Hedi Slimane has launched legal proceedings against Yves Saint Laurent’s parent company Kering. The star designer who departed Yves Saint Laurent in April this year after a four year stint as its creative director, is suing Kering over a non-compete clause in his contract. The company...

French Luxury Brand Balmain has been bought by Qatar-based investment group Mayhoola. The Qatari Mayhoola investment fund which has been linked to the royal family of Qatar already owns Italian luxury brand Valentino. The terms of the deals were not disclosed but according to an advisor to...

Luxury Paris-based fashion brand Sandro has opened its first standalone Australian store. Situated at luxury retail space St. Collins Lane in Melbourne, the new Sandro Paris store is the very first Australian boutique for the brand. The new store is just another key location to add to the...

Gap Inc. reported weak sales across its brands with shares taking a dive on Tuesday. Sales dropped 7.4% to $1.12 billion in April, versus $1.21 billion last year. Sales for the first quarter also declined to $3.44 billion compared to $3.66 billion one year ago. The company’s shares...

Following in the steps of her peers: Hedi Slimane’s departure from Saint Laurent, Raf Simons from Dior and Francisco Costa from Calvin Klein who have left their posts since the Fall 2016 shows, Alessandra Facchinetti has stepped down from her role as creative director of Tod’s...

Victoria’s Secret fans are in for some bad news. The lingerie retailer will stop selling swimwear by the end of this year according to a report by BuzzFeed News. Victoria’s Secret parent company L Brands had announced in March its intentions to ‘cut certain merchandise...

Tiffany & Co. announced an unprecedented global collaboration with Net-a-Porter. The Famed New York jewelry house and the luxury e-commerce hub partnership is equal parts exclusive as it is true to the heritage and style of each brand. The collaboration will begin April 27 with a...

Fashion designer Tommy Hilfiger has bought the Raleigh Hotel in Miami’s South Beach. Following in the footsteps of Versace, Armani and Bulgari, the American clothing mogul reportedly purchased the Raleigh Hotel for $70 million in 2014 and plans to convert it into a membership-based...

Spanish luxury house Loewe is set to open its first standalone store in Australia later this year. The international retailer will mark its presence in late 2016 in partnership with Emerald Group Investments (EGI) who will serve bulk up the brand’s wholesale presence. The investment...

Italian fashion brand Valentino has beaten its own financial forecast having topped $1 billion in annual sales. According to WWD, revenues jumped a full 48% percent in 2015 going from $880.4 million in 2014. ‘The one billion figure is symbolic; we have arrived at a dimension and...

Tamara Mellon has put her Brand (TMB) back on the fashion landscape after emerging from a 60-day period of Chapter 11 bankruptcy protection. A US court in Delaware approved plans to restructure her Tamara Mellon Brand, which include a $10m investment from venture capital firm New Enterprise...

Footwear luminary Tamara Mellon has put her namesake brand into bankruptcy. The founder of Jimmy Choo and now owner of a ready-to-wear and footwear label that bears her name, voluntarily filed for bankruptcy protection from her creditors and plans to exit Chapter 11 in 60 days. According to...

Maxim Editor-in-Chief Kate Lanphear is stepping down after little more than a year. The former style director for T magazine joined the lad mag in September of last year with the aim of reinventing it as a men’s lifestyle magazine by finding a more empowering way of celebrating women....