Martine RosePhoto: Dave Benett/Getty Images for Havana Club
These are the stories making headlines in fashion on Thursday.Martine Rose cancels Fall 2026 productionMartine Rose has canceled production of her Fall 2026 collection. Rose said in a statement that she was “forced to make the unprecedented decision to cancel the season’s production orders. This is incredibly frustrating for myself and my team, especially following the successful sales season we’ve just had. However, these drastic measures are necessary to ensure my brand’s long-term success.” Rose sold a majority stake of her label to Tomorrow Ltd. in 2021. {WWD/paywalled}Missoni family exits namesake brandThe Missoni family is selling its remaining stake in its namesake label nearly 75 years after founding it. Private equity fund FSI will acquire a controlling share in the business, increasing its holding to 73% from 41%. Investment group Katjes International will enter as a minority shareholder with a 27% stake. The financial terms of the deal were not disclosed. {Business of Fashion/paywalled}Net-a-Porter reportedly lays off at least 100 employeesNet-a-Porter and Mr Porter laid off at least 100 employees last Friday, Puck reported. The company is also said to have closed its in-house photo studios in London and the U.S., but will still operate one in Milan. The layoffs are part of an ongoing restructuring after Mytheresa acquired Yoox Net-a-Porter and formed the LuxExperience group last year. Last September, LuxExperience said that as many as 700 employees would be let go as the company merged Mytheresa and YNAP’s operations. {Puck/paywalled}Virgil Abloh Archive launches print publication The Virgil Reader Vol. 001
Photo: Courtesy of Virgil Abloh Archive™
Virgil Abloh Archive introduced its first print publication, The Virgil Reader Vol. 001, which is now available for global pre-order. The publication offers insight into Abloh’s creative process, ideas and cultural commentary through interviews and archival materials. Pre-order the publication for $55 here. The Archive is also opening a free public membership where members will receive a digital excerpt from The Virgil Reader Vol. 001, the Archive newsletter and priority access to future announcements, releases and events. {Fashionista inbox}Prada Group reports 9% revenue boost in 2025Prada Group released its full-year 2025 results on Thursday, which showed a 9% year-over-year increase in net revenues to €5.72 billion ($6.64 billion) and retail sales of €5.10 billion ($5.92 billion), also up 9% year-over-year at constant exchange rates. By brand, Miu Miu retail sales were up 35% and Prada’s fell by 1%. The Group also said it expects Versace, which it acquired in December, to incur operating losses in 2026. “With the acquisition of Versace, we welcomed a brand with incredible heritage and awareness; this new journey will demand respect, care and patience,” said Andrea Guerra, Group CEO, in a statement. {Prada Group}Victoria’s Secret sales rose 5% in 2025Victoria’s Secret reported net sales of $2.27 billion for Q4 2025, an 8% increase compared to Q4 2024. For its full-year 2025 results, the company saw net sales of $6.55 billion, a 5% increase compared to fiscal year 2024. It’s forecasting net sales for Q1 2026 to be in the range of $1.49 billion to $1.53 billion. {Victoria’s Secret}Equinox names Le Labo as its global amenities partner
Photo: Courtesy of Equinox
Equinox has selected Le Labo as its new global amenities partner, launching in all clubs March 19. Equinox clubs will feature a curated selection of Le Labo’s Body–Hair–Face Collection, including shampoo, conditioner, shower gel, face cleanser, face lotion and body & hand lotion. {Fashionista inbox}Fashionista’s audience includes 1 million site visitors, 110,000 newsletter subscribers and 4.74 million social media followers. Want to know how to reach them? Learn more.
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