Patrik Frisk, former Coalition President for VF Corporation Outdoor Americas division is set to exit the company to become Chief Executive Officer of footwear retailer Aldo Group. Frisk is set to succeed Aldo's current CEO, Rejean Dionne, who will retire from the company next month. “After over 10 wonderful years at VF Corporation, I have...
Oct 27, 2014
French luxury goods company Kering is to launch a sustainable partnership with the London College of Fashion. Writing in the Daily Telegraph, Kering CEO Henri-Francois Pinault said that the industry needs “successive generations to keep driving change”. The new partnership and curriculum being developed with LCF “will help shape the future of...
Former Diane von Furstenberg president, Paula Sutter has found a new challenge after her departure from the New-York based fashion label. Private equity firm TSG Consumer Partners has appointed Sutter Chief Executive Officer of TSG Fashion, a newly created role where Sutter has been tasked with building up the its fashion portfolio. Sutter will...
Luxury British label Burberry is to be honoured with a Rodeo Drive Walk of Style Award, which will see the brand immortalised on the fashion world’s answer to the Hollywood Walk of Fame. Launch in 2003 by the city of Beverly Hills and the Rodeo Drive Committee, the Rodeo Drive Walk of Style Award has previously been won by fashion designers...
US shoe retailer Boot Barn will be issuing its initial public offering of shares (IPO) this week. The move has arisen some positivism amongst investors and analysts in a moment were IPOs are either disappointing or just been cancelled last minute. Boot Barn (BOOT) is the largest retail chain focused entirely on US western and work-related...
The Italian Supreme Court on Friday overturned fraud convictions and 18-month jail terms against celebrated fashion duo Domenico Dolce and Stefano Gabbana, their company announced. "We have always been honest and we are extremely proud of this recognition by the Italian Court of Justice. Viva l'Italia," the two fashion house chiefs said in a...
North American department store giant Sears is to close over 100 of its stores. Many are expected to close before the holiday season, putting nearly 5,500 of its staff out of work, according to a Seeking Alpha report. At least 46 Kmart stores, 30 Sears department stores and 31 Sears Auto Centers are scheduled to close before the end of January,...
Oct 24, 2014
A Paraguay clothing store is leaving the pockets out of the chain's latest line of suits as a protest against corruption. "Let honesty be fashionable," advertisements for the anti-corruption suits read in the shops of Robert, a popular high-end clothing store in Paraguay's capital Asuncion. The pocketless "Ibanez" suit made by Roberto Espinola,...
Nike is hoping its womenswear sporting business will boost its revenue, as the company aims for a 2 billion dollar revenue growth in the next three years, taking the total to 7 billion dollars. The comments were made as Nike unveiled its spring/summer women’s collections, including performance and lifestyle products and digital services, in New...
Swiss luxury shoe and accessories company Bally launched their new concept store in London on Wednesday. The three-floor, 4,320 square foot Bond Street store is the first global store to offer Bally’s full menswear, womenswear, footwear and accessories collections, as well as new services including bespoke footwear. Other stores will follow in...
It has been ten years since Swedish fashion retailer H&M introduced its first designer collaboration with none other than Karl Lagerfeld, which forever altered the relationship between designers and high street fashion labels. “Inexpensive is not ‘cheap’ anymore, that’s why the luxury industry has to make an even bigger effort. I think all that...
Oct 23, 2014
Twitter is set to launch its 'buy it now button' to all organizations during the first quarter of 2015, making its first foray into e-commerce. Twitter debuted its buy button last month, testing it with a “small percentage of US users” and selected retailers, businesses and non-profit organizations. The button, which is available for users on a...
