As both its search for a new CEO and its review of strategic alternatives get underway, the NYC-based consumer brands management company announced declining sales and deepening losses for the third quarter on Friday.
In the same week as Mothercare threw in the towel with its UK stores, rival mother and baby products chain Mamas & Papas has opted for a pre-pack administration with its existing owner back in control.
Moving on from whimsical themes such as camp, punk and Catholicism, the theme for the Metropolitan Museum of Art’s Costume Institute 2020 event and exhibition will be “About Time: Fashion and Duration.”
Introduced a few seasons ago, PSWL is becoming Proenza Schouler White Label and turning over a new leaf for Pre-Spring 2020 with a less casual, more elaborate approach resulting in a more refined offering.
As part of the deal, the number of Champion points-of-sale in South Korea -- including stores, shop-in-shops and e-commerce -- is expected to nearly triple to more than 30 by the end of 2020, the company said.
The CEO of the American fashion group, who stepped into his role in early 2015, will be succeeded by chairman of the board, Robert J. Fisher, heir of the company's founding family, who takes over as interim CEO.