.Gucci is the fastest-growing luxury label in 2019 ranking:
Author:Kylie SmithUpdated:Oct 17, 2019Original:Oct 17, 2019These are the stories making headlines in fashion on Thursday. The recently bankrupted Barneys New York has accepted a bid from Authentic Brands Group for $271.4 million. If the deal goes through — the auction runs through Oct. 22 — ABG will close all Barneys storefronts and may open Barneys shop-in-shops within Saks Fifth Avenue locations. ABG is no stranger to rescuing brands; it has previously bought Nine West and Juicy Couture.
{Hollywood Reporter} Indonesian garment workers have filed a complaint against Fast Retailing, Uniqlo's parent company, for violating the Fair Labor Association's Workplace Code of Conduct, which ensures the "respectful and ethical treatment of workers" and works to "promote sustainable conditions" in the garment industry. In 2015, two garment factories in Indonesia closed down overnight without paying wages to its workforce.
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