The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Noah co-founder and former Supreme design director is set to become the retailer’s chief designer for men. The news was first reported in The Wall Street Journal.
The American retailer, which underwent a bankruptcy restructuring last year, is betting on Babenzien to help “disrupt the business,” starting with his first collection to be released in the second half of 2022, WSJ reported.
In recent years, J.Crew has struggled to keep up with an increasingly digital market and streetwear-influenced consumer tastes. The pandemic was the last straw: the company became the first US retailer to file for Chapter 11 bankruptcy protection last May. It emerged from the process in September with new owners and a new strategy. Womenswear designer Chris Benz exited in September; In November, former chief executive Jan Singer was replaced by Madewell CEO Libby Wadle.
Babenzien told WSJ he wants to take J. Crew mens back to basics, with a focus on quality. Though favourites like the Ludlow suit will stay, he plans on updating the brand’s offering with relaxed tailoring and his own streetwear sensibility, he said. Babenzien will also continue to head Noah with his wife Estelle Bailey-Babenzien, WSJ reported.
The luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
Join us on Thursday, April 13 at 16:00 BST / 11:00 EDT for a special #BoFLIVE Masterclass unpacking our latest case study The Complete Guide to Managing Markdowns with BoF retail correspondent Cathaleen Chen.
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.
Offloading excess merchandise has never been more complex and critical for every brand and retailer, regardless of their size or category. BoF examines the best practices along every stage of the process, from planning to liquidation.