A lot has been going on in fashion and I’ve listed the best news stories and editorials in this week’s Good Reads.
Diversity on Magazine Covers Widely Improved in 2016
Fashionista does a magazine cover diversity report every year. This year the online publication reviewed 147 covers from 10 leading U.S. fashion magazines. Last year’s report showed that magazines did not improve in 2015. This year, however, magazines improved greatly. In 2015, 27 of the 137 covers reviews featured non-white people while the year before 27 out of 136 did. It was an improvement but a small one going from 19.7% to 19.8%. Fashionista looked at covers from the same magazine s they did last year and found that 53 of 147 covers featured non-white people. That’s 36% compared to last year’s 19.8%, which is a 16.9% increase.
Read the full article here on Fashionista.
LVMH Takes $75 Million Stake in DKNY’s New Parent Company
LVMH Moët Hennessy Louis Vuitton has reported a 5.4% passive stake in G-III Apparel. A passive stake is a form of investing where’s the shareholder takes no part in running the company. LVMH does, however, have a shared voting power. G-III Apparel sold $75 million in common stock to LVMH in connection with the DKNY deal. In July, LVMH was all over fashion news when it sold Donna Karan International to G-III Apparel for $650 million. G-III Apparel funded the purchase with cash, $75 in its common stock to LVMH, and a $125 junior lien seller note.
Read the full article here on The Fashion Law.
10 Bags to Shop Now from the Just-Launched Net-a-Porter International Sale
International readers of the website don’t usually get to buy discounted products during Thanksgiving or Black Friday because those are U.S. holidays. Christmas in an about a week, though, and many brands are having sales. Net-A-Porter is having an international sale and you can get up to half off clothes, shoes, accessories, and handbag. PurseBlog has listed 10 bags to shop from the Net-A-Porter international sale including bags from Bottega Veneta, Alexander Wang, and Lanvin.
Read the full article here on PurseBlog.
Dolce & Gabbana Accuses Philipp Plein of Stealing Employees
Dolce & Gabbana was all over fashion news when they accused Philipp Plein of trying to steal employees in a letter Plein posted and responded to on Instagram. The brand sent a letter alleging Philipp Plein International has contacted around 10 of its employees in an attempt to steal them. The employees Plein was accused of contacting are mostly sales assistants at Dolce & Gabbana’s main store on Via Della Spiga in Milan. Plein posted a photo of the letter on Instagram and responded saying, “just received a love letter from Dolce and Gabbana’s lawyer accusing me and my people that we would steal their employees……. 1. This is a free country and everybody can choose by themselves who they want to work for !! 2. If people are happy at their job they don’t think about leaving !!!”
Read the full article here on WWD.
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