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Gap’s Beauty Gambit & Demna’s Balenciaga Swan Song

Fresh intel from the fashion front lines: A scoop about Gap’s plans to launch a beauty line; Saks tossing out a $600 billion life preserver; scenes from Demna’s final days at Balenciaga; and front-row chatter from the latest Paris fashion shows.

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demna
While the couture show on July 8 will be Demna’s grand finale, the exhibition was a more cathartic exercise: 10 years of the designer’s life, all laid out, piece by piece, from a rejection letter he saved after interviewing for a menswear designer job at the house in 2008, to the Simpsons episode, to the trompe l’oeil jeans, to his own black hoodie. Photo: Ben Rosser/BFA.com
Lauren Sherman
June 26, 2025

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Line Sheet, the ultimate fashion industry bible, offers daily intel from Lauren Sherman, Rachel Strugatz, and Sarah Shapiro on every aspect of the business and its biggest players. (Sign up here to get it in your inbox.) Here’s the latest you need to know:

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