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Must Read: Coach Has a New CEO, Alessandro Michele Gets His Own Merch

Plus, how Asos and Boohoo are quickly becoming leaders of the fast-fashion industry.
The finale walk at Coach Fall 2017. Photo: Imaxtree

The finale walk at Coach Fall 2017. Photo: Imaxtree

These are the stories making headlines in fashion on Thursday.

Coach appointed Joshua Schulman to newly created role of brand CEO and president
The company has named former Bergdorf Goodman president Joshua Schulman to the role of Coach CEO and president. Schulman will join the team June 5, and will report directly to Coach Inc. CEO Victor Luis. The move is indicative of the brand's plans to expand its roster and establish itself as a bonafide luxury goods group. (Will Kate Spade be its first acquisition? TBD.) {Business of Fashion}

You can now buy an Alessandro Michele T-shirt
Kitschy French T-shirt brand Modern Man created mock tour merch tees featuring Gucci's Alessandro Michele, after previous versions paid homage to Raf Simons, Phoebe Philo and Demna Gvasalia quickly became "it" items. You can snag it for $90 on the brand's website and exclusively at Parisian boutique Colette. {Hypebeast}

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Asos and Boohoo are coming for you, H&M and Zara
In recent history, H&M and Zara have quickly become the pinnacles of global fast fashion. With quick turnaround times, unparalleled global retail footprints and loyal consumer bases, both seem untouchable in the game of cheap, trendy clothes. However, according to research conducted by Goldman Sachs, British brands Asos and Boohoo are on track to outpace both H&M and Zara. Asos and Boohoo project their sales to by 35 percent and 50 percent, respectively, in 2017. {Quartz}

Net-a-Porter and Mr. Porter will ramp up personal shopping services
Net-a-Porter's EIPs (Extremely Important People) have been able to experience perks of the "You Try, We Wait" program from the luxury e-tailer; but now, the company is taking the idea of a luxury shopping experience a step further. A new program called  "Net-a-Porter at Home" will offer at-home consultations, complete with customized edits of new, in-season items curated by personal shoppers. {WWD}

Global clothing production doubled between 2000 and 2014
A new report reveals that in the span of nearly two decades, global clothing production doubled. Since 2000, fashion bands have prioritized rolling out collections with increased speed and frequency — and at cheaper prices — than in decades past. As you may assume, this does not bode well for the environment. {The Economist

Acne Studios's new denim collection just launched
Acne Studios is reintroducing denim into its main collection with Acne Studios Blå Konst (which roughly translates to "blue art"), that will replace the label's existing denim offerings as of April 6. The new range will directly coexist with the label's main collection, and will feature both permanent and seasonal offerings for men and women across denim and non-denim categories. Staples will include six denim styles (three each for men and women) alongside jackets, shorts and skirts. Shop it in-store and online here. {Fashionista inbox}

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