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PREVIEW VERSION
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Hi, and welcome back to Line Sheet, where we’re big fans of fashion
and fluoride. (We’re living in weird times, be good to yourself. R.I.P. Marianne Faithfull.) Today’s email, exclusive to Inner Circle members, is super, super fun. If you haven’t signed up yet, now is the time. You know I’m worth it!
Up front, I’ve got news on changes in the design
ranks at Celine (no surprise, given Michael Rider is in that seat now), and the union walkout threat at New York magazine (no, ChatGPT didn’t write Cathy Horyn’s last review on The Cut). Plus, Matchesfashion is back… but don’t get too excited. I have details. Finally, I’m getting into all the changes at LVMH and what they portend for its future.
🚨🚨Programming
note: Tomorrow on Fashion People, my guest is Morgan Stewart McGraw—television personality, Instagram star, serial entrepreneur, and founder of Renggli, home of judiciously priced silk cashmere cardigans, adorable denim minis, and not-too-skinny jeans. We discuss her Beverly Hills youth, the troubled state of luxury retail, and why Angeleno fashion is so confusing these days. Enjoy our conversation on Spotify,
Apple Podcasts, or whatever niche platform you use.
Mentioned in this issue: LVMH, Tiffany, Anthony Ledru, Louis Vuitton, Pharrell Williams, Stella McCartney, Maria Grazia Chiuri, Dior, Chanel, Schiaparelli, Lanvin, Jonathan
Anderson, Fendi, Kim Jones, Phoebe Philo, Kering, Jack McCollough, Lazaro Hernandez, Loewe, Michael Burke, Sidney Toledano, Celine, Guillaume Henry, Alexandre Arnault, Christopher Kilaniotis, Cartier, and much, much more…
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Three Things You Should Know…
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- Hedi’s people continue to go with God: Michael Rider is settling in at Celine, where I hear he’s slated to show his first collection in June. Unsurprisingly, his arrival at the studio has come with some anticipated exits. This past Tuesday, men’s design director...
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Despite being the largest company in Europe (depending on the oscillations of Ozempic),
the chatter this week around LVMH, from the okay earnings to the Tiffany triumph, has been muted of late. It’s going to take a new creative direction—and return to an entrepreneurial attitude—for industry insiders (and investors) to get pumped once again.
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This past week was all about LVMH, and yet not at all about LVMH. Yes, there
were earnings—better than expected, but far from spectacular, which signaled to the market that luxury’s road to recovery may be longer than expected. (Shares were down 5 percent the day after the report was released.) Then there was the Bloomberg story about the new-guard-old-guard culture clash at Tiffany’s U.S. headquarters, and the brand’s star-studded dinner in Paris celebrating Pharrell Williams’s capsule collection. (I seemed to care more about these two events than
anyone else.) And then, of course, came the announcement that the group was selling its stake in Stella McCartney back to the founder, who will exit her agreement from LVMH to run the business, which caused...
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Puck’s daily art market email, anchored by industry expert Marion Maneker, offers unparalleled access to the mega-auctions
and galleries, elite buyers and sellers, and the power players who run this opaque world. Wall Power also features Julie Brener Davich, a veteran of Christie’s and Sotheby’s, who provides unique insights into how the business really works.
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Puck founding partner Matt Belloni takes you inside the business of Hollywood, using exclusive reporting and insight to
explain the backstories on everything from Marvel movies to the streaming wars.
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