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Happy 2026, everyone! Fashion Reverie hopes you enjoyed your holiday season with your loved ones and that you have a fashionable 2026. As we ring in the New Year, we have some hot-off-the-press news to share with you. Just because everyone was using their vacation days for the holidays doesn’t mean the drama in fashion slowed down one bit. It’s hot chocolate season, but the tea is sweet.
In the latest update on the Riccardo Tisci sexual assault case, a judge has partially denied Tisci’s motion to dismiss his alleged victim’s core claims. This means the main claims, including battery, will proceed to the next stage, likely discovery. It’s a tough battle for the once-celebrated designer, as he is now embroiled in this legal fight. He won’t be staging a comeback anytime soon.
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Pieter Muller is considered the frontrunner to succeed Dario Vitale as creative director at Versace after Vitale left the brand after just one season. Muller, who is currently the creative director of Alaïa, has received high praise for his work there. Hopefully, he can turn Versace around after years of sluggish sales.
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Saks Global CEO Marc Metrick has left his post. After years of declining sales, mounting debt, and owing vendors millions of dollars, Metrick leaves Saks in worse shape than when he first took the helm. With a slowing global luxury market and shifting spending habits away from department stores, it’s a challenging time for Saks. New CEO Richard Baker will need to figure out how to engineer a comeback for Saks in an environment that’s currently unfriendly to both department stores and luxury brands.
This major publishing house faced a significant number of layoffs this year in its flagship fashion division, raising concerns about the future of fashion journalism. Most of its younger staff have been let go, leaving only senior editors. But what happens once the older editors retire? The outlook for publishing’s future doesn’t look too promising right now.
— Mr. Dippity Don’t
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