Industry News – March 8th, 2017

Curated fashion industry news links for Wednesday, March 8th, 2017…

POWER DRESSING GETS A NEW LOOK – TheNewYorkTimes
“After Vuitton, after posing with Michelle Williams and Jennifer Connelly and Jaden Smith in the glare of a hundred flashbulbs, the designer Nicolas Ghesquière said that, as far as he was concerned, in a world where walls are going up, the whole point of fashion was to show you could “break every boundary possible””

FOR THE 6TH CONSECUTIVE YEAR, CHICO’S FAS, INC. IS RECOGNIZED FOR GENDER DIVERSITY ON ITS BOARD OF DIRECTORS – PRNewswire
“Chico’s FAS, Inc. has been designated a 2020 Women on Boards Winning Company for having 20% or more of its board seats held by women. Female directors comprise 44% of Chico’s FAS’ board seats. In addition to the impressive representation on its board, 81% of Chico’s FAS’ executive committee is female.”

KARL LAGERFELD BUILT A CHANEL ROCKET IN THE GRAND PALAIS IN PARIS…AND LAUNCHED IT – Pret-a-Reporter
“…all squabbling was forgotten Tuesday morning at Chanel’s outer space-themed Paris Fashion Week show, for which the designer built a rocket inside the Grand Palais, and aimed it at the center of the building’s famous ironwork and glass ceiling.”

ADIDAS RAISES PROFIT GUIDANCE – FootwearNews
“Adidas AG on Wednesday raised its earnings guidance until 2020, following a record 2016, when the German activewear giant’s profits passed the billion-euro mark for the first time.”

ONE OF THE MOST TALKED-ABOUT MILLENNIAL FASHION BRANDS IS UNDER FIRE FROM CUSTOMERS WHO CLAIM IT’S NOT FULFILLING ORDERS – BusinessInsider
“Nasty Gal is getting some nasty heat on social media. The clothing company, which specializes in edgy fashion for young women, was founded in 2006 in Los Angeles. Though it was once estimated by Bloomberg to be worth $100 million, the company filed for bankruptcy last year.”