These are the stories making headlines in fashion this week.
Human Made to Acquire Undercover
Human Made Corporation, the company founded by Japanese streetwear pioneer Nigo, has signed an agreement to acquire Undercover, the fashion label founded by Jun Takahashi. The deal is currently non-binding, with a share purchase agreement targeted for September 2026 and the full transfer planned for February 2027. Human Made said the Undercover acquisition was part of a wider overhaul of its business model.
Drake’s OVO Is Reportedly Preparing to Sell to Authentic Brands Group
October’s Very Own (OVO), the record label and mid-priced apparel brand co-founded by Drake, is reportedly in the process of selling a 50% stake to Authentic Brands Group, according to Puck. The timing and terms of the unconfirmed deal remain unclear. A partnership with Authentic Brands Group could provide broader licensing opportunities for OVO.
Osmo to Auction 10 Proprietary AI-Developed Fragrance Ingredients
Olfactory technology company Osmo is holding a first-of-its-kind auction of perpetual licenses to 10 proprietary molecules developed through its Olfactory Intelligence platform. The auction will be held at the World Perfumery Congress in Monterey, CA, on June 23. This move aims to give all industry players an opportunity to secure next-generation ingredients. “Our initial goal was to create amazing novel molecules for our own use, but we realized that it’s better to get these materials into the hands of larger companies who can bring them to consumers at scale,” said Mike Rytokoski, senior vice president at Osmo.
Vince Reports 10.5% Sales Bump in Q1
Vince Holding Corp. reported its Q1 2026 sales, showing a 10.5% rise in net sales to $64 million. The year-over-year increase was driven by a 15.6% bump in the direct-to-consumer segment and a 5.9% rise in the wholesale segment. For fiscal 2026, the company is expecting net sales to increase approximately 7% to 8% compared to the prior year.
The Challenges of Boosting Africa’s Shea Butter Industry
Local governments in 21 African countries are imposing new policies on exports of raw shea nuts to transform the domestic industry and capture a larger share of the $6.5 billion global market. Proponents argue that the policy changes will boost the economy in the long term, but local collectors are struggling to navigate the short-term drop in demand. Some local processors are also concerned that they will be forced out of the market as governments call on foreign companies to establish their own processing centers in-country.
