Hot on the heels of its investment in luxury resale platform Fashionphile, the Neiman Marcus Group announced on Tuesday that it is considering a possible sale of profitable Munich-based fashion e-tailer MyTheresa.
Tom Ford will be the new chairman of the Council of Fashion Designers of America. He succeeds Diane von Furstenberg, who steps down from the position after a 13-year run, to become the 11th face of the leading role.
Having reported over 26 billion euros in annual sales this week, Inditex has a strategic opening for its Zara brand lined up for Friday, when it will unveil a 2,100-square-meter flagship in New York's Hudson Yards.
Kate Spade New York is among the latest brands preparing for their Hudson Yards debut, with the label set to open its newest boutique – a retail embodiment of Nicola Glass' new vision for the brand – on Friday.