This is Wednesday’s fashion news.
Timothée Chalamet Invests in Watchmaker Urban Jürgensen
Timothée Chalamet will join watchmaker Urban Jürgensen as a partner with a small equity stake in the company. Chalamet joins a handful of outside investors who have staked a small stake in the company. This is the first time that Chalamet has participated in the company. He will also serve as an in-house creative consultant on many projects and programs.
Moncler Group Reports 12% Revenue Increase in Q1 2026
Moncler Group released its Q1 2026 results on Tuesday, which showed a 12% increase in group revenue to €880.6 million ($1.03 billion). Moncler reported Q1 2026 revenue of $766.5 million ($899.8 million), up 12% compared to the first three months of 2025. Moncler’s direct-to-consumer channel grew 14% year over year, and saw strong performance in Asia (up 22%) and the Americas (up 7%). {Moncler Group}
Foreign Words On Sale At Sam’s Club Now
After Outdoor Voices founder Ty Haney returned to relaunch the brand, his popular workout outfit is now on sale at Sam’s Club for $22, 78% off its regular retail price. Consortium founder and managing partner Cory Baker defended the decision: “If you show me your product saying, ‘No, I don’t want to sell more products to more customers and more sellers,’ I’ll show you a brand that doesn’t really make money, period,” he told Puck’s Malique Morris. “We’re less focused on cachet and more focused on great products for the customer they want.” {Puck/paywalled}
Safilo will inherit Spy+ and Serengeti
Safilo Group has entered into an agreement with Bollé Brands to acquire Spy+ and Serengeti, two US brands active in the sports, outdoor and high-end eyewear segments. Together, Spy+ and Serengeti are expected to generate sales of $39 million by 2025. Spy+ and Serengeti will join Carrera, Polaroid, Smith, Blenders, Privé Revaux and Seventh Street in the Safilo Group portfolio. {Safilo Group}
Kiko Milano Names Its First Global Makeup Artist Director
Kiko Milano has named Marcelo Gutierrez as its first global makeup artist. Gutierrez is known for working with Madonna, Charli XCX and Lily Rose-Depp, among others. Gutierrez will oversee Kiko Milano’s overall makeup direction and direct celebrity engagement and participation in cultural events. “The brand’s commitment to making forward-thinking beauty accessible to everyone, without compromising quality, resonates deeply with me and my experience in the industry,” Gutierrez said in a statement. {WWD/paid}
Roc Nation and FIT Announce Winner of Student Design Contest
Image: Courtesy of Roc Nation and FIT
Roc Nation and the Fashion Institute of Technology (FIT) announced the winners of a design competition hosted by Roc Nation, exclusively for FIT students. Beatrice (Xuan) Mak, Fashion Design BFA, won first place and was awarded a $20,000 grant from Roc Nation. Some of his designs will be developed and available in stores later this year. Jiwon Park, Fashion Design BFA, took second place and was awarded a $5,000 grant, while Zion Burrell, Fashion Design MFA, received a $3,000 grant as third runner-up.
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