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Must Read: Marc by Marc Jacobs to Collaborate with Disney, Converse Sales Are Way Up

And Proenza Schouler's new interim CEO is all about handbags.
This archival image of Alice will be incorporated into the Marc by Marc Jacobs capsule collection. Photo: Marc Jacobs

This archival image of Alice will be incorporated into the Marc by Marc Jacobs capsule collection. Photo: Marc Jacobs

Converse continues to grow significantly under Nike
Things just keep looking up for Nike. Riding on the success of its World Cup marketing efforts and the athleisure trend, the company reported that fiscal 2015 revenues were up 10 percent to $30.6 billion. Though sales were down in Japan (-24 percent) and Eastern Europe (-11 percent), Western Europe (+49 percent), China (+22 percent) and the U.S. (+18 percent) all saw solid growth over the course of the year, and sales were up across its men's, women's and youth categories. But the real star of the show was Converse which, though it accounts for less than 7 percent of revenue, saw sales grow 21 percent on a currency neutral basis to $2 billion, driven by strong performance in the U.S. and a move to direct distribution in Austria, Germany and Switzerland. {Nike}

Marc by Marc Jacobs to collaborate with Disney
Before the brand ceases production, Marc by Marc Jacobs will collaborate on an "Alice in Wonderland" themed capsule collection with Disney featuring sunglasses, totes, backpacks, iPhone cases, sweatshirts and more. The brand's whimsical take on the fairy tale, both the original story and modern interpretations, will hit stores Nov. 1. {Fashionista Inbox}

Proenza Schouler's new CEO wants to focus on handbags
The brand's new interim CEO Ron Frasch is pushing designers Jack McCollough and Lazaro Hernandez to focus on developing signature categories for the brand — probably dresses and knitwear — as well as sell more handbags, Proenza's highest margin business.  {New York Times}

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