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.
SAN FRANCISCO, United States — San Francisco prosecutors say they have charged 16 people in a retail theft ring that stole more than $200,000 worth of clothing, purses and other merchandise from high-end stores such as Louis Vuitton and Salvatore Ferragamo.
The District Attorney's office announced the charges Monday and said 10 more people have been charged in other Western US cities where the group stole an additional $200,000 worth of merchandise, including Honolulu and Seattle.
Prosecutors said the group was responsible for dozens of thefts dating back to 2015.
Assistant District Attorney Frank Carrubba says the group in some cases sent as many as 10 or 12 people into a store with bags to grab as much merchandise possible before running out the door.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
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.