Must Read: Maryam Nassir Zadeh is Closing Her NYC Flagship, Leonard's Creative Director Exits – Latest Fashion Trends & Style Tips December 15, 2025 at 10:30PM

📰 Must Read: Maryam Nassir Zadeh is Closing Her NYC Flagship, Leonard's Creative Director Exits

✨ Fashion Insights & Trends:

Maryam Nassir Zadeh.

Photo: Launchmetrics Spotlight

These are the stories making headlines in fashion on Monday.

Maryam Nassir Zadeh is closing her NYC flagship

Maryam Nassir Zadeh is closing her NYC flagship on the Lower East Side, she announced in an Instagram post. While the designer didn't share her exact reasons for closing, she thanked her community for its support over the past 17 years and stated that this is a new beginning for the brand. "Looking forward to continue telling the story of where we started and where we are and where we're going," she wrote. "My heart is with [the] MNZ brand — my love — which I will absolutely continue with and my expansion in Paris." {Instagram/@mnz_store}

Leonard's creative director exits

Leonard's creative director, Georg Lux, is exiting the brand after nearly five years. His successor has not been named. "[Lux has] brilliantly embodied the spirit of [Leonard], respect for our fundamental codes with creative boldness," Yuichi Nishi, president of Leonard Paris, said in a statement obtained by WWD. Lux's final collection is the pre-fall 2026 presentation, as the French brand is skipping Paris Fashion Week for Fall 2026. {WWD/paywalled}

TPG reduces its stake in Anastasia Beverly Hills

TPG has sold most of its stake in Anastasia Beverly Hills, significantly reducing the private equity firm's $600 million investment in the cosmetics brand. TPG now holds roughly a 6% stake, down from its original 38%. The decision is part of Anastasia Beverly Hills' debt restructuring, as the brand is facing significant financial challenges, including missed payments and credit downgrades. {Bloomberg/paywalled}

Coty CEO to reportedly exit

Coty's CEO, Sue Nabi, and the company's chair, Peter Harf, may exit as a result of the controlling shareholder JAB Holdings' planned leadership overhaul. The cosmetics retailer has faced a challenging year, with a 52% drop in shares, increased competition and the upcoming loss of its exclusive license for Gucci fragrance and beauty products thanks to the Kering-L'Oréal sale. Nabi also reportedly rejected substantial financial offers from L'Oréal to terminate the Gucci license early. {The Financial Times/paywalled}

Ganni hires three new executives

Ganni has appointed three new executives: Prada executive Marcelo Noschese as president of its Americas division, Balmain alum Marie Valot as communication and PR executive director and Guillaume Dacquet as marketing and image executive director. The appointments come as the Danish fashion brand pushes for global expansion. All three new hires will report to Ganni CEO Laura du Rusquec. {Fashionista inbox}

JW Anderson CEO discusses rebranding strategy

JW Anderson CEO Jenny Galimberti discussed why the label rebranded as a lifestyle brand, focusing on homewares, collectibles and art, in addition to fashion, in an interview with Vogue Business. The brand also reduced its wholesale accounts to pivot to growing its DTC channel and standalone retail locations. The strategy allows shoppers to immerse themselves in the JW Anderson world in every aspect, according to the company. It also offloads some of founder Jonathan Anderson's responsibilities, allowing him to focus on his new role at Dior. "Before, it was very much about volume. Now, we've got a lot more value," Galimberti said. {Vogue Business/paywalled}

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