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Bulgari opens ‘Kaleidos’ exhibition in Tokyo

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Bulgari opens ‘Kaleidos’ exhibition in Tokyo


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September 20, 2025

Bulgari opened on Wednesday its largest exhibition ever in Japan, at The National Art Center, in Tokyo. 

Bulgari opens “Kaleidos” exhibition in Tokyo. – Bulgari

Dubbed “Bulgari Kaleidos: Colors, Cultures and Crafts”, the exhibition is the maison’s first in the country in a decade and brings together nearly 350 creations spanning high jewelry and contemporary art, staged as a kaleidoscopic journey between Italian and Japanese culture.

Visitors will encounter three thematic chapters — The Science of Color, Color Symbolism, and The Power of Light — each revealing the maison’s work. On view are pieces such as the legendary Seven Wonders emerald necklace, bold sautoirs of the 1960s, Sotirio Bulgari’s early designs, and newly commissioned works by contemporary artists Lara Favaretto, Mariko Mori, and Akiko Nakayam. 

The exhibition debuted with a day of high-profile events including an international press conference, an exclusive vernissage, and a gala dinner held in the museum’s atrium. Extending the narrative beyond the museum walls, activations also took place at the Bulgari Hotel Tokyo.

The opening drew guests such as her Imperial Highness Princess Takamado, Yuriko Koike Governor of Tokyo, the Italian Ambassador to Japan Gianluigi Benedetti, Bulgari Brand Ambassadors Kim Ji Won, Jang Wonyong, Hikari Mori, and Tomohisa Yamashita, as well as acclaimed talents like Kento Nakajima, Haruka Igawa, and Aya Omasa, among others.

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Drewry WCI continues to fall; rates slide on key trade routes

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Drewry WCI continues to fall; rates slide on key trade routes



The Drewry World Container Index (WCI)—a composite measure of container freight rates—declined for the fourteenth consecutive week, falling 6.40 per cent to $1,913 per 40-foot equivalent unit (FEU) on September 18, down from $2,044 per FEU the previous week.

After two weeks of moving in opposite directions, the major trade routes, Transpacific and Asia–Europe, are now aligned on a downward trajectory, though each is moving at a different pace.

Drewry World Container Index fell 6.4 per cent to $1,913 per FEU on September 18, marking its 14th straight weekly drop.
Transpacific and Asia–Europe spot rates declined as momentum from GRIs and blank sailings faded.
With carriers struggling to absorb new capacity and soft demand, Drewry expects further rate declines ahead of China’s Golden Week and warns of additional volatility in early 2025.

Transpacific spot rates have resumed their decline, slipping back to levels last seen at the beginning of September. Rates from Shanghai to Los Angeles fell 4 per cent to $2,561 per 40ft container, while rates from Shanghai to New York dropped 5 per cent to $3,571 per 40ft container. Despite a brief uptick, the momentum from General Rate Increases (GRIs) and blank sailings has faded, leading to the latest decline.

Asia–Europe spot rates also continued to fall this week, with Shanghai–Rotterdam rates down 11 per cent to $1,910 per FEU and Shanghai–Genoa rates down 9 per cent to $2,131 per FEU. This drop reflects carriers’ struggle to balance rising capacity—driven by new vessels entering service—with softening demand. With more blank sailings planned ahead of China’s Golden Week holidays, beginning on October 1, Drewry expects rates to continue falling in the coming weeks.

Drewry’s Container Forecaster projects that the supply-demand balance will weaken again in the second week of 2025, likely causing further spot rate contraction. The extent and timing of rate volatility will depend on President Donald Trump’s future tariff decisions and on capacity changes linked to potential US penalties on Chinese ships, both of which remain uncertain.

Fibre2Fashion News Desk (KUL)



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Milan Fashion Week to open on Tuesday in Giorgio Armani’s shadow

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Milan Fashion Week to open on Tuesday in Giorgio Armani’s shadow


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Nicola Mira

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September 19, 2025

On Tuesday, a fashion world still in mourning will be gathering in Milan for the start of womenswear fashion week. Giorgio Armani, who passed away on September 4, will be in everyone’s hearts. Especially on the evening of Sunday September 28, when the iconic Italian label will stage its runway show, the final event of the fashion week dedicated to the Spring/Summer 2026 women’s ready-to-wear collections. The show will be held in the main courtyard of Palazzo Brera and will feature the last creations by ‘King Giorgio’. It will also fête the 50th anniversary of Armani’s eponymous label, and is clearly set to be the crowning event of this emotion-filled week.

Giorgio Armani in January at Paris Haute Couture Week – ©Launchmetrics/spotlight

The Italian luxury label has confirmed that the week’s closing show will go ahead, as will the double show scheduled for its young line Emporio Armani on Thursday September 25, and the exhibition dedicated to Armani at the Pinacoteca di Brera gallery, featuring 150 looks from the Armani archives. “We will celebrate [Milan] Fashion Week by paying tribute to one of its founders, Giorgio Armani, and to his creative, entrepreneurial and personal legacy, so valuable in this transformation period the fashion industry is going through,” said Carlo Capasa, president of the Italian Fashion Chamber (CNMI), presenting what promises to be an intense Milan Fashion Week programme.

Between September 23 and 29, Milan will host 171 events, including 54 in-person shows, the same number as in February. In addition, four digital shows are scheduled at the end of the week, on Monday 29, by Maxivive and by rookie labels Mein Corp by Italian designer Lorenzo Sala, Nadya Dyzak, a Ukrainian label launched in 2008, and Zenam, the label by Cameroonian designer Paul Tanonkou, which previously featured on the menswear calendar.

The calendar includes 10 new names, between emerging labels and previous participants (like Milano Moda Graduate, the collective show by the city’s fashion academies), compensating for 10 absentees. While Giorgio Armani is no longer with us, after dominating the fashion scene for half a century, this week Milan is welcoming his successors, between emerging talents, several comebacks, and new creative directors who have taken charge at some major labels.

The first is Demna (Gvasalia) at Gucci, who will unveil his first looks for the Kering group’s premier label in a presentation scheduled on Tuesday September 23. Dario Vitale, taking his first steps at Versace after the latter was recently acquired by the Prada group, will adopt the same understated format on September 26.

On Wednesday September 24, it will be Simone Bellotti’s turn to debut for Jil Sander, while Louise Trotter will unveil her first collection for Bottega Veneta on Saturday 27 – the label is back on the Milan Fashion Week calendar after skipping the February edition. Another highlight will be Fendi’s co-ed show on Wednesday 24, overseen by Silvia Venturini Fendi, celebrating the Roman house’s centenary one last time. FashionNetwork.com has learnt that one of the show’s surprise guests may be French mezzo-soprano Axelle Saint-Cirel, singing six arias with harp accompaniment.

This season, Knwls has opted to show in Milan rather than London
This season, Knwls has opted to show in Milan rather than London – ©Launchmetrics/spotlight

An event worth keeping an eye on will be the maiden Milanese show by British ready-to-wear label Knwls, scheduled on Wednesday September 24. The London-based label, a favourite among celebrities, has gone from strength to strength in recent years, thanks to its sensual Y2K silhouettes and its focus on female empowerment. Knwls was launched in 2017 by British designer Charlotte Knowles with her partner, Canadian Alexandre Arsenault. In 2022, Knwls was an LVMH Prize finalist, and it is available at over 50 leading multibrand retailers worldwide.

A major debut is scheduled on Friday September 26, with the first runway show by Sa Su Phi, a womenswear label set up in 2021, during the pandemic, by Sara Ferrero, an experienced finance executive, and Susanna Cucco, design expert and creative consultant, whose eponymous agency has been collaborating with many top labels in the course of over 25 years. Having begun with luxury knitwear, they have developed a minimalist, sophisticated and timeless style, winning over some 70 top retailers worldwide.

Milan Fashion Week will also welcome comebacks by the likes of Boss, Calcaterra, The Attico and Stella Jean, which have all given Milan a miss in recent seasons, as well as Anglo-Nigerian designer Ineye Tokyo James. After staging his rookie show in Milan in February 2022, James dropped below the radar before coming back in March with a digital show. Also back is Vietnamese designer Phan Dang Hoang, who debuted in Milan in September 2024, and then failed to return. Indian designer Dhruv Kapoor and Pierre-Louis Mascia, who had both featured on the men’s calendar until January, are now included in the womenswear programme.

Another 14 new names will feature on the presentation calendar, including young French designer Henri Paris with his sophisticated creations, Davii, Daizy Shely, Forte_Forte, Îacaré, Kasai, Moja Rowa, Nissa, Pé de Chumpo, Saman Loira, Seafarer, Simon Cracker, which usually shows in the menswear week, Vespa and JW Anderson, which has also scheduled an event at its newly renovated store. Trussardi too is making a comeback, releasing a short film starring Eva Herzigova and Fernando Lindez at the Anteo cinema on September 28.

Milan Fashion Week will feature 171 events this season- CNMI
Milan Fashion Week will feature 171 events this season- CNMI

Versace and Gucci are among the dropouts from this edition’s runway show calendar, having opted instead for a presentation, as mentioned above. Also off the show calendar are Marni and Bally, both going through a transition phase in terms of style, with Marni’s new creative director Meryll Rogge set to show in Milan next February – while Fiorucci has moved to a slot in the menswear week in June. The other absentees are Swedish label Avavav, which had been showing in Milan since September 2023, Susan Fang, which showed in March supported by Dolce & Gabbana, Philipp Plein, K-Way and Dsquared2.

Milan Fashion Week will, as always, be able to count on several top Italian names, among others Prada, Moschino, Roberto Cavalli, Ferragamo, Dolce & Gabbana, Etro and Max Mara, as well as on a plethora of off-calendar events. The first is the Maestri d’Eccellenza Prize, recognising Italy’s top artisans, sponsored by Thélios and LVMH with CNMI and Confartigianato, Italy’s national artisanal association. The award ceremony is scheduled on September 23.

Kering will play its part with Cinemoda Club, a fashion-related film festival sponsored by the French luxury group with Vogue Italy and scheduled on September 25-27, and S|Style, a focus on sustainable emerging labels, including Jeanne Friot from France, on September 26-28. Also on the programme, the third edition of the Black Carpet Awards on September 24, the CNMI Sustainable Fashion Awards (the sustainable fashion prize set up by CNMI in 2017) on September 27, as well as several new store openings within Milan’s luxury shopping district, with cocktail parties and gala evenings galore.

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ICE cotton slips despite higher US exports, strong dollar

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ICE cotton slips despite higher US exports, strong dollar



ICE cotton futures declined further due to a stronger dollar and spillover weakness from grain markets. Although US cotton export sales rose in the latest week, they failed to support ICE cotton as the figures came in below market expectations.

ICE’s most active December 2025 contract settled at 66.90 cents per pound (0.453 kg), down 0.35 cent or 0.52 per cent. The contract has lost a total of 78 points over the last two sessions. Other contracts also closed lower, with losses ranging from 19 to 67 points.

ICE cotton futures declined as a stronger dollar and weak grain markets pressured prices.
December 2025 contract settled at 66.90 cents per pound.
USDA export sales rose 44 per cent weekly but missed expectations, and shipments were poor.
USDA’s September WASDE report left cotton forecasts unchanged.
US equities hit record highs, while crude oil and soybean prices added further downside pressure.

Trading volume was 36,204 contracts, compared with 38,237 in the previous session. ICE deliverable No. 2 cotton contract stocks remained unchanged at 15,474 bags as of September 17.

The US dollar rose 0.6 per cent, marking its second consecutive higher close, though it remains near 3.5-year lows. A stronger dollar makes dollar-denominated commodities such as cotton more expensive for buyers using other currencies. Crude oil futures declined by $0.59 on the day of the Fed decision, adding further pressure on cotton prices.

The Federal Reserve announced a 25-basis-point rate cut, which had been widely anticipated.

USDA’s weekly export sales report for the week ending September 11 showed a net increase of 186,100 bales—44 per cent higher than the prior week and 13 per cent above the 4-week average.

CBOT soybean futures fell for the second consecutive day, weighed down by weaker soyoil prices. Soyoil futures also dropped for the second session, pressured by the US EPA’s unclear proposal on redistributing biofuel blending obligations under the small refinery exemption programme. Market analysts said grain market weakness and a strong dollar are weighing on cotton. While USDA’s export sales report was ‘decent’, it fell short of export targets and shipments were poor, signalling that export demand remains lacklustre despite some increase in sales.

USDA’s September World Agricultural Supply and Demand Estimates (WASDE) report kept forecasts unchanged for US cotton consumption, exports, and 2025-26 year-end stocks.

US equities moved higher, with all three major indices hitting new all-time highs both intraday and at close.

Currently, ICE cotton for December 2025 is trading at 66.83 cents per pound (down 0.07 cent), cash cotton at 64.90 cents (down 0.35 cent), the October 2025 contract at 65.50 cents (up 0.31 cent), the March 2026 contract at 68.74 cents (down 0.10 cent), the May 2026 contract at 70.14 cents (down 0.03 cent) and the July 2026 contract at 71.03 cents (down 0.05 cent). A few contracts remained at their previous closing levels, with no trading recorded today.

Fibre2Fashion News Desk (KUL)



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