Photo: Courtesy of Sofie Pavitt Face
These are the stories making headlines in fashion on Thursday.
Sofie Pavitt Face enters Sephora
Sofie Pavitt Face, a “studio-grade” skin-care brand founded by New York City-based esthetician Sofie Pavitt, is launching at Sephora on Dec. 26. The brand, which is designed for acne-prone skin, will be available at sephora.com on Dec. 26 and in 363 Sephora stores across the U.S. beginning Feb. 28, 2025. “I am beyond excited to partner with Sephora to make Sofie Pavitt Face accessible to a wider audience,” Pavitt said in a statement. “My mission has always been to empower individuals with simple yet effective skin-care solutions that elevate their routines without overwhelming them. With our products, everyone can achieve their best skin yet — no studio appointment required.” {Fashionista inbox}
Sarah Staudinger bought the Carolyn Bessette-Kennedy Sotheby’s collection
Staud‘s Sarah Staudinger bought Carolyn Bessette-Kennedy‘s personal collection from Sotheby’s second annual Fashion Icons sale for a total of $177,600. The collection included a vintage double-breasted faux-leopard fur coat, a Prada single-breasted black double-faced wool coat and a Yohji Yamamoto black wool double-breasted jacket worn by Bessette-Kennedy. According to Sotheby’s, the Prada coat soared to $78,000 with 17 bids, the Yohji Yamamoto jacket went for more than three times its estimate of $15,000 to $20,000 for $66,000 and the vintage faux-leopard fur coat sold for $33,600. “Bessette-Kennedy is one of Sarah’s longstanding style icons, and this purchase serves as an homage to her timeless style and enduring influence on the fashion industry,” Staud said in a statement. {Fashionista inbox}
The Nordstrom family and El Puerto de Liverpool near a deal to buy Nordstrom Inc.
The Nordstrom family and El Puerto de Liverpool are reportedly close to signing a deal to buy Nordstrom Inc., and the agreement could be reached as early as this week. If the agreement is not announced this week, WWD reported that “the process is being nudged toward a conclusion this year.” In September, the family and the Mexican retailer offered to buy Nordstrom for $23 a share, or $3.8 billion. The Nordstrom family owns about a third of the company’s stock and Liverpool holds a nearly 10% stake. {WWD/paywalled}
Inside Goop’s turnaround
It’s been 16 years since Gwyneth Paltrow launched her lifestyle brand Goop, but Puck‘s Rachel Strugatz writes that the business has since become a bit lost, lacking “focus and the strong executive leadership required to become an attractive acquisition target.” Paltrow tapped Julia Hunter, who took Jenni Kayne from $3 million to more than $100 million in revenue as CEO a few years ago, to help Goop through its awkward phase. In conversation with Strugatz, Hunter spoke about some of the company’s challenges and opportunities, including reducing the team’s size, shifting its editorial structure, focusing on G. Label and potentially participating in fashion week next year. {Puck/paywalled}
LVMH bought a €50 million villa in Cannes for brand events
LVMH has bought Villa Bagatelle in Cannes, France, for approximately €50 million ($52.7 million). LVMH will use the 12-bedroom villa to host exclusive shows and events for its brands, which include Louis Vuitton and Christian Dior. As one of the largest real estate deals ever in Cannes, the transaction closed for €46.5 million in April, excluding furniture and fees. {Bloomberg/paywalled}
The U.S. finally acknowledges textile waste in new report
The U.S. published its first federal report on textile waste earlier this week, which marks the first time the government has acknowledged the issue. The Government Accountability Office found that textile waste volume in the U.S. increased by more than 50% between 2000 and 2018, largely due to the rise of fast fashion and the lack of coordinated efforts to collect and sort used textiles. The report also found that waste is leaching contaminants and microplastics into soil and water as it decomposes in landfills. In an effort to address curbing textile waste, the report recommended advancing textile recycling, identifying funding opportunities at the state, local government and federal level as well as having six government agencies form an interagency mechanism to help achieve these goals faster. {Vogue Business/paywalled}
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Source: Fashionista.com
