The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Gap Commits $510,000 to Support Black Fashion Education

Gap store in Shanghai, China. Shutterstock. — Gap store. Shutterstock.

Darcey Sergison

27 April 2021

The American brand is teaming up with Harlem’s Fashion Row and its non-profit arm ICON360 to support fashion departments at Historically Black Colleges and Universities (HBCUs). On May 3, the group will launch 21 awards worth a total of $510,000 for schools that encourage Black students to innovate in the world of fashion.

The ‘Closing The Gap’ initiative is intended to address a lack of funding for fashion departments at HBCUs that restricts opportunities for Black students.

In This Article

Topics

Retail

Organisations

Gap Inc.

US Sues to Block $8.5 Billion Union of Coach, Michael Kors

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.

Op-Ed | How Long Can Adidas Surf the ‘Terrace’ Trend?

As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.

How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.

For Struggling Public Companies, Going Private Is No Panacea

Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.