These are the stories making headlines in fashion on Monday.
Court Approves Saks Global’s Bankruptcy Plan
On Friday, the U.S. Bankruptcy Court for the Southern District of Texas approved Saks Global’s reorganization plan. The approval allows Saks Global to exit chapter 11 bankruptcy in the coming weeks, thanks to significantly reduced debt and fresh capital to strengthen its operations. {Saks Global}
The New School Conducts Layoffs
The New School has laid off nearly 90 faculty and staff members as part of the university’s restructuring. The school is suffering from low enrollment, which has forced it to cut costs. Many of the laid-off staff are reportedly tenured and faculty of color. The most recent laid-off employees have until December to continue working at the university, or they can resign immediately. {The New School Free Press}
Menswear Fashion Magazines Tap Into New Strategies
Menswear fashion media are adopting new strategies, including prioritizing deeper storytelling, embracing creator personalities and pushing global perspectives, to stand out within a competitive market. In today’s era, viewers are more drawn to individual creators than to legacy media, prompting editors to consider ways to keep their publications from being dethroned as authoritative voices. {Business of Fashion/paywalled}
Printemps Group Names New CEO
Printemps Group has appointed Rémy Baume as its new CEO, effective immediately. For nearly nine months, the role was left vacant. Baume boasts over 20 years of leadership experience, most recently serving as CEO of the French fashion brand Zadig & Voltaire. {WWD/paywalled}
