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Can Gap Inc. Be Fixed?

Richemont Sells YNAP Stake to Farfetch, The Debrief on Black Hair Care

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, AUGUST 25, 2022 Gap Inc.'s unsuccessful effort to pull its namesake brand out of a decades-long downward slide is just one of many challenges it's facing. Richemont is selling a large stake in Yoox Net-a-Porter to Farfetch, a key step toward ending a costly push into multi-brand e-commerce. Zegna inked a partnership with Real Madrid, the latest in a wave of fashion and football tie-ups. This week on The Debrief, correspondents Sheena Butler-Young and Tamison O'Connor discuss the start-ups transforming the textured hair care market.

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RETAIL Inside Gap Inc.'s 20-Year Struggle to Revive Its Namesake Brand By Lauren Sherman

Why the retail group appears to be in constant turnaround mode — and the measures it may need to take to change the narrative. READ MORE

LUXURY Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch By Tamison O'Connor and Robert Williams

The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said. READ MORE

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NEWS BRIEFS SCAD Names Dirk Standen Dean of School of Fashion Gen-Z Is 'Shopping to Sell' Luxury Brands as an Inflation Hack Zegna Signs Partnership With Spanish Football Club Real Madrid Nordstrom Falls After Cutting Its Full-Year Earnings Forecast

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PODCAST The Debrief | The Transformation of the Black Hair Care Market By BoF Team

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Tapestry's Strategy to Increase Equity and Diversity at All Employee Levels The parent company of Coach, Kate Spade New York and Stuart Weitzman seeks to expand diversity within its leadership teams and tackle gender and racial inequality in the workplace within its 2025 goals. To spearhead this work, the organisation recruited David Casey as its first chief inclusion and social impact officer earlier this year.  "It is not just enough to have representation — we want to understand and impact the lived experiences of our associates," Casey tells BoF. READ MORE

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