Articles by Rachel Douglass
LVMH sells Thomas Pink to CP Brands Group and Icon Luxury Group
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New York based firms CP Brands Group and Icon Luxury Group have announced the acquisition of British clothing brand Thomas Pink from its former parent company, LVMH. The deal was described by the two groups in a press release as a “joint partnership” that aims to “usher in a bold new chapter for the Thomas Pink brand”. Commenting on the move,...
Kering confirms tax authorities talks regarding Alexander McQueen probe
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Kering is believed to have confirmed that it is currently negotiating with Italian tax authorities to settle a tax probe on Alexander McQueen. The company responded to a report by Reuters–which cited sources with knowledge on the matter–that stated Florence-based prosecutors had opened up an inquiry for omitted tax declarations for the years...
L.L. Bean carries out second round of layoffs this year
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US footwear company L.L. Bean has initiated what is now its second round of layoffs for this year. According to various media reports, this latest move will impact between 50 and 75 people, accounting for 3 percent of the company’s Maine workforce. A spokesperson for L.L. Bean told media outlets that "fluctuating retail landscapes” and a need to...
PrettyLittleThing CMO reportedly steps down
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Nicki Capstick, the chief marketing officer of PrettyLittleThing, is believed to have stepped down from the fast fashion e-retailer. The reason for Capstick’s departure was not given in the report of Drapers, which initially revealed the news. Capstick first took on the CMO role in July 2023 amid a number of leadership shifts carried out upon...
Activist investors call for change at Macy’s, retailer responds
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Two activist shareholders of Macy’s have called on the US department store giant to make a number of changes to its structure, including a possible sale of Bloomingdale’s, after it delivered “limited sustainable improvements” to operating results. In a press release and presentation addressing the retailer, Barington Capital Group LP and Thor...
Bee Inspired names Josh Hughes creative director
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Menswear label Bee Inspired has announced the appointment of Josh Hughes as its new creative director. Hughes joins the company from ESL Faceit Group, where he had been head of merchandise design. Prior to this, Hughes had served as head of design at Lyle & Scott for over one and a half years, after previously working as a senior designer at the...
In Pictures: Another Tomorrow opens first flagship in New York
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Eco-conscious brand Another Tomorrow has unveiled its first flagship store in SoHo, New York, marking a "significant milestone in the brand’s journey towards modeling a more resilient future for fashion”. The luxury label said that the store intends to offer a “physical manifestation of the brand blueprint for the fashion of tomorrow”, housing...
Jil Sander expands into fine jewellery category
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OTB-owned Jil Sander has stepped into the Fine Jewellery business with the launch of its first collection in this category as part of what has been described as a “strategic extension”. It marks the first brand in the OTB portfolio to explore Fine Jewellery, and intends to provide further styling opportunities for the Jil Sander customer while...
Juicy Couture returns to UK retail scene with London store opening
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Casualwear brand Juicy Couture is making its return to the UK’s physical retail market with the opening of a new store at Westfield Stratford City in London. The 1,200 square foot space draws inspiration from former Juicy Couture stores, incorporating its signature graffiti-like artwork and neon lighting with modern elements such as a metallic...
Helsinki Fashion Week goes feather-free
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Finland’s Helsinki Fashion Week has joined a growing number of fashion-related events denouncing the use of feathers on its runway. According to the People for the Ethical Treatment of Animals (PETA), the fashion week’s founder, Evelyn Mora, has signed the organisation's Feather-Free Pledge, through which she has promised to no longer allow...