• HOLLYWOOD
  • WALL STREET
  • SILICON VALLEY
  • WASHINGTON
  • MEDIA
  • FASHION
  • PTB: LIVE
Get 1 free article
RECENT AUTHORS
  • Dylan Byers
  • Matthew Belloni
  • Tara Palmeri

  • Sign In
  • Join Puck
  • Newsletters
  • Authors
  • Podcasts
  • Sign In
  • Join Puck
Hi, and welcome back to Line Sheet. I sold my Phoebe Philo bag to a friend. Kept the shirt. How was your weekend? In today’s letter, you’ll find reflections on the end of Jezebel, an indie mag drama, and an analysis of the latest designer rumor that many of you are hopin’ and wishin’ to be true. I’ll be out and about in Los Angeles this week, so see you around.
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Line Sheet

Hi, and welcome back to Line Sheet. I sold my Phoebe Philo bag to a friend. Kept the shirt. How was your weekend?

In today’s letter, you’ll find reflections on the end of Jezebel, an indie mag drama, and an analysis of the latest designer rumor that many of you are hopin’ and wishin’ to be true. I’ll be out and about in Los Angeles this week, so see you around.

P.S. Thank you to the reader who said Thursday’s note had “huge Harold Pinter energy.” I’ll take it!

Mentioned in this issue: Sarah Burton, Givenchy, Matthew M. Williams, Nick Vogelson, Document magazine, Jim “Spanny” Spanfeller, Jezebel, Anna Holmes, Sarah Richardson, Jason Wagenheim, Riccardo, McQueen, Jane Pratt, Seán McGirr, Davide Renne, that Tom Ford interview, Kim Kardashian, Ivanka Trump and… Travis Kelce.

  • Document Drama: What’s happening at Document, Nick Vogelson’s 10-year-old indie magazine? Last week, stylist and Document fashion director Sarah Richardson sued Vogelson and his LLC in a New York court for compensatory damages of “no less than $1.2 million.” (In short, Richardson is claiming that Vogelson promised her payment, as well as equity in the company, and never delivered over the course of six years. She also claimed he “used the substantial cash flow to hire as Chief of Staff of Document Journal, a person with whom he has an intimate relationship.”)

    Today, Richardson, along with at least three other staffers—Diana Choi, Alice Lefons, and Alexandra Bickerdike—sent I’m-no-longer-with-the-company emails to contacts. What the heck is going on?

    According to Vogelson, “This lawsuit stems from long and drawn-out negotiations regarding her compensation and equity, which we’ve been having for some time, and she exited from the conversation a couple of weeks ago. Any claim about a specific amount is not based on any formal agreement with the company.” He also added that Document will be announcing a new fashion director and style director, both based in New York, in the coming weeks. Richardson, who did not respond to a request for comment, is based in London.

  • Jezebel and the myth of women’s media: Much of the conversation about Jezebel, the once-influential women’s-interest blog that was unceremoniously shuttered last week, has focused on the terrors of G/O Media, and the reluctance of advertisers to associate with a brand that writes openly about abortion rights and other so-called hot-button topics. I know several people forced to join G/O for various reasons—mostly the need for a steady paycheck—and I love and respect a lot of them. The place sounds terrible.

    I worked for G/O C.E.O. Jim Spanfeller in the mid-2000s at Forbes.com, the era’s number one “page-view sweatshop,” according to The Observer. To be fair, I actually had a great time there—I learned how to be a reporter, wrote at a leisurely clip of about two to three bylines per week, met many close friends, and most importantly, my husband. But I can confirm that Spanny, as everyone called him behind his back, had no business being in media. He didn’t understand the concept of mission. Ironically, he has since amassed a portfolio of all these once-strong brands with clear consumer value propositions (Deadspin, Quartz, The Onion), and yet he’s too basic to be able to know what to do with them.

    But let’s be honest here: Jezebel, like many of the G/O brands, was doomed from the start. It was a brand, conceived out of passion and with expression in mind, that never really seemed to focus on finding an operative business model. Quality of its work aside, its audience was neither valuable enough to entice a sufficient volume of direct-sold advertising packages, nor did it have the scale to make a CPG or beauty company second-guess their spend on Facebook. Like so many brands of that era, Jezebel just seemed to want to exist because its staff had something to say. But their lack of business acumen and execution would inevitably lead the property into the hands of a guy like Spanny, who just plugged it into his larger ad network.

    More broadly, titles across the category of women’s interest are diminishing at a rapid pace because they no longer provide a clear service. At their peak, magazines like Glamour, Self, Marie Claire were authorities: They told young women how to live their lives, and sold millions of dollars worth of goods to them each year through advertising. Now, that advice is administered in microdoses via TikTok and Instagram Reels. I’m sorry to tell you, but teenagers don’t read magazines! They just don’t need to exist anymore, and advertisers know it. Even new, domesticated entrants like Bustle Digital Group are pivoting hard to other revenue streams (like live events) as the advertising market gets tougher and tougher. (Former Glamour publisher Jason Wagenheim just left his job as the C.R.O. of BDG to become North American C.E.O. of Footballco, a soccer fandom site roll-up—not a sign of major confidence in the space.)

    But something was coming for women’s magazines long before the word “display advertising” was invented. There have always been challengers to the status quo—Gloria Steinem with Ms., leading up to Anna Holmes with Jezebel. But I’d argue that the editorial visionary in between, Jane Pratt, was the one most responsible for dislodging these publications from their comfortable position as early as 1988. What Pratt did with Sassy, and then later with Jane, showed that you could take a more honest, weird approach to these subjects without stripping them of intrigue or excitement or glamour. The blog-speak that Jezebel honed? That descended from Pratt. She even reclaimed it for a bit with xoJane, launched in 2011.

    But unlike Jezebel, Pratt’s brands had an aesthetic; she cared about status and being in the know, and that is appealing to advertisers. I know this is a fake word, but she was aspirational, especially to the Gen X and Millennial-cusp readers who knew there was more to life than learning how to apply blush, but still wanted to wear blush. Of course, all three of Pratt’s publications were also commercial failures: successful at first, but challenged once she got bored, or too stressed out by the commercial pressure. (She once told me that she would get the seven-year itch.)

    I asked a friend who used to successfully sell advertising for a defunct women’s interest site why he thought Jezebel couldn’t make it. He believes there are “really strongly written women’s brands” right now, but they’re bundled within general interest media—e.g., former Jezebel writer Jessica Grose at The New York Times, a couple writers at The Cut— and newsletters. (No, Anne Helen Petersen’s writing is not for me, either, but it is for a lot of people.) My friend reasoned that, if you brought four or five of the popular newsletters together, you’d have a small but reliable audience, which could be monetized through a combination of subscriptions, advertising, and other products. He was making a case, in other words, that women’s interest media has been trying to resist for generations: Duh, there’s no such thing as a catch-all brand to service the broader female market in the U.S. Like everything else, our most fulfilling media experiences are trending toward niche and affinity. The next generation of Jezebel will be smaller and more grown-up. “You’d have to be lean, and you’d have to provide real value, either in service or voice,” he said.

    All this is to say: R.I.P. Jezebel, you changed the world with your intrepid reporting and unrelenting snark. (My all-time favorite post was “Photoshop of Horrors,” about the November 2009 cover of Vogue.) But really, all I wish is for Jane Pratt to ditch her new content-to-commerce venture and start a Substack.

The Sarah Burton Existential Questions
The Sarah Burton Existential Questions
We know what McQueen is without McQueen, and will soon find out what McQueen is without Burton. But what is Burton without McQueen?
LAUREN SHERMAN LAUREN SHERMAN
Fashion is a business built on lies—or dreams, if you want to put it nicely. So it’s no wonder the rumor mill never stops: This designer is going to that house, this executive had an affair with that subordinate, this star takes a separate elevator and uses a different door to get into his studio so he doesn’t have to interact with the plebes, or the multibillion-dollar brand’s other creative directors, etcetera. Most of it isn’t true, or has been heavily embellished, and that’s often the point.

When it comes to Sarah Burton, the former right hand of the late Lee Alexander McQueen and the longtime creative director of his namesake brand, the only thing we know for sure is that she no longer works for that Kering-owned, London-based fashion house. Why she left when she did, with an announcement just before her last show, is less clear to everyone except Burton and Kering’s top executives. More recently, what she’ll do next has become the topic du jour in Europe and England, where the increasing scarcity of female creative directors at top houses has suddenly become something people in the industry—and beyond—purportedly care about. Is she really going to Givenchy, the LVMH-owned couture house currently led by Matthew M. Williams, the kid from Evanston and friend of Kanye and Virgil, whose tenure at the brand has been publicly criticized from the start?

Burton could very well do nothing for the rest of her life. She was undoubtedly paid handsomely for her work since McQueen’s suicide in 2010. Because she was an extension of him, she was able to, somewhat miraculously, successfully follow up on Plato’s Atlantis, his final show—and arguably his most influential. (I’ve said before that most designers have about 10 years of good ideas in them. McQueen was going on 20. His long-term creative partnership with Burton certainly had something to do with that.)

Regardless of what really happened, the announcement of her departure felt rushed, even if it wasn’t. I’m not going to speculate why they did it the way they did it, but it was obviously planned: The announcement of Seán McGirr’s appointment happened too quickly for it to be uncoordinated. These companies can take months, sometimes years, to hire someone new in a top slot.

We know what McQueen is without McQueen, and will soon find out what McQueen is without Burton. (McGirr will show his first collection in early March.) But what is Burton without McQueen?

The Givenchy Goss
If Burton is off to Givenchy, as so many have speculated, there is a possibility that she is simply being paid a lot of money to work on the couture behind the scenes. (After all, she wasn’t searching for the spotlight in 2010 when she was thrust into it.) While Williams may not be the hitmaker that LMVH hoped he would be, the company can afford to let Givenchy ride until a permanent solution presents itself. It’s an important brand in the history of fashion, but it’s not a major driver of profits for LVMH. And there’s no imperative to change things immediately, especially as it’s looked better each season.

After all, as both Williams and his predecessor, Clare Waight Keller, have shown, it’s not an easy assignment. Hubert de Givenchy, who died in 2018, was best known for dressing Audrey Hepburn in Breakfast at Tiffany’s. (Now that LVMH also owns the American jeweler, they have done some interesting marketing tie-ups.) Unlike Dior or Chanel or Saint Laurent, there isn’t a laundry list of house signatures from which to cull. Riccardo Tisci, who was appointed in 2005 and left in 2017, made it his own quite successfully, especially in couture and men’s, and there is a feeling that his grip on the brand has never fully loosened. (Dior, for instance, can swap out creative directors fairly easily because there are so many ideas, but many consumers only recognize Givenchy as it was designed by Tisci.)

For LVMH, Burton’s technical talent would be the key. Luxury merch—i.e., that $450 Givenchy T-shirt your uncle with a timeshare wears out to dinner—is not going away. It’s now just another permanent category, next to handbags and perfume, and it’s no longer the driver of the conversation; people are craving real design. (The success of Phoebe Philo’s launch is just one indication.)

Contracting Burton would be a message to the market, and consumers, that the company still values traditional design skills, not just hype. Also, if one more white, male creative director is appointed at a major house, the internet might explode.

If Burton, who is not yet 50, wants to keep designing clothes, if she doesn’t want to go make art or take up gardening, Givenchy feels right. The group would need to pair her with the right accessories designer—it’s clear from her time at McQueen that’s not where her head is at. But there’s an opportunity there to make something that feels new. And that’s what fashion needs right now.

What I’m Reading…
For all the people who were friends with Davide Renne, the recently appointed creative director of Moschino, who passed away of a reported heart attack last week: I’m sorry. It’s such a sad thing, and there’s not anything else to say. [NYT]

Richemont took another €527 million writedown on Yoox Net-a-Porter Group. Sheesh. [Reuters]

Congrats to Chloe Malle for making everyone’s Monday morning with this Lauren Sánchez–Jeff Bezos hang sesh. [Vogue]

Hollywood glam squads are back to work, too. [WWD]

Tapestry beat analyst expectations this quarter. [Hypebeast]

I wasn’t going to link to Will Welch’s excellent Tom Ford interview because I assumed that everyone has read it, but I’m throwing it in here just to make sure. It’s a good lesson for designers: Ford isn’t afraid of journalists (probably because he was married to one); he’s willing to take time with them. If you are self-aware, offering the right journalist (honest) access can really pay off. [GQ]

Super excited for this random brand J. Logan Home, which Travis Kelce wore in Argentina to make out with Taylor Swift. [Harper’s Bazaar]

Kim Kardashian has been wearing a lot of Balenciaga. [Footwear News]

Speaking of Kim, this road-to-I.P.O. marketing strategy is nothing short of remarkable. Kudos to everyone involved, it’s so good. [Twitter]

Gabriela Hearst opened her first shop in Los Angeles, smartly adjacent to a fancy hotel. [WWD]

Lessons on being a critic from my son’s favorite book. [The New Yorker]

Naomi on Ivanka. [The New Yorker]

Crucial weight-loss drug news: Wegovy helps prevent heart attacks, too. What are we gonna do with all these healthy people? [Stat News]

And finally… curious to know how many of Line Sheet’s Los Angeles-based readers were at the Baby2Baby gala on Saturday night versus the How Long Gone podcast taping.

Until Thursday,
Lauren
FOUR STORIES WE’RE TALKING ABOUT
Zaz-Adjusted EBITDA
Zaz-Adjusted EBITDA
Examining the hidden green shoots at WBD.
WILLIAM D. COHAN
Marvel In Retreat
Marvel In Retreat
When did MCU lose the plot?
MATTHEW BELLONI
SAG’s New Deal
SAG’s New Deal
A close look at what the actors achieved.
JONATHAN HANDEL
The Kushner Connection
The Kushner Connection
Inside Univision’s pivot to the right.
DYLAN BYERS
Puck
Facebook Twitter Instagram LinkedIn

Need help? Review our FAQs
page
or contact
us
for assistance. For brand partnerships, email ads@puck.news.

You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with . To stop receiving this newsletter and/or manage all your email preferences, click here.

Puck is published by Heat Media LLC. 227 W 17th St New York, NY 10011.

SEE THE ARCHIVES

SHARE
Try Puck for free

Sign up today to join the inside conversation at the nexus of Wall Street, Washington, Silicon Valley, Hollywood, and more.

Already a member? Sign In


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Premium podcast content
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives
  • Bookmark articles to create a Reading List

  • Off the record conference calls with authors and staff
  • Invites to exclusive in-person events
  • Early access to new editorial and product features
  • Exclusive access to Puck merch

Exclusive to Inner Circle only



Latest Articles from Fashion

In the early days, Antoine’s ambition for Berluti made him the Arnault sibling to watch, but he has been outshone by Alexandre, the eldest of the three boys that make up “the second family.”
Lauren Sherman • November 30, 2023
The Brothers Arnault
Some fresh reporting and insight into the Arnault family horse race to be the heir apparent.
Marc Metrick, Jennifer Lawrence and Delphine Arnault at the Saks Fifth Avenue Dior Holiday event.
Lauren Sherman • November 27, 2023
Saks Attack
An update on their Dior deal, the Estée Laundry rumors, all that fundraising, and the Neiman Marcus roll-up fantasies.
Lauren Sánchez, Jeff Bezos, and Anna Wintour in February 2020.
Lauren Sherman • November 20, 2023
Bezos-Sánchez Aftershocks & The $100M Club
Pre-Thanksgiving chatter from across the fashion industry: The Todd Snyder revenue trap, Matthew M. Williams’ new investor, and the real backstory of that Bezos-Sánchez Vogue shoot.


It’s too early in Richard Dickson’s tenure as C.E.O. of Gap Inc. to present plans for each of its brands, but it isn’t too early for him to make executive changes.
Lauren Sherman • November 16, 2023
Gap Year
Can Richard Dickson, the newly empowered C.E.O. of Gap, succeed where every other leader has failed by cleaning house? “That’s the only thing that can save the company,” says one former executive. “Fire everyone and bring new people in.”
What Sarah Burton does after her departure from Alexander McQueen has become the topic du jour in Europe and England.
Lauren Sherman • November 13, 2023
The Sarah Burton Existential Questions
We know what McQueen is without McQueen, and will soon find out what McQueen is without Burton. But what is Burton without McQueen?
Demi Moore presented an innovation award to Gwyneth Paltrow at the CFDAs.
Lauren Sherman • November 9, 2023
The Skirt & The Whale
Amazon, Gwyneth, Tory, Khaite, Domenico, etcetera: news and notes from underneath the giant blue whale at the CFDA awards.


Tory Burch has done a good job of nodding to the big ideas of the season coming from Prada and the like, but making her take feel new and interesting.
Lauren Sherman • November 6, 2023
Tory, Birkenstock, Skims, and the Great Fashion I.P.O. Debate
Market shifts and the post-ZIRP era have made going public out of fashion. Could Tory Burch and a crop of stalwarts change all that?


Get access to this story

Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.

Verify your email and sign in by clicking the link we just sent.

Already a member? Sign In


Start 14 Day Free Trial for Unlimited Access Instead →

Latest Articles from Fashion

Estée Lauder C.E.O. Fabrizio Freda with Jane and Ronald Lauder.
Lauren Sherman • November 2, 2023
American Beauty
On the past, present, and uncertain future of Estée Lauder.
Wescoat Pound has made something nice that also makes the person wearing it look exponentially better.
Lauren Sherman • October 30, 2023
The Goldilocks Fashion Star of ’23
Finally, a feel-good story: Trish Wescoat Pound, with the help of Andrew Rosen, revived the contemporary formula, priced it perfectly, and nailed the modern distribution pipeline. In the process, she created a paradigm for how young brands can scale these days.
If it were indeed true, Tourniaire-Beauciel would be a huge get for Yeezy.
Lauren Sherman • October 26, 2023
Oy Vey: Here Comes the Kanye Comeback Tour
A rumored (and swiftly denied) contract with a star shoe designer is making waves—not only because West is involved, but also because the new Yeezy shoe is looking… good?
Farfatch C.E.O. José Neves and president Stephanie Phair.
Lauren Sherman • October 19, 2023
Farfetch Dreams vs. Realities
Once upon a time, Farfetch seemed like the future of online luxury—and fabulous boutique brands and beauty and even a secondary market for sneakerheads. Is the YNAP deal its white whale, or the prelude to another public failure?
Over the summer, the former Estée Lauder Companies executive John Demsey was appointed senior advisor to L Catterton, the LVMH-linked private equity firm.
Lauren Sherman • October 16, 2023
John Demsey Comes in From the Cold
A candid chat with the formerly canceled beauty executive on the state of the trade, the existential threat of the fashion conglomerates, and the future of D.T.C.
Saks Fifth Avenue-owner Richard Baker.
Lauren Sherman • October 12, 2023
More Thoughts on the Saks-Neiman Flirtation
The player haters in Paris were out for Saks. Is this because the fashion crowd is frowning on Richard Baker’s Neiman Marcus M&A fantasy? Or because there is trouble? Or are people in this business just bored and mean? (I’m not talking about you, though.)
There are rumors that former Gucci designer Alessandro Michele is already installed at Fendi, while Dior employees are convinced he’s headed their way.
Lauren Sherman • October 9, 2023
The Alessandro Gossip Wars: Fendi vs. Dior
Everyone in Paris (and New York… and L.A….) is murmuring about Alessandro’s next move. Herewith, the real story within the speculation.

You have 1 free article Left

To read this full story and more, start your 14 day free trial today →


Already a member? Sign In

  • Terms
  • Privacy
  • Contact
  • FAQ
© 2023 Heat Media All rights reserved.
Become a member

All of the insider knowledge from our top tier authors, in your inbox.

Sign up

Already a member? Sign In

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

SIGN UP with Google
SIGN UP with Google
SIGN UP with Apple
SIGN UP with Apple
OR USE EMAIL & PASSWORD
Password strength:

OR
Sign in

Not a member yet? Sign up today

Sign in with Google
Sign in with Google
Sign in with Apple
Sign in with Apple
OR USE EMAIL & PASSWORD
Don't have a password or need to reset it?

OR
Verify Account

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

YOUR EMAIL

Use a different sign in option instead

Member Exclusive

Try Puck for free

  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Premium podcast content
Welcome to Puck!

You are logged into a free account as unknown@example.com

Already a member? Sign in with your paid account


Directly Supporting Authors

A new economic model in which writers are also partners in the business.

Personalized Subscriptions

Customize your settings to receive the newsletters you want from the authors you follow.

Stay in the Know

Connect directly with Puck talent through email and exclusive events.