First Pass

41 stories from 6 sources

Fashion Markets Split on IPOs and Marketing Costs

Day’s Recap

Supporting Articles

Reformation began trading publicly with a modest rise in its shares. CEO Hali Borenstein said the sustainable fashion brand still has substantial room to expand.

5:08 PMWWD

Reformation raised $210.9 million in its IPO, pricing shares at the bottom of the marketed range. The sustainable womenswear company opened at its IPO price in its first trading session.

12:10 PMBloomberg Markets

Adidas shares fell 17% after the sportswear company reported a 30% increase in marketing spending, despite the visibility generated by its World Cup-winning teams.

7:06 AMMarketWatch

Prada Group is prioritizing high-spending customers and creative development after a strong first half. The group is preparing a major Prada Galleria store in Milan, while Versace has appointed Pieter Mulier as chief creative officer.

12:06 PMWWD

Lenzing's transformation plan prioritizes its nonwovens business and includes planned facility closures. The changes are intended to reshape the group's operations.

3:53 PMWWD

Giorgio Armani’s life and career will be adapted into a high-end television series produced by Lux Vide in collaboration with the fashion house he founded. The international project will draw on Armani’s career and longstanding ties to Hollywood.

5:00 AMVariety

Other Developments

A curated list of other prominent stories from this day.

Rachel Scott presented her debut Proenza Schouler collection to leading clients at Neiman Marcus Beverly Hills. The appearance gave the new creative director an early retail-facing platform for the brand’s fall 2026 offering.

5:31 PMWWD

Crocs will change how it classifies North American marketplace revenue between its direct-to-consumer and wholesale segments as TikTok Shop expands.

4:50 PMWWD

Kaia Gerber wore a black Fendi couture look featuring silk chiffon, cascading ruffles and suede sabot heels to the London screening of The Shards. The outfit followed a beaded Valentino appearance in New York.

4:46 PMWWD

Hannah Waddingham wore Paris Texas’ extremely narrow heels with an Elisabetta Franchi dress at a Ted Lasso question-and-answer event. The look placed the footwear label in a high-visibility celebrity styling moment.

4:12 PMWWD

Nike will release Paige Bueckers' Shirley Buckets shoes to the public, expanding a player-specific design beyond its original promotional context. The name references Bueckers' fondness for Shirley Temple drinks.

4:04 PMWWD

Nicole Kidman wore a Fendi look with wide-leg trousers and barely-there shoes to the Lioness premiere. The styling paired a largely concealed shoe with a streamlined trouser silhouette.

3:47 PMWWD

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