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Fri, January 19, 2024 - Newsletter N°3558
Paris menswear Thursday: Yohji Yamamoto Homme and Dries Van NotenParis menswear Thursday: Yohji Yamamoto Homme and Dries Van Noten

Two exemplary designers and independent thinkers staged consecutive menswear runway shows Thursday evening in Paris, in powerful reminders of how this is turning out to be a vintage season for men’s fashion. 

LVMH Fashion Group: handover from Michael Burke to Sidney Toledano

Bernard Arnault had previously announced the departure of Sidney Toledano from the group's fashion and leather goods brands. As expected, Michael Burke is taking over.

Macy’s is cutting about 3.5% of workforce and closing five stores

Macy’s Inc. is laying off about 3.5% of its workforce ahead of the departure of longtime Chief Executive Officer Jeff Gennette, as the department-store operator retrenches amid lower demand. 


Business
Safilo and Levi Strauss extend licensing deal until end-2029

Italian glasses maker Safilo and U.S. denim clothing maker Levi Strauss & Co have extended a licensing deal for Levi's-branded eyewear until the end of 2029, the two companies said on Thursday.

Adolfo Domínguez incurred loss of 2.7 million euros in the third quarter, but increased sales by 13.2%

Over the nine months spanning from March to November, the Galician company amassed a cumulative revenue of 83.8 million euros.

TrusTrace completes major funding round

​TrusTrace has announced a new funding round with the business benefitting from a $24 million growth injection from new and existing investors.

Frasers buys more of ASOS and Boohoo

​Forget rumours about what Frasers Group may or may be thinking of buying. We know that it’s definitely buying more of two underperforming online retail giants, ASOS and Boohoo.

MyTraffic acquires Spanish competitor Geoblink

MyTraffic, a specialist in traffic analysis for retail outlets, has announced the acquisition of Spanish company Geoblink for an undisclosed sum, to create a "European leader in geospatial intelligence".

Watches of Switzerland shares plunge on weak update

​Watches of Switzerland Group (WOSG) saw its shares falling over 28% on Thursday morning after it released a trading update that investors clearly didn't like.

Retail
Asics, Ugg, and Arc'teryx shine in 2023: StockX report

StockX, the leading online marketplace for sneakers, streetwear, electronics, and collectibles, has unveiled its annual report, highlighting key milestones in 2023 for brands such as Asics, Ugg, and Arc'teryx. 

Marrow Fine opens Chicago showroom

Fine and bridal jewelry brand Marrow Fine is set to open on Saturday a new showroom in the Gold Coast neighborhood of Chicago.

Industry
In 2023, China witnessed one of its most sluggish economic growth rates in three decades

In 2023, China experienced its weekest growth in three decades outside of the COVID-19 period, just as a crisis in the real estate sector and economic uncertainties undermined the recovery for the nation.

Catwalks
Men hold sway in Paris with LGN, Walter Van Beirendonck, Bluemarble

Louis Gabriel Nouchi’s austere elegance, Walter Van Beirendonck’s exuberance, Bluemarble’s chic street style: menswear showed plenty of panache on the Parisian runways on Wednesday, on the fashion week’s second day.

Homme Plissé: Into the Wilds of Creativity with Ronan Bouroullec

Homme Plissé from Issey Miyake collaborated with the great French design master Ronan Bouroullec this season and the result was an unexpected and jubilant collection.

Design
NMG and FSF announce 2024 scholarship recipients

This marks the second consecutive year that NMG is supporting 10 collegiate scholars on their journey towards making a positive impact on the fashion industry.

Campaigns
MCM unveils SS24 campaign with Cara Delevingne

German luxury fashion house MCM introduced on Thursday its Spring/Summer 2024 campaign dedicated to the free-spirited style "mavericks" of today. 

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