These are the stories making headlines in fashion on Wednesday.
Timothée Chalamet Invests in Watchmaker Urban Jürgensen
Timothée Chalamet will join watchmaking house Urban Jürgensen as a partner with a minority equity stake in the company. Chalamet joins a small number of external investors who together own a small portion of the company. This is the first time Chalamet has taken a partnership role in a company. He will also work as a creative advisor to the house on a number of projects and initiatives. {Fashionista inbox}
Moncler Group Reports 12% Revenue Boost in Q1 2026
Moncler Group released its Q1 2026 results on Tuesday, which showed a 12% increase in group revenue to €880.6 million ($1.03 billion). Moncler reported Q1 2026 revenues of €766.5 million ($899.8 million), also a 12% increase compared to the first three months of 2025. Moncler’s direct-to-consumer channel was up 14% year-over-year, and it saw strong performance in Asia (a 22% boost) and the Americas (a 7% boost). {Moncler Group}
Outdoor Voices Is Sold at Sam’s Club Now
Following Outdoor Voices Founder Ty Haney’s return to relaunch the brand, its popular exercise dress is now selling at Sam’s Club for $22, 78% below its normal retail price. Consortium founder and managing partner Cory Baker has defended the decision: “If you show me your brand that says, ‘No, I don’t want to sell more products to more customers and more retailers,’ I’ll show you a brand that never actually makes money, period,” he told Puck‘s Malique Morris. “We’re less focused on cachet and more focused on great products for a customer who wants it.” {Puck/paywalled}
Safilo to Acquire Spy+ and Serengeti
Safilo Group has entered an agreement with Bollé Brands to acquire Spy+ and Serengeti, two U.S. brands operating in the sports, outdoor and high-end eyewear segments. Together, Spy+ and Serengeti generated sales of approximately $39 million in 2025. Spy+ and Serengeti will join Carrera, Polaroid, Smith, Blenders, Privé Revaux and Seventh Street in Safilo Group’s portfolio. {Safilo Group}
Kiko Milano Names Its First Global Makeup Artistry Creative Director
Kiko Milano has named Marcelo Gutierrez as its first global makeup artistry creative director. Gutierrez is known for working with Madonna, Charli XCX and Lily Rose-Depp, among others. Gutierrez will oversee Kiko Milano’s overall makeup direction and also guide celebrity collaborations and participation in cultural events. “The brand’s dedication to making forward-thinking beauty accessible to everyone, without compromising on quality, deeply resonates with me and my experience in the industry,” Gutierrez said in a statement. {WWD/paywalled}
Roc Nation and FIT Announce Winner of Student Design Competition
Photo: Courtesy of Roc Nation and FIT
Roc Nation and the Fashion Institute of Technology (FIT) announced the winners of a design competition hosted by Roc Nation, exclusively for FIT students. Beatrice (Xuan) Mak, Fashion Design BFA, won first place and was awarded a $20,000 grant from Roc Nation. One of her designs will be developed and available at retail later this year. Jiwon Park, Fashion Design BFA, took second place and was awarded a $5,000 grant, and Zion Burrell, Fashion Design MFA, received a $3,000 grant as the third-place winner. {Fashionista inbox}