These are the stories making headlines in fashion on Thursday.
Neiman Marcus to Close Dallas Flagship
Neiman Marcus is closing its downtown Dallas flagship store on Sept. 30, Saks Global confirmed Tuesday. The Dallas flagship first opened in 1907. Neiman Marcus plans to focus resources on its second Dallas NorthPark store. Since filing for bankruptcy in January, Saks Global closed 18 Saks Fifth Avenue stores and three Neiman Marcus stores. {Business of Fashion/paywalled}
OTB Acquires All of Viktor&Rolf
OTB has acquired 100% of Viktor&Rolf after first acquiring a 51% majority stake in the label in 2008. OTB further increased its stake to 70% in 2019. This move follows the agreement signed last year, which reconfirmed Viktor Horsting and Rolf Snoeren as creative directors of the brand for another five years. {OTB}
British Fashion Council Names Recipients of BFC Fashion Trust 2026
The British Fashion Council (BFC) announced the recipients of the BFC Fashion Trust 2026: Clio Peppiatt, Conner Ives, Nicholas Daley, Paolo Carzana, Patrick McDowell and Tolu Coker. The winning recipients receive a grant through the BFC Foundation and access to mentorship. Peppiatt and Daley were also recipients of the 2025 edition. {Fashionista inbox}
Fashion Trust U.S. Opens 2027 Applications
Applications for the Fashion Trust U.S. Awards 2027 are now open. U.S.-based designers who have been in business for two to seven years, as well as recent graduates from accredited design programs who completed their studies in 2024, 2025 or 2026, are welcome to apply. Submissions will be accepted through the Fashion Trust U.S. portal until December 2026. {Fashionista inbox}
PVH Corp. Reports 2% Sales Bump in Q1 2026
PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, reported its Q1 2026 results on Wednesday, which showed a 2% sales increase to $2.025 billion. Tommy Hilfiger’s revenue increased 3% compared to the prior year period, while Calvin Klein’s sales increased 1%. Direct-to-consumerrevenue rose 6% and wholesale revenue was flat. {PVH Corp.}
California Naturals Closes Series B Funding, Names New CEO
California Naturals has closed a Series B round led by Align Ventures, with participation from existing investors like Elizabeth Street Ventures. Terms of the deal were not disclosed. The capital will fuel the personal-care brand’s growth in retailers such as Target, Ulta and CVS and support the launch of new categories. California Naturals appointed Hayden Hiatt as its new CEO. Hiatt, who previous served as the brand’s chief operating officer, succeeds founder Shelby Wild. {WWD/paywalled}
