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Moncler Denies Kering Takeover (Business of Fashion)
Moncler CEO Remo Ruffini confirmed that he has spoken with Kering in the past, but is shutting down rumors that a merger is on the way. Ruffini says he “maintains contacts and interacts with investors and other sector participants, including the Kering group, in order to explore strategic potential opportunities to further promote the successful development of Moncler.” But he adds: “At the moment, however, there is not any concrete hypothesis under consideration.”
The brand is estimated to be worth over €10 billion ($11 billion).
Alessandro Dell’Acqua Out at Rochas (WWD)
Alessandro Dell’Acqua will present his last collection for Rochas in February after six years with the label. No reason was given for his departure, and a successor has yet to be named. “Alessandro did a great performance by re-establishing Rochas as a French modern luxury house with its very colored style, full of details and involving a great attention to fabric,” Philippe Benacin, chairman and CEO of Inter Parfums SA (Rochas’ parent company) said in a statement. Dell’Acqua is also the founder and designer of No. 21.
The Circular Economy Is About More Than Just Donating Clothes (Financial Times)
Consumers are increasingly turning to the resale market to buy and sell clothing, in an effort to be more sustainable. But to truly make an impact, simply donating or reselling clothing might not be enough. Luckily, a growing number of start-up brands are working to recycle the textiles themselves, creating their own circular economies. Companies like Teemill and Worn Again have found ways to recycle fibers to create new clothes in a sustainable way. This means that even damaged items can be saved from the landfill and have a new life.
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A Handbag Exhibit Is Opening In London (British Vogue)
The Victoria & Albert museum is staging an exhibit dedicated to handbags in 2020! Bags: Inside Out will feature 300 items, ranging from historical artifacts to iconic pop culture pieces. “From a lavish 16th century burse made for royalty to the everyday tote bag, this exhibition offers an understanding and insight into the function, status, design and making of bags across the world and throughout history,” says curator Lucia Savi. Bags: Inside Out opens April 25, 2020, and runs through January 31, 2021.
DKNY and Urban Outfitters Team Up on ’90s Collection
DKNY TECH, a 10-piece women’s sportswear collection that pays homage to the brand’s ’90s aesthetic, is launching at Urban Outfitters. The pieces, which draw directly from the brand’s archive, are being showcased by Bronx natives (and twin sister DJ duo), Angel and Dren.