Stavros Karelis, founder of the London-based retailer Machine-A, is driving the Onassis Foundation's entry into the fashion sector. The initiative marks the foundation's first move into fashion, with Karelis at the helm of the project.

The flagship project under this effort is Six Rings, which is set to open in December in Athens. The launch comes as the Greek capital is experiencing fresh cultural momentum, alongside an influx of wealth.

Karelis has framed the venture around what the headline describes as "cultural-retail," positioning the December opening of Six Rings as the foundation's central fashion project in Athens.

Sources: The Business of Fashion.