Latest Fashion News
Saks Secures $600 Million Rescue Financing Amid Deep Losses for Creditors
Struggling US luxury retailer **Saks** has obtained a **$600 million lifeline** from bondholders as it battles heavy debt and weak performance. A creditor group holding a slim majority of Saks’ **$2.2 billion in 11% bonds** will provide an immediate **$300 million loan**, with the balance contingent on meeting restructuring milestones.
The deal underscores ongoing stress in luxury department-store retail despite resilient high-end demand globally.
Report: Saks Considers Chapter 11 Bankruptcy Filing
In parallel with its new financing, Saks is reportedly **weighing a Chapter 11 bankruptcy filing**, which could come as soon as this weekend, according to people familiar with the matter. A court-supervised process would allow Saks to restructure its debt and store footprint while attempting to preserve the core luxury business.
The potential filing highlights intensifying pressures on legacy multi-brand retailers as shoppers migrate online and toward mono-brand flagships.
Shein Prepares Confidential Filing for Hong Kong IPO
Ultra-fast-fashion giant **Shein** plans to **confidentially file for a Hong Kong initial public offering**, according to multiple sources cited by Reuters. The company aims to submit paperwork as early as this week, after facing political and regulatory pushback around an earlier US listing attempt.
A Hong Kong IPO would give Shein access to global capital markets while keeping it closer to its core Asian supply-chain base.
Unilever Set to Buy Dr. Squatch in $1.5 Billion Deal
Consumer-goods major **Unilever** is reportedly poised to acquire natural personal-care brand **Dr. Squatch** for around **$1.5 billion**. The deal price, reported to exceed **£1 billion**, reflects strong demand for premium, male-focused grooming and DTC-born brands within large FMCG portfolios.
The acquisition would further expand Unilever’s presence in high-growth, brand-led personal care adjacent to fashion and lifestyle.
Kate Moss’s Cosmoss Wellness Brand Enters Liquidation
Supermodel **Kate Moss’s** prestige skincare and wellness label **Cosmoss** has entered **liquidation proceedings** after failing to file company accounts. The brand, launched with significant media attention, struggled to gain sustainable traction in a crowded luxury wellness market.
Its collapse illustrates the challenges celebrity-founded beauty and fashion-adjacent brands face once initial hype fades.
Vivienne Westwood and Rei Kawakubo to Headline Major Australian Exhibition
The **National Gallery of Victoria** in Australia will stage a blockbuster exhibition pairing avant-garde icons **Vivienne Westwood** and **Rei Kawakubo**. The show will explore how both designers challenged conventional silhouettes, subverted gender codes and fused street style with high fashion.
It reinforces museums’ growing role in cementing fashion’s status as art and driving cultural tourism.
Alo Yoga Names Benedetta Petruzzo CEO of International
Athleisure and lifestyle brand **Alo** has appointed **Benedetta Petruzzo** as **CEO of International**, reflecting its push for global expansion. Petruzzo will oversee Alo’s growth strategy in key markets outside the US, including retail, e-commerce and wholesale.
The move underscores the continuing worldwide momentum of athleisure as a dominant fashion category.
Pinterest and Editors Spotlight Key Fashion and Activewear Trends for 2026
New 2026 trend roundups highlight bold **“loud luxury”**, strong colours, tassels, fringing and updated **trench coats** as key style directions. Activewear-specific forecasts point to **red accents, layered tops, shorts sets, everyday activewear and green trainers** as dominant gym trends.
Combined, these signals suggest a move toward expressive, texture-rich looks and versatile performance wear in everyday wardrobes.
Luxury and Sportswear See Wave of Senior Executive Appointments
Recent leadership changes include **Puma** appointing **Nadia Kokni** as **vice president, global brand marketing**, reporting to chief brand officer Maria Valdes. **Canada Goose** has named **Daniel Binder** president for **Asia Pacific**, while its North America president departs amid a wider reshuffle.
Footwear brand **New Balance** has also appointed **Olivier Kamp** as retail director for **EMEA**, signalling continued investment in global retail capabilities.
Global Runway Calendars Expand with Newcomers and Balenciaga’s Paris Return
The upcoming French menswear season will feature **35 shows**, including **two Paris debutantes** and a **return to the Paris runway by Balenciaga**. Separately, the January haute couture calendar includes **29 houses** with **two new entrants**, suggesting ongoing strength at the very top of luxury.
These packed schedules indicate brands still view physical shows as central to storytelling despite digital experimentation.
Chanel Launches First Full Makeup Collection Linked to Rouge Noir Line
**Chanel** has introduced its first **full make-up collection** built around its cult shade **Rouge Noir**, extending the colour into a complete beauty story. The line aligns makeup with Chanel’s broader fashion messaging, reinforcing the role of beauty as an entry point into luxury brands.
This strategy echoes a wider industry pattern of using cosmetics to broaden reach while maintaining high-end positioning.