Fashion News Alert: Drew Elliot’s New Gig, Barneys in Negotiations with Bidder, Robbie Spencer Leaves Dazed, and Kim K Expands

Image courtesy of happi.com

Drew Elliot is preparing to leave Paper magazine for his new job as Senior Vice President and Global Creative Director at MAC Cosmetics. Elliot will take over for Toni Lakas at MAC Cosmetics on October 28.

Drew Elliot confirmed his new appointment on Instagram, stating this new job is “a dream come true.”  Drew Elliot has been Editor-in-Chief of Paper magazine since 2014 and has also served as a judge on “America’s Next Top Model.”

Image courtesy of dailyfrontrow.com

Bye, bye Spencer

After 15 years Robbie Spencer, creative director of Dazed magazine is exiting the publication. Spencer has helmed Dazed for the past six years.

I started buying Dazed as a teenager and it was one of the first magazines I discovered before moving to London age 19. I actually started working here before I even started university,” Spencer said in a dailyfrontrow.com article. “It was my first ever job, and in many ways, I feel I arrived as a kid and feel like I am leaving as an adult. Dazed has never been solely just a magazine, it has always been a community of like-minded creative people.”

“Robbie is a visionary stylist and as creative director of Dazed has crafted some of its most impactful cover stories,” said Jefferson Hack, co-founder of Dazed Media. “[He] ushered in a new generation of image makers that have defined the zeitgeist … I look forward to him making iconic stories for Dazed in the future.”

Though Spencer is stepping down as creative director, he will continue to work at Dazed on editorial shoots for Dazed Media publications as executive fashion editor. A successor to Spencer has not been named.

Image courtesy of realdeal.com

Barneys gets some help, well, maybe

To prevent going into liquidation, the financially strapped Barneys is in talks with a potential buyer who is preparing a $220 million bid. According to the Wall Street Journal, Barneys’ bankruptcy hearing is on Thursday with bids extending to October 11. 

We are in advanced negotiations with a potential purchaser and intend to reach an agreement by next Friday,” said a Barneys spokesperson to the WSJ, as reported in fashionnetwork.com, confirming the talks but offering no information concerning the identity of the bidder. Those close to Barneys have intimated that the potential buyer is a group of fashion executives lead by Sam Ben-Avraham, whose success have been funding the streetwear brand Kith and Atrium, a NYC-based menswear store.

The potential bid will include an asset-based loan and cash, as well as a deal with the landlords of Barneys’ Madison Avenue store and Beverly Hills stores. In August, Barneys filed for bankruptcy on the heels of an excessive rent hike on its flagship store on Madison Avenue. Barneys has also announced the closing of its stores in Chicago, Seattle, and Las Vegas, as well as seven Barneys Warehouse stores and five concept stores.

Image courtesy of wwd.com

Kim K adds another fashion line

Kim Kardashian continues to build her fashion empire. A month after launching her shapewear line, Kim K has announced she will be launching a loungewear line. Kim K’s Skims’ shapewear line will now include loungewear separates, and cotton tees. Skims launched in September of this year.

Skims Cotton Collection will include bras, underwear, ribbed tank tops, leggings and t-shirts and come in a neutral and pastel color palette. Skims Cotton Collection launches on October 15.

—William S. Gooch

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