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Photo: Angalis Field / Teen Vogue
Here are the latest highlights in the fashion world this Wednesday.
Alex Consani Graces the Cover of Teen Vogue
The November issue of Teen Vogue features model and social media star Alex Consani on its cover. Captured by photographer Angalis Field and styled by Kirby Marzec, she dons a striking ensemble fromBalenciaga. In an insightful interview with Eva Reign, Consani opens up about various subjects including her passion for skateboarding, her journey as a trans woman, and her role as an icon for Generation Z. {Teen Vogue}
Estée Lauder Appoints New CEO
The Estée Lauder Companies announced that Stéphane de La Faverie will assume the role of president and CEO starting January 1. This transition comes approximately six months ahead of Fabrizio Freda’s previously scheduled retirement. Additionally, William P. Lauder will step down from his position as executive chairman but will continue to serve as Chair of the Board of Directors. “Stéphane’s extensive industry knowledge and collaborative approach make him perfectly suited to lead us into our next chapter,” stated William P. Lauder in a press release. {The Estée Lauder Companies}
Prada Group Sees Revenue Growth Despite Luxury Market Challenges
The latest financial report reveals that thePrada Group‘s revenue has surged by 18% year-over-year, even amidst a slowdown in luxury spending globally. A significant contributor to this growth is Miu Miu, which has experienced an impressive 105% increase in sales compared to last year. This performance stands out against competitors likeLVMH andKering, both of which have reported declines during the third quarter. {Prada Group}
Shopify Shifts Strategy Towards Larger Enterprises
Shopify’s business model has traditionally catered to small businesses; however, it is now pivoting towards larger enterprises following a decline in pandemic-driven e-commerce growth. The platform has successfully attracted several high-profile clients from rival Salesforce such as Mattel Inc., Toys R Us, and Casper due to its competitive pricing and user-friendly interface. {Business of Fashion/paywalled}
A Surge in Cosmetic Procedure Financing Among Americans
The popularity of cosmetic procedures like Botox injections and tummy tucks continues to rise across America, prompting debt investors to take notice due to their often uninsured costs. According to Bloomberg reports, more Americans are willing not only to undergo these expensive treatments but also seek financing options for them through clinics or credit services specializing in aesthetic procedures (such as Allergan). Partnerships between clinics and financial institutions are becoming common with tailored rewards programs aimed at easing payment processes. {
[Bloomberg]}
*Homepage photo: TheStewartofNY / FilmMagic*
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