Must Read: Former Deciem Co-CEO Speaks out, Nine West Is Reportedly Nearing Bankruptcy

Plus, Britain's gender pay gap data reveals fashion companies are among the worst offenders.
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Photo: @deciem/Instagram

Photo: @deciem/Instagram

These are the stories making headlines in fashion on Friday.

Former Deciem co-CEO speaks out post-firing
For the May 2018 issue of Elle, one writer flew to Barbados to hear from Deciem's abruptly fired co-CEO Nicola Kilner. Her termination in February followed a six-week period of deranged behavior from the company's founder Brandon Truaxe, who had been using Deciem's Instagram account to post bizarre content. Kilner, who toiled away in the background helping Truaxe to bring his groundbreaking idea to life, sat down with the glossy to discuss her time at Deciem and her bitter ending in full, all while demonstrating an unshakeable loyalty to Truaxe — a man she considered to be a genius boss and her best friend. {Elle

Nine West reportedly nears bankruptcy and plans for a sale
According to Business of Fashion, Nine West intends to file for bankruptcy by the end of this week and plans to sell its intellectual property to Authentic Brands Group. Sources say the proceeds from the sale will alleviate the footwear company's massive debt, which is currently at $1.5 billion. {Business of Fashion

Britain's gender pay gap data reveals fashion companies are among the worst offenders
On Friday, The New York Times reported that fashion and beauty brands in Britain are among the worst offenders when it comes to paying men more than women. BurberryBenefit Cosmetics, Condé Nast and Victoria's Secret were called out for having noticeably large pay gaps favoring males, despite all boasting overwhelmingly female staffs. {The New York Times

Launchmetrics outlines the trends in brand-influencer relations
Launchmetrics, formerly known as Fashion GPS, released a report on Friday that outlines the trends in brand-influencer relations. The findings reveal that brands spent $2 billion on influencer campaigns last year, and are continuing to beef up their marketing budgets. In addition, brands are migrating away from mega-influencers and are latching on to micro-influencers with lesser, but more engaged, followers. {Business of Fashion}

Seven international retailers poised to make their big American debut
The U.S. has welcomed a number of international fast fashion retailers with open arms and wallets, which has encouraged even more brands from across the world to move on over. CNBC highlighted seven international retailers poised to make their American debut from L:A Bruket, a Swedish brand that sells homemade spa products, to Parfois, a Portuguese women's fashion and accessories brand. {CNBC

How Korea's luxury retailers are keeping international designers afloat 
Shoppers in South Korea have a growing appetite for avant-garde fashion and have taken a great liking to the work of international emerging designers, such as New York-based Eckhaus Latta and Demna Gvasalia's Vetements. In a new piece, Business of Fashion delves into how the Korean luxury retail scene has become somewhat of a lifeline for emerging designers and streetwear labels from abroad. {Business of Fashion

Champion opens first U.S. retail store in Los Angeles 
Champion is opening its first American specialty retail location in Los Angeles on Apr. 7. The store will feature onsite customization, frequent product drops from the sportswear company's global lines and regional collections inspired by the laid-back Southern California area and local influencers. {Fashionista Inbox} 

Farfetch unveils its Spring/Summer 2018 campaign video
On Friday, Farfetch released a short film as a part of its Spring/Summer 2018 campaign. The video, which was shot in Miami by creative director Jonny Lu and director Oliver Hadlee Pearch under Yasmin Sewell's editorial vision, celebrates the global community of fashion lovers and echoes the bright, optimistic mood of spring. You can watch the full campaign video below. {Fashionista Inbox} 

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