New York Fashion Week opened Wednesday with an understated and elegant Ralph Lauren show. It was a busy evening where Miu Miu tag-teamed with Coco Gauff nearby and Dior opened a new flagship.
Ralph also hosted a post-show dinner in his baronial restaurant Polo Bar on Fifth Avenue, while close by in Rockefeller Center, the Council of Fashion Designers of America threw a season-warming cocktail in the Rainbow Room.
Rounding off a busy day, Valentino invited fans to one of the city’s most legendary hotspots, Studio 54, to launch its new beauty line, as Paper magazine lured the younger set with a fete in Noho.
All told, a madding Midtown Manhattan moment, although the scene was relaxed and insouciant at Ralph Lauren. Whose show was held inside his HQ on the ninth floor of 650 Madison, a late-1950s skyscraper.
The set was a très juste modernist statement. All in white with a curving Robert Mallet Stevens-worthy stairway, white seating and black wicker chandeliers.
Understated elegance was the leitmotif of this collection, where taut feline Ozempic silhouettes were juxtaposed by sensual volumes. Haute Hamptons chic, with superb white redingotes worn with black bikini tops and slouchy pants.
“It’s time to stay simple and let the clothes tell the story. There’s a personal spirit to the collection I want to share in the intimacy of the place where it all began,” commented Ralph.
In some smart styling, dashes of sinful red – bustier dresses, pant suits with elephantine trousers or trenches over mannish pants and espadrille wedges. All sorts of variations of black and white stripe cardigans, blouses, and frocks – often topped by giant Provençal-meets-Montauk straw hats.
Adding to the love, a charming remix of the Bee Gees classic tune ‘More Than a Woman’. The lyrics: “You got me working day and night. Just trying to keep a hold on you,” summed up the easy beauty of the cast and clothes.
Uber star power in the front row saw a slimline Oprah Winfrey sat front row beaming throughout the show.
“I loved the dramatic black and white gowns, and the red flowing coats and skirts, because I think you wear red when you know you have won!” enthused long-time fan Oprah.
Asked why she connected so much with Ralph, Winfrey responded: “I think because we both worked our way up, earned our own way, did it our way, and did it for ourselves. No one gave us anything, and there you go,” smiled the legendary talk show host wearing a ruffle neck under a boyish white cotton shirt.
At the finale, a smiling Ralph, looking frail but determined, took his bow on a lower step of the stairs. Before wife Ricky embraced him in a warm hug, the crowd rising in a long-lasting ovation.
Technically speaking, the six-day NYFW does not kick off until Thursday, although Ralph’s display felt very much like the season opener. The heavyweight champion of American fashion making a light and nonchalant statement, in marked juxtaposition to our current political times.
From intimacy to a ginormous urban vista as designers, buyers and editors gathered on the 65th floor of Rockefeller Center. Downing espresso martinis courtesy of Starbucks at the CFDA reception.
Referencing the center’s famed statue of Prometheus, CFDA CEO Steven Kolb connected Greek mythology to fashion in his speech, as they are “both about creativity and bold actions.”
This season marks the second time that the CFDA will livestream all shows on three giant screens to reach a wide public, noted Kolb, before two Annas (Sui and Wintour), Michal Kors and CFDA Chairman Thom Browne joined him for a group shot.
The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch.
Reuters
The probes involve an alleged infringement of European rules on the fixing of retail prices displayed online by the groups’ authorised distributors.
The two companies may be limiting price competition among their retailers through a vertical agreement, by imposing retail prices on their distributors and adopting “retaliatory commercial measures” against those that fail to comply, the antitrust authority said in a statement.
The agency’s officials carried out inspections at the Italian offices of Swatch and Citizen on December 3.
Swatch and Citizen did not immediately respond to a request for comment.
British retail tycoon Mike Ashley has pledged around 670 million pounds ($890.6 million) worth of shares in his sportswear and fashion retailer Frasers Group Plc as collateral for a loan from HSBC, according to filing on Tuesday.
Reuters
Ashley’s holding company, MASH Beta Limited, which holds the majority of Frasers’ issued share capital, pledged about 103.6 million ordinary shares.
Frasers’ shares were down about 1.3% at 646.5 pence as of Tuesday’s last close.
This move comes after the company’s heavy investments in newer geographies and taking or increasing shareholding in recent months across companies, from fashion groups to electrical retailers. Mike Ashley holds roughly a 73% stake in Frasers, according to data compiled by LSEG.
The company whose portfolio includes Sports Direct, House of Fraser and Flannels, reaffirmed its full-year profit forecast earlier this month.
G-III Apparel on Tuesday raised its full-year earnings forecast on the back of better-than-expected earnings in the third quarter, which also saw the U.S. firm’s sales drop 9% to $988.6 million.
Courtesy
The New York-based firm logged earnings of $80.6 million, or $1.84 per diluted share during the three months ending October 31, compared to $114.8 million, or $2.55 per diluted share, in the prior year’s third quarter.
While profits were lower than the same period last year, the owner of Karl Lagerfeld, Sonia Rykiel, and DKNY brands, “delivered a strong third quarter with gross margins and earnings far exceeding our expectations,” according to said Morris Goldfarb, G-III’s chairman and chief executive officer.
“This was driven by the strength of our go-forward portfolio, particularly our owned brands, as well as a healthy mix of full-price sales and our mitigation efforts against tariffs. I am pleased with how our brands are resonating with consumers and encouraged by the solid demand we have seen throughout the holiday season to date,” continued Goldfarb, who said his company is raising its fiscal 2026 earnings guidance to “reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures.”
In June, G-III Apparel filed a $250-million lawsuit against PVH Corp., escalating tensions between the two fashion giants with allegations of breached licensing agreements and interference in business relationships. The complaint, filed in New York state court, targets PVH and its Calvin Klein Inc. and Tommy Hilfiger licensing divisions.