Fashion News Alert: Anna Wintour Rumors, Stella McCartney Buyback, Virgil Obloh’s New Job, and MAC Celebrates Aaliyah

 

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                             Image courtesy of celebsnetworthtoday.com

Fashion tongues are wagging that famed Anna Wintour may be leaving her position as Editor-in-chief of American Vogue and her role as Artistic Director of Conde Nast. Dame Anna Wintour has held the position of Editor-in-chief at Vogue since 1988 and Artistic Director of Conde Nast since 2013.On Monday, Page Six of the Daily News announced that Wintour will be stepping down in July after her daughter’s marriage Bee Schaffer to Francesco Carrozzini, son of deceased Franca Sozzani, former Editor-in-chief of Vogue Italia. This departure also comes after Wintour has finished her work on Vogue’s much coveted September issue.

The fashionweekdaily.com details that Edward Enninful, British Vogue’s current editor-in-chief, may replace Wintour. Fashionweekdaily.com also reveals that Jonathan Newhouse, chairman of Conde Nast International does not favor Wintour as his uncle SI Newhouse, longtime chairman of Conde Nast, and wants Anna Wintour out because she has too much power. Jonathan Newhouse is currently in London running the international wing of Conde Nast but is due to return to New York City soon to helm Conde Nast.

Conde Nast denies all these rumors. Is the Golden Age of fashion publications over? Hmm, the verdict is still out.

Virgil Abloh’s new gig

LVMH has tapped Virgil Abloh to head Louis Vuitton menswear. Virgil Abloh is currently the creative director and founder of street wear label Off-White. Abloh takes over the Louis Vuitton menswear collection after the departure of Kim Jones for Christian Dior menswear.

“Having followed with great interest Virgil’s ascent since he worked with me at Fendi in 2006, I am thrilled to see how his innate creativity and disruptive approach have made him so relevant, not just in the world of fashion but in popular culture today. His sensibility towards luxury and savoir-faire will be instrumental in taking Louis Vuitton’s menswear into the future,” explained Louis Vuitton’s CEO and Chairman Michael Burke.

After the announcement Abloh said, “It is an honor for me to accept the position of Men’s Artistic Director for Louis Vuitton. I find the heritage and creative integrity of the House are key inspirations and will look to reference them both while drawing parallels to modern times.”

LVMH has made a concerted effort in the past few years to elevate its fashion brands beyond a luxury design aesthetic, embracing more of a street wear design perspective in an effort to attract and retain a younger consumer. This new direction has prompted much shuffling at many LVMH brands.

  Image courtesy of allure.com

MAC and Aaliyah

MAC recently released a sneak peek of its MAC X Aaliyah series on social media. MAC X Aaliyah will hit the market in June 2018. “Aaliyah lives on in a makeup collection influenced by her groundbreaking work in music and film,” said the cosmetic giant on social media.

This collection will pay homage to the late R&B singer’s style and beauty. The cosmetic series will feature nine-shade eye palette containing sultry plum, ochre and rose hues inspired by one of the singer’s music videos. There will also be a single lipstick in a buttery toffee shade, similarly inspired by the name of an Aaliyah song. Both products are encased in sleek burgundy packaging with silver embossing.

The MAC X Aaliyah will be available on maccosmetics.com on June 20 and hit stores across North America on June 21.

     Images courtesy of coucouhair.fr

Stella McCartney is taking back more control at her eponymous fashion brand. McCartney is buying back 50% of company from Kering making her the sole owner of her company. The brand was launched in partnership with Kering in 2010.

“It is the right moment to acquire the full control of the company bearing my name. This opportunity represents a crucial patrimonial decision for me,” commented Stella McCartney in a recent fashionnetwork.com article. “It is the right time for Stella to move to the next stage. Kering is a luxury group that empowers creative minds and helps disruptive ideas become reality. I am extremely proud of what Kering and Stella McCartney have accomplished together since 2001. I would like to thank Stella and her team wholeheartedly for everything they have brought to Kering—far beyond business. Stella knows she can always count on my friendship and support,” detailed Kering CEO Francois-Henri Pinault.

It is rumored that Stella McCartney received the money for the buyback from her father Sir Paul McCartney. Kering and McCartney will continue to collaborate to ensure a smooth transition and Stella McCartney will stay on the board of the Kering Foundation.

—William S. Gooch

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