Photo: Taylor Hill/Getty Images
These are the stories making headlines in fashion on Friday.
Chanel owners and L’Oreal heir invest in The Row
The Wertheimer family and Tethys Invest, owned by Francoise Bettencourt Meyers (billionaire heiress of L’Oréal), acquired minority stakes in Mary Kate and Ashley Olsen’s The Row, according to “sources close to the matter.” Natalie Massenet’s Imaginary Ventures and Lauren Santo Domingo’s Saint Dominique Capital are also reportedly investing in the label, bringing its valuation to about $1 billion. The Olsens will remain majority shareholders. {Bloomberg/paywalled}
Mytheresa’s focus on top clients drives sales
Despite market volatility, luxury e-tailer Mytheresa announced a 10% increase in overall sales in the past fiscal year as it focused on top-spending clients. With the help of exclusive capsule collections and in-person events catered to its biggest spenders, 20% of those sales came from the United States, where other luxury companies are underperforming. It anticipates up to 13% sales growth in 2025. {Business of Fashion/paywalled}
Photo: Courtesy of Ba&sh
Ba&sh taps Maryam Nassir Zadeh for fall collaboration
The collection, which launched in tandem with the opening of the new American Ba&sh flagship in SoHo, New York, encapsulates “elegant grit,” per the brands. “After meeting the Ba&sh founders and the incredibly talented team behind the brand, I felt right at home,” Maryam Nassir Zadeh said in a statement. “What we created together feels true to the MNZ vision and my personal style, but we also expanded it in a new direction that matches the Ba&sh woman. I’m honored by this opportunity.” Prices range from $195-$495 and the collection is available to shop now here. {Fashionista inbox}
Nensi Dojaka lands Calvin Klein collaboration
LVMH prize winner Nensi Dojaka is back on the London Fashion Week calendar with the help of a “feminine and edgy” Calvin Klein collaboration. The collection, which will be incorporated into Dojaka’s Spring 2025 show on Saturday, features underwear, satin dresses, a mini skirt and a jacket ranging in price from $45 to $400 and available in sizes 0 to 14. All 44 pieces in the Calvin Klein collection will be available online following the runway show. {The New York Times}
The fashion industry is failing sustainable designers
Despite widespread calls for positive change, established and emerging sustainable brands are swimming upstream in the fight for planet- and people-friendly fashion. This year, brands Kit X and Mara Hoffman shuttered due to the increasing challenges of sustainable sourcing and logistics. Beyond production, the economic value of faster, cheaper practices makes sustainability-minded investors hard to find. {Vogue Business/paywalled}
New York Fashion Week can prosper without “big names” from Europe
Each season, buzz around New York Fashion Week seems to hold out until the announcement of its European guest designers, casting aside exciting homegrown talent. “There is a seemingly perennial obsession with seeing American fashion as less than its counterparts in Europe, and that call is coming from inside the house,” writes José Criales-Unzueta. He breaks down the vitality and delight of New York Fashion Week as a platform for classic American brands, experimentalists and rising stars in his column, Connecting the Dots. {Vogue Business/paywalled}
Source: Fashionista.com
