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Must Read: Madame Carven Memorialized in Paris, American Apparel Director Resigns

And MERS fears have spurred massive e-commerce discounts in South Korea.

American Apparel director resignsWhile lawsuits fly back and forth between American Apparel and its ousted founder Dov Charney, auditor David Danziger has resigned from the board of directors, on which he's held a seat since 2011. He will be replaced by current CEO Paula Schneider. {Nasdaq}

MERS fears lead to huge online discounts in Korea
While an outbreak of MERS (Middle East Respiratory Syndrome) has led many South Koreans to shy away from public spaces, economists are concerned that low retail activity could push the country into recession. To cope, retailers are marketing huge online discounts to encourage e-commerce sales. {Bloomberg}

Fast Retailing partners with Accenture
Fast Retailing, the parent of big-name fashion brands like Uniqlo, Theory and Helmut Lang, announced on Monday an upcoming partnership with technology services company Accenture "to create a shopping experience that has not until now existed anywhere in the world." Though specific details were sparse, the companies said the partnership may ultimately result in the formation of a new joint venture. {WWD}

Friends gather to honor Madame Carven in Paris 
Family, friends and members of the French fashion industry gathered on Friday morning to celebrate and remember the life of the couturier Madame Carven, born Carmen de Tommaso, who died last Monday at 105 years old. The service, decorated with the flowers and ribbons in the green and white colors of the designer's namesake fashion house, was held in Paris at the Église Saint-Roch. {WWD}

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