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Milan unveils multifaceted vision of womanhood at Sportmax, Blumarine and Institution

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Milan unveils multifaceted vision of womanhood at Sportmax, Blumarine and Institution


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September 26, 2025

On Friday, the fourth day of the womenswear ready-to-wear shows, Milan’s fashion scene showcased the breadth of its creativity with a packed programme in which a host of houses came to the fore, from established names and young labels to emerging talents, expressing a thousand and one facets of femininity. From Sportmax’s minimalist, chic woman to Blumarine’s romantic dark lady, via the sculptural matryoshka of Institution by Galib Gassanoff, spring/summer 2026 promises to be exciting.

Sportmax, spring-summer 2026 – ©Launchmetrics/spotlight

Sportmax opened proceedings early in the morning with a beautiful collection that struck the perfect balance between raw minimalism and a diffuse sense of softness. Most looks were monochrome, beginning with an ultra-light palette of powdery, nude and cream tones that caught the light, and moving through to head-to-toe black. Silhouettes were elongated, sometimes to excess, as with faded baggy jeans so long they coil around the ankles.

Highly structured trench coats, sleeveless maxi coats, double jackets and leather blousons are cut with precise lines in crisp wools, gabardines and supple leathers, falling straight down the body.

Yet the overall impression was one of lightness — of floating, even — heightened by the introduction of airy, sheer fabrics, such as satin silk that ripples through long, fluid dresses, or organza used to make T-shirts and trousers, to stand in for jacket panels to lighten them, or as fine layers superimposed on certain looks.

To emphasise movement, garments were often layered one over another or deconstructed, as in these long leather trench coats whose upper part detaches into a Perfecto-bolero, reminiscent of the shoulder capes of yesteryear under which one can slip the arms with complete freedom. A multitude of gilt bells worn as earrings, bracelets or necklaces also set the rhythm with a heady chime.

Blumarine, spring-summer 2026 – ©Launchmetrics/spotlight

The Blumarine woman also revealed her dual personality, by turns romantic and dark, through a wardrobe full of contrasts — between flou and tailoring, soft and deep hues.

“I wanted to explore the idea of a Gothic romanticism transported into spring. Fragility and freedom clash with strength and power. It’s up to the audience to decide which of these two attitudes will prevail,” said creative director David Koma backstage, adding that in the end, “it’s the soft side that stands out more, supported by structure.”

The fluctuating aspect of the outfits and the play of transparencies tipped the balance towards a hyper-feminine, sensual aesthetic. Twirling ribbons and cascades of chiffon ruffles compose vaporous blouses, dresses and capes. Airy silks and chiffons were layered, sometimes gathered, smocked or fringed. Black lace and guipure steered everything towards a slightly sultry boudoir world. Large crosses in sparkling stones, worn as earrings or layered as multiple pendants, underscored this subversive streak.

The designer also called on the butterfly, the Italian house’s emblematic motif. With their colourful wings, a multitude alight as embroidery on a cardigan or on a sheer, flesh-toned dress. Elsewhere, a butterfly encircled the bust on a white lace bra-top. Sometimes it morphed into a dragonfly and — on closer inspection — even a spider.

The duality of the Blumarine woman was very much in evidence. The pagoda sleeves of the sinuous frock coats and peignoirs with long trains that dress her for evening were reminiscent of butterfly wings as they are of bat wings.

Institution by Galib Gassanoff, spring-summer 2026 – ©Launchmetrics/spotlight

With his new brand Institution, Azeri-born Georgian Galib Gassanoff offered one of the most compelling propositions on the Milanese scene. This has not escaped the very select Milanese boutique Antonia, which is dedicating its windows to him this week. After a well-received debut collection in February, the designer pursued his project with coherence, offering more commercial pieces this season, which he will show next week in Paris at the Maison Pyramide showroom.

For next summer, Gassanoff continues to draw on the ancestral know-how of Azerbaijan, in particular the braiding technique used to make woven or knotted carpets. He reprised this process, replacing wool threads with reclaimed shoelaces to create sculptural dresses and tops. He also introduced reedmace (Typha latifolia), which grows in marshes and is woven by women in the south of the country. Working with these communities, he had them braid a series of majestic, swirling gowns and a poncho.

Another inspiration is the “chepken”, a traditional coat with oversleeves. The designer transformed this piece into a tailored jacket, nipped in and rounded at the sides. The curved shape recalls Christian Dior’s famous Bar suit, but here the construction was modernised. Two long panels of fabric fall from the shoulders like stoles, under which the arms can slip. In another version, the jacket was slit at the sides and these two false sleeves fold over the front, tied around the chest, transforming it into an elegant top.

A host of other ingenious ideas also proved alluring. Like a top whose front was covered with white wooden buttons from the archives of historic button-maker Ascoli Bottoni; smock-like organza overlays, puffed out at belly height, that encased the silhouette in different colours; or large apron-like leather plastrons, fashioned from long shoelace straps or various braids, worn hanging from the neck.

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Bangladesh net FDI inflows up 39.36% in 2025

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Bangladesh net FDI inflows up 39.36% in 2025



Bangladesh’s net foreign direct investment (FDI) inflows increased by 39.36 per cent last year to $1,770.42 million compared with $1,270.39 million in 2024, according to the Bangladesh Bank’s latest FDI survey.

The increase was driven primarily by higher reinvested earnings and intra-company loans, indicating continued engagement by existing investors with Bangladesh.

Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans increased by 25.68 per cent, from $621.96 million to $781.68 million.

Bangladesh’s net FDI inflows increased by 39.36 per cent last year to $1,770.42 million compared with $1,270.39 million in 2024, the Bangladesh Bank said.
The increase was driven primarily by higher reinvested earnings and intra-company loans.
Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans rose by 25.68 per cent.

Equity capital remained broadly stable, rising by 1.84 per cent, from $544.64 million to $554.64 million in 2025, a release from Bangladesh Investment Development Authority said.

Greenfield project announcements declined by 16 per cent in 2025.

Fibre2Fashion News Desk (DS)



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India’s Pearl Global’s FY26 revenue crosses $521 mn milestone

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India’s Pearl Global’s FY26 revenue crosses 1 mn milestone



Indian garment exporter Pearl Global Industries Limited (PGIL) has reported its highest-ever annual revenue of ₹5,025 crore (~$523.93 million) for fiscal 2026 (FY26) ended March 31, up 11.5 per cent year-on-year (YoY), driven by volume growth and higher value-added products in its overseas business.

The company’s adjusted EBITDA, excluding Employee Stock Option Plan (ESOP) expenses, rose around 14 per cent YoY to ₹468 crore, while EBITDA margin improved by 20 basis points to around 9.3 per cent. Excluding the reciprocal tariff impact of around ₹36 crore and incremental losses of around ₹13 crore in Bihar and Guatemala, adjusted EBITDA margin stood at around 10.3 per cent.

Pallab Banerjee, managing director, Pearl Global Industries, said: “FY26 marked the company’s second consecutive year of double-digit growth and improved profitability. This performance further solidifies the position of Pearl Global’s diversified operating model and disciplined execution across geographies.”

Pearl Global Industries has reported its highest-ever FY26 revenue of ₹5,025 crore (~$523.93 million), up 11.5 per cent YoY, driven by volume growth and value-added products.
PAT rose 17 per cent to ₹270 crore (~$28.15 million), while Q4 revenue hit ₹1,314 crore (~$137 million).
The company shipped 78.1 million pieces.
Its net worth stands at ₹1,438 crore (~$149.93 million).

He said that geopolitical shifts and Gulf conflicts could lead to energy cost escalation, affecting raw material and logistics costs. However, the company remains prepared to manage these headwinds, supported by its diversified manufacturing base, strong order book, and broad market presence.

The profit after tax (PAT) increased 17 per cent YoY to ₹270 crore (~$28.15 million), the company said in a press release.

On a standalone basis, FY26 revenue stood at ₹1,081 crore, while adjusted EBITDA was ₹67 crore, with EBITDA margin improving by 60 basis points to 6.2 per cent, mainly due to cost restructuring. Standalone PAT rose to ₹69 crore from ₹55 crore in the previous year.

The company’s net worth stood at ₹1,438 crore (~$149.93 million) as of March 31, 2026, compared with ₹1,146 crore a year earlier.

“In FY26, Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved, among others, two major milestones this year: revenue crossed INR 5,000 crore mark and installed capacity surpassed 100 million pieces per annum,” said Pulkit Seth, vice-chairman and non-executive director, PGIL.

Seth added that the global apparel industry faced tariff-related disruptions during FY26, with the company’s India operations impacted by tariffs and penal duties imposed by the US. However, he added that Pearl Global leveraged its diversified, multi-country manufacturing presence to mitigate these challenges and deliver double-digit growth.

For the fourth quarter (Q4) of FY26, PGIL posted its highest-ever quarterly revenue of ₹1,314 crore (~$137 million), up 6.9 per cent YoY. Adjusted EBITDA rose 13.7 per cent to ₹135 crore, with margin at 10.3 per cent, the highest EBITDA margin recorded by the company in any quarter. PAT for the quarter stood at ₹81 crore, up 24.6 per cent YoY, PGIL said in a press release.

Standalone revenue during the quarter stood at ₹304 crore, adjusted EBITDA at ₹24 crore, and PAT at ₹14 crore.

PGIL shipped its highest-ever volumes in Q4 FY26 and FY26, at 22 million pieces and 78.1 million pieces respectively. Its annual installed capacity crossed 100 million pieces, reaching around 101 million pieces.

The ongoing capex in Bangladesh is expected to be completed by the first half of FY27 and will add around 6-7 million pieces of capacity during the year.

Fibre2Fashion News Desk (SG)



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Polyester yarn prices ease as PTA weakens on limited demand

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Polyester yarn prices ease as PTA weakens on limited demand



PTA prices recorded notable declines across key Asian benchmarks, tracking crude oil weakness rooted in evolving geopolitical signals. The correction was broad-based, spanning China, Southeast Asia, and South Korea, while India**;s CIF price held steady reflecting the lag in import contract structures and limited spot availability in the domestic market on the day.

The *** per cent Polyester Yarn market witnessed a slightly negative trend during the assessed period, with mild price corrections observed across both yarn grades in the Asia Free on Board (FOB) China market. Prices for **s (*** per cent polyester yarn) declined from around $*.***/kg to nearly $*.***/kg, registering a decrease of approximately *.** per cent.



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