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Derek Lam Owns His Brand Again

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People

New York—Labelux, the London-based luxurygoods group, confirmed Wednesday that it has sold back the Derek Lam label to the designer and his chief executive, Jan-Hendrik Schlottmann. The parting is apparently amicable, too. Labelux, which shares an owner with Coty Inc., said it wants to concentrate on its leathergoods businesses, including …

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Target + Neiman Marcus Holiday Gift Collection Revealed

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New York—What just might be retail’s ultimate Odd Couple this holiday season: the high-low gift collaboration between mass merchant Target and high-end specialty retailer Neiman Marcus has been unveiled finally. The collection, which features 24 American designers—all members of the Council of Fashion Designers of America (CFDA)—will be available Dec. 1 …