These are the stories making headlines in fashion on Thursday.

Staud connects with wealthy investors

Staud has “received a significant investment from a consortium of multibillion-dollar family offices,” according to The Sage Group, which served as financial adviser to the company. The specific financial details were not disclosed. Staud was founded by Sarah Staudinger and George Augusto, and will continue to be run by the duo alongside Jon Zeiders, the brand’s president. With this new investment, Staud is reportedly “poised for continued rapid expansion in product categories, sales channels and geographies.” {WWD/paywalled}

Saks in talks to borrow up to another $600 million

As Saks Global Enterprises faces the first interest payment on debt it incurred to buy Neiman Marcus Group, the company is reportedly in talks with some holders of its $2.2 billion in senior secured bonds about borrowing up to an additional $600 million from them. Last month, Saks reported an adjusted loss of more than $100 million for the fiscal year ended Feb. 1 as it deals with a backlog of vendor payments, potential trade restrictions and restless bondholders. Saks plans to make its upcoming coupon payment, which is about $120 million due June 30. {Bloomberg/paywalled}

Kim Jones collaborates with Aman

After exiting Dior Men, Kim Jones is collaborating with luxury hotel group Aman’s product brand, Aman Essentials. Focused on “wardrobe essentials,” the 35-piece capsule will be presented at the Dover Street Market Paris Brand Development showroom from June 28 through July 1. The styles are designed with versatility and practicality in mind, as well as the intention to adapt to the diverse climates of Aman’s 36 hotel locations. The collection will launch in Aman boutiques, Dover Street Market stores and select wholesale locations at the beginning of 2026. {Vogue Business/paywalled}

Retail named Europe’s most distressed sector

Retail is now the most distressed sector in Europe, according to Weil, Gotshal & Manges’ latest measure of corporate distress in the region. Overtaking industrial and real estate, retail and consumer goods companies are suffering from weak discretionary spending, margin compression, tightening credit conditions and tariff uncertainty. Distress in European retail is at the highest level since the global financial crisis in 2009. {Bloomberg/paywalled}

Legislators want to promote secondhand shopping

Bipartisan legislators Sydney Kamlager-Dove, a Democrat from California, and Nicole Malliotakis, a Republican from New York, are set to launch a new caucus aiming to promote the re-commerce economy by helping platforms like eBay, Etsy and Depop. The bipartisan initiative will back policies that extend the life cycle of a product, cut down on landfill waste and “encourage environmentally responsible commerce.” It will also aim to support small sellers on digital platforms and promote access to apps like Poshmark and OfferUp. Kamlager-Dove said she hopes to reduce sales tax on secondhand items and provide tax credits for companies adopting circular business models. {The Wall Street Journal/paywalled}

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