If there's anytime to shake the foundation of New York Fashion Week, it's right now.
Proving that not even the billionaire backing of Howard and Nancy Marks can stave off the financial effects of the coronavirus, Sies Marjan revealed Monday it is closing its doors after five years. And just like that, another bright light of New York fashion — and New York Fashion Week — is gone.
Ralph Lauren had already broken away from the fashion pack, and was due to present his fall 2020 fashion show in April before it had to be canceled when the virus hit. It’s unclear what his plans are for September. Tommy Hilfiger has also been noncommittal, telling WWD he could soon transform his TommyNow extravaganzas to virtual events. Diane Von Furstenberg seems unlikely to make a runway splash, given the restructuring her company is going through, and Phillip Lim is also TBD.
But the spear of that initiative, along with Ford and the CFDA, is Vogue editor in chief Anna Wintour, who is at the center of a firestorm of negativity about her lack of diversity efforts at Condé Nast. It remains to be seen how that will affect her position to rally the industry, or speak for it.
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