Photo&col;John Lamperski/Getty Images for NYFW:The Show
The stories dominated fashion headlines on Wednesday.
Joseph Altuzarra for Victoria’s Secret
Victoria’s Secret has announced it will venture into ready-to-wear, with Joseph Altuzarra serving as its first “resident studio designer.” Altuzarra will design a complete wardrobe for Victoria’s Secret customers in 2025, combining his spirit of femininity and strength with the brand’s glamor and fantasy. during an interview FashionThe designer describes working with the brand as “a dream”. {Fashion}
Saks and Authentic Brands Group form luxury goods joint venture
Following the success of the Barneys New York pop-up store collaboration, Saks Global and Authentic Brands Group have joined forces to form the Authentic Luxury Group. The new group combines Saks Global’s luxury retail experience with Authentic Brands’ licensing expertise and will include Barneys New York, Judith Leiber Couture, Hervé Léger and Vince. The group’s goal is to promote brand growth through strategic licensing agreements and distribution. {Fashionista Inbox}
Gucci appoints new CEO
Stefano Cantino will succeed Jean-François Palus and serve as Gucci CEO from January 1st. Francesca Bellettini, a senior executive at Kering, said in a statement: “I am extremely grateful to Jean-François for his dedication and loyalty to Gucci during this period of transition. . “I am confident that, building on the foundation established over the past 15 months, Stefano and the Gucci team will successfully complete their mission and return Gucci to the leadership position that the brand deserves. ” {Kingyun}
Saudi Arabian wealth fund to acquire 40% stake in Selfridges
Saudi Arabia’s Public Investment Fund will reportedly become a minority shareholder in British department store chain Selfridges fashion business. It will take a 40% stake, acquiring the now-bankrupt Signa Group’s stake in the company, property and operations. (The Public Investment Fund already holds a 10% stake in the department store after Signa sells part of its original holding to the Public Investment Fund, with the remaining shares to be transferred in the sale.) The fund will join Thai conglomerate Central Group, which As a partner investor, owns 60% of Selfridges. {fashion business/paywall}
jennifer lopez cover interview
Jennifer Lopez is No. 557 interview Cover star. The cover image was shot by Brianna Capozzi and styled by Haley Wollens, who wears a Dior jacket, shorts, boots and Saint Laurent earrings. In an interview with comedian Nikki Glaser, Lopez discussed self-esteem, relationships and embracing singleness. {interview}
What’s next for brand activation?
Retail vacancy rates in the U.S. are at their lowest levels in a decade, signaling the end of the golden age of pop-up stores. Small retail brands are looking to other low-risk ways to interact in person, including collaborations, trunk shows, restaurant partnerships and college campus events to connect with customers. Cathaleen Chen explores this shift fashion business. {fashion business/paywall}
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