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Milan Fashion Week: Jil Sander, Fendi, Etro, and Loro Piana

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Milan Fashion Week: Jil Sander, Fendi, Etro, and Loro Piana


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September 24, 2025

In a Tuesday deluge of rain in Milan, a deluge of action, with a home-run debut by Simone Bellotti at Jil Sander, a euphoric Fendi show and directional flagship opening, an Etro concert performance and a Loro Piana museum presentation.

Jil Sander: Reducing and protecting

Nice to see a minimalist brand, doing modern minimalism, which was the case at the debut of Simone Bellotti.

Jil Sander Spring/Summer 2026 collection in Milan – Courtesy

A return to the house’s historic Milan headquarters for this show, but not a remotely retro collection, as Bellotti unveiled a thoroughly chic wardrobe of clothes, with the occasional technical explosion.
 
The cast striding rapidly around a slanted black runway in the all-white show-space, some three decades since Jil Sander first opened her Italian HQ in the shadow of Castello Sforzesco.

A monochromatic look, beginning with lots of sleek super light wool shirt jackets, paper leather blazers and chess piece shaped lambskin redingotes. Everything ironed to perfection. Opening with veteran model Guinevere Van Seenus showing plenty of tummy in a snappy white leather skirt and short electric blue cashmere top. Setting the stage for the collection – with dresses cut to the knee, yet often slit at the hip, revealing flesh regularly.

Jil Sander Spring/Summer 2026 collection in Milan
Jil Sander Spring/Summer 2026 collection in Milan – Courtesy

In crisp tailoring, the debutant cut leather cabans and jackets with great skill, pairing them with leggings and simple shoes.

Experimenting with materials, Simone used acres of technical taffeta in excellent trenches and dusters. Going into overdrive with some remarkable mille feuille cocktails, made of micro layers of taffeta which rippled ever so gently as the models dashed by.
 
“To me, Jil Sander is a house that has two apparently opposite feelings. There is classicism, formality and rigor, but also, it’s a search for modernity and lightness. So, basically, it was finding the key to balance those elements,” Bellotti argued.

A highly experienced designer, Bellotti joined Jil Sander from Bally after stints with Gucci, Gianfranco Ferré and Bottega Veneta.

Jil Sander Spring/Summer 2026 collection in Milan
Jil Sander Spring/Summer 2026 collection in Milan – Courtesy

He had telegraphed his angular intentions with the invitation – two photos of stacks of newspapers photographed by fine artist Richard Prince. All told, an impressive debut from Bellotti, very much respecting the Sander DNA even as he injected his own style.
 
At the finale, amid great applause, he took a quiet almost solemn bow, like an old pro who had just hit a home run.
 

Fendi: Translucently trendy

Is there an Italian designer who has luxury more imbued in her soul that Silvia Fendi? Hard to imagine who, after her latest tasteful, trendy and translucent show for the house of Fendi.

Fendi Spring/Summer 2026 collection in Milan
Fendi Spring/Summer 2026 collection in Milan – Courtesy

Presented inside the house’s mammoth show-space on Via Andrea Solari, this season revamped into a multi-colored Minecraft checkerboard, designed by Marc Newson. Just like the e-vite, whose pixilation pulsated in the show’s color palette.
 
With the audience perched on bleacher seats, the cast marched out snappily, oddly enough to industrial rock, “Metallic Life Review” by Matmos.
 
For day, Silvia wanted ladies to be sexy but always spruce in to-the-knee silk skirts finished with straps; dresses made of woven leather and slashed at the side; or sarongs cut asymmetrically and knitted. Jackets were short, sporty and swing easily.

Fendi Spring/Summer 2026 collection in Milan
Fendi Spring/Summer 2026 collection in Milan – Courtesy

Emphasizing the upbeat mood the key leitmotif was the daisy, whether dissected into gauzy blouses, or cut into elegant cashmere coats for guys in this co-ed collection. Certain gents walking in the ultimate in self-indulgence luxury – perforated dove gray mink moccasins.
 
Playing with knits in primary colors – from a blood orange bikini, to a chocolate brown zipped suit and sea-blue bra worn by veteran supe Natasha Poly, part of a multi-generational casting. Before suddenly going into overdrive at the final with a quintet of truly beautiful layered gauzed cocktails – translucent and shimmering. 
 
Like the set, the soundtrack was “pixilated”, as ace DJ Frédéric Sanchez sampled the voices of Italian cinema – Anna Magnani, Marcello Mastroianni, Anouk Aimée and Alain Delon – synthesized in electronic music projects by Scanner and Matthias Schubert. Adding to the sense of achievement when Silvia took her bow to a standing ovation.
 

Fendi Spring/Summer 2026 collection in Milan
Fendi Spring/Summer 2026 collection in Milan – Courtesy

In an intense day for the brand, Fendi also opened an inspirational new seven-floor Palazzo Fendi on Via Monte Napoleone. It boasts a special custom-order third floor with a team of permanent artisans, capable of creating myriad versions of Fendi bags in exotic skins or hyper distinctive hardware.
 
The new Via Monte Napoleone space includes modern art like Glazed Ceramic Column by Anton Alvarez; superb heirloom exotic skin coats from Karl Lagerfeld’s final shows for the house or from Silvia’s epic couture show in the ancient Roman Forum. All the way to a monumental nine-foot-tall beaded, sequinned and metallic coat named Soundsuit made for Nick Cave.
 
Along with three floors of Langosteria restaurant including a Japanese version and roof top bar. The whole place finished with multiple types of marble floors, changing from floor to floor, private salon to salon.
 
“It’s emotional and experiential, which is what people want today from great brands. And it represents our Italian heritage,” said fresh CEO Ramon Ros, who was appointed in April. 
 

Etro: The united flags of fashion

Movement and motion at Etro this season, in a collection inspired by flags, with clothes that fluttered and undulated with each step.
 

Etro Spring/Summer 2026 collection in Milan
Etro Spring/Summer 2026 collection in Milan – Courtesy

Presented inside a tent within a military barracks in south Milan, the show was driven on by a great live performance from La Nina Del Sud – a poly-instrumentalist, actress, singer songwriter and all-round hottie. The singer yelping and roaring as a half-dozen percussionists played tambourines and bodhráns painted in images of angry snakes.
 
Using Etro’s key heritage – its remarkable fabrics – in a too-much-is-never-enough collection; the show marked designer Marco de Vincenzo’s best display for the house since he arrived three years ago.
 
Scores of influencers, pop singers and even the odd buyer sat at the division between two black catwalks, all perched on ottoman’s covered in Etro fabrics.

Etro Spring/Summer 2026 collection in Milan
Etro Spring/Summer 2026 collection in Milan – Courtesy

Kicking off with hyper ruffled posh hippie dresses, completed with fringed rocker or cowboy jackets; followed by colorful crochet tops and huge psychedelic harem pants, along with some striking jacquard redingotes.
 
For evening, he showed sheer skirts worn over Rajasthan-print leotards, or deep gorge lace gowns. Most models wore bandanas, some giant pirate hats, as if all off to some fabulous private party at a rock festival. Outside, it had been raining all day in Milan. Inside the mood was steamy. 
 
“Mixing and matching without any fear. Brocades with knits and prints. Embroidered denim and suede. Prints on beds of chiffon coated to become magic. Intarsia leather. Fabrics and soul!” enthused de Vincenzo, in a packed backstage.
 

Loro Piana: Classic clothes with modern art

The star of this season’s Loro Piana presentation turned out to be the setting – Palazzo Citterio, a freshly opened museum dedicated to 20th-century art.

Loro Piana Spring/Summer 2026 collection in Milan
Loro Piana Spring/Summer 2026 collection in Milan – Courtesy

A little-known collection in a municipal gallery, which remarkably boasts works by such legends as Modigliani, Braque, Picasso, and Umberto Boccioni, including a marvelous self-portrait of the latter bearing an easel and wrapped up in a mohair coat and beanie. Cut like one on the head of a stockman nearby in this co-ed presentation.
 
Every mannequin wore a cap or hat – all the way to a Puritan stovepipe on a lady’s black creamy cashmere coat. 
 

Loro Piana Spring/Summer 2026 collection in Milan
Loro Piana Spring/Summer 2026 collection in Milan – Courtesy

Key new ideas included a remarkable new silk tweed, giving that blend of English aristo and old money Italy that Loro Piana consumers like.
 
Plus, one discovered some intriguing linen made with a powdery finish to the threads altering how light falls on the material. Seen on a salted caramel-hued shawl collar jacket, next to, unexpectedly, a Don Johnson-worthy Miami Vice double-breasted suit. Then again, an Armani retrospective will open next door on Sunday.

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Tariffs to cut eurozone GDP by up to 0.6 pps in 2026: Survey

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Tariffs to cut eurozone GDP by up to 0.6 pps in 2026: Survey




European businesses expect a sharper hit from US tariffs and trade frictions in 2026, after limited impact in 2025 due to front-loading, according to a survey by BusinessEurope.
It estimated GDP losses of 0.5–0.6 pps next year, and around 0.7 between 2025 and 2027.
Most firms reported reduced competitiveness and rising costs, urging tariff stability and simplified customs to restore predictability.



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US’ HanesBrands Q3 operating profit rises 14% despite 1% dip in sales

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US’ HanesBrands Q3 operating profit rises 14% despite 1% dip in sales



American clothing company HanesBrands Inc has reported its financial results for the third quarter (Q3) of 2025 ended September 27, with net sales from continuing operations of $892 million, marking a 1 per cent year-on-year (YoY) decline. On an organic constant currency basis, sales fell 4.9 per cent. Despite the revenue slip, operating profit rose 14 per cent to $108 million.

The operating margin improved 160 basis points (bps) to 12.1 per cent, driven by lower selling, general and administrative (SG&A) expenses and effective cost-saving initiatives.

US’ HanesBrands Inc has reported net sales of $892 million in Q3 2025, down 1 per cent YoY, while operating profit rose 14 per cent to $108 million and margin improved to 12.1 per cent.
EPS surged 986 per cent to $0.76, aided by tax benefits.
Despite weaker US and international sales, cost savings, margin expansion, and market share gains strengthened results ahead of its merger with Gildan.

Adjusted operating profit increased 3 per cent to $116 million, with an adjusted operating margin of 13 per cent—up 45 bps YoY. Gross profit slipped 3 per cent to $363 million, with gross margin narrowing 70 bps to 40.8 per cent, primarily due to an unfavourable business and customer mix.

The earnings per share (EPS) surged 986 per cent to $0.76, boosted by a $0.64 per share discrete tax benefit. Adjusted EPS climbed 25 per cent to $0.15, reflecting stronger operational performance and lower interest expenses. The balance sheet continued to strengthen, with leverage decreasing to 3.3 times net debt-to-adjusted EBITDA, compared to 4.3 times a year ago, HanesBrands said in a press release.

In the US market, net sales declined 4.5 per cent due to a late-quarter shift in replenishment orders at a large retail partner. Nevertheless, HanesBrands saw sequential improvement in unit point-of-sale trends each month and recorded a successful back-to-school season, with the Hanes brand gaining market share. Operating margin in the segment rose 20 bps to 22.2 per cent.

International net sales fell 8 per cent on a reported basis, including a $4 million forex headwind, and 6 per cent in constant currency. Sales improved in Japan but declined in the Americas and Australia. The operating margin in the segment dropped 230 bps to 10.2 per cent, impacted by lower volume and higher brand investment.

The cash flow from operations stood at $28 million, down from $92 million in Q3 2024, while free cash flow totalled $22 million, compared to $88 million last year. Inventory levels rose 10 per cent YoY to $991 million, largely due to tariff-related impacts, though stock keeping unit (SKU) count was reduced by 5 per cent year-to-date, reflecting tighter inventory management.

“Our top-line results for the quarter reflect an unanticipated late quarter shift in replenishment orders at one of our large US retail partners; however, we saw underlying fundamentals of our business continue to improve in the quarter. Our inventory position at retail is strong. We are encouraged by our unit point-of-sale trends, which sequentially improved each month during the quarter. We are also pleased with our strong back-to-school season as the Hanes brand continued to gain market share,” said Steve Bratspies, CEO at HanesBrands Inc.

“In addition, the continued execution of our cost savings initiatives drove operating profit growth and operating margin expansion, which along with lower interest expense, combined to generate a 25 per cent increase in adjusted earnings per share in the quarter. Looking forward, our team remains focused on driving the business and the successful completion of the transaction with Gildan,” added Bratspies.

HanesBrands and Gildan Activewear entered into a definitive merger agreement on August 13, 2025, under which Gildan will acquire HanesBrands. While the company will not be providing guidance going forward due to the pending transaction, it believes it’s on track to meet its previously provided full-year 2025 EPS outlook, added the release.

Fibre2Fashion News Desk (SG)



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Turkiye’s industrial production up 2.9% YoY, down 2.2% MoM in Sep 2025

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Turkiye’s industrial production up 2.9% YoY, down 2.2% MoM in Sep 2025



Turkiye’s industrial production increased by 2.9 per cent year on year (YoY) and decreased by 2.2 per cent month on month (MoM) in September this year, according to the Turkish Statistical Institute (Turkstat).

The industrial production index (IIP) for manufacturing increased by 2.7 per cent YoY and decreased by 2.3 per cent MoM in the month.

Turkiye’s industrial production rose by 2.9 per cent YoY and decreased by 2.2 per cent month on month (MoM) in September, according to the Turkish Statistical Institute.
The industrial production index for manufacturing increased by 2.7 per cent YoY and decreased by 2.3 per cent MoM in the month.
The index for durable consumer goods fell by 7.5 per cent YoY and by 1.2 per cent MoM.

The IIP for electricity, gas, steam and air conditioning supply increased by 5.3 per cent YoY and decreased by 2.4 per cent MoM in the month, a Turkstat release said.

The index for durable consumer goods decreased by 7.5 per cent YoY and by 1.2 per cent MoM.

Fibre2Fashion News Desk (DS)



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