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Must Read: Barneys New York Considers Bankruptcy Filing, Chanel Hires First Head of Diversity and Inclusion

Plus, Missy Elliott covers the August issue of "Marie Claire."
Photo: Mario Tama/Getty Images

Photo: Mario Tama/Getty Images

These are the stories making headlines in fashion on Monday.

Barneys New York considers bankruptcy filing
Barneys New York is exploring options that include a bankruptcy filing, as it struggles with expensive leases and changing consumer tastes. The high-end retailer is working with law firm Kirkland & Ellis LLP to prepare for a potential bankruptcy filing that could come in the coming weeks. {Reuters

Chanel hires first head of diversity and inclusion 
Chanel is taking steps to improve the company's diversity efforts, as the French luxury fashion house announced it has hired its first global head of diversity and inclusion. According to Business of Fashion, Fiona Pargeter has joined the company to lead its diversity efforts. Pargeter was previously head of diversity and inclusion for Swiss Bank UBS across Europe, the Middle East and Africa. {Business of Fashion

The Gucci x Melet Mercantile shop in Montauk is open for business
This summer, Gucci partnered with Melet Mercantile, a well-loved vintage shop in Montauk founded by local legend Bob Melet, on a unique retail experience that is open to the public until July 28. The store, which now features a curated selection of summer-ready Gucci merchandise alongside vintage goods from Melet's personal collection, celebrated its grand opening with a bash in the Hamptons on Saturday. The event drew a crowd that included the likes of Sienna Miller, Elsa Hosk and Caroline Murphy. {Fashionista inbox}

Missy Elliott covers the August issue of Marie Claire 
Hip-hop legend Missy Elliott gets candid about her career and life in the August issue of Marie Claire. Shot by Micaiah Carter, the cover features Elliott in a bold Dolce & Gabbana coat decorated in chunky gold jewels. Inside the issue, the rapper shares her aspirations for Black women and explains why there is no one like her. {Marie Claire

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Missy Elliott on the August cover of "Marie Claire." Photo: Micaiah Carter 

Missy Elliott on the August cover of "Marie Claire." Photo: Micaiah Carter 

American Eagle is collaborating with Lil Wayne
American Eagle's latest collaborative effort to target Gen Z consumers is a 25-piece capsule collection with Lil Wayne. The tie-dye and color-blocked range will drop on Aug. 10 and will contain graphic T-shirts, shorts, hoodies, socks, boxers, hats and jeans, as well as skate decks. The retailer will unveil the entire AE x Young Money collection on July 30. {WWD

How E-girls are creating their own counterculture  
E-girls are a group of Gen-Zers who mainly use TikTok as a way to embrace the style and appearance of those that came before Instagram influencers. "E-girls counter the aesthetic by wearing infantilizing clothing with darker, more alternative influences," writes Kish Lal for Dazed. "They too are part of the generation that grew up watching make-up tutorials, and have seemingly been honing their craft from the moment they hit their teens – only while they've also been spoon-fed a homogenous idea of perfection, they instead opt to take things in their own, imperfect direction." {Dazed

Designers are growing their made-to-order businesses 
Fashion is moving more rapidly than ever, but at the same time, brands are finding success with made-to-order businesses. Designers like Prabal Gurung and Antonio Berardi attribute 20 to 25% of sales to made-to-order. And while this custom service is not easily scalable, many designers say making bespoke pieces is a valve for creativity, allowing them to develop ideas that may later be incorporated into ready-to-wear. {Vogue Business

Foot Locker has plans to join the cool kids
Foot Locker has yet to benefit from the sneaker boom due to its old school approach. But now, the stodgy mall retailer wants to change its image and join the cool kids. To do so, the company set up an in-house incubator, Greenhouse, that will produce limited-edition products in collaboration with influential designers and brands. It's also started carrying more exclusive product from major brands. {Business of Fashion

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