All articles tagged with #fashion and business
Originally Published 6 months ago — by Puck
Sydney Sweeney is launching a lingerie label backed by Ben Schwerin of Coatue, and her presence at a recent Bezos-Sánchez event was linked to her new fashion venture, highlighting her transition from actress to designer amidst ongoing Saks debt issues.
Originally Published 2 years ago — by Deadline
Anna Wintour, known for her icy demeanor, reportedly kept her sunglasses on while delivering the news of staff layoffs at Pitchfork, which is being absorbed by GQ. A former Pitchfork writer criticized Wintour's behavior as "appalling," highlighting the perceived indecency of upper management. Wintour defended the decision in a memo, citing a careful evaluation of Pitchfork's performance and the best path forward for the brand within the company.
Originally Published 2 years ago — by Daily Mail
Anna Wintour, editor-in-chief of Vogue, faced criticism for wearing sunglasses while laying off nearly half of the staff at music magazine Pitchfork, which was acquired by Conde Nast in 2015 and is being merged into GQ. The move sparked outrage from former employees, with one describing the management's behavior as indecent and appalling. This comes as Conde Nast, which owns several publications including Vogue and GQ, is laying off nearly 100 employees in the US due to a decline in ad revenue caused by the pandemic. Wintour, known for her trademark sunglasses, has been seen wearing them in various settings, including during the recent layoffs and while working from home during the COVID-19 outbreak.
Originally Published 2 years ago — by Variety
Anna Wintour, known for her trademark sunglasses, reportedly wore them during a meeting where she informed Pitchfork employees of their job losses as the music site merges with GQ under Condé Nast. The decision has sparked criticism from former staff members, including editor-in-chief Puja Patel and features editor Jill Mapes, who expressed disappointment. The move comes as part of Condé Nast's efforts to cut costs, with around half of Pitchfork's staff believed to have been laid off.
Originally Published 2 years ago — by WWD
British designer Steven Stokey-Daley, recipient of the LVMH Prize for Young Designers, announced that Harry Styles is acquiring a minority stake in his brand, S.S. Daley, with a focus on brand longevity and scaling the business. The investment aims to build the brand's direct-to-consumer business and pursue sustainable expansion. Stokey-Daley's gender-fluid designs have garnered attention, appealing to a Gen Z sensibility and a growing female customer base. Styles' investment aligns with a trend of celebrities becoming brand shareholders in the fashion industry.
Originally Published 2 years ago — by ABC News
Italian fashion influencer Chiara Ferragni has apologized after being fined 1 million euros by Italy's anti-trust authority for improperly communicating a charitable contribution tied to sales of a Christmas cake sold with her logo. Ferragni pledged to donate the fine amount to a hospital in Turin but stated that she would challenge the fine itself. The anti-trust agency also fined Balocco, the cake manufacturer, for misleading consumers about the charitable donations. Ferragni, who started as a fashion blogger and now runs her own brand, said she would no longer link charity with commercial activities.
Originally Published 2 years ago — by Reuters
Italian fashion designer Giorgio Armani has outlined a succession plan for his eponymous fashion empire, ensuring its independence and longevity after his death. With no children to pass it on to, Armani's heirs are expected to include his sister, three other family members, long-term collaborator Pantaleo Dell'Orco, and a charitable foundation. The plan, outlined in a 2016 document, sets guidelines for potential stock market listings and M&A activities, while emphasizing the importance of maintaining the brand's essential, modern, and elegant style. The document also establishes a foundation to protect the business and reinvest capital for charitable causes. Armani's meticulous planning aims to transmit and prolong his vision of the company, but the ultimate success will depend on future market changes.
Originally Published 2 years ago — by The Wall Street Journal
Kylie Jenner discusses her new fashion line, Khy, and reveals the items she is saving for her daughter, Stormi. She also reflects on her King Kylie era and what inspires her in the fashion industry.