Must Read: Philipp Plein Addresses Dolce & Gabbana Legal Accusations, Irina Shayk Might Be Engaged

Plus, can Fred Segal reclaim its spot as Southern California's fashion destination?
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Philipp Plein at the opening of his London boutique. Photo: David M. Benett/Getty Images

Philipp Plein at the opening of his London boutique. Photo: David M. Benett/Getty Images

These are the stories making headlines on Friday.

"They don't want competition."
German designer Philipp Plein took to Instagram earlier this week to respond to legal accusations from Dolce & Gabbana, which had accused his company of poaching retail employees from their boutiques. "These people, these brands, they don't want competition. They know how to protect themselves," the designer told BoF. "In this competitive moment, everybody is trying to survive." {Business of Fashion}

Is Irina Shayk engaged?
The model was spotted in Los Angeles rocking a sizable diamond and emerald ring on that finger, prompting Internet speculation that she and boyfriend Bradley Cooper are to be betrothed, following reports from earlier this month announcing that the couple is also expecting their first child together. {Vogue UK}

Fred Segal looks to make a comeback with new flagship location
The retailer has finalized plans for a new flagship location in the ritzy Sunset La Cienega center on the Sunset Strip, which is set to open next fall. The 40,000-square-foot space will devote 22,000 square feet to retail space, in addition to a gym, salon, wine shop, florist and a restaurant, plus both permanent and rotating shop-in-shops. {Business of Fashion}

2016: The year of "cool fashion"
Streetwear continued to dominate the fashion landscape this year, with its influence arguably most present in the rise of designers like Gosha Rubchinskiy and Vetements' Demna Gvasalia, who took the creative helm at Balenciaga earlier this year. Put simply, being singularly cool is really, really cool again. {The New York Times}

Saks.com introduces GiftNow
Saks Fifth Avenue just made shopping online for the perfect gift a little more perfect. GiftNow, a function available exclusively on the department store's website, allows shoppers to send gifts of up to $2,000 and affords recipients the option to customize (or exchange) them. Here's how it works: The recipient gets a gift notification via e-mail alerting them that they can select the size and color (if applicable) of their gift, or exchange it for another Saks item on their wish list. No awkward return receipts required. {Fashionista inbox}

Memebox raises $60 million in series C funding
The K-beauty start-up recently announced that it had raised $60 million in Series C funding, bringing the company's total worth to $160 million. Memebox founder and chief executive officer Hyungseok Dino Ha said via statement that the money would contribute to consolidating the company's San Francisco headquarters and continuing to build its presence in China. The investment will also go toward bolstering the brand's mobile shopping capabilities, including developing a database of beauty ingredients and products. {WWD}

Do influencers' sponsored posts really work?
Blogging platform Bloglovin' surveyed more than 20,000 of its global female users from 18 to 49 years old to ask if influencer campaigns and posts, well, work. The results found that 61 percent of users won't engage with a sponsored post that doesn't feel authentic, and over a third won't engage, period, if they know the influencer was paid to post. {WWD}

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