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Business

New Look announces CVA, mulls sale despite new finance deal

New Look announces CVA, mulls sale despite new finance deal

Struggling UK fashion retailer New Look has proposed a second major restructuring of its store estate in three years, asking for turnover-based rent deals as part of a package of measures to ensure its survival.
Fashion
Retail
Coach, Kate Spade owner Tapestry helped by China recovery, but cuts costs

Coach, Kate Spade owner Tapestry helped by China recovery, but cuts costs

Tapestry Inc reported a smaller-than-expected quarterly loss on Thursday, as a recovery in sales in China and a tight lid on expenses helped it weather some of the impact of the COVID-19 pandemic.
Fashion
Business

Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

​American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
Fashion
Retail

Marimekko to restructure as crisis hits it hard

As Marimekko announced a 20% fall in sales, it also said it’s planning to restructure its ops. It blamed the pandemic, saying the “global fashion and specialty retail sector is facing the worst crisis in decades”.
Fashion
Business

Design

Fine art and face masks: London's Victoria and Albert Museum reopens

Fine art and face masks: London's Victoria and Albert Museum reopens

​Five thousand years of art and design history will be joined by some more modern items when London’s Victoria and Albert (V&A) museum reopens on Thursday - hand sanitiser dispensers and protective screens.
Fashion
Design
Virgil Abloh celebrates Mercedes-Benz G-Class anniversary with unique truck artwork

Virgil Abloh celebrates Mercedes-Benz G-Class anniversary with unique truck artwork

Virgil Abloh has a new collab, with an automobile, not a runway. The American designer is linking up with Mercedes-Benz with an unique artwork – to be auctioned for charity.
Luxury
Design

Supima planning digital version of its Design Competition in 2020

Supima, the cashmere of cotton, is taking its next design competition for emerging talent online, in honest recognition of the difficulty of social distancing in fashion today.
Lifestyle
Design

Christian Dior finds magic and roots in its cruise collection, but in Puglia not Paris

Dior unveiled a magically infused cruise collection on Wednesday night in the main square of Lecce in Puglia, the home region of the father of the house’s couturier Maria Grazia Chiuri. 
Fashion
Catwalks

Appointments

VF Corp appoints Winnie Ma as president, Greater China

VF Corp appoints Winnie Ma as president, Greater China

VF Corporation has appointed Winnie Ma as president, Greater China. She will report to Kevin Bailey, executive vice president & group president, APAC and Emerging Brands.
Fashion
Appointments
Adidas extends CEO Rorsted's contract for five years

Adidas extends CEO Rorsted's contract for five years

German sportswear firm Adidas on Tuesday said its supervisory board had extended the contract of Chief Executive Kasper Rorsted.
Fashion
Appointments

Herschel Supply names Brian White as senior VP, global sales

In the role, White will lead and augment Herschel's sales strategy across all global markets and will report to Lyndon Cormack, co-founder and managing director.
Fashion
Appointments

Foot Locker makes senior management changes on new organizational structure

Foot Locker announced on Thursday a new organizational structure, including several senior management changes, in an effort to foster greater agility and to elevate the customer experience.
Fashion
Appointments

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