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…

THIS CLOTHING COMPANY, WHOSE CEO WAS BRIEFLY RICHER THAN BILL GATES, IS BLOWING THE COMPETITION OUT OF THE WATER – Business Insider
“Zara’s mysterious founder, Amancio Ortega, is now the world’s second-richest man — surpassing Warren Buffett. For a brief time last week, he was the richest man in the world, richer than Bill Gates.”

WHY FASHION IS CRASHING – Vogue
“The announcement that Raf Simons is resigning from his position as creative director of Christian Dior might seem like a sequel to Dior and I. That film showed the Belgian designer’s arrival at the historic Parisian house, his struggle, his tears, his million flowers decorating the walls of the couture show – and his ultimate triumph.”

NORDSTROM OPENS FIRST FULL-LINE STORE IN WISCONSIN – Fashion Mag
“Nordstrom announced Friday the opening of its new store at Mayfair Mall in Wauwatosa, WI, the first full-line store from the company to open in Wisconsin.”

DRAKE IS GETTING HIS OWN LIPSTICK SHADE – Pret-a-Reporter
“Jay Z may have rapped about “Tom Ford,” but it’s Drake who the designer will honor with his very own lipstick shade as a part of his “Lips & Boys” collection.”

FORMER BON-TON, LORD & TAYLOR CEO TAKES TOP SPOT AT LUXURY BRAND – RetailingToday
“A veteran retailer has taken the reins at Vince, a leading-edge contemporary fashion label and retailer.  The company named Brendan L. Hoffman as CEO, effective immediately, replacing interim chief. He is the former chief executive and president of The Bon-Ton Stores Inc, a position he held from February 2012 to August 2014. Prior to that, Hoffman was CEO and president of Lord & Taylor.”