant fashion that empowers individuality,” said Helena Kuylenstierna, Director, H&M India.

The range features graphic merchandise tees for both women and men, along with festival essentials such as caps and tote bags. Each piece is designed to move seamlessly from day sets to night performances.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



Source link

Continue Reading

Trending