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FASHION

Richemont Curiosities, Anna Intrigue & More Burning Questions

Herewith, Line Sheet’s first reader mailbag.
Lauren Sherman • August 17, 2023
Lauren Sherman • August 14, 2023
Coach & Kors’ Marriage of Convenience
Michael Kors successfully moved further upmarket over the past few years, but not enough to stave off a 14 percent sales decline in the most recent fiscal quarter.
An $8.5 billion union of near-luxury brands—Versace, Kate Spade, Michael Kors, Jimmy Choo, etcetera—promises to be good for shareholders. But can it produce great fashion?
Lauren Sherman • August 10, 2023
The Tao of Shemarya
The entertainment industry only realized about 15 years ago, maybe ten years ago, how much money there actually is in fashion.
Todd Shemarya essentially created what we now know as the Hollywood-fashion industrial complex—matching celebrities like Jennifer Aniston with brands, and eventually helping them take equity stakes in businesses and then even build their own companies. Herewith, a candid conversation on his view from the glamourous salt mines…
Bernard Arnault’s interest in multi-brand retail—what we used to just call department stores—dates back at least to his acquisition of Paris’s Le Bon Marché.
Lauren Sherman • August 7, 2023
Bernard Arnault’s Bergdorf Envy
Conversations between LVMH and Neiman Marcus Group may be heating up again as the French billionaire plots his conquest of Fifth Avenue. But can the Goodman family give Arnault what he actually wants?
Lauren Sherman • August 3, 2023
Gwyneth’s Sweet Smell of Success?
Paltrow has put all of her eggs in the Goop mogul basket, but what’s the endgame for a newsletter-turned-lifestyle brand that doesn’t turn a profit? Dave Portnoy’s Barstool may provide a comp…
François-Henri Pinault is not traditionally a micromanager, but has become much more involved in day-to-day decision-making at individual brands in recent months.
Lauren Sherman • July 31, 2023
The House of Gucci Gets a Tickle
Activist investor Bluebell Capital is pushing for major moves at Kering, and François-Henri Pinault seems to be listening. Will this financial love tap compel him to make more changes at the group? And is the dream of a Richemont-Kering merger finally closer to reality?
Kylie’s new brand remains in stealth mode, but the Gredes’ team have begun interviewing candidates for certain positions without telling them anything about the project.
Lauren Sherman • July 27, 2023
Kylie Jenner Answers to the Higher Calling of Fast Fashion
Kylie will be fronting a line developed by Jens and Emma Grede, the geniuses behind Skims and other Kardashianwear.
Former W magazine editor-in-chief Stefano Tonchi will edit TheWrapBOOK, a coffee table-style biannual.
Lauren Sherman • July 24, 2023
Stefano Is Going to TheWrap!
A surprise and retro move in the Hollywood trade wars. Look out, Penske!
Designer and founder of the New York label Bode, Emily Adams Bode Aujla.
Lauren Sherman • July 24, 2023
Our Bode, Ourselves
Is Bode raising money from LVMH? Does Bode need the money? Is Bode really the next Ralph Lauren? Wait, is she actually a descendent of Mayflower lineage? Was she on the actual Mayflower?!? The mysteries behind a potential fashion power couple.
Rag & Bone co-founder Marcus Wainwright is stepping down from his operational role at the business, where he was most recently chief brand officer.
Lauren Sherman • July 20, 2023
From Riches to Rag & Bone
Marcus Wainwright’s departure from day-to-day activities at Rag & Bone is the end of an era—and it’s an era that ended a long time ago.
Francesca Bellettini has been elevated from Saint Laurent C.E.O. to Kering’s deputy C.E.O., with all the brand C.E.O.s reporting to her.
Lauren Sherman • July 20, 2023
Succession Season at Gucci
A C.E.O. switcheroo at Gucci, coupled with Maureen Chiquet’s new Kering board seat, has everyone in Paris reading the succession tea leaves.
Alexander Wang, the former fashion wunderkind, has spent the last two-and-a-half years rebuilding his life.
Lauren Sherman • July 17, 2023
Alexander Wang’s Bid for a Do-Over
In his first major interview since his very public scandal, Wang offers a candid history of his career, what went wrong, his view of the business, his Ye ties, and his unspoken yearning to become relevant once again.
Victoria’s Secret doesn’t really need more sales, per se. Instead, it needs bigger profits, which requires customers to buy things at full price.
Lauren Sherman • July 13, 2023
Victoria’s Secret’s M&A Reality Check
Do the executives running Victoria’s Secret understand that the future of Victoria’s Secret is not Victoria’s Secret?
Under François-Henri Pinault, the son of the founder, Kering aligned itself with more modern, and resolutely more American ideas, emphasizing transparency and clarity of vision.
Lauren Sherman • July 10, 2023
Kering in the Age of LVMH
Is this even a competition anymore? A look at how Kering, LVMH’s biggest rival, is navigating the era of big luxury.
Alessandro Michele
Lauren Sherman • July 6, 2023
How Badly Does LVMH Want Alessandro?
LVMH is in the business of hoovering up all the land’s top design talent, which would put the industry’s biggest free agent right in their crosshairs. And perhaps their infrastructure is just what he needs in his next act?
Celine designer Hedi Slimane.
Lauren Sherman • July 3, 2023
Fashion’s Midsummer Finale: Celine, Outdoor Voices & DesignerGPT
News and notes on a dramatic fashion week ending, a very British scandal, and whether A.I. is coming for the industry.
Kanye West and Dov Charney, founder of American Apparel.
Lauren Sherman • June 29, 2023
Ye & Dov Are Having a Fashion Baby
What could possibly go wrong on this post-cancellation blanks adventure? A few thoughts…
The main topics of conversion in Paris coalesced around Pharrell, and the creative opportunities afforded to designers as the fashion business consolidates.
Lauren Sherman • June 26, 2023
Down and Out in Paris
News and notes on men’s fashion week: designer gossip, the LVMH of it all, Pharrell, and more.