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☆ Is Tom Ford Saying Farewell to Fashion With His Surprise ‘Final Collection’?
▼ + stars: | 2023-04-26 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

On Wednesday, he dropped a surprise “final collection” (according to a news release) in the form of three short videos by the photographer Steven Klein. The videos came unaccompanied by any statement, and Mr. Ford declined requests for comment. Neither Estée Lauder nor Zegna, which has the license for Tom Ford fashion, could be reached for comment. Still, the collection answered the question that had been hanging over the brand since its sale in November: Would Mr. Ford stay or go? Rumor has it that Peter Hawkings, Mr. Ford’s longtime men’s wear designer, is getting the job.

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."

☆ Estée Lauder Companies is buying Tom Ford in a deal worth $2.8 billion
▼ + stars: | 2022-11-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

In a landmark deal announced Tuesday, Estée Lauder Companies (EL) said it was acquiring its longtime partner Tom Ford. The deal will allow two of Tom Ford’s current partners, Ermenegildo Zegna and Marcolin, to extend their existing licensing agreements, the companies said. Marcolin will continue making sunglasses and optical frames with the Tom Ford brand. Tom Ford and Estée Lauder have been partners for more than 15 years, launching the Tom Ford Beauty brand together in 2006. Estée Lauder Companies, which is home to other global beauty brands such as Clinique and Bobbi Brown, said Tuesday that it expected annual sales of Tom Ford’s cosmetics line to reach $1 billion “over the next couple of years.”“As an owned brand, this strategic acquisition will unlock new opportunities and fortify our growth plans for Tom Ford Beauty,” Estée Lauder Companies President and CEO Fabrizio Freda said in a statement.

☆ The NFL’s Go-To Tailor? A Former Accountant From New Jersey
▼ + stars: | 2022-10-25 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

On game days, Jimmy Garoppolo, the San Francisco 49ers starting quarterback, usually bounds off the team bus in a svelte suit, looking more like a media mogul than a Super Bowl winner. His pinched jacket and tapered trousers could well be from some Italian tailoring institution like Zegna. But their actual origin is often Gentleman’s Playbook, a custom-suit brand run out of a Hoboken, N.J., apartment by Tom Marchitelli, 41, a former hedge-fund accountant. The brand is barely known to the broader fashion world. But through locker-room word-of-mouth and furious social-media outreach, Mr. Marchitelli has become a go-to for professional athletes.

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