Industry News – January 9th, 2017

Curated fashion industry news links for Monday, January 9th, 2017…

CAROLINA HERRERA AND OSCAR DE LA RENTA SETTLE AN EMPLOYMENT DISPUTE – TheNewYorkTimes
“Parties representing the two labels and Laura Kim, the creative director at the heart of the dispute, had been expected to appear in court on Tuesday to debate whether Ms. Kim must follow the stipulations of her contract with Carolina Herrera and refrain until April from becoming creative director at Oscar de la Renta.”

VICTORIA’S SECRET DECEMBER SALES DROP AS ANGELS LOSE THEIR WINGS – Forbes
“L Brands, which owns Victoria’s Secret, reported that December comparable sales fell by 4%. The overall comp sales fell by 1%. Part of this decline at Victoria’s Secret was due to the loss of categories, like swim, that the company has decided to exit, but the rest was a decline in its core lingerie, its biggest business.”

NAUTICA SIGNS ARTIST LIL YACHTY TO BE A BRAND CREATIVE DESIGNER FOR 2017 – PRNewswire
“As a Nautica brand Creative Designer, Lil Yachty will work with Nautica to design a capsule collection as well as be featured in digital and social media advertising campaigns. The Nautica brand will continue to offer classic sportswear collections in addition to the reintroduction of hertitage styles to serve our existing and new customer base.”

THE BEST, WORST, AND MOST PRINCESS-Y LOOKS FROM THE 2017 GOLDEN GLOBES – TheCut
“Praise be: For once, we got a break from dancing-girl-emoji red at the Golden Globes. Instead, there was princess-y pink on Felicity Jones (in Gucci) and Lily Collins (in Zuhair Murad). Natalie Portman opted for punchy chartreuse Prada that evoked the early-’60s milieu of her buzzed-about Jackie portrayal.”

THE LIMITED SUDDENLY SHUT DOWN ALL OF ITS STORES AND LAID OFF THOUSANDS OF WORKERS – BusinessInsider
“We’re sad to say that all The Limited stores nationwide have officially closed their doors,” the statement reads. “But this isn’t goodbye. The styles you love are still available online — We’re just a quick click away 24 hours a day.”

NEIMAN MARCUS DROPS PLANS FOR STOCK EXCHANGE LISTING – Fortune
“Neiman Marcus has pulled the plug on its plan to list shares on a stock exchange, a tacit acknowledgement that the struggling luxury retailer would probably only fetch bargain basement prices for its shares.”