Must Read: Fashion's 'Fake News Epidemic', Paul Andrew Named Creative Director of Sergio Rossi

These are the stories making headlines in fashion on Wednesday.

Fashion’s “fake news epidemic”
It’s been a year of designer musical chairs, with Peter Hawkings‘s recent exit from Tom Ford leaving another house devoid of a creative director. And speculation has grown rampant around where designers like Sarah Burton, John Galliano, Hedi Slimane, Pierpaolo Piccioli and others may be headed. For The New York Times, Vanessa Friedman argues against this unfounded gossip, writing that it “is often rooted in nothing more than whispers and wishful thinking — or the product of strategically deployed leaks used as a tactic in a contract negotiation. And it is, in the end, good for no one.” {The New York Times} 

Paul Andrew named creative director of Sergio Rossi
Paul Andrew is the new creative director of Sergio Rossi. “This new direction for the brand aligns seamlessly with our mission to uphold its rich heritage while catering to the evolving tastes of our clientele,” said Eric Chan, CEO of Lanvin Group (the brand’s owner), in a statement. A seasoned footwear designer, Andrew has worked for Ferragamo, Donna Kara, Calvin Klein, Narciso Rodriguez and Alexander McQueen, in addition to running a CFDA Award-winning namesake shoe line, which recently relaunched. {Fashionista inbox}

LVMH revenue slips in first half of 2024
The luxury group saw a revenue decline of 1% on a reported basis (but 2% organic growth) in the first half of 2024. Fashion and Leather Goods sales, specifically, declined by 2%, due largely to exchange rate fluctuations, according to the company. Still, Louis Vuitton and Christian Dior “maintained an exceptional level of profitability.” Per Chairman and CEO Bernard Arnault, these results “reflect LVMH’s remarkable resilience, backed by the strength of its Maisons and the responsiveness of its teams in a climate of economic and geopolitical uncertainty.”  {LVMH}

Inside the new female-led  Victoria’s Secret Fashion Show
This year’s “bigger and better” show will be helmed by longtime Victoria’s Secret executives Janie Schaffer (chief design and creative officer) and Sarah Sylvester (executive vice president of marketing). Their version of the show will be a celebration of the original — featuring wings, performances and all — but through a new lens of inclusivity. “All women will be represented,” Schaffer told WWD. (No word yet on the exact date, or whether it will be televised or livestreamed.) {WWD/paywalled}

Cole Escala is Tomboyx’s new brand ambassador
Willie Norris was announced as the intimates brand’s first-ever chief creative officer on Tuesday. Her new ambassador program, ‘Tomboyx co-signers,’ launches Wednesday featuring actor, singer and comedian Cole Escola, the writer and star of the hit Broadway play “Oh, Mary.” Limited edition Escola-signed briefs are available on tomboyx.com. {Fashionista inbox}

Estée Lauder Companies names new CFO
Succeeding Tracey T. Travis, who recently announced plans to retire, Akhil Shrivastava will assume the role of chief financial officer and executive vice president at Estée Lauder Companies (ELC), effective Nov. 1. Most recently the company’s senior vice president, corporate controller, Shrivastava joined the company in 2015 as VP of global finance and strategy for the Estée Lauder brand. {Estée Lauder Companies}

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Source: Fashionista.com