Plus, luxury beauty brands are now targeting babies.
Author:Dara PrantPublish date:Aug 6, 2019These are the stories making headlines in fashion on Tuesday.Barneys New York filed for Chapter 11 bankruptcy protection on Tuesday, after struggling with soaring operating costs and shifts in the luxury market. The company is being represented by Kirkland & Ellis LLP, whose attorneys have also advised on the retail bankruptcies of Toys 'R' Us and Payless ShoeSource Inc.
In fact, according to Mintel data, three in four parents prefer to spend more money on personal care products for their children than for themselves. {Business of Fashion} Neha Singh left her job as director of product at Vogue.com three years ago to launch Obsess, a B-to-B service, custom-making immersive shopping environments for the likes of Tommy Hilfiger and Levi's. Now, she and her small team are powering up their new consumer offering, ShopObsess.
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Barneys New York Has Filed For BankruptcyPrepare yourself accordingly: Your heart may just break over this latest bit of retail news. In July, Business of Fashion reported Barneys New York, one of Manhattan's most iconic department stores, could be preparing to file for bankruptcy. According to BoF, Barneys was struggling with high rents
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