Weekend Fashion News Alert: Lanvin Rescued, Teyana Taylor’s New Gig, Job Cuts at Cond Nast and Hearst, and Cushnie et Ochs Split

                               Image courtesy of qtxasset.com

Teyana Taylor is now taking on the beauty industry. Most consumers know Teyana Taylor from her star turns in Kanye West’s 2016 video “FADE” and her appearance on MTV’s show “My Super Sweet Sixteen.” And those who follow Taylor on youtube.com, Taylor slayed opening The Blonds spring 2018 show in jacket of many hues and colors with turquoise bodysuit underneath.That said; Taylor has now become a beauty ambassador for nail giant OPI. This comes on the heels of Taylor opening her own 90s-style nail salon, ‘Junie Bee Nails,’ in Harlem on February 15.

“I’ve been a fan of OPI for years, and I couldn’t be happier to be partnering with the brand,” Taylor told nailsmag.com. “I’m looking to experiment with my nails and showcase them even more with the new salon and latest OPI products. I’m taking my experience in music and entertainment to give Junie Bee a distinct style.”

Teyana Taylor has over 5.9 followers on Instagram and with this new job, expect her followers to increase.

        Image courtesy of latinglam.com

Lanvin gets an injection of cash

Anyone who has been following all the goings-on at French iconic fashion house Lanvin are probably aware that the brand was short on cash flow due to very low retails since Alber Elbaz was forced out in 2017. Lanvin was so short on cash that it was speculated that the iconic fashion house would be challenged to meet payroll in March.

All this uncertainty has forced the iconic house to look for a huge infusion of money. Several fashion holding companies had expressed interest in Lanvin with Mayhoola and Fosum International being the most viable.

Fosum International won the bidding contest over Mayhoola, signing the agreement on Friday. Fosum International will invest over 100 million euros into Lanvin, using its new acquired shares as controlling interest in Lanvin. Chinese media mogul Shaw-Lan Wang along with Swiss entrepreneur Ralph Bartel formally held controlling interest in Lanvin. Many believe that Shaw-Lan Wang was responsible for the ouster of former Lanvin creative director Alber Elbaz in 2015, replacing him with Bouchra Jarrar who lasted less than nine months at Lanvin.

Fosum International is an international holding company controlled by Shanghai billionaire Guo Guangchang with interests in insurance, trading and many other businesses including French holiday operator Club Med and knitwear band St. John in the US. Because of financial issues Lanvin has cancelled it show during Paris Fashion Week that was scheduled for February. Lanvin also recently had to pay Alber Elbaz 10 million dollars in euros for compensation due to ending his contract at Lanvin before his contract was up. This financial award was decided in arbitration in a French court in December.

Carly Cushnie and Michelle Ochs image courtesy of fashionweekdaily.com

Bye, bye Michelle

Sadly, Michelle Ochs of Cushnie et Ochs is leaving the company. The fashion label founded of 2008 was the brainchild of Michelle Ochs and Carly Cushnie, and according to WWD reports that the design duo’s business relationship had “run its course and came to a natural end.” Cushnie et Ochs’ chief executive officer is also leaving the company.

The brand developed a sizable following as a women’s wear brand who strong design aesthetic focused on a feminine, modern approach to design. Cushnie et Ochs was a finalist in for the CFDA/Vogue Fashion Fund award as well as nominated for the CFDA Swarovski Award.

Cushnie et Ochs celebrated its 10th anniversary during New York Fashion Week: The Shows spring 2018 collections. Cary Cushnie will stand in as CEO temporarily.

Image courtesy of vanityfair.com

There was enough sadness to go around this week at Conde Nast and Hearst Publications. Both publishing giants have let go some key editors which include Vanity Fair’s managing editor Chris Garett, features editor Jane Sarkin, and deputy editors Aimee Bell and Dana Brown, as well Vanity Fair’s executive director of communications, Beth Kseniak.

It was well known for some time that Glamour magazine was not doing well. The round of layoffs include Glamour’s deputy fashion editor Jillian Davison, deputy fashion editor Sasha Inglehart, West Coast editor Jessica Kantor, and sex and relationship editor Cady Drell.

—William S. Gooch




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