On this episode we discuss the Fall / Winter 2026 season with the journalist Philippe Pourhashemi. We talk about nice clothes versus fashion, the trio of shows at Pitti Uomo, the increasing irrelevance of Milan, about auteurs like Rick Owens and Rei Kawakubo, who all delivered strong collections, why Sacai keeps going from strength to strength, why Dior and Louis Vuitton continue to disappoint, and much more. Eugene and Philippe offer contrasting opinions on Prada Saint Laurent, and Dries Van Noten, and also discuss the continuing appeal of smaller brands they saw at the showrooms in Paris; Mordecai being the standout for both.

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Intern Pierre (not his real name) is a professional investor who runs an eponymous Substack where he deftly dissects the smoke and mirrors put up by the luxury sector. His specialty is sharing access to privileged, investment grade information that lay people are usually not privy to. On his first ever podcast appearance we discuss the importance of reading a financial statement, on the insolvable paradox of exclusivity and constant growth, on the unraveling of the luxury fashion narrative, and much more.

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In this two-part episode Eugene Rabkin and Philippe Pourhashemi discuss this past season of many debuts, whether the so-called "great reset" was successful, and address two main narratives that are gripping the fashion media, the power and tact (or lack thereof) of the sideline fashion commentariat, and whether designers are out of touch with the needs of modern women.

In episode one Eugene and Philippe discuss New York, London, and Milan, the debuts of Demna at Gucci, Louise Trotter at Bottega Veneta, Simone Belotti at Jil Sander, and Dario Vitale at Versace (pronounced, Ver-says) and the democratization of fashion commentary. In episode two they talk about J.W. Anderson's first outing at Dior, Matthieu Blazy at Chanel, Duran Lantink at Gaultier, Glenn Martens at Maison Margiela, Miguel Castro Freitas at Mugler, and sophomore efforts by Michael Rider at Celine and Sarah Burton at Givenchy, among other shows. They also discuss the alleged misogyny on part of some designers.

It's a lot, hence why we broke up this podcast into two episodes. Substack and Patreon subscribers will have access to both parts early and at once. Consider becoming a paid subscriber; your contribution supports independent fashion journalism, or you can read another article about Kylie Jenner.

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