Fashion
Milan: An invitation to journey with Calcaterra, J. Salinas and Pierre-Louis Mascia
Published
September 28, 2025
After the rain that spoiled part of fashion week, the final day of Milan’s in-person catwalk shows drew to a close in style beneath an azure sky on Sunday. Before the much-anticipated Giorgio Armani show that rounded off the day, several collections stood out for their creative richness, each designer immersing onlookers in a distinct world, from Calcaterra’s Berber-accented fashion to the virtuoso knitwear crafted by Peruvian artisans for J.Salinas, via the cinematic and 18th-century inspirations of Pierre-Louis Mascia.
Yves Montand’s warm voice humming “Les Feuilles Mortes” opened Pierre-Louis Mascia’s enchanting show; he is unrivalled in conjuring a poetic atmosphere steeped in nostalgia. For his new collection, the Toulouse-born designer drew inspiration from his favourite film, Marcel Carné’s “Les Enfants du Paradis”.
“The setting is a theatre, and the theme revolves around impossible love affairs. This black-and-white film, shot during the war, sets the tone for the collection with faded, dusty, sun-bleached hues, into which colour gradually seeps,” he explained.
Another source of inspiration is the 18th-century fabrics and silk jacquards of court dresses held in the archives of the Musée Galliera, to which Mascia gained access as part of a partnership between the label and the Paris institution, to be announced next March.
These two strands culminated in a refined, supremely elegant collection, with silk taking the lead in shimmering, fluid pieces. The light, comfortable garments featured very few fastenings and eschewed superfluous details. Front and centre were Mascia’s drawings and illustrations, including twenty-one new original prints in which diverse themes collide in finely calibrated balance.
Landscapes in India ink, foliage, toile de Jouy, animal prints, tapestry effects, abstract or geometric motifs, and paisley all come together harmoniously in precious silhouettes. A little silk robe-style coat slipped, revealing a shoulder. Blouses matched skirts in the same tones, while their prints evoked imaginary, melancholy tales.
Blouses and slip dresses were cut from finely fringed shawls. Delicate tunics fell to the knee over trousers tied at the ankle, at times recalling saris. Lightweight overcoats whirled above shirts and skirts fashioned from silky fabrics. Backed by his partner, the Como silk printer Achille Pinto, Mascia also offered this season a breathtaking series of silk pieces that perfectly simulate denim. Since he began showing, his visibility has grown. For 2025, revenue is expected to rise by 15%.
For Spring/Summer 2026, Daniele Calcaterra conceived a journey through time and cultures, leaping between the twenties, forties and nineties, with a detour via the Sahara. The collection oscillated between austere, masculine rigour and sensuous, free-flowing femininity.
On one side, there were trench coats, overcoats and, above all, suits with wide-lapel jackets, oversized men’s waistcoats and generously cut trousers with rounded lines, whose volume imbued women with power. This comfortable, practical wardrobe was conceived for everyday life, featuring, among other pieces, two-tone jeans, the classic striped shirt elongated into a tunic at the back, a slit pencil skirt and a chic suit with a swirling skirt.
On the other, the wardrobe turned more lustrous and fluid, with long fringed silk dresses that caressed the body, cloud-like tops punctuated with ostrich feathers or formed from series of fine fringes in differing lengths, and sheer organza looks. Scarves were worked into outfits to lend an airy touch, whether in skirts or T-shirts. They were sometimes draped over the shoulders like little capes, or tied around the neck.
Ethnic details ran throughout, such as Berber jewellery and belts edging the collars and cuffs of certain blouses.
For his second Milan show, J.Salinas enlisted the services of stylist Anna Dello Russo. Designer Jorge Luis Salinas, determined to win over the European market, pulled out all the stops, staging his show in an elegant, sun-drenched city-centre garden.
Ever focused on knitwear, the Peruvian couturier—who deploys countless knitting techniques to crochet sinuous mermaid dresses in a multitude of stitches—broadened his offer this season with more wearable pieces designed for a Western clientele. These include mini dresses, miniskirts, shorts, flared trousers, jackets and cropped tops with ruffled shoulders, tied at the back with long knitted ribbons.
The collection was presented in a pastel palette of dragée pink, sage green, sky blue and tangerine, spotlighting Peruvian craftsmanship. Each piece was knitted in Pima cotton by local craftswomen, then assembled to create openwork garments composed of a cascade of motifs (roses, flowers, raised polka dots, feathers, shells, and scales), layers of doilies and other lace which, arranged in garlands, traced curves and whorls around the body.
Salinas collaborates with communities of craftswomen across the country—around fifty knitters who enrich his work, each bringing her own ideas and skills. Seven of them were present in Milan on Sunday. They came to greet the public in their traditional dress to a round of applause.
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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)
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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