PARIS — Financière Agache, Bernard Arnault’s main holding company, said Thursday it plans to convert into a limited joint-stock partnership in a move designed to hand control of the entity to his five children. Following the conversion, the control of Agache will be exercised by its general partner, Agache Commandité SAS, the share capital of which […]
Men’s trade show Project made its New York return this week after being placed on paused for the last two years due to COVID-19. For its Big Apple return, the trade event, owned by Informa Markets Fashion, moved from its home at the Jacob K. Javits Convention Center in Midtown West to the smaller, Iron23 […]
An Amazon warehouse employee died on the job during the e-commerce giant’s big two-day, $12 billion Prime Day event. An unnamed male worker passed away at Amazon’s EWR9 facility in Carteret, N.J. on July 12, Amazon confirmed. The Occupational Safety and Health Administration (OSHA) said in a statement emailed to FN that it was “aware of […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. July 21, 2022: Fendi has opened its first boutique in Madrid, Spain. The 140 square meter (1,500 square foot) shop is located within El Corte Inglés Castellana, one of the most important […]
John Idol, chairman and CEO of Capri Holdings, laid out plans for the future of the company’s three brands – Versace, Jimmy Choo, and Michael Kors – as he marked Capri’s successful transformation into a global luxury fashion group. At an Investor Day in New York on Wednesday, Idol reviewed the company’s strategic pillars for […]
Manolo Blahnik, who celebrated his 50th anniversary in business last year, has won a trademark dispute in China after a 22-year legal battle. The Supreme People’s Court of China, the highest court in the country, recently ordered the invalidation of an unlawful trademark dating back to 2000 that incorporates the name of Manolo Blahnik. The ruling means the company will now […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. July 19, 2022: Saks has unveiled a new pop-up shopping experience in the heart of Aspen. Located at 516 East Hyman Avenue, the 2,000 square foot pop-up features an eclectic mix of […]
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 [email protected]. July 19, 2022: PVH Corp. has named David Savman as EVP and chief supply chain officer. He will join PVH in late 2022 from H&M Group where he […]
The Savannah College of Art and Design (SCAD) is doubling down on its sneaker push this year as it unveils a new scholarship. The new funding, called the Wish Atlanta Sneaker Design Scholarship, will be awarded to three students pursuing a minor in the newly launched sneaker design program at the college. The first recipients […]
Between weak financial results and a failed sale to Franchise Group last month, it’s been a rough quarter for Kohl’s. On top of existing issues, the retailer announced on Friday that its chief technology and supply chain officer Paul Gaffney would depart on August 1, according to an 8-K filing with the Securities and Exchange Commission. […]