Clothing chain American Apparel, filed for Chapter 11 bankruptcy protection early Monday. Over the last one year, the Los Angeles-based company has been in the midst of a turnaround effort. It amassed huge legal bills from lawsuits with controversial founder Dov Charney who was fired in...

Ralph Lauren, announced Tuesday that he will step down as chief executive officer from the corporation that bears his name. The American designer named Stefan Larsson, the global president of Gap division Old Navy, to succeed him in the post at Ralph Lauren Corp in November. Lauren will...

Inditex, parent company of Spanish retail behemoth Zara, reported a 26 percent net profit increase for the first half of 2015. In a statement on Wednesday, the world’s largest clothing retailer said that the Net income rose to 1.17 billion Euros in the six months through July, up 17...

Natalie Massenet, the founder and chairwoman of luxury online retailer Net-a-Porter has abruptly resigned, halfway through its pending merger with Italian e-commerce group Yoox. Ms. Massenet who worked as a model in Japan before starting her career in journalism at Women’s Wear Daily...

Following on his exit from Balenciaga just a week ago, Alexander Wang has opened his first European flagship store in London. Located in a former post office on Mayfair’s fashionable Albemarle Street, the 625 square-metre store is his largest flagship store to date and spans three...

After regularly featuring bikini-clad women in its pages for years, men’s magazine Maxim is getting into the bikini business. Inspired by Brigette Bardot, the line features boho looks (bikinis, one-pieces, and cover-ups) in a variety of styles, including fringe, crochet, paisley,...

After just over two-and-a-half years at the helm Alexander Wang and Balenciaga might soon part ways. The young designer who took over in December 2012 following Nicolas Ghesquire’s departure has triumphed as creative director of the Spanish label. However speculation is building...

American Apparel Inc announced on Monday that it will close underperforming stores and laying off staff as part of a $30 million cost-cutting strategy. In a company statement CEO Paula Schneider, who took the helm in January said, “Today’s announcements are necessary steps to help...

Iconic fashion designer Donna Karan is stepping down as chief designer of of LVMH-owned Donna Karan International, the company announced Tuesday. After helming the brand which she founded 31 years ago, Karan 66, will be stepping down from her eponymous label to focus on her Urban Zen company...

Net-a-Porter Announces Record Sales The Fashion e-tail giant reported an profit of ($2.9 million) after tax and ($17.1 million) before tax in the 12 months ending March 2015.[Financial Times] H&m’s Growth Slowed This Spring (But It Beat Forecasts) The Swedish fashion retailer...

All American brand Gap Inc, announced plans to shut nearly a fifth of its namesake stores (175 of its 675 Gap stores) in the US, as the company struggles with a slump in sales. In addition it would also be shutting a “limited number” of its European stores. The retailer also...

Italian luxury goods company Prada reported reported a steep fall in its first-quarter profit . In the three months to April 30, Net income fell 44% to $66.2 million with Asia Pacific region, especially Hong Kong and Macao, not showing any sign of improvement in the first months of 2015, the...

Karl Lagerfeld‘s namesake label which was discontinued in the US after its Fall 06 debut is making a return to the United States. According to WWD, the iconic designer has formed a joint venture with G-III Apparel Group, through which a new Karl Lagerfeld Paris collection for spring...