Photo: James Leynse/Corbis via Getty Images
These are the stories making headlines in fashion on Monday.Saks to close 15 more storesSaks Global is closing 15 more stores — 12 Saks Fifth Avenue stores and three Neiman Marcus locations — as part of its restructuring plan. The luxury retailer has now shut down all its underperforming stores to focus its attention and money on more profitable locations. {Reuters}Shoppers rush to buy Matthieu Blazy’s ChanelFrench shoppers and fashion insiders swarmed to Chanel boutiques following the in-store release of Matthieu Blazy’s debut collection. Wait times for pairing with retail associates were as long as an hour. Blazy’s Chanel accessories drew the most interest, including its shoes and bags. Other favorites included a now sold-out long-sleeve button-down. “We haven’t seen this in a very long time. It’s been difficult to keep up with the demand,” a sales associate at Rue Cambon told Vogue Business. {Vogue Business/paywalled}Henkel acquires Not Your Mother’sGerman conglomerate Henkel has acquired hair care brand Not Your Mother’s from private equity firm Main Post Partners. The financial terms of the deal have not been disclosed. Henkel (which also owns Schwarzkopf and Got2b) hopes this acquisition will strengthen its U.S. presence. {PR Newswire}Chinese clothing manufacturers face price hikesThe Iran war-induced oil price spikes are driving up raw material costs across the supply chain, forcing Chinese clothing manufacturers to brace for price hikes. Some suppliers are adjusting costs as often as twice a day to keep up with market conditions. Meanwhile, many garment manufacturers are negotiating with clients to share the cost burden. If material costs continue to rise, they will eventually be passed on to consumers as well. {Bloomberg/paywalled}New York Times profiles celebrity makeup artist Nina ParkMakeup artist Nina Park has emerged as a celebrity favorite, thanks to her natural, no-makeup-makeup technique. “I respect artists who can completely transform a face. […] But for me, I’m just more interested in, like, balance and editing,” she told Yola Mzizi for The New York Times. Her approach has attracted the likes of Zoë Kravitz, Emma Stone, Margaret Qualley, Mia Goth and Greta Lee. Park also discussed her creative process, her art background and getting into makeup. {The New York Times/paywalled}Do you have an emerging brand you want to share with Fashionista readers? Jumpstart your business with our affordable digital offerings.
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