Must Read: Authentic Brands Group to Acquire Barneys, Nike and Ocean Conservancy Announce New Arctic Shipping Pledge

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These are the stories making headlines in fashion on Friday.

Authentic Brands Group to acquire Barneys
After long debate, Authentic Brands Group has emerged as the successful bidder to acquire Barneys New York. With this acquisition, ABG plans to enhance its luxury footprint and continue to establish its position as a leader in contemporary fashion. The company also hopes to grow Barneys’ presence as a global luxury retailer and lifestyle brand by leveraging its international scale, marketing expertise and network of partners. {Fashionista inbox}

Nike and Ocean Conservancy announce new arctic shipping pledge
On Oct. 24, Nike and Ocean Conservancy launched the “Arctic Shipping Corporate Pledge” – an initiative inviting industry leaders and businesses to commit to not ship goods through Arctic Ocean shipping routes. Due to climate change, Arctic ice continues to dwindle, allowing cargo traffic through ocean routes that were once unnavigable. Though this route has proven to be much quicker for transit times, traffic on Arctic shipping routes poses devastating environmental impacts. {Fashionista inbox}

Drugstores are expanding their beauty departments
CVS announced the expansion of its Beauty IRL retail concept – consisting of indie brands and beauty services – which will roll out to 50 of its 8,000 locations this year. Walgreens has also added some of the same features to about a third of its 9,500 stores in hopes that these new, upgraded aisles are an attempt at entering back into the beauty market. {Business of Fashion}

China’s Fashion Week in Beijing
Fashion Week will be held in Beijing starting on Friday, Oct. 25 through Nov. 2 and will mark the first season since the China Fashion Association – the group that organizes China Fashion Week – formed a strategic partnership with ‘s China edition. As part of the partnership, a series of panel discussions and exhibitions will be held during the week. {}

Companies join Kering-led fashion pact
The Fashion Pact, spearheaded by French luxury group Kering, has gained momentum as 24 more companies in the fashion and textile industry have signed on to the environmental initiative. The Fashion Pact – now at 250 total participants – invites brands to eliminate single-use plastics, utilize renewable energy and promote regenerative agricultural practices. {}

Gucci’s fellowship program targets diversity and inclusion
As part of Gucci’s diversity and inclusion initiative, the luxury brand has created The Design Fellowship Program to promote cultural exchange between designers coming from different backgrounds. Launched in March of 2019, Gucci’s fellowship is meant to offer opportunities to underrepresented groups of talent worldwide from Ghana to Mexico. {}

These are the brands rebranding body hair
Brands like Flamingo, Fur and Billie are encouraging body hair to become a bigger part of our lives by launching products that emphasize choice when it comes to personal grooming. Undoubtedly, these brands are sparking a conversation about women, body hair and feminism, and by doing so, they’re also tapping into a larger business opportunity. {Fast Company}

Forever 21’s secretive family operation
Since mega, fast-fashion retailer Forever 21 announced its bankruptcy, much of the company’s secretive operation has come to light. Six former employees (including three executives) recently detailed their experience working for the company and the mismanagement of the Chang family. {Business of Fashion}

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