Must Read: Pamela Love Sues Nasty Gal, Korean Beauty Startup Memebox Raises Almost $70 Million - Fashionista

Must Read: Pamela Love Sues Nasty Gal, Korean Beauty Startup Memebox Raises Almost $70 Million

Plus, why Brooklyn might be the next big textile manufacturing hub.
Author:
Publish date:
Pamela Love. Photo: Robin Marchant/Getty Images

Pamela Love. Photo: Robin Marchant/Getty Images

These are the stories making headlines on Wednesday.

"Nasty Gal is a serial infringer"
New York-based jewelry designer Pamela Love is taking Nasty Gal to court. In a dispute over three allegedly copied designs, Love is seeking upwards of $300,000 in damages. Documents describe Nasty Gal as a "serial infringer" with "a business model that ignores the intellectual property rights of others." In addition to the hefty amount of cash, Love is looking for Nasty Gal to "immediately and permanently cease all sales" of the styles in question. {The Fashion Law}

The little K-Beauty start-up that could

Digital Korean beauty company Memebox raised an impressive $69.95 million in Series C funding from investors Formation 8, Goodwater Capital and Pejman Mar Ventures, bringing the brand's total funding close to $100 million. It will use the money to expand its e-commerce capabilities as well as its own brand and brick-and-mortar stores. {WWD}

'Made in Brooklyn' has a nice ring to it
New York senator Kirsten Gillibrand’s is pushing a new bill — the Made in America Manufacturing Communities Act — that would boost apparel and textile jobs in Brooklyn. According to Gillibrand, the borough is "perfectly suited for a manufacturing boom." {WWD}

Michael Kors had a slow first quarter
Due to the usual problems — declining mall traffic and a slowdown in tourism — Michael Kors had a pretty slow start to fiscal 2017. In the first quarter, excluding currency effects, revenue was flat, comparable store sales declined 7.6 percent and wholesale revenue declined 7 percent. New store openings — of which there have been 221 in the past year — helped boost net retail sales, which were up 7.4 percent. {Fashionista inbox}

...as did Ralph Lauren
Ralph Lauren didn't fare any better, though it has an excuse. The company has been working on new CEO Stefan Larsson's Way Forward Plan, which he says has been making progress, despite some near-term losses. Revenue declined 4 percent in the first quarter including a 5 percent drop in wholesale sales and a 3 percent decline in retail sales. Due to restructuring costs, the company also saw a net loss of $22 million compared to a net income of $64 million a year ago, and said it expects to incur $400 million in such charges over the course of fiscal 2017. {Fashionista inbox}

Inside the fabulous life of Derek Blasberg
In a new profile, Vanity Fair contributor/Gagosian Gallery senior staffer/professional celebrity BFF Derek Blasberg offers readers a glimpse into his globetrotting, party-hopping lifestyle. Spoiler alert: it's a lot of hashtags, clever Instagram captions and "Hiiii"'s. {The Cut}

Is "indie fast fashion" a thing now?
While that might sound like a contradiction, more and more brands are positioning themselves as exactly that, distancing themselves from the H&M's and Zara's of the world.  {Business of Fashion

Never miss the latest fashion industry news. Sign up for the Fashionista daily newsletter.