Parade, the buzzy, Gen-Z-founded intimates start-up, announced on Tuesday that it is set to be acquired by Ariela & Associates International, which owns the licence to Fruit of the Looms’ bra line. Terms of the deal were not disclosed. Parade will use its new parent company’s resources, including design and forecasting, to further sales growth...Read More
The entire MR team is proud to present our August 2023 issue. Haven’t gotten your copy, yet? Feel free to page through a digital copy at Issuu, and we’ll continue to post individual stories on MR-mag.com. If you haven’t been getting MR in print, be sure that you are on our mailing list for future issues...Read More
Shein’s mysterious algorithms have landed at the centre of a headline-grabbing new lawsuit against the fast-fashion juggernaut. Last week, three artists filed a complaint in a California federal district court accusing Shein of such rampant intellectual-property theft it amounts to racketeering. In their view, Shein is liable under the civil portion of the Racketeer Influenced...Read More
Many maintain that thanks to the internet, it’s easier to launch a brand today than it was years ago. Yet with success stories few and far between plus rapidly rising costs for customer acquisition online, numerous D2C brands are now looking to strengthen wholesale. HyperNatural’s Chris Kolbe, after just one season, reports a 50/50 balance...Read More
Consumer shopping habits were undoubtedly altered by the COVID-19 pandemic as more people purchased goods online to avoid coming into contact with people who may have been infected by the potentially deadly virus. But as life returns to normal and inflation eases, consumers are again shopping at brick-and-mortar stores. Core retail sales increased 0.6% in...Read More
In the two-plus years since acquiring Tiffany in a $16 billion blockbuster deal, LVMH has gradually revealed its plans to remake the brand from the bottom up. There was the Beyoncé and Jay-Z campaign, the “Lock” fine jewellery collection and the recently reopened flagship designed to please window-shopping tourists and high rollers alike. Now, change...Read More
Fashion brands are hiring two types of creative director these days: A-list celebrities and complete unknowns. No grey area. Consider that, within mere days of each other in late May 2023, both Bally and Ann Demeulemeester hired relatively anonymous designers to fill their creative director roles. Bally swapped RHUDE founder Rhuigi for Gucci vet Simone...Read More
Who’s in, who’s out, who’s been promoted and hired — FN covers all the industry changes in one place. Know of an executive on the move? Tell us at web@footwearnews.com. May 10, 2023: VF Corporation has announced new leadership promotions to its EMEA brand leadership team. Andreas Olsson, who previously served as general manager of...Read More
