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Topshop Is Closing All of Its US Stores After Filing for Bankruptcy

Here are all the fashion news you missed this week!
Topshop Is Closing All of Its US Stores After Filing for Bankruptcy
IMAGE INSTAGRAM/jrmconstruction, lauraelizalou
Here are all the fashion news you missed this week!

Start your week with all the latest happenings in the world of fashion:

1. Topshop files for bankruptcy; closes all of its US stores.

UK retailer Topshop has recently filed for court protection under Chapter 15, the section of the US bankruptcy code that deals with foreign insolvencies. Shortly after, Arcadia Group, Topshop's parent company, moved to close all of its 11 stores in the US. That said, however, the brand won't be pulling out from its wholesale retailers (like Nordstrom) and its online platform.

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Read more here.

2. Warehouse collaborates with  London-based cult brand Shrimps.

Warehouse has partnered with Shrimps to produce a unique edit inspired by summer holidays, featuring soft and fresh hues perfect for the sunny days. Expect playful pieces that will also bring forth a sense of easy glam to your everyday wear.

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PHOTO BY Courtesy of Warehouse

3. Lacoste Is Replacing Its Iconic Croc Logo for a Good Cause

Lacoste continues to help raise awareness about the extinction of threatened species. Their three-year partnership with the International Union for Conservation of Nature (IUCN) started in 2018, and since then, the two have joined forces to support the conservation action. To support the cause, Lacoste now produces a new batch of its limited-edition polo shirts, featuring a different logo instead of the brand's iconic croc. "For each one of them, the number of polo shirts produced matches the number of animals known to remain in the wild. This year, the crocodile keeps on fighting for the survival of wildlife with the 10 brand new threatened species, and will continue to help raise awareness of this alarming issue," according to the brand's statement.

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4. French brand Courrèges arrives in the Philippines.

French brand Courrèges has arrived in the country! Its inaugural collection under its new creative director Yolanda Zobel is also available now to shop. Courrèges became popular in the '60s for its go-go boots, miniskirt, and its signature use of vinyl. Under Yolanda, the brand hopes to retain its futurist ethos and '60s roots with a sustainability plan in mind. Courrèges is available via Univers d'homme et femme located at One Rockwell East Tower.

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5. Cartier Recognizes Filipina Entrepreneur Carmina Bayombong.

Cartier announces its seven laureates of the 2019 edition of the Cartier Women’s Initiative. This initiative aims to reiterate Cartier's "commitment to women entrepreneurs as well as the ambition to empower them to speak up and reveal their ideas." This year's theme is The Ripple Effect, which "pays tribute to entrepreneurs who serve as catalysts for change and growth within their communities and the broader society."

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Among the seven laureates, a Filipina named Carmina Bayombong takes a spot in the business competition with her company InvestEd, an investment platform providing student loans to underserved youth using a proprietary credit-rating algorithm. Other awardees include Yeon Jeong Cho from Korea, Zineb Agoumi from France, Liza Velarde of Mexico, Hibah Shata from UAE, Ran Ma from the US, and Manka Angwafo from Cameroon. All laureates will receive $100,000 in prize money.

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