Fashion Stocks Climb as U.S. Delays Some Tariffs Until Mid-December

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Fashion stocks posted strong gains after the news broke that some tariffs will be delayed until mid-December. 🔐

Just days after Yang Mi severed ties with Versace over slights to Chinese sovereignty, Coach and Givenchy too have run afoul of the same sensitive issue. ⁣ ⁣ The two brands issued apologies on their official Weibo accounts on Monday for giving off the impression that Hong Kong and Taiwan are separate countries.⁣ ⁣ Liu Wen, Coach ambassador and China’s most high-profile model, publicly distanced herself from the brand on Monday morning, as did actress Guan Xiaotong.

#wwdfashion #copenhagenfashionweekThe Council of Fashion Designers of America is facing criticism over jeweler Kara Ross seat on its board and one outraged designer has canceled their membership in response.⁣ ⁣ Ross, the wife of billionaire real estate tycoon and investor Stephen Ross, is said to have helped plan her husband’s Hamptons fundraiser this weekend for President Donald Trump’s reelection campaign.

 

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