The Council of Fashion Designers of America and Vogue announced the finalists for the 20th edition of the CFDA → Vogue Fashion Fund award.
The CFDA → Vogue Fashion Fund award will feature a “Design Challenge” for the first time since 2019, sponsored by the Tommy Hilfiger brand.
The gemstone giant will exit the lab-grown diamond sector to focus on marketing natural stones.
The company’s sales plummeted in 2023, “and it is exploring a sale or spin-off.”
The company is preparing for an initial public offering in Milan… to pay down debt and fund expansion.
Permira will reduce its stake in the Italian maker of pre-distressed sneakers as part of the transaction.
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In The News:
You’d Never Guess Kendall Jenner’s Tommy Hilfiger Swimsuit Costs Less Than $100
There are only a few celebrity tastemakers that, in my opinion, can really pull off the “quiet luxury” trend. This includes Jennifer Lawrence, Sofia Richie Grainge, Laura Harrier, and the minimalist queen herself, Kendall Jenner. Jenner’s latest swimsuit campaign for all American brand Tommy Hilfiger is proof of exactly that.
Dressed in an under $100 ivory and navy blue one-piece, Jenner shows that you don’t need to spend a lot of money in order to achieve “stealth wealth” status. The campaign photo features the supermodel looking happy (and comfortable as ever) in a striped one-piece while laying on a lounge chair in a treelined backyard. I don’t know where exactly this spread was shot but it’s seriously transported me to a mansion in the Hamptons. It whispered “ I’m-out-east-for-the-summer” and I’m here for it.
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Correspondent’s Report:
Fashion and Business News In a highly anticipated announcement, the Council of Fashion Designers of America and Vogue revealed the finalists for the 20th edition of the CFDA → Vogue Fashion Fund award. This prestigious accolade has been a benchmark of excellence in the fashion industry for two decades, and the chosen few will surely be thrilled by the recognition.
Adding an exciting twist to this year’s proceedings, the CFDA → Vogue Fashion Fund award will feature a “Design Challenge” for the first time since 2019, courtesy of Tommy Hilfiger’s support. According to The Business of Fashion, this innovative approach aims to encourage creative experimentation and entrepreneurship among the chosen finalists.
In other news, gemstone giant is reportedly exiting the lab-grown diamond sector to focus on marketing natural stones. A significant shift… this move follows a dismal 2023 sales performance, which led the company to explore options such as a sale or spin-off. Sources close to the matter indicated that the decision was necessitated by “sales plummeting” in the given period.
The company is preparing for an initial public offering (IPO) in Milan, which is expected to help pay down debt and fund expansionary efforts. This strategic move aims to bolster the company’s financial footing, ensuring a brighter future for its stakeholders. A separate development involves Permira… which will reduce its stake in the Italian maker of pre-distressed sneakers as part of a transaction.
Reports suggest that Permira will relinquish some control as part of this deal, “allowing for a more streamlined and focused approach to business operations.” As these developments unfold, fashion enthusiasts and industry watchers alike will be keenly following the trajectory of theseashion and business news. Stay tuned for further updates on this fascinating narrative, “as provided by trusted sources like The Business of Fashion.”
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