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Must Read: Barneys May Sell For $271.4 Million, Gucci Is the Fastest-Growing Luxury Brand

Kylie Smith

Plus, a look inside Miranda Kerr and Evan Spiegel's Malibu home.

Photo: Drew Angerer/Getty Images

These are the stories making headlines in fashion on Thursday. 

Barneys may sell for $271.4 million
The recently bankrupted Barneys New York has accepted a bid from Authentic Brands Group for $271.4 million. If the deal goes through — the auction runs through Oct. 22 — ABG will close all Barneys storefronts and may open Barneys shop-in-shops within Saks Fifth Avenue locations. ABG is no stranger to rescuing brands; it has previously bought Nine West and Juicy Couture. Not long ago, Hudson's Bay Company was discussed as a co-buyer; however, ABG's co-buyer will instead be one of Barneys's very own lenders, B. Riley Financial Inc. {Business of Fashion}

Gucci is the fastest-growing luxury label in 2019 ranking
According to Interbrand's 2019 ranking of top global brands, Gucci triumphed as the fastest-growing luxury label this year. The brand, popular among millennial consumers, increased by 23% in value since last year's report. Fellow luxury companies Louis Vuitton and Chanel stood alongside Gucci on the annual ranking, with powerhouse companies Apple, Google and Amazon leading the overall list. {Interbrand}

A look inside Miranda Kerr & Evan Spiegel's Malibu home
Supermodel Miranda Kerr and Snapchat co-founder Evan Spiegel gave Hollywood Reporter an inside look into their cozy Malibu cottage. The 1,700-square-foot ocean-view house cost the celebrity couple $2.15 million. The beautiful light-filled space includes a meditation room, a pool with a pond, a waterfall and a deck for yoga. {Hollywood Reporter

Uniqlo's parent company receives labor complaints
Indonesian garment workers have filed a complaint against Fast Retailing, Uniqlo's parent company, for violating the Fair Labor Association's Workplace Code of Conduct, which ensures the "respectful and ethical treatment of workers" and works to "promote sustainable conditions" in the garment industry. In 2015, two garment factories in Indonesia closed down overnight without paying wages to its workforce. Uniqlo was one of the most notable buyers from the factory prior to the closure. {Fashionista inbox}

Patagonia founder discusses the sustainability myth
Patagonia founder Yvon Chouinard is pessimistic about the fate of the planet amid climate change, but he remains committed to doing everything he and his company can to fix it. In an interview with Fast Company, Chouinard talks about going to extreme lengths to protect the planet despite the impossibility of anything being 100% sustainable. {Fast Company}

Shanghai is starting to focus on sustainability in fashion
At Shanghai Fashion Week, talks of sustainability have just been getting started. Kering hosted the K Generation Sustainable Innovation Awards at this season's SHFW, which was just one of the environmentally-charged events during the week. Kering Chief Executive François-Henri Pinault stated, "There is no luxury without sustainability and there is no sustainability without China. It's as simple as that." {Business of Fashion}

J.Crew and Lele Sadoughi release new holiday accessories 
J.Crew is collaborating with Lele Sadoughi and her eponymous accessory brand for a one-of-a-kind holiday collection, available Thursday. Sadoughi was the first-ever jewelry design director for J.Crew in 2006, and now her designs have been sold in Saks Fifth Avenue, Neiman Marcus, Nordstrom and more. The festive collection will include headbands ranging from $55 to $170 and earrings from $48 to $168. {Fashionista inbox}

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