Industry News – November 3rd, 2016

Curated fashion industry news links for Thursday, November 3rd, 2016…

LOGO HANDBAGS CLOSE TO HITTING THEIR EXPIRATION DATE – FASHIONUNITED
“The Louis Vuitton Speedy was once seen as the ‘It’ handbag of the moment.”

INSTAGRAM TO TEST NEW SHOPPING FEATURE – FASHIONUNITED
“Photo-sharing social network Instagram is to test shoppable tags with 20 US-based retail brands including women’s fashion and lifestyle brand Kate Spade, menswear e-commerce company JackThreads and eye-wear maker Warby Parker.”

AMERICAN APPAREL IS DISREGARDING ITS OWN REORGANIZATION PLAN, PER NEW COURT DOCS – TFL
“American Apparel should be ordered to pay $2.5 million in distributions required by its reorganization plan as reports indicate the company may soon return to bankruptcy, according to the unnamed litigation trustee – the individual appointed by the bankruptcy court upon the recommendation of one or more creditors’ committees after a reorganization plan has been confirmed by the court – in its Chapter 11 case.”

NORDSTROM RESPONDS TO VIRAL LETTER CALLING ON RETAILER TO DROP IVANKA TRUMP’S ‘TOXIC’ BRAND – Business Insider
“Nordstrom has responded to a shopper’s viral open letter demanding that the retailer stop selling Ivanka Trump’s fashion brand.”

L BRANDS CEO SAYS VICTORIA’S SECRET WAS ON PATH TO OBSOLESCENCE – FORTUNE
“The CEO compares coupons to drugs.”

SPORTSWEAR TO CLEAN UP THE WORLD’S OCEANS – PR Newswire
“Yoga Democracy has been committed to creating a line of yoga wear exclusively from recycled fibers from the beginning.”

LVMH EXEC FINED BY ITALIAN FINANCIAL WATCHDOG FOR DIVULGING CONFIDENTIAL INFO – TFL
“Italy’s market watchdog has fined LVMH Moët Hennessy Louis Vuitton managing director Antonio Belloni 350,000 euros ($388,185) for divulging confidential information to a fund manager before the French luxury group’s $6.01 billion acquisition of Italian jewelry brand, Bulgari, in March 2011.”

FABLETICS SEEKS GROWTH WHERE APPLE, BONOBOS, AND AMAZON FOUND IT – FASHIONUNITED
“Despite raising eyebrows at the beginning, truth is that in the last couple of years, nearly 20 online retailers in the US alone have opened brick & mortar stores.”