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FASHION INDUSTRY NEWS RE-CAP – 3/5/18

FASHION INDUSTRY NEWS RE-CAP

WEEK OF 2/26 TO 3/5

Stay up-to-date on the fashion industry with StyleDispatch.com and the Fashion Industry News Re-Cap!  This week we are covering; Riccardo Tisci’s new role at Burberry, Kendra Scott’s billion-dollar company, Levi’s ethical invention and more! 

“Marco and Riccardo built a strong story together at Givenchy,” said Jeffrey Kalinsky, director of designer fashion at Nordstrom. “ They are a great partnership and I am very hopeful they will do the same at Burberry.”  Burberry, Britain’s largest luxury brand by sales, now is a house looking for a creative transformation. 

Kendra Scott started her eponymous jewelry company in her spare bedroom with $500 from her bank account in 2002.  She was on leave from work because she was pregnant with her first son and her doctors put her on bed rest. 

You know those jeans that you love, the ripped ones that look like they’re 30 years old? ( Even though you just bought them last year.)  You probably don’t realize it, but a team of designers took weeks to figure out exactly where to fade the indigo and position the tears for the most authentic vintage look. 

Millennials are ditching fast-fashion retailers and flocking to thrift stores.  The resale market in the US has outperformed the overall retail market in the past five years and is now worth $20 billion, according to research firm IBISWorld.  Brands are responding by bringing back archive collections and embracing vintage styles. 

“Hunter has long been regarded for its impeccable design aesthetic, rich heritage and playful spirit, and based on our research, it’s a brand our guests know and love.  So a pairing between our two brands made perfect sense,” said Mark Tritton , executive vice president and chief merchandising officer at Target. 

Opinions expressed by Forbes Contributors are their own.  Walmart is launching online and in stores tomorrow, March 1, with three new clothing brands: Time and Tru for women, plus-size label Terra & Sky and Wonder Nation for kids and also relaunching George, which is exclusively for men. 

The Federal Trade Commission (“FTC”) has closed its investigation of the proposed $54 million merger between Luxottica and Essilor.  The deal between the eyewear giants has made headlines for what many have alleged creates a “monopoly” on eyewear and also “sparked regulatory concerns that i

Gucci on Monday announced the donation of $500,000 to support the ” March for Our Lives” anti-gun violence rally to be held in Washington on March 24 (along with sister marches in about 70 cities around the globe) in the aftermath of the shooting at Marjory Stoneman Douglas High School in Parkland, Florida, that left 17 dead.