LONDON, United Kingdom — Zalando has a proposition for retailers stuck with racks of clothes in stores under lockdown: let us sell them for you. The German fashion e-tailer sees the pandemic, which has forced most stores to close across Europe and North America, as an opportunity to turbocharge its sales platform, which handles e-commerce operations […]
Mansur Gavriel Sells Majority Stake to Private Equity Firm
NEW YORK, United States — New York-based label Mansur Gavriel has sold a majority stake to New York-based private equity firm GF Capital Management & Advisors, BoF has learned. The terms of the deal were not disclosed, although founders and creative directors Rachel Mansur and Floriana Gavriel are slated to continue with the company and […]
Fashion Can’t Ignore Rent the Runway
NEW YORK, United States — Rent the Runway chief executive Jennifer Hyman has spent the last decade trying to convince fashion designers that letting her buy their clothes — so that she could, in turn, rent them to consumers over and over again — was a lead generator, not a brand killer. She must be […]
Calvin Klein and Raf Simons Launch New Fragrance
NEW YORK, United States — In his acceptance speech at the CFDA Awards this past June, Womenswear Designer of the Year Raf Simons thanked many people, including his friends and family and his Calvin Klein colleagues. He even thanked (CFDA chairman) Diane von Furstenberg. But in the end, he also thanked “women.” Just, “women.” Full […]
Gucci Plants Its Flag in Soho
NEW YORK, United States — Gucci’s new Soho store is built to solve a happy problem: creative director Alessandro Michele’s collections are wildly popular with the young shoppers every brand craves. But with the rise of marketplaces like Net-a-Porter, many of those consumers are increasingly content to buy without ever setting foot in a physical store. In […]