Top Fashion Stories of the Week: July 14
This week, the fashion industry’s top headlines brought designers to a variety of locales, including Wall Street, courtrooms, auction houses, football fields and runways.
At the top of the list, Kim Kardashian’s SKIMS is reportedly engaged in a pre-IPO fundraising round from “mutual funds and family offices” that will value the only-four-year-old company at $4 billion USD. Meanwhile, Shein was accused of copyright infringement in a new lawsuit citing RICO violations from three designers, who claim the fast-fashion company has “grown rich by committing individual infringements over and over again.”
Elsewhere, Sotheby’s opened a new auction, titled “PERSONAL EFFECTS,” filled…