Plus, Lady Gaga covers ‘Elle’ and is interviewed by Oprah.
These are the stories making headlines in fashion on Wednesday.
Phoebe Waller-Bridge covers Vogue‘s December issue
Phoebe Waller-Bridge is the latest cover star for Vogue‘s December issue. In the accompanying interview, the “Fleabag” creator and actress discusses what taboos she’ll break next, her thoughts on the second season of “Fleabag” and her inspirations. {Fashionista Inbox}
CNBC investigates The RealReal
Online luxury consignment store The RealReal has come under fire lately for reports of inauthentic items being sold from its marketplace. Though the company claims all of its pieces are authenticated, nearly three dozen former employees have disclosed that not everything is verified by an expert and that they have to work under strict quotas that may lead to fakes being sold on the site. {CNBC}
Lady Gaga covers Elle and is interviewed by Oprah
Grammy award-winning singer and actress Lady Gaga covers Elle magazine’s December issue, wherein she also discusses her career path, her new makeup line Haus Laboratories and battles with her mental health — during an interview with none other than Oprah. {Elle}
The Queen’s decision to go fur-free
Queen Elizabeth recently announced that she has shifted her attitude about fur and going forward, any new garment made for her will be crafted from faux fur. The decision comes after constant criticism from animal rights charities, but will only refer to new garments created for her, not existing pieces in her wardrobe already made from fur. {The Telegraph}
Barneys’ brands are scrambling to find other outlets
After last week’s sale of Barneys New York to licensing company Authentic Brands Group, brands that conducted wholesale business with the luxury retailer are scrambling to make up sales elsewhere. ABG has plans to profit off of the Barneys’ brand, so merchandise will be liquidated starting this week in storewide sales. LVMH is the only company whose brands cannot be discounted, so independent brands will need to find other outlets quickly. {Business of Fashion}
Why is LVMH the second most valuable company in Europe?
This week, LVMH passed the €200 billion mark on the Paris Stock Exchange making it the second-largest company in Europe following Royal Dutch Shell. The company owes much of its success from building a diverse portfolio of luxury brands and because the desirability of those key brands remains high, the group will continue to grow consistently and profitably. {Business of Fashion}
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Source: Fashionista.com
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