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Industry News – October 24th, 2016

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Curated fashion industry news links for Monday, October 24th, 2016…

RAF SIMONS TO HOST DEBUT RUNWAY SHOW IN NEW YORK – FASHIONUNITED
“Raf Simons, designer and creative director behind his eponymous menswear label, is set to show his collection overseas in the United States for the first time.”

RUMORS OF COACH TAKEOVER CAUSE BURBERRY SHARES TO SPIKE – RetailDIVE
“Declining sales, including at its once-robust Asia operations and falling wholesale business, have increasingly set up Burberry as a takeover target. ”

THIS RETAIL TYCOON WANTS TO OPEN 500 STORES IN CHINA IN THREE YEARS – TFL
“As Europe’s fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world’s most populous nation. ”

AUTHENTIC BRANDS GROUP, ICONIX BRAND GROUP EYEING AMERICAN APPAREL – CSA
“Several companies have reportedly expressed interest in acquiring the debt-laden American Apparel.”

FASHION RETAILER FRENCH CONNECTION’S SHARES JUMP ON TAKEOVER HOPES – FASHION NETWORK
“Shares in UK-based fashion retailer French Connection Group Plc rose more than 20 percent on Monday after a media report said overseas investors were looking to buy the lossmaking firm.”

REEBOK STARTS MAKING SHOES IN US AGAIN – FASHION NETWORK
“Sports equipment manufacturer Reebok is bringing some of its shoemaking back to the United States, unveiling plans to open a new manufacturing lab next year using innovative liquid material and 3D drawing.”

LA BLUE JEANS MANUFACTURERS MOVING TO MEXICO TO TAKE ADVANTAGE OF FREE TRADE – CALIFORNIA APPAREL NEWS
“With high-priced blue jeans made in Los Angeles taking a beating in the market, manufacturers facing rising wages in California are amping up their production of premium jeans in Mexico.”

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