FASHION INDUSTRY NEWS – MONDAY
Good morning designers! The Monday edition of the StylePortfolios.com Daily Fix is up and ready for your reading pleasure. What are you waiting for? Get a coffee, sit-down and get your day started-off right with the The Daily Fix…
KURT GEIGER ACQUIRED BY CINVEN – FootwearNews
“Sycamore Partners has sold the British footwear giant to European private equity firm Cinven. The terms of the deal were not disclosed but the Financial Times in London, which broke news of the acquisition late Sunday, valued it at about $372 million, citing sources.”
WHY STORES MATTER MORE THAN EVER – RetailingToday
“Tom McGee, president and CEO of the International Council of Shopping Centers (ICSC), understandably has a biased view of the role of physical retail…”McGee said. “In 2016, people will begin to realize how important this industry is. There will be a revitalization of interest and enthusiasm in the role of retail and the retail real estate industry in the national economy.”
ALEXANDER MCQUEEN, KERING HIT WITH RACIAL DISCRIMINATION LAWSUIT – Yahoo!
“The complaint, filed on Dec. 9 in New York, states that the French fashion house “systematically rejects African-American job applicants who seek positions on the sales floor where they can be seen by customers or positions where they might have authority over white employees, relegating the few African-Americans who are hired to menial positions behind the scenes.”
THE YEAR IN FASHION – TheNewYorkTimes
“The fashion circus somersaulted its way through 2015, its merry-go-round spinning ever faster, its social media feeds ever more elastic, its jaw-dropping acts increasingly … well, jaw -dropping, as the year went on: Paris recreated in Rome! Performance artists on a pier! A show as a music video! What stood out amid this year’s silk-draped, star-spangled carnival? Let us count the defining moments and memories on two hands.”
MEET THE MILLENNIAL POWER WOMEN BEHIND NEGATIVE UNDERWEAR – NYMag
“Millennial co-founders Marissa Vosper and Lauren Schwab market their lingerie brand Negative Underwear as the anti-Victoria Secret, aiming to make lingerie with a woman in mind, instead of a woman in the eyes of a man.”