Paco Rabanne, the Spanish-born creator known as the Space Age designer, has died in Portsall, on the western tip of Brittany in France. He was 88.

​Paul Smith has admitted it was a “mistake” to continue trading in Russia, albeit through a franchise partner. The global fashion giant is now closing its two branded stores, on Moscow’s Red Square and in St Petersburg.

Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment. 

​Stamm has won the AW23 Zalando Sustainability Award at Copenhagen Fashion Week with the brand having demonstrated “impressive craftsmanship as well as deep understanding and execution of more sustainable practices".

​Footfall to UK retail destinations was up 12.5% in January, according to the latest BRC-Sensormatic IQ data. But while it rose, it was 2.6 percentage points down on December.

Australian luxury fashion brand Camilla has received a minority investment from Andrew and Nicola Forrest’s investment vehicle Tattarang. 

Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom and plans to urge the department-store chain to make changes to its board after a decline in share prices, the Wall Street Journal reported.

UK jewellery brand Orelia, which positions itself as “bridging the gap between value and luxury”, is taking a slightly different slant on Valentine’s Day this year.

This past week in Paris, Brazil’s most important luxury retailer Iguatemi feted its rebound from the pandemic, as its CEO Cristina Betts explained its M&A plans and predicted double continued digit growth in 2023.

The British Fashion Council has released its London Fashion Week schedule, taking place 17-21 February. Top billing goes to British luxury brand Burberry on Monday (20th) under the new creative direction of Daniel Lee.

The iconic French designer of the 1980s and 1990s is back with a new fashion project. A collection called Rev inspired by her archive pieces, which will be unveiled at the next Paris Fashion Week.

Prada hit something of a low just a few years ago due to the pandemic. But its impressive recovery was underlined on Thursday as the latest instalment of the Lyst Index showed it as the hottest brand in the world.

The company’s 10th report introduces the ‘Fabric of Change’, Tapestry’s updated ESG strategy including new goals to match its ambitions, starting with new science-based targets. 

​Luxury footwear designer Nicholas Kirkwood is closing his 18-year-old business, he announced on instagram on Wednesday, also hinting at a new path he'll be following.

​In another sign that repair is one of the key trends for 2023, YNAP said its in-season and off-price e-tailers Net-A-Porter, Mr Porter and The Outnet are launching their first dedicated customer care & repair offers.

Source Fashion, the UK-based international sourcing show, has announced its line-up of international speakers, designers, industry professionals, experts and brands for the 12-14 February event at Olympia London.