Sonia Rykiel to Liquidate
With the departure of Julie de Libran earlier this year and after a four-month period of negotiations, Parisian heritage brand Sonia Rykiel failed to secure a new buyer and is now forced to liquidate all assets and close all six stores across France and Monaco. The announcement is another crushing blow to the retail market that is currently facing turbulent times with rising rent costs, dwindling revenue, and an oversaturated market vying for the attention and currency of consumers, already stretched too thin. [WWD]
Your New, Shorter NYFW</strong>
Breathe a sigh of relief, fashion week in New York is finally shorter with a condensed preliminary schedule courtesy of incoming chairman, Tom Ford. Responding to retailers and media, the Council of Fashion Designers has America has trimmed the fat from 8 days to a reasonable 6-day week including all the NYFW favorites like Marc Jacobs or Proenza Schouler; new faces Tomo Koizumi or Christopher John Rogers; and the return of Pyer Moss. WWD reports Steven Kolb, president and CEO of the CFDA, “I am excited for the strong September lineup which will continue to showcase and celebrate the creativity and diversity of American fashion.”
Met Announces “In Pursuit of Fashion: The Sandy Schreier Collection” exhibition
Coming November 27th to the Met, “In Pursuit of Fashion,” is to display 80 rare designer pieces in the Anna Wintour Costume Center from Sandy Schreier’s archive, which the prolific collector gifted to the museum. Schreier told Vogue, “My passion for fashion as an art form drove me to search for the most innovative, creative, and breathtaking objects by well-known and lesser-known talents. I am elated that these pieces will now live on as my legacy at The Met, where they can be conserved and shared with the public, designers, and scholars for eternity.” Pieces in the collection date from 1908 to 2004. [Vogue]
Instagram Began Testing Hiding Likes in Six Countries
Instagram’s rollout of its plan to hide the almighty “like count” began in countries that include Australia, Brazil, Canada, Ireland, Italy, Japan and New Zealand. The company points to mental health as the reason for the change, which has received varying reactions from influencers and users. “We want your friends to focus on the photos and videos you share, not how many likes they get. You can still see your own likes by tapping on the list of people who’ve liked it, but your friends will not be able to see how many likes your post has received,” Instagram said in a Twitter post. As of yet, there hasn’t been mention of when testing will begin in other countries.
