These are the stories making headlines in fashion on Tuesday.

G-III files $250 million lawsuit against PVH Corp.

After three years of building tensions, G-III Apparel Group has filed a $250 million breach of contract lawsuit against PVH Corporation in New York state court. The two companies had successfully worked together for nearly 20 years before Stefan Larson, PVH’s CEO, took licensing for Calvin Klein and Tommy Hilfiger back in-house in 2022, rather than continuing to use G-III. A PVH representative said, “G-III’s claims are baseless. We will respond via the legal process in due course and look forward to addressing these matters in court.” {WWD}

CaaStle files for bankruptcy

Following the March departure of CEO Christine Hunsicker from CaaStle in response to allegations of financial misconduct, missed payments and fraud, the fashion startup has filed for Chapter 7 bankruptcy. The filing says the company had between 200 and 999 creditors and $10 million to $50 million in assets and liabilities. {WWD}

Claire’s considers a sale amid tariffs 

As U.S. tariffs threaten higher import costs and increased competition, budget jeweler Claire’s Stores Inc. is seeking a sale. The retailer has a loan of more than $500 million due next year and reportedly opted to delay interest payments in an effort to sustain its cash. {Bloomberg}

The woman shaking up Savile Row with the first women’s tailoring house

Daisy Knatchbull has opened the first women’s tailoring label on London’s Savile Row, the most famous street for men’s clothing in the world. After Knatchbull — a third cousin of Prince William — had made headlines for wearing a traditional gentleman’s morning suit to the 2016 Royal Ascot, she realized “that there was a serious appetite among women for bespoke tailoring and a suit-shaped gap for them on Savile Row.” With an all-women staff and a repeat order rate of 62%, Knatchbull is looking to expand to the United States. {The New York Times}

All the ways conflict between the US and Iran could affect the fashion industry

As the aftermath of U.S. President Donald Trump’s attack on Iran unfolds, experts are explaining how this conflict could impact the global fashion industry. “Shipping lanes could be impacted, especially in the Persian Gulf and the Red Sea via Iran’s proxies in Yemen,” said Babak Hafezi, adjunct professor of international business at American University. “This would materially impact supply and shipping lines, increasing insurance costs and shipping costs and delaying shipping to both Europe and the U.S. by about a week.” {Glossy}

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