WWD: The Essentialist

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Friday, January 30

Designer and Luxury

EXCLUSIVE: Alaïa Confirms Pieter Mulier Is Leaving

The Belgian designer's five-year tenure was marked by fashion fireworks and strong business development. He is widely expected to join Versace in Milan after presenting his final Alaïa collection …

Retail

In Drastic Downsizing, Saks Off Fifth Shuttering 57 Locations, E-commerce

The bankrupt luxury retailer confirmed that it's shutting down saksoff5th.com and closing most Saks Off 5th off-price stores.

Financial

Swatch Group Profits Slump 89% in 2025 on Decision to Maintain Jobs

Sales for the year came to 6.28 billion Swiss francs, with a record year across its brands in the Americas.

Retail

Eddie Bauer Store Operator Expected to File Bankruptcy

The Chapter 11 filing would only impact the company's 200 North American stores.

Color Cosmetics

EXCLUSIVE: Curate Capital, L'Oréal's BOLD Venture Arm Back Live Tinted

The latest funding round, of undisclosed size, nabbed a valuation over double that of Live Tinted's 2023 series A.

Jewelry

A Brooch That Belonged to Audrey Hepburn Sold for $425,000 at Auction

Jewelry and couture dresses stole the spotlight at the Sotheby's sale of Doris Brynner's collection in Paris.

People

Lee Jun-ho Is the Gift That Keeps Giving

The K-drama star and singer discusses back-to-back Netflix hits "Cashero" and "Typhoon Family," preparation for film "Veteran 3" and his recent single.