Notes on Kering’s disappointing Q1, Vanity Fair’s E.I.C. shortlist, Saks Global’s new headache, and an intriguing potential Met Gala appearance.

The late, great New York department store lives on in name only inside a few Saks stores, a gated community in Tulum, and a 2010s zombieland in Tokyo. Efforts to resurrect the brand have sputtered and...

While the luxury industry processes Trump’s multibillion-dollar assault on global trade, LVMH and Kering are confronting the consequences of their own success: greater exposure to macroeconomic trends...

A punchy dispatch from the fashion frontlines: Celine’s new partnership with the world’s most expensive group Pilates class, how LVMH is bracing for a potential 200 percent Trump alcohol tariff, and w...

A concise digest of fashion world news and notes featuring the unhinged farewell email from Pat McGrath Labs’ outgoing CEO and what John Idol’s investor day presentation signals for Versace.

Notes on the Marc Metrick memo that shook the world—and the broken model of multibrand retail that produced it.

Nike is hoping a collaboration with Kim Kardashian’s Skims will help cure its girl troubles. Could it lead to a future acquisition?

A tidy collection of hot-button fashionworld intel: The dissolution of Condé Nast’s relationship with its longtime Middle Eastern publishing partner, notes on how GLP-1s are changing the plus-size mod...

Until now, New York magazine’s union members have never threatened a work stoppage. And while their demands seem reasonable—over salary, health insurance, and (of course) concerns about A.I.—this is o...

Lately, lingerie behemoth Victoria’s Secret is trying to claw its way back to relevance after a spectacular crash. How did a brand that once defined the culture fail to keep up?

Lauren Sherman Hi, and welcome to Line Sheet, where I’d estimate that the overlap between our subscribers and the opening weekend audience for Babygirl was about 100 percent. 🥛. On the subject of Baby...

A half-dozen-ish predictions regarding the luxury fashion business following its toughest year in recent memory.

The latest revival of Calvin Klein may represent a reversal back toward high fashion and relevance, but it’s also probably a last-ditch effort for PVH executives to determine whether it has any influe...

Capri C.E.O. John Idol is in a pickle in the wake of his failed attempted merger with Tapestry, and now he’s looking to sell off assets like Versace. But questions surround the business that he bought...

A pan-Line Sheet mailbag with answers to your burning questions about the entire fashion-beauty-retail industrial complex.

Behind the scenes of new Chanel designer and Lagerfeld heir Matthieu Blazy’s exit from Kering, plus the unexpected leading candidate to replace him.

Selling Sexy memorializes the life cycle of a phenomenon gone zombie, the writers coming to the subject with the benefit of both lived experience and a cultural anthropologist’s critical eye.

News, notes, and fresh reporting at a series of recently refreshed historic mall brands, including the Gap and J.Crew.

Hi, and welcome back to Line Sheet. Today, I’ve got additional thoughts on the Hearst situation, somewhat surprising Black Friday economics, and an update on the Saks-Neiman Marcus deal. (It’s happeni...

News and notes on the new (and, in many ways, overdue) partnership between Gwyneth Paltrow and Cassandra Grey—and the “fixer” at the center of it all: Julia Hunter.

Hello, and welcome to Line Sheet. Today, we dig into the prospect of Matthieu at Chanel, check in on the status of the Saks-Neiman deal, examine the exit options for Quince, and share some changes at ...

An intimate awards-season conversation with Anderson and three more costume designers behind some of the year’s biggest movies: Colleen Atwood, Virginie Montel, and Janty Yates.

Kering news and notes: the Sabato De Sarno sitch at Gucci, an executive shuffle, and where Matthieu Blazy might land.

The decision to release VF’s annual star-packed Hollywood Issue three months early—before Thanksgiving!—did little to quiet speculation about Roger Lynch & Co’s strategy to grapple with Condé’s rough ...

The decision to release VF’s annual star-packed Hollywood Issue three months early—before Thanksgiving!—did little to quiet speculation about Roger Lynch & Co’s strategy to grapple with Condé’s rough ...

Assessing the collateral damage and lessons learned—particularly that “winner-takes-all” nonsense—from Farfetch’s humbling: the delisting, the bridge loan, and failed Yoox Net-a-Porter merge...

Mansur Gavriel has experienced all the feels of our capricious industry in just a decade: a once-in-a-lifetime product, investor frenzy, a humbling, some misses, an executive shuffle, and more. And ye...

Some fresh reporting and insight into the Arnault family horse race to be the heir apparent.

Here’s what everyone is really talking about in Paris, Milan, and L.A. as the year comes to an end.

A prolonged and botched layoff cycle has called attention to the financial engineering and further brand dilution of Si Newhouse’s former empire. As usual, the chorus of discontent appears to be a m...

Pre-Thanksgiving chatter from across the fashion industry: The Todd Snyder revenue trap, Matthew M. Williams’ new investor, and the real backstory of that Bezos-Sánchez Vogue shoot.

An update on their Dior deal, the Estée Laundry rumors, all that fundraising, and the Neiman Marcus roll-up fantasies.

We know what McQueen is without McQueen, and will soon find out what McQueen is without Burton. But what is Burton without McQueen?

Why has it taken more than two years for Phoebe Philo to launch her LVMH-backed line? And will it ever really launch?

Mickey Drexler, the legendary merchant, is now the C.E.O. of Alex Mill, which operates off of his own personal investment. We chatted while Mickey was on vacation—because you’re never really on va...

Is Saks’ hunt for the more upscale Neiman a brilliant retail play, a smart real estate move, or the luxury Pam and Tommy sitch of our time?

Herewith, Line Sheet’s first reader mailbag.

An $8.5 billion union of near-luxury brands—Versace, Kate Spade, Michael Kors, Jimmy Choo, etcetera—promises to be good for shareholders. But can it produce great fashion?

Todd Shemarya essentially created what we now know as the Hollywood-fashion industrial complex—matching celebrities like Jennifer Aniston with brands, and eventually helping them take equity stakes ...

Conversations between LVMH and Neiman Marcus Group may be heating up again as the French billionaire plots his conquest of Fifth Avenue. But can the Goodman family give Arnault what he actually wants?

Paltrow has put all of her eggs in the Goop mogul basket, but what’s the endgame for a newsletter-turned-lifestyle brand that doesn’t turn a profit? Dave Portnoy’s Barstool may provide a comp…

Hi, and welcome back to Line Sheet. Today’s lineup is a bougie mixed-use development in newsletter form—Rothy’s, Loewe, GOOP—because you know I love an outdoor mall. I’ve also got a teeny, t...

Activist investor Bluebell Capital is pushing for major moves at Kering, and François-Henri Pinault seems to be listening. Will this financial love tap compel him to make more changes at the group? A...

Kylie will be fronting a line developed by Jens and Emma Grede, the geniuses behind Skims and other Kardashianwear.

Hello, and welcome back to this oh-so-American edition of Line Sheet. (Save for, oh you know, this huge Kering/Valentino news.) Europeans, don’t forget to drop me a note before you head out on holid...