San Francisco-based fashion group Gap Inc. confirmed on Thursday that company veteran Nancy Green has been appointed as the permanent president and CEO of the Old Navy brand.
Wednesday, 7 October 2020
The longtime stylist to Jay-Z and Missy Elliott, June Ambrose, is bringing her talents to Puma in a new creative partnership with the brand. Puma announced on Monday Ambrose will work on the design for Puma’s women’s and girl’s lines with the first collections expected to be released in summer 2021.
Levi Strauss & Co announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit. Shares of Levi climbed 10% in extended trading on Tuesday after the company said it would sell its Red Tab jeans collection at 500 Target Corp stores by the fall of 2021, up from 140 currently. Levi also launched its products at some Dick's Sporting Goods stores.
Many analysts had expected apparel makers to take a hit from coronavirus-driven closures of several department stores, but Levi now plans to open new stores and invest in its margin-driving online business, which grew 52% in the third quarter.
Macy's has become the latest investor in Swedish online payment company Klarna and has entered into a five-year partnership to offer Klarna's 'buy now, pay later' payment method to its customers. The value of Macy’s investment was not disclosed. As an investor, Macy's joins other Klarna investors including Silver Lake, Ant Group, and Snoop Dogg, among others.
Monday, 5 October 2020
Rihanna's beloved lingerie brand Savage X Fenty has revealed its expansion into men's underwear. The range of men's pieces, released as part of Savage X Fenty's fall/winter 2020 collection, includes boxers, robes, trunks, and pajamas. Offered in styles meant to be gender-fluid, and colors including royal blue, black, and red, the men's loungewear and underwear were designed in collaboration between Rihanna and Christian Combs, Sean 'Diddy' Combs' son. Previously during the brand's 2019 show, Combs made an appearance in custom, not-for-sale Savage X Fenty.
Lots of results announcements have been delayed this year due to the coronavirus crisis and when they come out they, often seem to come from another era. So it was with Mulberry on Monday, which released preliminary results for the year ended March 28, with the figures containing only a tiny coronavirus impact. But the luxury leather goods specialist also included a current trading update and said that trading since the start of the current financial year (which included the full impact of the pandemic) is ahead of its early expectations.
The French fashion community mourned the passing of designer Kenzo Takada, who died of coronavirus this weekend, with an outpouring of grief, marks of respect, and multiple homages on social media. Kenzo passed away in the American Hospital in Neuilly-sur-Seine on Sunday morning. He was aged 81.
Next January, Converse will introduce to the market its new collection of eyeglasses and sunglasses. The Nike-owned American sneakers brand has signed a licensing deal for its eyewear with optics giant Marchon Eyewear. The deal covers the development, worldwide launch, and distribution of 16 sunglasses models and 43 eyeglasses frames, whose style will be inspired by the US brand's heritage, and especially by the most renowned, iconic Converse sneakers, like the Chuck Taylor All Star and the Pro Leather. Converse's eyewear line will incorporate the brand’s distinctive design features, like the All-Star label and the Star Chevron logo.
Saturday, 3 October 2020
Walmart is to sell its UK supermarket chain Asda to a consortium comprising private equity group TDR Capital and the founders of petrol station operator EG Group. The purchase price is £6.8 billion ($8.8 billion).
Emilio Pucci has presented its new face. Deprived of a creative director since 2017, the Italian luxury brand had been searching for its identity for several seasons, relying on a very young in-house creative team while simultaneously exploring collaborations. In February, Pucci strengthened its studio with the arrival of a new head design with strong experience including at M Missoni, Max Mara, Chloé, and Nina Ricci, etc. and the results were swift.
The Vampire’s Wife, the moodily romantic fashion brand led by Susie Cave, has teamed up with Swedish fast fashion giant H&M for a collection that will bring the label’s gothic glamour to the high street just in time for Halloween.
Google's bid to win EU approval for its $2.1 billion (£1.62 billion) purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday.
Thursday, 1 October 2020
Few designers in history have been as written about as Coco Chanel, who founded the single largest luxury fashion house in the world and whose name is an international byword for elegance and style. Remarkably, however, in an era when the best attended exhibitions in the world’s greatest museums are devoted to fashion, and fashion designers, there has never been an exposition solely devoted to Coco’s work. That changed on Wednesday night, with the opening of "Gabrielle Chanel.
Kerby Jean-Raymond is showing no sign of slowing down in 2020. Earlier this month, the designer, who is actively involved in a number of social causes, particularly the Black Lives Matter movement, launched a design and innovation platform called "Your Friend in New York" with the support of Kering, and now the Haitian-American designer is taking on new responsibilities at Reebok: the Pyer Moss founder is becoming vice president of creative direction at the Adidas-owned brand.
Sweden's H&M has been fined 35 million euros (31.9 million pounds) by the German authorities for internal data security breaches at its customer service center in Nuremberg, the fashion retailer said on Thursday.
As Covid-19 continues to cast its shadow over the fashion industry, brands are looking to adapt and find new ways to launch their collections. Acne Studios took advantage of the necessary smaller audience size and presented an experimental and fresh collection through an art installation in the French capital.
Vancouver-based retailer Duer is setting its sights on the American market with the opening of its first-ever U.S. retail location in Denver, Colorado. Opening early October, in the River North Art District, space will span over 1600 square feet, and will house the company’s expansive range of technical performance wear, including top-sellers like performance denim and the No Sweat and Live Lite collections.