This week saw the Panama Papers hitting close to home for the fashion industry. One week after a massive leak of some 11 million documents that rocked the world leaders with disclosures of offshore funds, tax evasion and money laundering, a number of publications, including l'Espresso, are reporting that fashion figures on the list. Valentino Garavani, the founder of Italian design house Valentino, and his partner Giancarlo Giammetti, are linked to establishing two companies in the British Virgin Islands under the names of Jarra Overseas and Paramour Finance. London-based designer Roksanda Ilincic has also been linked with the tax scandal. Here are other stories you may have missed from this week …
Italian fashion house Valentino has offered 500 million euros ($569 million) to acquire Balmain. The majority owners of the Paris-based house, which is under the creative direction of Olivier Rousteing, have received a number of offers since announcing their desire to sell in February.
Dear Celebrities, Please stop glamorizing fast fashion. Upon the introduction of Beyoncé’s new activewear collection with British fast fashion giant, Topshop, we look to the downsides of famous figures promoting the practice of fast fashion. And speaking of Beyoncé, the megastar singer has filed suit against similarly-named brand, Feyoncé, for trademark infringement.
It is official: Following months of rumors, Yves Saint Laurent’s parent company, Kering, has confirmed that Anthony Vaccarello has been named Creative Director. He will begin immediately, replacing Hedi Slimane, who stepped down last week.
The Navajo Nation was handed a victory in the latest round against Urban Outfitters in connection with the retailer’s use of the “Navajo” name on multiple garments and accessories.
Is it Yves Saint Laurent or YSL or Saint Laurent Paris? The confusing legacy of Hedi Slimane at YSL.
Italian design house Brioni files suit against men’s clothing brand, Bianco Brioni, citing actual consumer confusion.
It's Never Too Early to Reevaluate Your Relationship with Fast Fashion – That is what this 16-Year Old Did.