Cathaleen Chen

5 days ago | businessoffashion.com | Cathaleen Chen

Sander Lak, the Central Saint Martins-trained designer behind now-defunct New York label Sies Marjan, will debut a new luxury menswear brand, Sanderlak, at Paris men’s fashion week later this month. Lak, who worked at Dries Van Noten in Antwerp before moving to New York, launched Sies Marjan in 2016 with the backing of billionaire investor Howard Marks and his wife, Nancy Marks, who financed the American couture label Ralph Rucci before Rucci’s exit in 2014.

1 week ago | businessoffashion.com | Cathaleen Chen

Stock market jitters, recession fears and President Donald Trump’s mercurial trade policy are often cited as reasons to hold off on making any big decisions. And yet the fashion and beauty industries’ deal sheets keep getting longer. Since Trump announced his tariff policy in April, there have been five major acquisitions, from Prada Group’s $1.4 billion acquisition of Versace to E.l.f.’s $1 billion buyout of Hailey Bieber’s Rhode on Wednesday.

2 weeks ago | businessoffashion.com | Cathaleen Chen

Saks Global’s liquidity crunch has come to a head. Amid mounting concerns about the department store operator’s ability to meet an interest payment due next month, a group of bondholders who own a majority of the department store operator’s $2.2 billion debt formed a group over the weekend toprovide new financing, according to media reports.

3 weeks ago | businessoffashion.com | Cathaleen Chen

Tariff panic arguably hit a peak when the CEOs of Walmart and Target met with President Donald Trump in April to warn him that import duties as high as 145 percent would inevitably result in empty shelves. In reality, some fashion brands have faced the opposite problem. Earlier this week, American Eagle Outfitters said its spring and summer inventory required a $75 million write-down, meaning the retailer in fact had too much product to sell.

3 weeks ago | businessoffashion.com | Cathaleen Chen |Marc Bain |Sheena Butler Young |Brian Baskin

Listen to and follow ‘The Debrief’: Apple Podcasts | Spotify | OvercastOn May 12, the US and China reached a deal to temporarily reduce tariffs for 90 days, offering a breather from an escalating trade war. Stocks surged on the news, but experts warn this relief might not fully resolve deeper industry uncertainties or consumer anxieties.