Saks Global CEO Marc MetrickPhoto: Nina Westervelt/WWD via Getty Images
These are the stories making headlines in fashion on Monday.Saks Global CEO expected to step down (report)Saks Global CEO Marc Metrick is expected to exit the business, Puck’s Lauren Sherman reported on Sunday. This news follows Bloomberg’s report that Saks Global was considering Chapter 11 bankruptcy as a last resort ahead of a $100 million+ debt payment due at the end of December. Metrick reportedly missed a scheduled meeting with Neiman Marcus Group executives in Dallas, while multiple vendors told Puck that communications with Metrick, with whom some speak on a weekly basis, had ceased. {Puck/paywalled}Brigitte Bardot dies at 91Actor, singer and animal rights activist Brigitte Bardot died at 91 on Sunday. Bardot became a global fashion icon and a key influence for “French girl style” thanks to films like “And God Created Woman” and “Contempt.” Tributes from Claudia Schiffer, Repetto, French President Emmanuel Macron and more poured in over the weekend to honor Bardot’s legacy. {WWD/paywalled}Apple’s Tim Cook doubles his Nike stakeApple CEO Tim Cook bought about $3 million worth of shares in Nike, which nearly doubled his personal stake in the sportswear brand. Cook, who has been on Nike’s board since 2005, bought 50,000 shares at $58.97 each. As of Dec. 22, he held about 105,000 shares. It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade. {Reuters}Anastasia Beverly Hills owner injects $225 million into brandFounder and CEO Anastasia Soare invested $225 million of her own money into Anastasia Beverly Hills following the exit of private equity firm TPG from a large portion of its stake in the company earlier this month. This move gives the brand “greater financial flexibility” in an “uncertain market environment,” according to a statement by Soare. The investment also significantly reduces the company’s debt. {Business of Fashion/paywalled}The winners and losers of tariffsThis year, tariffs kicked in at their highest rate since the Great Depression. To demonstrate the widespread impact of tariffs, Modern Retail rounded up the winners and losers of the changes in tariff policy this year. Winners included ThredUp, Costco, Walmart, “Made in U.S.A.” brands and The RealReal. Losers included Temu, John Deere, Best Buy, Under Armour and small businesses. {Modern Retail}Italy targets ultra-fast fashion with new levyOn Dec. 23, Italy’s Senate passed the “Legge di Bilancio 2026,” or “Budget Act 2026,” which introduces a measure that imposes a levy of €2 on all parcels valued at less than €150 coming into Italy from extra-European Union countries. Low-value goods like those sold by the likes of Temu and Shein, were previously duty-free. The bill still needs to be approved by the Italian Parliament’s Lower House. {WWD/paywalled}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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