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BFC announces Foundation Scholarship recipients

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October 13, 2025

The British Fashion Council (BFC) has announced the recipients of its 2025/26 BFC Foundation BA and MA Scholarships.

Sabrina Nieddu

The new MA scholarships, available to students accepted on an MA Fashion Design course at a BFC Colleges Council member university, include Sabrina Nieddu (Kingston School of Art) and She Carmona (UAL Central Saint Martins).

Meanwhile, the Chanel MA scholarship recipient is Elizabeth Uno-Ekwang (UAL Central Saint Martins), while the Dior Men MA scholarship recipient is George Zverko (UAL Central Saint Martins) and Joe Casely-Hayford MA scholarship recipient is Stella Osei (UAL Central Saint Martins).

Returning MA scholars are UAL Central Saint Martins students Oliver Clarke and Yodea Marquel Williams and UAL London College of Fashion student Geraint Brian Lewis.

On to BA scholarship recipients, this year’s line-up includes Madeleine Miller (University of Westminster) and Malachi Marriner (UAL Central Saint Martins).

The BA scholars returning this year are UAL Central Saint Martins trio Abdula Ahmad, Ayobami Ajetomobi and Cléa Henry-Gabriel-Calixte, joined by Molly Putner (Kingston University) and Reuben Harris (University of Westminster). 

BA final-year scholarship recipient is Aaysha Mehra (Manchester Fashion Institute) whileThe BA scholars returning this year are Aaron Adkins (Manchester Fashion Institute), Aliyah Dankwah, (University of Westminster), Luke Saul (UAL Central Saint Martins) and Zahra Al-Najjar (UAL Central Saint Martins). 

The BFC Foundation initiative, which “funds education… and fuels the future of British creativity”, delivers scholarships “to provide essential financial support to students who have offers from, or are currently studying at, BFC Colleges Council member universities across the UK”, the BFC said.

Beyond funding, each scholar gains access to the BFC Scholars Programme for the duration of their scholarship, which includes advisory touchpoints, access to industry-led workshops and creative development opportunities designed to bridge the gap between education and professional practice.

Laura Weir, BFC chief executive, said: “Congratulations to this year’s BFC Foundation BA and MA scholars. Your ideas, energy and determination will define the next chapter of British fashion. These scholarships are about more than funding. They are about access, and opportunity. They ensure that creativity is not confined to geography or privilege but open to talent wherever it lives, from cities to regions, from established fashion schools to new voices rising outside the traditional centres.”

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Watchfinder UK sees further losses but revenue jumps

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December 16, 2025

Richemont’s Watchfinder.co.uk has filed its accounts for the year to March 2025 with the retailer of premium pre-owned watches reporting a similar sized loss to the previous year although revenue was higher.

Watchfinder & Co.

In fact, sales increased as much as 18%, reaching just under £110 million and gross profit was up 10% at £15.4 million. But the operating loss was £12.58 million after a loss of £12.53 million in the previous year. The net loss for the financial year was slightly narrower than in the previous period, dropping to £12.156 million from £12.614 million.

The numbers relate to its UK activities specifically and the company said that despite a challenging trading year, it maintained its position as a market leader for luxury preowned watch sales in the country. But the strong volatility of prices in the market, together with the difficult economic environment in Britain had an impact on its trading results.

For the current year, the board said that it will continue to elevate the brand positioning, enhanced brand awareness and develop its presence further in key locations around the world. It will also look at continuing to expand the business in the UK via a combination of e-commerce and a physical retail presence.

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Louis Vuitton names Future as new ambassador

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December 16, 2025

Louis Vuitton has named Grammy Award–winning artist Future as its newest ambassador, deepening the maison’s ongoing commitment to celebrating talent across cultural landscapes. 

Louis Vuitton names Future as its newest ambassador. – Louis Vuitton

The Atlanta-born rapper, producer and composer continues to dominate the global music landscape. Most recently, he released back-to-back chart-topping albums, “We Don’t Trust You” and “We Still Don’t Trust You”, which became an international phenomenon and further cemented Future’s status as a cultural trailblazer. Over the course of his career, Future has earned 11 number-one albums and multiple chart-leading singles.

“Future embodies the core values of Louis Vuitton, including creativity, artistry, and a pioneering spirit that resonates with international audiences,” the maison said in a statement. “His unique style and creative vision make him an invaluable addition to the Louis Vuitton family.”

It’s not the first time Future collaborates with Louis Vuitton. He attended Louis Vuitton’s Men’s Spring–Summer 2026 show in Paris at the invitation of Pharrell Williams, a longtime friend and creative collaborator. Earlier this year, Future also appeared at the 2025 Met Gala, themed “Superfine: Tailoring Black Style,” wearing a custom Louis Vuitton grey quarter-zip ensemble layered with a tie, designed by Williams.

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Rent the Runway sales lift on increased active subscribers

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December 16, 2025

Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.

Rent the Runway

The New York-based firm said ending active subscribers grew 12.4%  to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.

Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.

In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.

“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.

“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”

Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.

The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.

Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
 

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