Is the fashion industry finally coming to grips with planned, unhurried succession strategies for its famous creative leaders? WWD broke the news on Tuesday that Dries Van Noten is stepping down in June after nearly four decades in fashion — and a glorious, slow-building fashion career. His last show in his current role will be … Read more
Michael Michael Kors has hit the refresh button. As the second brand celebrates its 20th anniversary, the company has introduced both an elevated product offering and new creative direction for its spring ad campaign. Ads were photographed by Mert Alas under the creation direction of Trey Laird and were styled by Alex Harrington. Shot in … Read more
Versace should be the Mount Olympus of power babes living in loud luxury with a classical twist. But the fall 2024 collection was so packed with ideas and product — not all entirely rich looking — that the brand message was muddled. Donatella Versace said she was thinking about a rebel with a kind heart, … Read more
Oscar de la Renta — one of America’s most iconic designer labels that has dressed numerous first ladies, celebrities, socialites and been there when many brides have said “I do” — is now considering making its own connection. Three sources said the company is working with the European investment bank Rothschild & Co., fielding interest … Read more
The megadeal to bring together Tapestry Inc. and Capri Holdings and build a $12 billion giant should come into focus just a little more this week. While it’s still not clear exactly when the transaction will close, both the acquirer (Tapestry) and the acquiree (Capri) will report quarterly results on Thursday. Before Joanne Crevoiserat, chief … Read more
The investment landscape for fashion and consumer companies has see-sawed dramatically over the past few years, tipping from a growth-at-all-costs mentality to a laser focus on the bottom line. While the new emphasis is welcomed by many, it’s also prompting companies to reprioritize, reposition and maybe even merge to compete. Enter investment adviser M. Klein … Read more
Last summer’s surprise deal to bring together Tapestry Inc. and Capri Holdings and create a fashion group with more than $12 billion in sales is about to become a reality. The transaction is set to close this year, putting Tapestry’s Coach, Kate Spade and Stuart Weitzman brands and Capri’s Michael Kors, Versace and Jimmy Choo … Read more
