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Celine: Amid a deluge, Michael Rider debuts with poise and panache

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In a year of debuts, this July’s key new entry was Michael Rider at Celine, where before a tightly edited audience inside the company HQ, the American presented an excellent collection of great poise and panache.

Celine spring/summer 2026 collection in Paris – FashionNetwork.com

The house closed a whole block at 16 rue Vivienne, where Celine is based, and left scores of bicycles outside bearing new versions of the straw bags that Celine has made this summer’s hit tote. But instead of a summer idyll, the heavens opening in a deluge just as the show began.
 
Rider’s invitation played on heritage with a fine silk foulard that many guests wore to the show. Inside the mansion HQ’s courtyard, the seating was done in mock sandstone cut into the giant double C that Rider’s predecessor Hedi Slimane had made into such a cult logo.  A giant silk scarf – in a belt, tassel, ribbon print – hung above guests. It would have been ideal to block out the sun on a blue sky day, but was utterly useless at keeping out the rain, sadly.

Inevitably, there was a sense of restoration about the show, since Rider had spent nine years working at Celine during Phoebe Philo’s tenure as creative director before he departed shortly after the arrival of Slimane. Michael then went on the become the creative director of Ralph Lauren Polo for six years.
 
His opening looks were all elegant yet kicky: a double-breasted bolero with sporty harem pants; the first of many tech-y pencil pants paired with a hacking jacket cut for a toff; or mannish pleated pants worn with black cashmere twin set finished with contrast white buttons.

Celine spring/summer 2026 collection in Paris
Celine spring/summer 2026 collection in Paris – FashionNetwork.com

Everything dramatically accessorized – multiple golden and signet rings; elaborate chains in a multitude of links; peppers in various shapes done in primary blue, red or green.

In a co-ed show, Rider dressed guys in power-shoulder jackets; giant rugby jerseys though made of cashmere;  a whole series of stretch nylon legging jodhpurs – that riffed on elements of Hedi’s Celine skinny silhouette. And a rather divine dandy in parachute pants and white knitted top featuring a gent, horse and carriage, playing on the brand’s equestrian heritage. Another reason this felt like a hit show – it was fresh, yet familiar.
 
Clearly at ease with the brand’s whole cosmopolitan Parisian look, Rider took plenty of risks, from a little black dress made of thousands of gold lettered labels or the cherry red drop shoulder varsity jacket cut cocoon style, or a micro lambskin rocker jacket, with one Centurion-worthy sleeve made of gold chains.
 
“I love where something useful and real meets something incredibly fascinating. That’s what’s interesting about coming back to Celine, turning around what the house is,” explained the quietly spoken Rider post-show.
 

Celine spring/summer 2026 collection
Celine spring/summer 2026 collection – FashionNetwork.com

“Celine stands for quality, actuality, style and timelessness…” was the Washington-raised designer’s definition of Celine, before adding: “So, we were thinking as much about the beginning of the company, as the nine wonderful years I was here, and then the last six years… Part of what I would like to do is let it breathe again.”
 
Celine was founded by Céline Vipiana in 1945, growing to become a well-respected niche brand noted for its spruce French style. In 1987, LVMH acquired Celine and began installing name designers, notably Michael Kors in 1997. Though the brand accelerated both critically and commercially after the appointment of Philo in 2008. Subsequent to her departure, hardcore fans known as “Philophiles” largely rejected the sharp-eyed rock-n’roll attitude of her successor Slimane. Some clients even staged mock restoration lunches, even as Hedi staged his first show for the house behind Napoleon’s Tomb.
 
So, today felt rather like ending a schism, presented on a wet Sunday, to capitalize on editors and clients being in Paris for haute couture, whose season begins Monday.

And ending the rift with dazzle, for this was the most colorful collection by Celine this critic has seen in 35 years.

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Next eyes Russell & Bromley as latest buy – report

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December 15, 2025

Retail giant Next has been a major acquirer of brands in recent years and a report claims that premium footwear chain Russell & Bromley is now on its shopping list.

Billie Piper for Russell & Bromley

Next either owns or has majority stakes in Reiss, FatFace, Joules, Cath Kidston, Made, Laura Ashley’s homewares and more. But while it has a big war chest for acquisitions, it’s not the only company targeting Russell & Bromley.

Sky News reported that the 145-year-old family-owned footwear and accessories is courting investors and Next is one of several parties in talks with Russell & Bromley’s advisers about a deal. None of the other potential buyers have been identified.

Russell & Bromley confirmed this autumn that it had appointed advisory specialist Interpath to look at funding options for the business.

In October, CEO Andrew Bromley said: “We are currently exploring opportunities to help take Russell & Bromley into the next phase of our ‘Re Boot’ vision. Since the announcement of the ‘Re Boot’ earlier this year we have made significant progress, positioning us well to build on our momentum and continue along our journey. We are looking forward to working with our advisory team to secure the necessary investment to accelerate our expansion plans.”

The company has stores and concessions in the UK and Ireland and is led by Bromley, who’s from the fifth generation of his family to run the chain.

Earlier this year, he oversaw the launch of a five-year turnaround plan focused on “refining the brand proposition, elevating the product offering, streamline operations and fuel market expansion at pace”.

In September, the change of approach could be seen when the company launched a quirky campaign fronted by pop star-turned-actress Billie Piper. It was overseen by creative director Daniel Beardsworth-Shaw (who joined as the brand’s first CD in 2024) and was an unusual move for the label that’s not previously been known for its celebrity ambassadors or surreal campaign concepts.

In its last accounts, covering 2023, the company reported turnover down to just under £40 million from almost £45 million. EBITDA was a loss of £3.2 million after a narrower loss of £404,000 the year before. And the loss after tax was £6.9 million, also wider than the loss in the prior year of £4.6 million. The company didn’t share any details about what had gone wrong.

Those accounts were filed in early November 2024 and its next filing (covering 2024) is due before the end of this year.

Whether Next or another business buys it or takes a stake (it’s unclear which option the controlling family favours) will clearly have big impact on its future direction. Next already has a strong track record in the premium sector in which Russell & Bromley operates with its stewardship of Reiss.

Next declined to comment on the Sky News story, and both Russell & Bromley and Interpath couldn’t be reached.

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Hermès reclaims top spot for bag resale value retention in 2025, according to Rebag report

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December 15, 2025

Rebag’s Clair report, which studies the value retention of bags on the resale firm’s platform, said Hermès has reclaimed the top position in 2025, reaching an average 138% value retention—a 38% year-over-year increase.

Rebag

The New York-based Rebag’s report also said that a ten-year analysis of Birkin data shows resale values have surged 92% since 2015,  outpacing Hermès’ own retail price growth of 43%.

Behind Hermès, Goyard logged 132% retention in 2025, up 28% from 2024; The Row recorded 97% value retention, while Miu Miu climbed to 104% average retention, according to the report.

In fine jewellery, Van Cleef & Arpels extended its lead, with 112% retention led by the Sweet Alhambra collection, while in the watches category, Rolex remained steady at 104%, with standout models like the Submariner Hulk reaching 244% of their original retail price. Comparatively, Cartier witnessed 87% retention.

Louis Vuitton x Takashi Murakami‘s return boosted search demand and pushed top styles above 130% resale value, the report added, while
renewed interest in Balenciaga‘s Le City, Celine‘s Phantom, and Chloé‘s Paddington saw an increased demand for early-2000s bags.

Rebag’s 2025 Clair Report, which analyses millions of data points across the primary and secondary markets to reveal the brands, styles, and investment opportunities shaping the luxury landscape, said that 
global tariff shifts and changing consumer behaviours have made 2025 a “defining year for luxury resale.”

“Higher primary prices pushed more consumers to the secondary market, reaffirming its stability. The 2025 Clair Report highlights the brands demonstrating lasting long-term value,” ​said Charles Gorra, CEO and founder of Rebag. 

In June, Rebag reported its launch on Luxury Stores at Amazon, bringing its pre-loved designer handbags, jewelry, watches, and more to the platform. 
 

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Lululemon CEO exit sparks hopes of reset at athleisure pioneer

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December 15, 2025

Lululemon Athletica’s CEO shake-up has put the spotlight on the once-dominant yoga pants maker’s race to wrest back younger and affluent shoppers from rivals and revive its sagging U.S. business.

Calvin McDonald – Reuters

Its shares, which have halved in value this year, rose 10% on Friday following the departure of CEO Calvin McDonald after about seven years in the role.

An athleisure pioneer known for its premium yoga apparel, Lululemon lost ground as newer rivals such as Alo Yoga and Vuori weaned away its core younger shoppers with trendier styles, marketing campaigns and celebrity partnerships.

Meanwhile, established players like Nike and Gap also entered the market with lower-priced styles.

Lululemon “caught the perfect wave in fashion, becoming the trend for the last five years,” said Brian Mulberry, senior client portfolio manager at Zacks Investment Management.

“But as its core customers graduate college and face tighter budgets, affordability is a challenge and a new outfit at Lulu can cost as much as a month’s groceries.”

Lululemon sells a range of yoga, running and training apparel such as Align yoga pants priced at $108 and men’s joggers at $128.

The slow refresh to core styles and product missteps, such as its decision to pull its $98 “Breezethrough” leggings from shelves last year, have led to heavy discounting to clear aged inventory.

At an earnings call late on Thursday, company executives said the board is “focused on a leader with experience and growth and transformation”.

“It’s understandable to think that a strategic overhaul with a new leader at the helm will be a positive, but this opens the door to more questions as to what direction the board will go with a replacement,” said Jay Woods, chief market strategist at Freedom Capital Markets.

Lululemon is the latest global consumer company facing leadership churn as macroeconomic uncertainty fuels increasingly divergent spending patterns.

Lululemon is making efforts to speed up product development, launch fresh styles and drive company-wide efficiencies to offset cost inflation and protect margins.

The company beat third-quarter results, lifted by strong China sales, but issued a weaker-than-expected holiday forecast as higher promotions and increased spending on marketing weigh on margins.

Founder Chip Wilson, who is also Lululemon’s largest independent shareholder, in a statement on Friday slammed the board for “poor succession planning” and value erosion.

He called for an urgent CEO search led by new, independent directors with deep company knowledge to restore a product-first focus.
Lululemon did not immediately respond to a Reuters request for comment on Wilson’s statement.

The company’s forward price-to-earnings multiple, a common benchmark for valuing stocks, is 14.66, compared to 31.26 for Nike and Abercrombie & Fitch‘s ratio of 10.8, according to LSEG data.

“The main challenge I foresee for the new leadership is not how consumers see Lulu, but how does it see itself?” said Mulberry.
 

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