FASHION INDUSTRY NEWS – TUESDAY

Good morning designers!  The Tuesday 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…

INSIDE KURT GEIGER’S $372 MILLION DEAL – FootwearNews
“After months of speculation, Kurt Geiger has found a new home at Cinven, a European private equity firm. The $372 million deal is the latest in a string of high-profile acquisitions at Kurt Geiger, which has seen three owners in four years. Kurt Geiger represents Cinven’s first investment in fashion.”

NEIMAN MARCUS HIT BY DEPARTMENT STORE SLUMP – RetailingToday
“For the first quarter ended Oct. 31, the retailer reported total revenue of $1.16 billion, a decrease of 1.8% compared to total revenue of $1.19 billion for the first quarter of fiscal 2015. Same store sales decreased 5.6% and the company reported a net loss of $10.5 million compared to net earnings of $0.2 million for the first quarter of fiscal year 2015. Adjusted EBITDA was $164.3 million compared to adjusted EBITDA of $194.3 million for the first quarter of fiscal year 2015.”

FASHION INTEL: TORY BURCH CUTS STAFF – FashionWeekDaily
“Tory Burch has laid off 100 employees, predominantly from corporate headquarters in NYC, reducing salary overhead by 3 percent. The axing is part of a massive reorganization for the brand, which announced it will be shifting focus from ready to wear to Tory Sport, the spin-off athleisure line that launched last year,…”

REBECCA MINKOFF TO SHOW SPRING/SUMMER 2016 COLLECTION AGAIN IN FEBRUARY – FashionTimes
“Rebecca Minkoff has a new strategy for New York Fashion Week. In an attempt to boost spring sales, the designer has announced plans to present her spring/summer 2016 collection on the runway for the second consecutive NYFW event.”

CHRISTIAN LOUBOUTIN FINALLY MADE A PLUS-SIZE MODEL THE FACE OF THEIR CAMPAIGN – Nylon
“French fashion house Christian Louboutin made history last week when it announced that Clémentine Desseaux is the new face of their latest campaign. This marks the first time that the 23-year-old brand, which moved into beauty last year, cast a plus-size model in its advertisements.”