The Daily Roundup: Beyoncé Wins CFDA Fashion Icon Award, Christopher Bailey’s Pay Drops 75 Percent

by Sydney Sadick

Read today’s daily dose of chic intel right here… 

Beyoncé Wins CFDA Fashion Icon Award [Harper’s Bazaar]
Beyoncé is the recipient of this year’s CFDA Fashion Icon Award, which was presented to the singer by designer Diane von Furstenberg at last night’s CFDA Awards.

Christopher Bailey’s Pay Drops 75 Percent[Fashionista]
Burberry’s annual report shows that the brand’s chief creative and executive officer Christopher Bailey will face a rather considerable decrease in pay for the remainder of 2016.

Anne V Reveals Engagement [Vogue UK]
The model and former Victoria’s Secret Angel announced her engagement to longtime boyfriend Adam Cahan on Twitter, with a picture of her gorgeous diamond ring.

Ralph Lauren to Cut Jobs [The Fashion Law]
Ralph Lauren Corp said it’s planning to cut jobs, close stores, and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.

Fashion Entertainment Put to the Test at the CFDA Awards [Business of Fashion]
A look at the audience reactions to CFDA Award host Joel McHale and his jokes, and why the evening resembled a traditional awards show more than ever before.

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