This is Tuesday’s fashion news.
Nordstrom Names New VP, Fashion Director
Nordstrom has appointed Brooke Bobb as vice president, fashion director, effective August 2026. While reporting to Nordstrom CMO Jamie Nordstrom, Bobb will lead the department store’s fashion direction and bring the brand’s inspiration to life across stores, online and in marketing. Bobb comes from the world of editorial, having recently become a fashion news directorUjo Shop.
Zara Pants Go Viral for Causing Accidents
Image: Hosted by Zara
Some customers say Zara’s Flowy Wide Leg Pants ($46) lead to injuries such as scrapes, cuts and bruises. Baggy, wide-leg pants cause trips and falls, according to videos shared by consumers. It is not the length that is the problem, but the width of the pants catches the wearer’s feet and causes them to fall. {CNN}
Estée Lauder Cos. Always Face To Face, Smashbox and Dr.Jart+
Too Faced, Smashbox and Dr. Jart+ will remain with its parent company, Estée Lauder Cos. Although the company has not confirmed that the three are for sale, it has confirmed that it has hired consultants to review the portfolio and multiple sources said the three are on the market. “By embracing the speed, agility and business acumen of successful beauty indies, we are improving the way we work,” Estée Lauder Cos. President and CEO Stéphane de La Faverie in an internal statement. {WWD/paid}
Shein is reportedly aiming for a $3 Billion Hong Kong IPO
Shein Global Holdings Ltd. it is reportedly seeking to list in Hong Kong as soon as August. The fast fashion brand may want to raise $2 billion to $3 billion in an initial public offering. Shein received approval from the China Securities Regulatory Commission for its Hong Kong IPO on Friday. {Bloomberg/paywalled}
Blackstone Split From Spanx
Private equity firm Blackstone acquired Spanx for $1.2 billion in 2021, but quietly sold its majority stake to HPS Investment Partners back in June. As of 2021, Spanx has cycled through five CEOs while profits have nearly halved. “We believe this transaction positions Spanx and its brand for great success going forward, and we continue to believe in the long-term strength of the business,” a Blackstone spokesperson said in a statement. {puck}
LVMH and IFM partner in the Scientific and Creative Research Chair
LVMH is collaborating with the Institut Français de la Mode (IFM) to create a research chair focused on the relationship between science and creativity. The luxury conglomerate, which has promoted the adoption of AI, now aims to better understand how art interacts with technology. A new gift of €150,000 will fund basic research to understand creative practices, the impact of new tools and the conditions that best support talent development. {WWD/paid}
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