Must Read: Neiman Marcus Officially Abandons IPO, Boohoo Comes Closer To Acquiring Nasty Gal - Fashionista

Must Read: Neiman Marcus Officially Abandons IPO, Boohoo Comes Closer To Acquiring Nasty Gal

Plus, why America's most-loved mall brands continue to struggle.
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Photo: Joe Raedle/Getty Images

Photo: Joe Raedle/Getty Images

Neiman Marcus scraps plans to go public
The luxury retailer filed a registration statement in August 2015 indicating that it intended to pursue a public offering of its shares, but sales over the past year made it a less-than-appealing prospect. In a statement last Friday, the company announced that "it is not in [Neiman's] best interests to proceed with the IPO contemplated by the registration statement at this time." The owners of Neiman Marcus group are allegedly eager to sell it, perhaps to private equity investors. {WWD}

Boohoo took another step toward acquiring Nasty Gal's assets
British fast fashion retailer Boohoo entered an asset purchase agreement with recently bankrupt American e-commerce site Nasty Gal. The next step will be a bidding process, meaning that Nasty Gal could still go to another bidder if their offer surpasses Boohoo's proposed $20 million. {TechCrunch}

The problem with America's favorite mall brands
Declining sales and store closures for retailers like Hollister, The Limited, J.Crew and Gap have raised questions about whether or not classic American mall stores can survive the age of online shopping and fast fashion. With customers increasingly preferring to shop online and favoring retailers that emphasize supply chain flexibility and speed, the mall's classic brands are running out of time to adapt to the new retail landscape. {BoF}

Fashion brands are experimenting with Instagram Live
Tim Coppens will be live-streaming his latest collection from Pitti Uomo on Instagram Live and nowhere else — and it will not be recorded or appear anywhere else digitally after the livestream ends. "It's not like [it is] produced or anything, but I think that is also the beauty of it," the designer explained. Only time will tell how the new feature, which functions much like Periscope or Facebook Live, will continue to be explored by other brands in the future. {BoF}

See gorgeous portraits from Sunday's Golden Globes on Instagram
The official Instagram of the Hollywood Foreign Press Association and the Golden Globe Awards has been posting beautiful, black-and-white portraits of winners and attendees from the 2017 ceremony, shot by photography duo Mert Alas and Marcus Piggott. {Instagram}

Peyton Knight will cover Elle UK's February 2017 issue
This marks the IMG-represented model's first major solo cover of a mainstream fashion magazine. Knight wears Louis Vuitton in the cover shot, which was photographed by Kai Z Feng. {Instagram}

Trump claims that there's "dress shortage" in Washington, D.C.
After Meryl Streep's Golden Globes speech critiquing Donald Trump, the president-elect spoke to The New York Times to respond to her comments — and to offer an update on state of retail in the Nation's Capitol. "We are going to have an unbelievable, perhaps record-setting turnout for the inauguration, and there will be plenty of movie and entertainment stars," Trump told the Times. "All the dress shops are sold out in Washington. It's hard to find a great dress for this inauguration." Sure. {The New York Times}

Kylie Cosmetics teases new eye shadow palette on Instagram
Brace yourselves, folks: Kylie Cosmetics' Instagram account just announced a forthcoming drop of the brand's newest Kyshadow palette, Royal Peach (and yes, they included the peach emoji in the post). According to the caption, the 12-pan palette will hit the site in four days. Set your reminders now. {Instagram}

Target is adding a line of K-beauty products
K-beauty guru Alicia Yoon, who is also the founder of Peach & Lily, curated an assortment of K-beauty products across a range of different brands that will be sold at the retailer for the first time. The collection will feature a range of skin-care items including masks, moisturizers, cleansers and more, and will be available in select stores and on Target.com beginning on January 22. {Fashionista inbox}

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