With the recent filing of bankruptcy by the fast fashion giant, Forever 21, other fashion companies have been seeing some changes in the business side. Here are some stories that have been making headlines
Barneys New York finds a Saviour
In order to prevent Barneys New York from declaring bankruptcy, Sam Ben-Avraham, the co-founder of Kith is said to be at the fore front of potentially acquiring the business. WWD reported that five parties are officially in the race to acquire Barney’s intellectual property and assets. However, Ben-Avraham is interested in acquiring the whole company. If the deal ends up being finalized by October 11, this will become the baseline bid for the auction set to take place on October 24.
Glossier Poaches New Chief Operating Officer from Amazon
Glossier’s new C.O.O, Melissa Eamer has been hired to oversee e-comers growth opportunities for the brand. After working for Amazon for 19 years, she joined Glossier to partake in what she refers to as the “e-commerce V2” which aims at emphasizing customer connections over convenience.
Vogue Business Chief Editor, Lauren Indvik switches over to The Financial Times
Vogue Business Chief Editor, Lauren Indvik has moved over to The Financial Times to lead its fashion and style coverage. Indvik with work closely with Jo Ellison and report to Alec Russell, editor of the FT Weekend.