Happy Fashion Month! We at Fashion Reverie would like to start by mourning the passing of legendary fashion designer Giorgio Armani, who passed away on September 4. With Milan Fashion Week several weeks away, will the show go on in his absence? To be determined.
In the meantime, prepare your teacups as we pour the pre-Fashion Week tea. From disgruntled editors to companies going for broke, the September tea is hot. Grab your denim jacket and join us for the hot gossip.
Image courtesy of pucknews.com
Mark Guiducci, the global editorial director of Vanity Fair, has upset his editors after he suggested putting Melania Trump on the cover of the magazine. Needless to say, his liberal-leaning editors immediately staged a revolt. One senior editor threatened to walk out, take her staff with her, and said she’d prefer to bag groceries at Trader Joe’s. This doesn’t bode well for Guiducci, who only took over as editorial director of Vanity Fair this year and was already considered one of the most disliked people in the Condé Nast building.
©BALMAIN, Photography by Rafael Pavarotti
Balmain, considered a crown jewel of the fashion industry, isn’t making as much money as it used to. The brand is reportedly having financial trouble, with sales steadily declining. Mayhoola, the brand’s parent company, has provided them with multiple bailouts. How long will they continue this support, and what will that mean for Balmain?
Image courtesy of Caroline Ramsey
In the wake of luxury e-commerce company Ssense filing for bankruptcy, many of their employees who weren’t laid off already are jumping ship. Rather than see what the writing on the wall will have in store, people have begun jumping at the first jobs that come their way before they have to collect unemployment insurance. It’s a tough market for fashion right now.
Image courtesy of Firenzemadeintuscany.
While Alessandro Michele made a legendary name for himself at Gucci, it appears the higher-ups at Valentino are less than satisfied with the results he’s delivered at the brand. Sales have taken a slight dip, but keep in mind, despite the picture of optimism some economists are trying to paint, we are in a recession. Will they try to replace Michele with fresh blood or at least give him a chance to steer through the current luxury fashion downturn?
—Mr. Dippity Don’t
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