These are the stories making headlines in fashion on Friday. QVC Group Files for Bankruptcy Television shopping network QVC Group filed for bankruptcy on Thursday. This move is part of a plan to reduce its debt load to roughly $1.3 billion from about $6.6 billion. Vendors and other unsecured creditors are expected to be paid in full or have their claims left unchanged. QVC has faced many challenges in recent years, including a shrinking customer base and growing competition. { Bloomberg /paywalled} Allbirds Stock Sinks After AI Pivot After Allbirds Inc.'s surprising switch from sneakers to AI , shares sank 36% on Thursday, marking the biggest drop in three years. The initial reaction on Wednesday saw the stock soar more than 582%. Nearly 300 million shares exchanged hands on Wednesday, several times the daily average of just over 20 million. { Bloomberg /paywalled} Kering CEO Talks Gucci's Turnaround Plan Kering CEO Luca de Meo outlined plans to revive Gucci during his spee...
A popular way of dressing during a particular time or among a particular group of people. : the business of creating and selling clothes in new styles. : clothes that are popular.