“Africa is not here to be discovered; Africa is here to be recognised.” With that assertion, Lulu Shabell, founder and CEO of the Lulubell Group, launches Álké Ball, an institution dedicated to securing global recognition for African fashion.
The institution’s work is underpinned by the Álké Fund – The Álké Ball
Grounded in art, heritage, knowledge, and enterprise, the Álké project seeks to catalyse a decisive shift: from sporadic visibility to an intentional, structured, unified and globally influential African authority. Its name is drawn from the word “Álkébulan,” regarded by some as among the oldest known names for the African continent.
“Before the modern vocabulary of luxury, there was Africa”
Drawing on her experience across more than 20 African countries, Lulu Shabell has supported designers, helped to expand the African fashion industry, and forged international connections through the Lulubell Group. Under her leadership at Álké Ball, a pan-African collective of designers, archivists, curators, researchers, and creative strategists has taken shape.
Together, they advance a shared thesis: that long before silk, cotton, and the modern vocabulary of luxury, there was Africa- a place where pattern was a language, textiles a code, and clothing a philosophy. In Africa, fashion has never been purely decorative; it was, and remains, a testament to lineage, mastery, and thought.
Taking action through a fund
At the heart of Álké’s mission is the Álké Fund, a permanent, continent-wide financing structure designed to ensure the long-term stability, independence, and global competitiveness of Africa’s creative industries. The Álké Fund will invest strategically in four interconnected pillars that support Africa’s creative sovereignty.
Álké Ball is the brainchild of entrepreneur Lulu Shabell – Lulubell Group
To advance education and skills, Álké will create pathways for the next generation of creators, artisans, and entrepreneurs, ensuring that intergenerational knowledge is actively passed on rather than lost (which is also the mission of 54 Faces, an association co-led by Judy Sanderson). The institution will also focus on manufacturing and production capacity, strengthening local value chains, and accelerating innovation across both artisanal and industrial systems.
A first edition in Cape Town
Álké Ball will mobilise around archives, the preservation of craft expertise, and research: safeguarding African textile histories, indigenous knowledge systems, and craft techniques through documentation, conservation, and active use. Finally, the collective will work to develop African brands by promoting sustainable commercial growth, operational stability, and long-term international expansion.
According to Lulu Shabell and the pan-African collective, the fund is not merely a financial instrument. It is also a concrete response to decades of underinvestment in Africa’s creative and cultural industries. Its inaugural edition will take place in Cape Town, with subsequent editions rotating among Africa’s cultural capitals.
This article is an automatic translation. Click here to read the original article.
Louis Vuitton has named Grammy Award–winning artist Future as its newest ambassador, deepening the maison’s ongoing commitment to celebrating talent across cultural landscapes.
Louis Vuitton names Future as its newest ambassador. – Louis Vuitton
The Atlanta-born rapper, producer and composer continues to dominate the global music landscape. Most recently, he released back-to-back chart-topping albums, “We Don’t Trust You” and “We Still Don’t Trust You”, which became an international phenomenon and further cemented Future’s status as a cultural trailblazer. Over the course of his career, Future has earned 11 number-one albums and multiple chart-leading singles.
“Future embodies the core values of Louis Vuitton, including creativity, artistry, and a pioneering spirit that resonates with international audiences,” the maison said in a statement. “His unique style and creative vision make him an invaluable addition to the Louis Vuitton family.”
It’s not the first time Future collaborates with Louis Vuitton. He attended Louis Vuitton’s Men’s Spring–Summer 2026 show in Paris at the invitation of Pharrell Williams, a longtime friend and creative collaborator. Earlier this year, Future also appeared at the 2025 Met Gala, themed “Superfine: Tailoring Black Style,” wearing a custom Louis Vuitton grey quarter-zip ensemble layered with a tie, designed by Williams.
Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.
Rent the Runway
The New York-based firm said ending active subscribers grew 12.4% to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.
Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.
In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.
“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.
“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”
Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.
The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.
Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
Elisabetta Caldera, 55, has been named global chief people and organization officer for Chanel Ltd., succeeding Claire Isnard, 64, starting next month, the company told Bloomberg News in a statement.
Isnard is retiring after more than 17 years at the group, which had a workforce of around 38,400 employees last year. Caldera will join Chanel’s leadership team, reporting to Chief Executive Officer Leena Nair, and be based in London.
Caldera spent more than four years as global chief human resources officer at Aegon Ltd. where she was also part of the insurer’s executive committee. The Italian executive previously spent 17 years at Vodafone Group Plc in various HR roles until 2021 when she joined Aegon.
Under CEO Nair, the former head of HR at Unilever Plc, Chanel has been rebuilding the roster of top managers at the company as an older guard retires.
Chanel, known for its No. 5 fragrance, is privately owned by the billionaire brothers Alain and Gerard Wertheimer whose fortunes are estimated at about $43 billion each, according to the Bloomberg Billionaires Index.
The company, founded in Paris but headquartered in London, reports its financial performance once a year, generally around late May. Revenue fell 4.3% to $18.7 billion in 2024 on a comparative basis with operating profit sliding by almost a third partly due to heavy advertising spending and a rise in hiring.