Industry News – July 8th, 2016

Curated fashion industry news links for Friday, July 8th, 2016…

IT’S OFFICIAL: MARIA GRAZIA CHIURI IS IN AT CHRISTIAN DIOR – Vogue
“Christian Dior has lured Maria Grazia Chiuri away from Valentino. After many weeks of rumors, and the headlines yesterday that she had exited her role as co–creative director at the Italian house, the news became official today. I, for one, am pleased: They’ve managed to hire a very cool woman.”

GAP GETS SOME GOOD NEWS — FINALLY – RetailingToday
“The company reported that net sales for the five-week period ended July 2, 2016 increased 2% to $1.57 billion. “We are pleased to see better performance across the portfolio this month, partly driven by an improvement in June traffic trends, particularly at Old Navy,” said Sabrina Simmons, CFO, Gap Inc.”

NEW YORK CITY TO RENAME INTERSECTION ‘BILL CUNNINGHAM CORNER’ – TheNewYorkTimes
“Now, after his death at the age of 87 on June 25, New York City is honoring Mr. Cunningham by renaming the northeast corner by the Louis Vuitton store “Bill Cunningham Corner.”

DWYANE WADE WANTS TO START HIS OWN FASHION BRAND – FootwearNews
“So what would the Dwyane Wade menswear line look like? “It would be made up of pieces to create the perfect uniform for every man’s life,” said Wade. “It would be both functional and stylish. The complete line will be interchangeable, making every outfit effortless.” The NBA star has been a regular for years at runway shows around the world, often alongside his wife, actress Gabrielle Union.”

ABERCROMBIE SUES GAP, CLAIMS MARKETING VP STOLE CONFIDENTIAL COMPANY INFO – TheFashionLaw
“Abercrombie & Fitch has filed suit against Gap Inc. after the San Francisco-based retailer poached its former VP of marketing, Craig Brommers. Ohio-based Abercrombie alleges that Gap enlisted Brommers to fill the role of Chief Marketing Officer in January and the marketing exec, who spent three years at Abercrombie, is slated to begin work on July 25 in violation of the parties’ non-compete agreement.”