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ADB cuts Cambodia’s growth outlook to 4.9% in 2025, 5% in 2026

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ADB cuts Cambodia’s growth outlook to 4.9% in 2025, 5% in 2026



The Asian Development Bank (ADB) has revised its growth forecast for Cambodia from 6.1 per cent to 4.9 per cent for 2025 and from 6.2 per cent to 5 per cent for 2026, reflecting economic challenges related to geopolitical tensions with Thailand and uncertainty surrounding the United States (US) export market.

Nevertheless, solid growth is expected through 2026, driven by continued strength in the industrial sector and steady inflows of foreign direct investment, ADB said in a press release.

“The economy has shown resilience in the first half of 2025,” said Jyotsana Varma ADB country director for Cambodia. “Lower-than-expected food price increases and declining fuel costs helped ease inflation, while industrial activity remained robust. Looking ahead, there is scope for continued recovery in the construction and tourism sectors, alongside steady growth in agriculture, which together point to a more balanced and sustainable expansion.”

The Asian Development Bank has lowered Cambodia’s growth forecast to 4.9 per cent for 2025 and 5 per cent for 2026, citing geopolitical tensions with Thailand and US trade uncertainty.
Growth remains driven by industry and foreign investment.
Garment exports rose 22.2 per cent in early 2025 as US buyers stocked up ahead of possible tariff hikes.
Inflation dropped to 1.6 per cent in June.

Year-over-year (YoY) inflation for Cambodia declined sharply from 6 per cent in January to 1.6 per cent in June, according to ADB’s flagship economic report titled, ‘Asian Development Outlook (ADO) September 2025’. Inflation is expected to average around 2 per cent in 2025 and 2026.

Industry continues to be the main growth engine. Garment exports surged 22.2 per cent YoY in the first half of 2025, partly due to US buyers stocking up in anticipation of higher tariffs on Cambodian imports. Despite cautious sentiment among importers stemming from trade policy uncertainty, the garment and non-garment manufacturing sectors are expected to remain strong, supported by a relatively favourable 19 per cent US tariff rate.

Fibre2Fashion News Desk (SG)



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New Balance, Umbro, Puma, Nike and Autry: Five cutting-edge trainer collaborations

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New Balance, Umbro, Puma, Nike and Autry: Five cutting-edge trainer collaborations


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October 3, 2025

Autumn is here, and with it a slew of sneaker collaborations: sportswear brands are teaming up with ready-to-wear labels, from one-offs to capsule collections, spanning minimalism, nostalgia and sporting references. These drops underscore the sneaker’s versatility — and its ability to reinvent itself.

Nike X Jacquemus

Nike and Jacquemus have unveiled a new take on the Moon Shoe, originally handcrafted by Bill Bowerman in 1972.

Nike and Jacquemus continue their collaborative dance with the Moon Shoe – Nike

True to the original and its waffle sole, this version features a ruched nylon upper, a leather Swoosh and an outsole that together lend it a streamlined profile, inspired by modern ballet and athletic performance. Offered in pale yellow, black and red, it marks the fourth collaboration between Nike and the southern French label. Launching at the Jacquemus flagship on Rue Montaigne, the pair will be available for €180 in selected Nike boutiques from October 6.

UmbroXRains

The Rains × Umbro sneaker forms part of the first collaboration between the two brands, the Apply Pressure collection.

Rains and Umbro unveil their first joint capsule, Apply Pressure
Rains and Umbro unveil their first joint capsule, Apply Pressure – Umbro

It revisits the Fusion model with a pared-back aesthetic, a low profile and exposed seams inspired by football shirts, smooth surfaces contrasted with more pronounced textures, and a graphic interplay between the Rains and Umbro logos. The pair comes in solid black or black with off-white accents, priced at €129.

New Balance X Ganni

From the outset, the Ganni × New Balance 1906L stands out, striking a balance between the energy of a running shoe and the elegance of a moccasin.

New Balance unveils a new moccasin-style pair in partnership with Ganni
New Balance unveils a new moccasin-style pair in partnership with Ganni – New Balance

The silhouette sits on a rubber sole set off by the Danish brand’s signature serpent motif. At the front of the shoe, the loafer-style strap detail is reimagined with a metal Ganni butterfly alongside the New Balance logo. Presented during Paris Fashion Week, the pair retails at €190.

Puma X Louis Gabriel Nouchi

Puma and LGN embrace minimalism with the Mostro Sock, a contemporary reinterpretation of the Mostro.

LGN and Puma embrace the minimalist stance of their collaboration
LGN and Puma embrace the minimalist stance of their collaboration – LGN

The design swaps the strap for an ankle-high sock, while retaining the original’s lugged, textured sole. Offered in black and khaki, the pair combines a breathable textile upper with a functional heel pull tab. Inspired by the codes of running and football, it also features a laceless slip-on system. The pair is priced at €170 for the high-top and €150 for the low-top.

AutryXKitsuné

The Autry × Maison Kitsuné Medalist sneaker (€220) revisits an iconic 1980s model with a Franco-American twist.

Kitsuné and Autry bridge the Old and New Worlds across the Atlantic
Kitsuné and Autry bridge the Old and New Worlds across the Atlantic – Autry

This silhouette retains its clean, athletic lines while adding a Parisian touch, in two colourways: navy and red. Retro tones, sport-inspired details and a co-branded varsity logo featuring the Kitsuné fox reinforce its vintage, collectable spirit.

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Paris Fashion Week Thursday: Mugler, Rick Owens, and Schiaparelli

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Paris Fashion Week Thursday: Mugler, Rick Owens, and Schiaparelli


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October 2, 2025

​Paris enjoyed yet another debut Thursday: Miguel Castro Freitas’ respectful couture interpretation of Mugler, along with two radically different visions of glamour by fellow Americans – Daniel Roseberry of Texas and Rick Owens of California.
 

Mugler: Reeking of glamour in La République

Thursday’s big debut was by Miguel Castro Freitas at Mugler, who invited guests down into an underground parking garage near La République. But if the location was gloomy, the show reeked of glamor.

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

Miguel joined Mugler with an impressive CV, and there were dollops of his various stints with many major houses and designers – fantasy cocktails with echoes of John Galliano, and strict tailoring from his days at Raf SimonsDior.
 
Though, above all, this was a couture-worthy interpretation of Mugler, that harked back to the early ’90s when Thierry exploded into haute couture after his beginnings as a ready-to-wear creator. And to a decade later, when Mugler staged truly revolutionary aviary collections.

Miguel’s most beautiful looks riffed on that – two birds of paradise, beguilingly constructed feathered jackets and skirts, showing a designer very much in charge of his atelier. Made in collaboration with Maison Février, a particular genius French feather resource located above the Moulin Rouge.

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

Miguel’s skilful draping of second-skin leathers in ruched cocktails and gowns completed with leather flowers was boldly dramatic. As was the way he constructed moulded shoulders and necklines that sat off the torso, while his silicon suits with exaggerated hips were excellent.
 
At times, there was so much beige one could not help recalling he once worked for the Max Mara group. Albeit, leavened by a soupçon of lingerie and transparency to keep things racy, and a series of curtain dresses leaving multiple nipples exposed.
 
Castro Freitas joined Mugler in March, succeeding Casey Cadwallader, and his grander style eschewed the obsession with S&M that characterized his predecessor’s reign.

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

The house of Mugler is today controlled by beauty giant L’Oréal, and like most houses run by perfume corporations, the business direction is to emphasize red carpet, influencer and editorial coverage, and not to build a substantial ready-to-wear business.
 
In that sense, Castro Freitas’ collection seems very suitable. It had drama, polish and pizzazz. And a good front row with Naomi Watts, Eva Herzigová and Pamela Anderson, sporting a redhead look.
 
Rick Owens: Temple on a fountain 
Rick Owens shows are more like works of performance art than mere displays of clothes. His latest spectacle on a cloudy Thursday afternoon turned out to be an epic event.

Rick Owens – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Returning to his preferred locale – the mammoth fountain of the Palais de Tokyo. And marching his gaunt and glam cast marching down a massive metal stairway right into the water. Dry ice drifting about, scores of speakers booming out Basstrologe’s dramatic remix of “Somebody to Love”, a pen to loyalty in romance. Starring the magnificent vocals of Grace Slick, the Acid Queen and greatest singer from the psychedelic era in California, Rick’s home state.
 
The show took place just meters away from “Temple of Love”, the bravura exhibition of Owens’ work currently being staged inside the Musée Galliera. Like his menswear show in June, which kicked off the retrospective, this collection was entitled “Temple”. 

Rick Owens – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

“This exhibition tracks the pursuit of glamour and sleaze that I was looking for on Hollywood boulevard, and eventually, improbably, ended up displaying in a Paris Museum. I have always thought of what I do as a fascination with the denseness of European aesthetic sophistication seen through a filter of American bluntness,” opined Rick in his program note.
 
In this very bold collection, the sophistication came in the out-there draping; surreally hung frocks; power-shoulder technical organza dresses; and the remarkable fabrics. Recycled nylon tulle embroidered with sequins; or veg-tanned heavyweight leathers crafted by London designer, Straytukay.

Rick Owens – Spring-Summer2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The bluntness in the slashed and fringed oversized leather pants worn with the house’s signature Perspex heeled jackboots ideal for walking in water and for stomping around to Grace Slick’s greatest anthem.
 

Schiaparelli: Dancing in the Dark

Daniel Roseberry entitled this spring/Summer 2026 collection “Dancer in The Dark” and it was very much his raciest, after-hours selection of clothes.

Schiaparelli Spring/Summer 2026 collection in Paris
Schiaparelli Spring/Summer 2026 collection in Paris – Courtesy

 
There is a new refined sexiness present on European runways, and Roseberry’s latest ideas seem very much of the now.
 
His tailoring was strict, suggesting a domineering female, authoritative and powerful. Snug, neat mess jackets and pencil skirts, exposing midriff – a current rage. Leather second-skin cocktails were embossed around the bosom, others were perforated showing lots of flesh.
 
Several of Daniel’s models seemed to get entangled in a series of crushed satin looks that didn’t really work, before he got back on track with some beautiful white transparent jersey looks, that founder Elsa would surely have loved.

Schiaparelli Spring/Summer 2026 collection in Paris
Schiaparelli Spring/Summer 2026 collection in Paris – Courtesy

Quoting Yves Saint Laurent, who called Schiap’, “a comet illuminating the Paris skyline, determined to dominate.” Roseberry clearly wants his clients to do the same thing. 
 
All the way to the hyper-sheer polkadot chiffon jumpsuit in which Kendall Jenner prowled around the after-midnight set. Build inside the top floor of the currently under restoration Pompidou Center, the black carpet twisting, illuminated by theatrical floor lighting – giving the proceedings a faintly diabolical air. And all the better for that.

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Marc Jacobs and A.P.C. launch fall capsule collection

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Marc Jacobs and A.P.C. launch fall capsule collection


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October 2, 2025

Marc Jacobs and A.P.C. unveiled on Thursday a Fall 2025 capsule collection, merging the two brands’ shared 1980s roots with their distinct cultural perspectives from New York and Paris.

Marc Jacobs and A.P.C. launch fall capsule collection. – Marc Jacobs x A.P.C.

The collection reimagines collegiate style with layered fabrics, precise detailing, and archival references, reflecting the decades-long friendship between Marc Jacobs and A.P.C. founder Jean Touitou.

Key pieces include a varsity jacket in wool and cowhide, dual-branded jerseys featuring the designers’ crests, and wardrobe essentials such as denim jeans, a miniskirt, and a striped shirt cut in a slightly baggy silhouette. Accessories feature Marc Jacobs’ signature Tote Bag alongside a collector’s edition of A.P.C.’s Demi-Lune bag.

Playful details are embedded throughout the capsule. Orange accents reference Jacobs’ 1980s Paris “Carte Orange” transit pass and Touitou’s Sorbonne student card, while Roman Empire–inspired buttons depicting the designers’ profiles appear on jeans and penny loafers.

The collection launches with a campaign, photographed by Nick Newbold and styled by Alastair McKimm, highlighting the capsule’s blend of heritage, precision, and cultural storytelling.

The collection is now available in Marc Jacobs boutiques, A.P.C. stores, and online, with prices ranging from $100 to $1,295.

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