These are the stories making headlines in fashion on Friday.
NYC Alliance Acquires Derek Lam 10 Crosby
NYC Alliance, a global multi-channel apparel company, has acquired Derek Lam 10 Crosby from Public Clothing Company. The transaction of an undisclosed amount was completed on April 30, 2026. NYC Alliance’s portfolio includes 525 America, 89th & Madison, and licensed brands Juicy Couture and Frye. With this acquisition, NYC Alliance plans to strategically grow wholesale and retail presence across all product categories. {Fashionista inbox}
Ferragamo Sales Dip 1.2% in Q1 2026
Ferragamo released its Q1 2026 earnings on Thursday, which showed the group’s total revenue dropped 1.2% to €209 million ($243 million). North American sales increased by 18.8% at constant exchange rates, while Europe declined by 17% and Asia Pacific dipped by 5.4%. Global instability, exacerbated by war in the Middle East, has impacted luxury sales, but the Italian company said it will „continue to prioritize top-line and distribution quality“ moving forward. {Ferragamo}
Milan Fashion Week’s New Guidelines Discourage Fur
Camera Nazionale della Moda Italiana (CNMI), the organization behind Milan Fashion Week, released its voluntary guidelines on the use of fur during the event. The guidelines invite brands not to show any garments, accessories or other items made with animal fur, but CNMI will not prevent participating brands from using fur. This move comes after engagement with LAV, Collective Fashion Justice and Humane World for Animals. {Fashionista inbox; Camera Nazionale della Moda Italiana}
Loro Piana Names Winners of the Knit Design Award 2026
Halla Lilja Ármannsdóttir and Viola Schmidt.
Photo: Courtesy of Loro Piana
Loro Piana named The Swedish School of Textile with students Viola Schmidt and Halla Lilja Ármannsdóttir as the winners of this year’s Knit Design Award. The winners received a trophy, a scholarship and a job experience at Loro Piana. They can also complete their design project in Loro Piana’s yarn and knitwear workshops in Piedmont to be showcased at the brand’s booth at Pitti Filati. {Fashionista inbox}
How Influencers Navigate Promoting Dupes
Dupes have become standard practice in the fashion industry. Followers often request affordable alternatives to influencers‘ expensive designer garments, but sharing dupes could risk upsetting the brands influencers hope to partner with. At the same time, sharing dupes is often more lucrative when it comes to affiliate since many users can afford those pieces. Today, influencers are prioritizing building follower trust rather than charming potential brand partners. {Business of Fashion/paywalled}
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Ref: https://fashionista.com/2026/05/nyc-alliance-acquires-derek-lam-10-crosby
