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That’s all about LVMH in the US.In a move that shocked many in the fashion industry, Judge Jennifer Rochon of the Southern District of New York on Thursday ruled against the $8.5 billion merger of Coach parent company Tapestry and Michael Kors owner Capri Holdings. I stopped it. The preliminary injunction, issued after seven days of testimony last month, was filed by the Federal Trade Commission to block a coalition of three major companies: Coach, its sister brand Kate Spade, and Capri’s Michael Kors. won the lawsuit. as an “accessible luxury” market.”The court finds that the merging parties are close…
Like many South Asians, I’m not alone in looking forward to Diwali every fall. Diwali, also known as the festival of lights in India, brings back a lot of memories. The clay candles and marigolds dotted around my grandmother’s house, the nights filled with Bollywood music and fireworks, the piles of jewelry I borrowed from my mother’s cupboard. Even as an adult, I counted the days every year, and I still do. The festival, a time that symbolizes the triumph of good over evil, literally permeates the homes and streets of India and the vast South Asian diaspora. And this…
Europe wants to clean up its growing surplus of textile waste, driven by increased consumption of low-value fast fashion. Some say the market is collapsing under stress.On Monday, Europe’s two main recycling organizations issued a stark warning. They said the sector was facing an “unprecedented crisis, even more severe than during the coronavirus pandemic.” According to the group, since spring, the price of sorted used clothes has become cheaper than the processing cost. Without support, the industry would face “widespread bankruptcy”, they said.The rag trade is under attack from many directions. Wars in Ukraine and the Middle East have disrupted…
Fashion Trust Arabia, a foundation dedicated to providing business development support to designers in the Middle East and North Africa, on Thursday awarded cash prizes and mentorship to seven up-and-coming designers from the region.Nadine Mosallam, an Egyptian born in Kuwait and raised in Dubai, won the ready-to-wear award. Eveningwear is by Qatar-based Yasmin Mansour. Accessories are Reem Hamed from Egypt. and the Saudi trio Noura Abdulaziz Al Saud, Sarah Naif Al Saud, and Mashael Khalid Al Saud, who run the jewelry label APOA (A Piece of Art).Winning designers in these four categories will each receive grants ranging from $100,000 to…
Listen to article 4 minutes This audio is automatically generated. Please let us know if you have any feedback. Editor’s note: This story has been updated with comment. The Federal Trade Commission has won a lawsuit blocking the planned merger of Tapestry Inc. and Capri Holdings Inc., an FTC spokesperson confirmed to Fashion Dive on Thursday. Tapestry and Capri Holdings plan to appeal, the companies said in separate press releases after the decision. The $8.5 billion merger would combine Tapestry’s Coach, Kate Spade and Stuart Weitzman brands with Capri’s Michael Kors, Versace and Jimmy Choo brands. The deal would have…
When naming the best-dressed players in the NFL, many fans and fashion enthusiasts look to celebrities like Philadelphia Eagles quarterback Jalen Hurts, New York Giants quarterback Tyrod Taylor, and Baltimore Ravens receiver Odell Beckham Jr. may be mentioned. Cleveland Browns linebacker Jeremiah Owusu-Koramoah is quickly becoming a fashion icon both on and off the field. He celebrates his African heritage and is making waves with his unique culturally inspired style. Threads of Heritage: Cultural Expressions of Jeremiah Owusu-Koramoah Photo: @owu3.0/Instagram Born in Hampton, Virginia in 1999 to a Ghanaian father and an American mother, Owusu Koramoah is on a mission…
For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more details FatFace digital director joins AllSaints FatFace digital director and Drapers 30 Under 30 alumnus Liam Price has joined AllSaints as global ecommerce director. Former FatFace COO named JoJo Maman Bébé interim CEO Mark Wright, the former chief operating officer at Fat Face, has been named interim chief executive at premium maternity and childrenswear brand JoJo Maman Bébé. Boohoo Group CEO exits as it agrees debt financing deal Boohoo Group has signed a new £222m…
The power of data was a key theme at the ASBCI conference with fashion industry being told it needs to “get its act together and capture good quality data” to ensure machine-learning models deliver value. Credit: ASBCI. Major brands and retailers as well as AI experts and early adopters attended ASBCI conference to explore how new technologies, including Ai can be used to address the fashion industry’s most pressing challenges. CEO and co-founder of Hyran Technologies Dr Ahmed Zaidi opened the conference with a cautionary note. He said: “AI amplifies existing systems. Is this the system we want to amplify?”…
The creative industry in Nigeria is a world unto itself. It’s a shameless, irrational ecosystem with cult-like following, unbridled passion, and a foolish belief in the power of community. The fashion scene is no exception. Fashion, in its purest form, is about storytelling. And here, through stubborn resilience, our stories can be told and the world can take notice and make us known for who we are on the global stage. As October marks the fashion season in most parts of the world, Lost in Lagos Plus Magazine has partnered with Lagos Fashion Week to capitalize on its latest releases,…
Good sport: The fashion world’s love affair with sport, which turned hot and heavy during the Paris 2024 Games, remains strong and even attracts a dedicated publication. Carine Roitfeld and her son Vladimir Restoin Roitfeld, CEO of CR Fashion Book, have appointed Dwyane Wade as the first guest editor of the yet-to-be-named venture, which will launch in the first half of 2025. It will feature a biennial magazine for men and women, as well as what CR describes as a “multidisciplinary platform,” including e-commerce, exclusive brand collaborations, capsule collections, and product drops from athletes and designers. It’s all-encompassing. Content includes…