NBA icon Michael Jordan is 60 years old today. To celebrate, the legendary baller and Jordan Brand revealed their next round of Jordan Community Grants, a program of its ongoing Black Community Commitment. For the 2023 round, MJ and his namesake label will deliver $2.3 million in community grant awards to 48 grassroots organizations in […]
Nike is facing a new lawsuit from Production Systems SAS, which conducts business under the trade name Production Type, for allegedly using unlicensed fonts in its advertising and marketing campaigns. According to a new lawsuit filed by Production Type in a New York federal court on Monday, Nike allegedly used the French company’s copyrighted “Kreuz” font software […]
On Wednesday, New York Governor Kathy Hochul announced that NYC’s Garment District will receive $4.5 million in funding as part of the state’s NY Forward program, which is intended to support the development and implementation of revitalization plans across the state. The announcement was made at the Fashion Institute of Technology on the last day of New York Fashion […]
For a relatively quiet season, New York Fashion Week still brought some oomph for fall winter ’23. That was especially the case with a handful of footwear collaborations that punctuated the runways, from detail-oriented feathered kitten heels at Area, courtesy of Italian brand Sergio Rossi to tried-and-true signatures provided from the likes of Manolo Blahnik […]
MILAN — The luxury segment is driving growth at the OTB Group, which saw gains in profitability and revenues, and has laid out an ambitious three-year plan. “We want and must grow through our ambitious plan, but it is one that can be reached,” said OTB CEO Ubaldo Minelli in an interview. In the 12 months ended […]
Neiman Marcus Group announced on Tuesday that it will eliminate less than 5% of roles across the company as part of a “strategic realignment” meant to accelerate its push to become a top luxury destination. “It is always our intent to minimize the impact to existing associate jobs, and we take these types of decisions […]
Price growth slowed in January as inflation shows more signs of waning. Consumer prices rose by 6.4% in January compared to last year, according to a Tuesday report from the U.S. Bureau of Labor Statistics. This marks the smallest 12-month increase since the period ending in October 2021 and a slowdown from December’s 6.5% and November’s 7.1% year-over-year growth. Compared to […]
Micam Milano is gearing up for a big return next week for its 95th edition. Slated to run Feb. 19-22, the international footwear trade fair is returning to its four-day format after seeing “encouraging signs of an upturn in the market,” show organizers said. A total of 988 brands, including 451 foreign exhibitors, will be showcasing their […]
In an unexpected move, Louis Vuitton confirmed Tuesday afternoon that musician and entrepreneur Pharrell Williams has been named its new men’s creative director, effective immediately. According to the label, Williams’s first collection for Louis Vuitton will be revealed this June during Men’s Fashion Week in Paris. Pietro Beccari, Louis Vuitton’s newly-appointed chairman and CEO, said in a […]
2023 was shaping up to be a quiet year for mergers and acquisitions in the U.S. retail industry, thanks to volatility and uncertainty in the equity and debt markets. But three big headlines this week might signal a shift in the mood. In 2022, rising interest rates contributed to a weaker dealmaking environment. To help […]