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Saks Global is laying off about 5% of US corporate workers

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February 25, 2025

Saks Global is laying off around 5% of its US corporate workforce, according to a person familiar with the plan, as the department store integrates its recent acquisition Neiman Marcus.

Neiman Marcus

The layoffs will affect employees in departments including finance, legal and operations, according to an internal memo that Saks Global sent to employees Tuesday that was viewed by Bloomberg News. There will be no staff changes at Bergdorf Goodman, which is also owned by Saks Global. 

“There will be additional changes to our teams as we continue to integrate our business,” Saks Global Chief Executive Officer Marc Metrick wrote in the memo. Saks Global is the new entity that was created last year to house retail brands including Saks Fifth Avenue and Neiman Marcus. 

A Saks Global spokesperson said the company is “continuing the integration process following our recent acquisition of Neiman Marcus Group by consolidating functional leadership, clarifying key decision makers and beginning to simplify our organizational structure.” 

Saks Global might “lose more sales to peers Bloomingdale’s and Nordstrom this year as it repositions the newly merged units, shutters select stores and seeks to repay past-due vendor balances,” Bloomberg Intelligence analyst Mary Ross Gilbert wrote in a recent research note.

 



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Giuseppe Zanotti buys back minority stake from LCatterton

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Nazia BIBI KEENOO

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February 26, 2025

Giuseppe Zanotti regains full ownership of his eponymous luxury footwear brand after LCatterton sells its 30% minority stake in the Romagna-based company back to the designer.

Giuseppe Zanotti

LCatterton, which has held a 30% stake in Giuseppe Zanotti since 2014, played a key role in expanding the brand’s global presence through investments in innovation, retail, and digital. Now operating in over 60 countries with a curated network of exclusive boutiques and retailers, the luxury footwear brand is set to continue its growth with a renewed strategic vision. The transfer of ownership ensures continuity in the brand’s direction, focusing on product innovation, craftsmanship, brand identity, and strengthening distribution across both physical and digital channels.

The transaction marks a new chapter for the maison, renowned for its jeweled accessories, sculptural heels, and couture sneakers, often seen on international red carpets. “I thank LCatterton for their support and collaboration over the years. This step not only represents a return to our origins but also a renewed vision for the future, allowing us to continue our medium- to long-term development strategy with complete autonomy. Fashion is an expression of freedom and creativity, and I am thrilled to lead this new phase with the same drive, dedication, and passion as always,” said Giuseppe Zanotti.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Oberalp appoints Nol Gerritse as Salewa brand director

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February 26, 2025

Salewa has named Nol Gerritse as its new brand director, effective May 2. The announcement was made by the Oberalp Group, the owner of the brand specializing in mountain sports equipment.

Nol Gerritse

Gerritse, a Dutch native and U.S. citizen, has held senior positions at multinational companies, including Havaianas, Lululemon, Keen, Colgate, and Nike.

“Joining Salewa and the Oberalp Group represents an incredible opportunity for me to be part of a brand that is iconic in mountain culture and a leader in innovation,” Gerritse said. “I look forward to contributing to and shaping the new chapter of Salewa, celebrating its tradition while exploring new frontiers in design and performance.”.

“In Nol Gerritse, we have found a leader whose international experience across various industries will allow him to successfully develop our historic Salewa brand,” said Ruth Oberrauch, vice president of the Oberalp Group. “His global expertise and passion for the mountains align perfectly with Salewa and Oberalp’s philosophy, making him a key figure in our growth strategy.”

Founded 90 years ago in Munich, Salewa has grown into a brand generating €120 million in revenue. The company was acquired in 1990 by the Oberalp Group, which employs more than 1,200 people and owns brands such as Dynafit, Pomoca, Wild Country, Evolv, and Lamun.

Copyright © 2025 FashionNetwork.com All rights reserved.



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comfort, super desirable extreme knitwear and freedom

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February 26, 2025

Iceberg opened Milan Fashion Week in signature style. The fashion brand, produced by Gilmar and celebrating its 50th anniversary, infused its Fall-Winter 2025/26 collection with a blend of Italian attitude, English heritage, and Irish knitwear expertise. Once again, British designer James Long took the creative helm, delivering a collection that balances tradition with contemporary edge.

Iceberg – Fall-Winter 2025/26 – Womenswear – Milan – ©Launchmetrics/spotlight

“The heart of Iceberg is in the knitwear, and it is in mine as well. I consider this season’s collection to be quite cozy—comfortable yet always ultra-desirable. I wanted to celebrate the knitting, techniques, and treatments we love, blending them with tailoring that plays between tradition and subversion, in a dynamic, sporty dimension that is always in motion,” creative director James Long told FashionNetwork.com. “I focused heavily on the shapes of the garments. Laces structure the pieces, while knitwear techniques are pushed beyond their limits to express a strong point of view. Iceberg’s positive energy is embedded in these smart, metropolitan looks. My guiding principle was ‘freedom’—in textures, in the use of colors, and in a mix of smart constructions with a balance of softness, femininity, and draped fabrics, because I also love tailoring.”

Iceberg – Fall-Winter2025 – 2026 – Womenswear – Italy – Milan – ©Launchmetrics/spotlight

“This is an extremely complex and uncertain time, and the challenge for both creative direction and company leadership is to find the right path when everything feels so complicated,” said Paolo Gerani, CEO of Gilmar, speaking backstage at the défilé. “The state of fashion is intricate—you can’t sum it up in just a few words. Some markets are more fluid and spontaneous, but at the same time, there is a shift in the globalized approach, which is changing the way fashion operates. There seems to be a growing detachment, not just due to general uncertainty but also because of a shift in consumer attitudes. Shoppers are now far less drawn to what was once considered ‘fashionable.’ Today, they seek more democratic, affordable pieces and are no longer chasing constant, frantic change.”

Iceberg – Fall-Winter2025 – 2026 – Womenswear – Italy – Milan – ©Launchmetrics/spotlight

“In our industry, there are so many variables to consider. At Gilmar, we strive to stay true to ourselves and always deliver high quality, embracing a democratic Made in Italy approach, even in terms of pricing,” Gerani continued, though he acknowledged the ongoing challenges in the sector. “Some brands are thriving, but the core of the business is struggling. The outlook is complex, and I don’t have a clear vision of what lies ahead. I can’t predict when this period of uncertainty will pass—I can only hope that the wars and the resulting economic and financial tensions will come to an end. Beyond that, I believe greater attention must be given to employees and workers, who now have very little spending power. Reviving the economy will be extremely difficult.”

Iceberg – Fall-Winter 2025/26 – Womenswear – Milan – ©Launchmetrics/spotlight

Returning to the collection, a ribbed gray sweater stands out with its wide sailor collar, paired with tailored, masculine-cut pants cinched at the waist with a mock-croc belt. The ribbed knit dresses feature an open collar, a dropped waist, and a pleated skirt with fluid movement, layered over a check poplin miniskirt with ruffles for a playful contrast of textures and lightness.

Check tailoring achieves a balance between softness and structure, with a collar finished in faux leather for added character. A tuxedo shirt with ruffles is so delicate it verges on transparency. A masculine double-breasted check suit is layered under a lace-up poplin coat, finished with raw edges to subvert classic tailoring conventions. The color palette explores three key shades: variations of blue, pinkish gray, and tweed mustard.

Iceberg – Fall-Winter2025 – 2026 – Womenswear – Italy – Milan – ©Launchmetrics/spotlight

Since its inception, Iceberg has made knitwear experimentation its signature. This season, it takes form in navy maxi stripes on an oversized ribbed sweater, accented with wool panels on the shoulders for contrast and a sporty touch. The high collar rises snugly, lined with faux shearling for added warmth. Meanwhile, oversized inlaid wool plaid coats are structured with faux leather details and profiled edges, paired with knee-length poplin skirts featuring soft ruffles and metallic eyelets.

The collection also introduces a wool city coat seamlessly sewn onto plaid poplin fabric, as well as a faux leather jacket with a cracked effect that reveals color as it creases. Cardigans take on a sculptural quality through bonding techniques, styled effortlessly with soft jeans and sneakers. Tailored pants complete the lineup, offered in low-waisted, beltless designs with inverted pleats finished in satin or faux leather piping along the seams.

Iceberg – Fall-Winter 2025/26 – Womenswear – Milan – ©Launchmetrics/spotlight

Closing the show were two oversized cardigan coats, so wide they featured an integrated scarf that skimmed the floor, almost like a wedding dress.

Accessories stood out, including mock-croc sandals with triple buckles and a medium heel, as well as flat boots with a minimalist design. Belts in crocodile print ran throughout the collection, while maxi bags in faux crocodile leather offered versatility from day to night.

Copyright © 2025 FashionNetwork.com All rights reserved.



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