Fashion Commission, Saudi Retail Academy to Develop National Talent 

Fashion Commission, Saudi Retail Academy to Develop National Talent 
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Fashion Commission, Saudi Retail Academy to Develop National Talent 

Fashion Commission, Saudi Retail Academy to Develop National Talent 

The Saudi Fashion Commission signed a memorandum of understanding (MoU) with the Saudi Retail Academy to develop national capabilities and boosting specialized skills in the fashion and retail sectors, reported the Saudi Press Agency on Monday.

The MoU aims to support local talent and the creation of sustainable employment opportunities in this vital industry. It stems from the two sides’ keenness to cooperate in the fields of training and professional development.

The agreement was signed on the sidelines of the graduation ceremony of the academy’s first cohort.

The Fashion Commission focuses on developing local talent, transferring global expertise, and advancing the fashion sector in the Kingdom, while the Saudi Retail Academy is a non-profit institute and a specialized entity in training and development in the retail field and in building professional competencies and skills related to retail and sales.

The MoU aims to establish a framework for cooperation to design and implement specialized training programs that boost the readiness of national cadres and qualify them according to the highest professional standards, with a focus on developing skills in sales, customer experience, and store management to meet labor market requirement and the needs of the growing fashion sector.

Fashion Commission chief executive Burak Cakmak said that developing human capital is a fundamental pillar for the long-term growth of the Kingdom’s fashion sector.

The partnership reflects the commitment to strengthening the capabilities that form the foundation of a competitive and sustainable industry through investment in specialized skills within retail and customer experience, enabling brands to grow and supporting the sector’s confident evolution, he added.

Saudi Retail Academy chief executive Hend Al-Dhaban stressed that the partnership embodies a shared vision to empower national talent and elevate professionalism in the retail sector.

The agreement will help channel training expertise to meet the specialized needs of the fashion sector and equip young men and women with the practical skills required to succeed in the labor market, thereby boosting service quality and supporting localization targets and economic growth, she explained.

This cooperation is part of the Fashion Commission’s ongoing efforts to develop the fashion value chain through building strategic partnerships with specialized training and education entities, expanding professional opportunities for national talent, and linking education and training outputs with labor-market needs.

Through their partnership, the commission and the academy will help in building an integrated ecosystem that connects education, vocational qualification, and employment, bolstering the competitiveness of the fashion and retail sectors and supporting the objectives of Saudi Vision 2030 in empowering national cadres, localizing jobs, and improving quality of life.



Shein to Buy Apparel Retailer Everlane

People walk past the Everlane Soho store on May 22, 2026 in New York City. (Getty Images/AFP)
People walk past the Everlane Soho store on May 22, 2026 in New York City. (Getty Images/AFP)
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Shein to Buy Apparel Retailer Everlane

People walk past the Everlane Soho store on May 22, 2026 in New York City. (Getty Images/AFP)
People walk past the Everlane Soho store on May 22, 2026 in New York City. (Getty Images/AFP)

US apparel brand ‌Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for sustainability and supply-chain transparency.

Everlane will remain independent, its CEO Alfred Chang said in a statement, adding that the brand will hold its sustainability commitments while expanding to a global reach through ‌the deal.

Shein has ‌long admired Everlane and ‌plans ⁠to use the ⁠brand to enhance its own image of just affordable fast-fashion and drive cross-selling opportunities, a source familiar with the matter told Reuters, adding that there were multiple bidders for Everlane.

Puck News first reported the deal and ⁠said it values the brand at ‌about $100 million on ‌Sunday, adding that shareholders with common stock in Everlane ‌would not receive a payout.

L Catterton, ‌the majority owner of Everlane, and Shein have yet to respond to Reuters requests for comment.

Companies such as Shein and Temu have disrupted ‌retail markets through aggressive pricing, heavy marketing and tax loopholes that initially ⁠gave ⁠them an edge over local players.

Shein plans to invest in growing Everlane and is expected to keep its physical stores open for now, according to the source, even though brick-and-mortar retail is not central to its business model.

At the same time, the company's faster production cycles and ability to quickly bring new products to market could support Everlane's operations.


Deal That Could Have Put Clinique, Charlotte Tilbury and Jean Paul Gaultier Under One Roof Is Off

A Charlotte Tilbury beauty counter is seen at the John Lewis retail store on Oxford Street in London, Britain, October 24, 2024. (Reuters)
A Charlotte Tilbury beauty counter is seen at the John Lewis retail store on Oxford Street in London, Britain, October 24, 2024. (Reuters)
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Deal That Could Have Put Clinique, Charlotte Tilbury and Jean Paul Gaultier Under One Roof Is Off

A Charlotte Tilbury beauty counter is seen at the John Lewis retail store on Oxford Street in London, Britain, October 24, 2024. (Reuters)
A Charlotte Tilbury beauty counter is seen at the John Lewis retail store on Oxford Street in London, Britain, October 24, 2024. (Reuters)

Estee Lauder and perfume maker Puig have ended merger talks that would have potentially put brands like MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof.

Estee Lauder Cos. confirmed the discussions in March but said at the time that no agreement had been reached with the century-old Spanish company.

“We are grateful for the conversations we have had with Puig,” Estee Lauder CEO Stéphane de La Faverie said in a prepared statement late Thursday. “Today, we are reiterating our confidence in the power of our incredible brands, our talented teams, and our strength as a standalone company."

The New York-based company said in February 2025 that it could possibly cut as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce. De La Faverie said at the time that Estee Lauder was transforming its operating model to be “leaner, faster, and more agile.”

Puig oversees makeup, skin care and fragrance brands like Nina Ricci, Jean Paul Gaultier and Dr. Barbara Sturm. The company went public on the Madrid Stock Exchange in early 2024.

Shares of Estee Lauder jumped more than 12% in early trading Friday.


Ruffles, Biker Leather and Celebs at Louis Vuitton's New York Show

Models present creations by designer Nicolas Ghesquiere during the Louis Vuitton Cruise 2027 collection show in New York City, US, May 20, 2026. REUTERS/Jeenah Moon
Models present creations by designer Nicolas Ghesquiere during the Louis Vuitton Cruise 2027 collection show in New York City, US, May 20, 2026. REUTERS/Jeenah Moon
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Ruffles, Biker Leather and Celebs at Louis Vuitton's New York Show

Models present creations by designer Nicolas Ghesquiere during the Louis Vuitton Cruise 2027 collection show in New York City, US, May 20, 2026. REUTERS/Jeenah Moon
Models present creations by designer Nicolas Ghesquiere during the Louis Vuitton Cruise 2027 collection show in New York City, US, May 20, 2026. REUTERS/Jeenah Moon

French fashion house Louis Vuitton combined ruffles, biker leather and the graphic art of Keith Haring for its celebrity-packed cruise 2027 show at a New York museum on Wednesday night.

Under the gaze of Zendaya, Anne Hathaway and Cate Blanchett, Louis Vuitton's artistic director for women's wear Nicolas Ghesquiere presented a collection built on contrasts and bright pops of color, said AFP.

Structured leather jackets were paired with fluffy Medici collars.

Ensembles were punctuated by the Pop Art movement's orange, pink and green, while also giving way to deep purple, dusty pink and teal.

Whether the models donned heels or sneakers, the shoes were metallic, and legs were on display with boxer shorts, biker shorts and tailored Bermuda suits.

Hats -- bucket or brimless -- topped models' heads when hair wasn't left loose and marked with the horizontal streaks popularized by figure skater Alysa Liu, the brand's new ambassador.

The show was held at The Frick Collection, marking the first time a fashion show has been hosted by the museum since its renovation last year.

Formerly the mansion of a steel magnate, the museum teems with an impressive collection of European paintings and art dating back to the Renaissance. Models stalked down the runway, passing under archways and past famed artworks.

"Within the timeless rooms of The Frick Collection, beauty and art transcend time in a quiet dialogue, while beyond its walls, New York City pulses with constant reinvention -- a convergence of contrasts," the fashion house posted on Instagram, with the brand and the museum announcing a three-year patronage partnership.

Notably, Louis Vuitton will fund three temporary major exhibitions and host free visitor after-hours evenings at the museum on the first Fridays of every month for a year.

Europe's major fashion houses have shown exceptional interest in the American market and culture recently.

Louis Vuitton's men's collection by hip hop star Pharrell Williams drew inspiration from the Big Apple, and Gucci and Dior have recently unveiled their cruise collections in New York and Los Angeles, respectively.

In December, Chanel held its show in the New York subway.