The end of 2025 marks a phase of acceleration for Lacroix, which is strengthening its mountain presence with the opening of two owned boutiques in emblematic French resorts. On November 29, the brand opened its first store in Val d’Isère, followed on December 4 by a boutique in Courchevel 1850. These two strategic addresses, each spanning 140 square metres, underscore Lacroix’s determination to establish a lasting presence in the leading premium ski destinations.
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In Val d’Isère, the brand has set up a chalet-style boutique at Parc 1963, avenue Olympique, conceived as a warm, contemporary refuge. In Courchevel 1850, the Lacroix Igloo, located on rue des Verdons, offers a more minimalist, architectural aesthetic inspired by the purity of the high mountains. Coinciding with these openings is the launch of an exclusive Lacroix x Courchevel capsule, further reinforcing the brand’s visibility over the winter season.
Founded in 1966 by Léo Lacroix, an Olympic alpine skiing champion, the brand has established itself as a benchmark in high-end French skiing thanks to its exacting standards of technical expertise and performance. After a more challenging period marked by safeguard proceedings, Lacroix embarked on a new phase of development from 2022, following its takeover by Günther Doll and Damien Bodoy. This relaunch centres on a clear upmarket repositioning. Today, production is carried out mainly in Italy and Portugal, while the historic factory remains in Italy.
As part of this strategy, the brand is stepping up targeted collaborations to reach a younger clientele and refresh its image. The collaboration with Jacquemus follows a deliberately timed schedule: the capsule has been available since December 1, a few days before the opening of the Courchevel 1850 boutique and immediately after the opening in Val d’Isère.
With these two openings, Lacroix now operates two owned boutiques, alongside 45 wholesale points of sale in France and 20 internationally, notably in Korea, Canada, the US, and Austria. The brand anticipates 30% growth and plans to open around 10 new points of sale over the coming years. Revenue is estimated at 2.2 million euros in 2025, with a clear ambition to reach 10 million euros by 2028-2030. In this vein, Lacroix is already preparing its next collaboration with APM Monaco for the 2026/2027 season.
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newvintage store specialising in designer fashion, ceramics, and photography books, called Numero237, takes its name from its location on Rua de Miguel Bombarda in Porto, famed for its concentration of art galleries, cultural spaces, independent designer fashion boutiques, decorative arts, architecture and much more. Although Numero237 specialises in second-hand designer fashion, focusing on pieces by young, daring designers, it also carries Portuguese ceramics from iconic brands such as Vista Alegre and Sepal, as well as photography books.
@numero.237 / Instagram
A post on the store’s Instagram account reads: “There’s a new place of discovery in Bombarda- Numero237, an archive specialising in second-hand designer fashion, now with a physical space on the street that lends it its name. A place where clothing, photography, vintage ceramics, and design coexist with sensitivity and good taste.”
After opening one of Porto’s first vintage stores in 1997, Gonçalo Velosa has returned to the concept he honed in the British capital, where he lived for years, now in the heart of the Porto Art District: “I wanted this to be a space which, although it sells brands that can sometimes be a little elitist, also offers more accessible pieces,” he told Time Out.
“I’ve tried to create an environment where no one is afraid to explore, touch and try things on, because there are certain spaces where you think twice before going in, because they’re so controlled and formal,” says the entrepreneur, who has since settled in London to study Fashion Design, going on to open House of Liza, a space in the Hoxton neighbourhood with a rigorously curated selection of iconic pieces. At Miguel Bombarda, major names in fashion and design also stand out, such as Alexander McQueen, Comme des Garçons, Dior, Dolce & Gabbana, Helmut Lang, Issey Miyake, Jean-Paul Gaultier, and Valentino, to name a few.
@numero.237 / Instagram
Numero237 opened in September, focusing on the categories and styles of women’s and men’s fashion that Gonçalo Velosa sources on trips abroad, never neglecting quality as a point of difference.
“Everything on sale here is free from defects; it goes through a cleaning process,” he also told the local edition of the London-based magazine founded by Tony Elliott in 1968. “I don’t buy anything just because it carries a particular brand label, but because I see aesthetic or cultural interest in it.”
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Morocco: a red carpet for traditional African attire? The host of the 2025 Africa Cup of Nations (CAN) has seen numerous national teams dressed in traditional outfits, not just their jerseys. Fashion brands such as Daily Paper and Puma have also marked the occasion with collaborations honouring African cultures.
Adidas and Arte Antwerp have released a collaboration in Morocco’s colours, the host nation of the competition – adidas/Arte Antwerp
Embroidered green kaftans and matching hats for Nigeria’s Super Eagles, black and gold or blue and white bogolans for Mali’s Eagles, colourfully detailed suits for Zimbabwe’s Warriors… Though not all the designers of these traditional outfits were credited, their success has been unanimous on social media. The CAN, which stirs passions every two years, shines a powerful spotlight on African craftsmanship and fashion.
Craftsmanship and cultures in the spotlight
The team most in the spotlight, both for their title as 2024 African champions and for their dazzling traditional attire, is Côte d’Ivoire. Nicknamed the Elephants, the Ivorian players arrived in Morocco in Kita cloth trench coats adorned with Adinkra motifs in white and gold thread (symbols drawn from the heritage of the Akan people), worn over white shirts and trousers. The outfit is by Elie Kuame, an Ivorian-Lebanese designer based in Abidjan (Côte d’Ivoire) since 2017. His “prêt-à-couture” brand, created in 2006, showcases African fashions in all their diversity, positioning them as luxury pieces.
Outfit designed by Elie Kuame – Fédération Ivoirienne de Football
Another designer in the spotlight is the creator behind the Democratic Republic of Congo (DRC) outfits, Alvin Junior Mak. Born in the DRC and having moved to Paris in childhood, the designer produced the pieces directly in the Democratic Republic of Congo, working with local artisans. The result is sculpted jackets featuring the leopard motif that characterises the DR Congo national team, bearing the JmakxParis name, his sustainable ready-to-wear label.
Brands seize on the event
Finally, Burkina Faso and the Étalons called on a Burkinabé brand, Free Design, to create their outfits. Its designer, Ahmed Ouedraogo, opted for a white tunic with green and red stripes, the colours of the national flag, with symbols on the collar and chest. The outfit is completed by white trousers and a hat.
Daily Paper makes its presence felt in Marrakech – Daily Paper
Some global brands have also seized on the event, starting with Daily Paper. The label is collaborating with Moroccan artist Hassan Hajjaj on his Kech United project, a cultural programme organised in Marrakech during the Africa Cup of Nations. The event brings together football, art, fashion, and music, and Daily Paper presents a series of flagship events highlighting its connection to African culture and global youth communities.
Streetwear and sport celebrate diasporas
For this CAN, Arte Antwerp and Adidas have joined forces to create a joint collection in the colours of Morocco’s Atlas Lions. Worn by two players from the squad before their opening match against the Comoros, it includes a beige knitted jumper with green Adidas stripes and red Adidas and Arte logos, a red sweatshirt with white piping, several red, white or black tops with details in the same colours, and a black leather jacket.
Puma is particularly active on the sidelines of CAN 2025 – Izudin Yusuf
Finally, the German brand Puma is distinguishing itself in several ways on the sidelines of Africa’s biggest football gathering. As the CAN’s ball supplier, it has unveiled a model called Itri, featuring stars as a nod to Morocco and geometric motifs drawn from zellige, a Moroccan mosaic art. Puma has also released, in collaboration with Olympique de Marseille, a raft of jerseys in the colours of seven African diasporas present in the city, whose countries of origin- such as Senegal, the Comoros and Algeria—are participating in the 2025 Africa Cup of Nations.
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William Pak and his wife Christin Chiu, respectively CEO and chair of the board of directors of Hong Kong-listed fashion group Esprit, resigned from their roles on December 19. Bradley Wright, currently executive director of the group, has taken charge of Esprit ad interim.
Esprit
Pak was named CEO in 2022, having previously collaborated with Esprit as company transformation consultant, then CEO ad interim, and later as COO. He was tasked with the mission of stemming the group’s nearly decade-long decline, notably by streamlining Esprit’s costly European store fleet. Especially in Germany, the country which accounted for half of Esprit’s business.
British executive Bradley Wright was named executive director and board member of Esprit Holdings Ltd at the end of 2021. As interim CEO, he will oversee the reorganisation of the group’s senior executive team, and especially an overhaul of Esprit’s European operations.
The executive director slots vacated by Pak and Chiu will be assumed by Jianyi Liu, formerly senior vice-president in charge of Esprit’s China operations, and by Li Hui, in charge of the group’s legal affairs in Asia.
These senior executive changes are occurring at the end of another troubled year for Esprit, whose revenue fell by 75% in H1. The group is relying on its licensing business to generate cash, in the wake of the insolvency proceedings for its German subsidiaries, which were triggered in 2024.
They were followed by the default of Esprit’s US subsidiary in October 2024, while its French business went into judicial liquidation in September of the same year. The group recorded heavy losses in fiscal 2024, with revenue dropping by 16% to €4.6 million.