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Must Read: What Megxit Means For British Fashion Brands, Designers Are Celebrating the Year of the Rat With Merch

Plus, is this the decade when print media will end?

The Duke and Duchess of Sussex visit Canada House.

These are the stories making headlines in fashion on Friday.

What Megxit means for British fashion brands
Did you hear? Meghan Markle and Prince Harry announced that they were stepping down as “senior” royals and would be splitting their time between North America and Britain. The news caused a frenzy all over social media, with fans speculating as to the exact terms of Megxit and wondering whether they’d still be able to keep up with their favorite Duchess. It also raised questions about what this would mean for the British fashion brands that have benefited from the Meghan Markle effect. Markle’s arrival to the royal family has generated billions for the British economy, causing many people to wonder if their departure will stop the earnings and endorsements for Britain and its businesses. {The New York Times}

Designers are celebrating the Year of the Rat with merchandise
In honor of the Lunar New Year celebration and the Year of the Rat, fashion brands like Nike, Gucci, Etro and Rag & Bone are creating special rodent-themed merchandise. Gucci is paying homage to Mickey Mouse, while Rag & Bone has decided to revive the viral “Pizza Rat” who made its way across social media for carrying a slice of pizza throughout the New York City subway. {WWD}

Is this the decade when print media will end?
The days of your favorite glossy magazines may be coming to an end. Executives have begun a guessing game of when they believe print media will fade. Although newsstand sales arguably make more money for publishers than digital, they also cost way more to produce: “At least 10 years is what we can see in the U.S. for our print products,” Mark Thompson, the chief executive officer of the New York Times, told WWD. {WWD}

The fashion industry responds to the Australian fires
Kylie Jenner donated $1 million to Australian fire relief efforts after her followers scrutinized her and her famous sisters for their contribution to the crisis. But the Kardashian-Jenner clan aren’t the only ones feeling the pressure to publicly take action: Influencers, celebrities and brands have used social media to highlight the devastation the wildfires have wreaked and the billions of dollars of damage caused in the last few months. Gucci, Saint Laurent, Balenciaga, Tommy Hilfiger and Calvin Klein are just a few of the brands raising awareness and funds for the disaster. {Business of Fashion}

Tyler Mitchell announces first U.S. solo museum exhibition
The photographer and filmmaker took to Twitter to announce his first solo museum exhibition in the U.S., “I Can Make You Feel Good.” It will be showcased at The International Center of Photography this year, at its new building on New York’s Lower East Side. The opening reception will be on Jan. 23. {Twitter}

KCD Co-Chairman and Chief Strategist Ed Filipowski has died
Ed Filipowski, KCD’s co-chairman and chief strategist, died at age 58 Friday morning, reportedly after complications from a recent surgery. Filipowski, who ran the global public relations firm for over 30 years, was known as one of the most influential executives in the fashion industry and leaves a legacy of optimism. {WWD}

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Source: Fashionista.com

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