Third Wave Fashion // OCTOBER 2013 // THE PRIVACY ISSUE | Page 18
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FA S H I O N
RESTRUCTURING FOR THE GLOBAL
MARKETPLACE
As globalization continues to affect fashion in new ways,
Ralph Lauren has created an ‘office of the chairman’,
comprised of four top executives within the company.
e newly appointed team will focus on the emerging
opportunities in an “increasingly complex global
environment.” - BUSINESS OF FASHION
PROJECT SUBWAY
As mass customization pervades the fashion industry,
the custom sandwich originator Subway hosted a runway
show that focused attention on their reduction of
environmental impact. e designs were made almost
entirely out of items that could be found at a typical
Subway store, and the winner won a year supply of
footlong sandwiches. - PSFK
NURTURING A LUXURY BRAND
Kering became a minority stakeholder in the Altuzarra
luxury brand, providing expertise and infrastructure to
elevate the label within the market sector. Emphasizing
support of the growing brand, creative control remains
with the Altuzarra team, though Kering’s involvement
leads to the expectation of an accessories line. FASHIONISTA
SAVING SCRAP TO SAVE THE ENVIRONMENT
As textile pollution remains relatively unchecked,
designer Daniel Silverstein has developed a process to
incorporate scraps and prevent them from ending up in
landfills. By cutting fabric like holiday cookies, the scraps
are reused to make more designs. - FAST COMPANY
TOPSHOP LOSES BATTLE WITH RIHANNA
A London judge granted Rihanna an injunction against
TopShop aer the company had been specifically asked
not to sell t-shirts that featured the artist’s face. ough
an official amount hasn’t been awarded, Rihanna’s
lawyers are claiming she is owed $1.4 million in
damages. - THE CUT
REED KRAKOFF ACQUIRED FROM COACH
With a focus on pushing the future of American
sportswear, luxury brand Reed Krakoff was acquired
from Coach by a group of growth investors that included
Mark Ein, Mitchell Rales, and funds managed by T.
Rowe Price Associates, Inc. - FASHINVEST
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