Industry News – January 26th, 2017

Curated fashion industry news links for Thursday, January 26th, 2017…

LIM COLLEGE STUDY REVEALS SOCIAL MEDIA NOT A MAJOR INFLUENCE ON MILLENNIALS’ FASHION PURCHASES – PRNewswire
“When it comes to fashion, millennials see themselves as a “brand of one.” In fact, less than 7% of those surveyed reported that they are influenced by the opinions of bloggers and vloggers in deciding what apparel and accessories to buy, and more than 62% consider the uniqueness, or “newness” of the products offered…”

TARGET LOBBIES AGAINST TAX PROPOSAL – ChainStoreAge
“Although it’s only one of many tax proposals being floating around, the so-called border adjustment tax has raised a red flag among many retailers.”

VIKTOR & ROLF TURNED OLD, WORN GOWNS INTO COUTURE COLLAGES – TheCut
“For their couture show today, they cut up more dresses, but this time it was in the interest of showing vintage gowns and cocktail dresses some TLC.”

RODARTE IS LEAVING NEW YORK FASHION WEEK – Pret-a-Reporter
“A rep for the L.A.-based label, helmed by sisters Kate and Laura Mulleavy, confirm Wednesday that it’s exchanging its usual New York Fashion Week runway slot for a private presentation in Paris for the fall 2017 season. A date has yet to be announced.”

LACOSTE UNVEILS THE 2017 PRESIDENTS CUP UNIFORMS – PRNewswire
“For the first time in the PGA TOUR’s Presidents Cup history, LACOSTE, the official apparel provider, will dress both tournament teams. The French brand has drawn on its authentic golf heritage and savoir-faire to design those new outfits combining comfort and functionality.”

REPORT: BALMAIN, VALENTINO PARENT COMPANY EYEING LANVIN FOR ACQUISITION – TFL
“Lanvin might be up for sale. According to WWD, after acquiring Valentino, Balmain and Italian menswear brand Pal Zileri, Mayhoola Group is reportedly looking to expand and has Lanvin on its radar. The Qatari fund’s interest comes on the heels of reports that Taiwanese publishing magnate Shaw-Lan Wang, Lanvin’s controlling shareholder, might be looking to sell.”