Must Read: Nanushka Closes All Its Physical Stores, Style Capital Acquires No. 21 – Latest Fashion Trends & Style Tips November 2, 2026 at 10:30PM
📰 Must Read: Nanushka Closes All Its Physical Stores, Style Capital Acquires No. 21 {% if EntryImageUrl and EntryImageUrl != "" %} {% endif %} ✨ Fashion Insights & Trends: These are the stories making headlines in fashion on Monday. Nanushka Closes All Its Physical Stores Hungarian label Nanushka has closed all of its physical stores, paused wholesale production for upcoming collections and reduced staff from 150 to 20 due to a significant profit decrease and immense debt. Nanushka board member Peter Baldaszti told Business of Fashion that the brand had an overly ambitious expansion plan, which put heavy pressure on the company’s finances. The label took out millions in debt, but failed to pay it back. The brand is currently looking for new investors to help with refinancing and restructuring. { Business of Fashion /paywalled} Style Capital Acquires No. 21 Private equity fund Style Capital has acquired Italian fashion brand No. 21. The financial t...