Plus, Fendi is transforming its New York City flagship windows to honor Karl Lagerfeld.
Photo: Andreas Rentz/Getty Images
These are the stories making headlines in fashion on Friday.
American fashion gets the Formula 1 treatment
American fashion is embracing the European auto racing league. It’s happening on the heels of the league’s growing popularity in the U.S. For example, in May 2022, a race in Miami broke the record for the most American viewers of a Formula 1 race, at 2.5 million. Pacsun released a dedicated collection while Tommy Hilfiger sponsored teams and races, and Mitchell & Ness is collaborating with British luxury auto manufacturer McLaren. {Glossy}
Gap plans to lay off thousands of workers as 2023 projections look grim
Gap is consolidating jobs, and the latest round of layoffs will cut an estimated 1,800 workers. Last September, the retailer let go 500 of its corporate staff and reportedly had 95,000 employees in January. According to the Business of Fashion, Gap saw a worse-than-expected losses in 2022 Q4 and projected sales below estimates for 2023 thanks to customers curbing spending on non-essentials, especially those in lower-to-middle income groups. Other companies like Meta Platforms Inc and Clorox Co. have also experienced mass layoffs recently. {Business of Fashion}
To be displayed at Fendi’s flagship boutique. Photos: Courtesy of Fendi
Fendi store windows honor Karl Lagerfeld
Karl Lagerfeld had a whopping 54-year-long tenure at Fendi, and now the Italian luxury company is honoring the late designer in the windows of its flagship store in New York City. On May 1, the boutique on 57th Street will reveal a new display with archival sketches and looks by Lagerfeld in celebration of the forthcoming Costume Institute exhibit, “Karl Lagerfeld: A Line of Beauty.” Bergdorf Goodman’s windows will also feature a selection of archival Fendi looks designed by Lagerfeld in honor of the exhibit. Browse images of Lagerfeld’s sketches above. {Fashionista inbox}
Kourtney Kardashian Barker’s Lemme is in expansion mode
“I’m constantly doing bloodwork, I do muscle testing to test which supplements test well with my body specifically,” Kourtney Kardashian Barker told WWD. She turned her obsession with wellness into her brand Lemme, which has been growing fast since its 2022 launch. The brand debuts on Ulta Beauty Friday and will subsequently rollout in 800 of Ulta’s Wellness Shops. With offerings ranging from gummies to tinctures, Lemme is positioning itself to capture the U.S. vitamins, minerals and supplements category that’s estimated to hit $45.2 billion by 2027. {WWD}
Kristina O’Neill to depart WSJ Magazine
WSJ Magazine Editor-in-Chief Kristina O’Neill is leaving her post after more than a decade at the job. The next editor in chief for the magazine has not been announced. O’Neill, who joined in 2012, oversaw the magazine’s transition into the digital age and launched initiatives like the newsletter, which came in between monthly issues. {Business of Fashion}
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Source: Fashionista.com
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