Fashion and Style

Why 1997 Was Fashion’s ‘It’ Year

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PARIS — Was 1997 a watershed year for modern fashion? Next week, at the Palais Galliera museum, a new blockbuster exhibition will make the case that the year was both a high point of 1990s fashion — a current focus of nostalgia — and the gateway to the millennium.

With dozens of looks, the show “1997 Fashion Big Bang” charts some of the most seismic designer moves at French fashion houses; the revival of couture; and the collections that have become definitive reference points for the industry, including Comme des Garçons’ Body Meets Dress, Dress Meets Body and Stockman by Martin Margiela.

“Historically, big years for fashion have been hooked to a single event — think 1947 for the New Look by Christian Dior,” said Alexandre Samson, the exhibition’s curator. “But by our count, 1997 had 50 explosive moments, 38 of which are included in the show.”

Ahead of the opening on March 7, here are five events from 1997 that each had an impact on fashion — forever.

Mr. Versace had styled many of the world’s best-known women, including Diana, Princess of Wales, who appeared in Vanity Fair magazine that year wearing a dress from what would be his last collection. Six weeks later, she, too, would be dead, killed in a car crash just a short walk from the site of the new exhibition.

1997 marked 10 years since the formation of Louis Vuitton Moët Hennessey — better known as LVMH — by Bernard Arnault, whom Forbes named the world’s richest man earlier this year but who then was relegated to No. 2 when Elon Musk recaptured the top spot. Nicknamed the “Wolf in Cashmere” for his ruthless approach to acquisitions, Mr. Arnault spent the 1990s steadily building what would eventually become the largest luxury goods group by sales, amassing brands like Givenchy, Celine and Loewe to add to a stable that already included Louis Vuitton and Dior.

He was also prepared to ruffle feathers outside the boardroom, appointing a string of young British and American designers to the top spots at prestigious French fashion houses, such as Mr. Galliano to Dior and Mr. McQueen to Givenchy, as well as Michael Kors to Celine, Narciso Rodriguez to Loewe and Marc Jacobs to Louis Vuitton (the trunk maker had never done clothes before).

The 1990s saw the birth of the “It” bag phenomenon, in which handbags from top fashion brands — with price tags that could be confused with ZIP codes — became a cornerstone of the global luxury business thanks to their chunky profit margins.

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