Intermix store | Source: The Real Deal
Gap to Buy Luxury Retailer Intermix (WSJ)
“Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market.”
Is it time to invest in a little luxury? (Telegraph)
“Luxury goods companies were the height of investment fashion in the spring, as their profits soared on demand from brand-hungry Chinese consumers. But investment trends, like fashion fads themselves, can change with the seasons, and some renowned British designer brands have taken the equivalent of a catwalk tumble.”
Tory Burch Lawsuit Ends (Vogue.co.uk)
“Tory Burch and her former husband, Chris Burch, have finally come to an agreement over their heated legal battle concerning his stake in the brand.”
MBA graduates put their best foot forward (FT)
“While the fashion world is abuzz with the impending launch of Victoria Beckham’s e-commerce fashion site, MBA graduates are also scaling up their involvement in this type of online venture. In some cases, they consider themselves to be among the first there.”
‘The CFDA Is Like Calling 1-800-FASHION-HELP’ (The Cut)
“Technically, the CFDA is a nonprofit servicing the fashion industry, and although the new office looks much more ‘fashion’ than ‘nonprofit,’ Kolb said their budget was basically nothing. “We’re very used to asking people to do stuff for us stuff for free, or give us stuff cheap.”