Must Read: 'Vogue' World Is Heading to Hollywood, Francesca Amfitheatrof Leaves Louis Vuitton

These are the stories making headlines in fashion on Thursday.

Vogue World is heading to Hollywood

In Los Angeles on Wednesday night, Anna Wintour announced that the fourth annual Vogue World event will be held in Hollywood at the Paramount Pictures Studio Lot on Oct. 26. All proceeds from ticket sales will directly benefit members of the costume community impacted by the California wildfires. In a statement, Wintour said, “By mixing fashion with the arts and culture in the center of a city, and by raising funds for a cause, Vogue World has become a runway show-as-rallying cry, a way to fix the attention of a huge global audience, to bring awareness, and sound an unmistakable note of positivity, creativity and hope.” {Fashionista inbox}

Francesca Amfitheatrof leaves Louis Vuitton

Francesca Amfitheatrof has stepped down from her role as the artistic director for watches and jewelry at Louis Vuitton. “I am incredibly grateful to have been given the opportunity to create the jewelry and high jewelry collections for Louis Vuitton,” the designer said in a statement shared with WWD. “After seven wonderful and intense years I am so proud of these collections and the legacy I leave behind as I embark on exciting new endeavors, which I will be announcing soon.” {WWD}

Hourglass Cosmetics announces Gracie Abrams as its new global brand partner

Singer-songwriter Gracie Abrams has been named a global brand partner of Hourglass Cosmetics. Explaining her decision to work with the brand in a press release, Abrams said, “When I’m writing a song, I don’t think about performing it. I try to shut out the noise and focus on being truthful. When I’m wearing makeup, it’s the same — I don’t want products that cover up who I am. Hourglass products let me stay true to myself no matter the time or place.” In tandem with the announcement, the musician stars in a new campaign highlighting the brand’s radiant complexion products, above. {Fashionista inbox}

The Sarabande Foundation to host second in-person career forum in New York City

The Sarabande Foundation, founded by the late designer Lee Alexander McQueen, is bringing its “What Now?” in-person career forum back for a second year. The free event, which gives students, recent graduates and those who did not attend college the opportunity to connect with creatives and receive one-on-one career support, will be hosted at The Standard in the East Village on May 6. Anyone interested in attending can register on Eventbrite. {Fashionista inbox}

H&M reports a 53% decline in net profits in fiscal Q1

H&M revealed in a press release on Thursday that its net profits were cut in half during Q1 of 2025. The company’s reported net income for the period totaled $57.7 million, down 53% from Q1 of 2024. The brand’s gross margin also declined, from 51.5% to 49.1%. CEO Daniel Ervér said in a statement, “Although we have made important progress in our plan and have good cost control, our sales and earnings in the quarter were somewhat weaker than planned — but the first quarter is the smallest quarter of the year for us in terms of sales and margin, and we are confident going forward.” {H&M}

Zegna Group expects to reach €2.4 billion in annual revenue by 2027

Zegna Group released its full-year 2024 results on Thurdsay, reporting that revenue reached €1,946.6 million (up 2.2% from 2023). Ermenegildo “Gildo” Zegna, Group Chairman and CEO, said in a statement, “Despite a challenging environment in 2024, the Group achieved Adjusted EBIT of €184 million.” The company said that the Zegna brand led these results, with Thom Browne and Tom Ford following behind. Based on these numbers, the group expects to reach €2.4 billion in revenue by 2027. {Zegna Group}

How female founders are courting investors in a tough climate

For Business of Fashion, Sheena Butler-Young spoke to several women founders in the fashion and beauty industries about how they’re navigating the current investor landscape — particularly in the face of DEI rollbacks and a struggling economy. “It’s much harder…to get funding than it was five years ago — if you already were marginalized, you’re going to feel that impact even more,” says Alisa Carmichael, a partner at investment firm VMG Partners. Shai Eisenman, founder of skin-care brand Bubble, emphasizes the importance of resilience in the face of rejection, saying “nos” don’t define a founder. “A ‘no’ doesn’t mean anything for your journey — it just means that person said ‘no.'” {Business of Fashion/paywalled}

SCADstyle 2025 announces lineup

Savannah College of Art and Design (SCAD) has announced the lineup of guests for its annual showcase, SCADstyle. The free event will take place March 31 through April 3 and feature panelists like Peter Copping, Tory Burch, Willy Chavarria, Eileen Fisher, Cathy Horyn, Campbell Addy, Stefano Tonchi and Violette Serrat. SCAD President and Founder Paula Wallace said in a press release, “Master classes and panels touch on every métier of SCAD, from fashion and beauty to architecture, game design and beyond, because we teach our Bees to cross-pollinate their talents across every creative industry.” To learn more about SCADstyle 2025, visit scad.edu/scadstyle2025. {Fashionista inbox}

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Source: Fashionista.com