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Sports Illustrated Has Been Sold to Authentic Brands (New York Times)
The intellectual property of Sports Illustrated has been sold to Authentic Brands Group for $110 million. ABG now owns the SI name, and archive of images — essentially the brand. Meanwhile, Meredith, which acquired SI when it bought Time Inc., will continue to print the magazine and run the website. Under the deal, which will last at least two years, it will pay a licensing fee to ABG.
Paris Will Stage a Tribute to Karl Lagerfeld (WWD)
Next month in Paris, a tribute to Karl Lagerfeld will be held at the Grand Palais during men’s fashion week. Titled “Karl For Ever,” the event will feature a mix of video footage of the late designer and live performances. “I wanted something full of life and unexpected,” Robert Carsen, the theater and opera director who is handling the tribute, told WWD. “He would have wanted it to be a joyful moment.”
Heritage Label Jean Patou Undergoes a Rebrand
Last September, LVMH announced that it was reviving the House of Patou with former Nina Ricci designer Guillaume Henry at the helm. Today, it was announced that the label’s name is being shorted from “Jean Patou” to simply “Patou,” with a new logo inspired by the house’s archives. Henry will debut his first collection for the house this September in Paris.
Diane von Furstenberg Reflects On Her Time at the CFDA (Vogue)
Diane von Furstenberg recently held her last membership meeting as chair of the CFDA. As she readies to pass the torch to Tom Ford, the designer looked back on all that she has accomplished during her time with American fashion’s governing body. “My first big goal was to create a fashion family. We grew from 250 members to 500 members,” she told Vogue. She also shared thoughts on how the CFDA will fare under her successor. “Tom doesn’t need advice. It would be stupid to give it to him. It’s nice to come fresh and do it your own way. He’s very serious at everything he does, and he’s a little intimidating, which is good. But he’s a nice guy. He’s a statesman. It’s a great honor for me that he comes after me.”
Chiara Ferragni Launches a Capsule Collection With Lancôme
At a beauty event in February, Chiara Ferragni hinted that she would drop her own beauty product this year. Well, now all has been revealed: Ferragni has a capsule collection with Lancôme. The collaboration features lipstick, lipgloss, mascara, and an eyeshadow palette. It is available for pre-order online now.
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