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PREVIEW VERSION
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Hi, and welcome back to Line Sheet. So glad we don’t have to talk tariffs. I’m home in Los Angeles
after a fast and (hardly) furious trip to New York.
Today’s email is accessible only to members of Puck’s Inner Circle. Upgrade here to read my Thursday issues in addition to exclusive dispatches from our inarguably elite crew of journalists covering entertainment, art, politics, media, sports, and
finance.
To make advancing to the Inner Circle worth your while, I’m catching you up on various popular storylines—from the Prada-Versace deal that finally materialized and Maria Grazia Chiuri’s future at LVMH to the latest at Vanity Fair (the job posting has posted) and a change at Chrome Hearts. A friendly reminder: I am prepping a spring mailbag issue and would love to answer any and all of your questions. Just hit reply to this email, or DM
me on social media, or whatever. Or text! You have my number.
Programming note: Tomorrow on Fashion People, my guest is Marc Metrick, C.E.O. of Saks Global. During our conversation, Marc addressed pretty much
everything that’s going on there, from the payment issues to what’s happening with the downtown Dallas store. This is a must-listen. Do so here or here.
Mentioned in this issue: The Prada family, Versace, Lorenzo Bertelli, Vanity Fair, Maria Grazia Chiuri, Dior, LVMH, Silvia Venturini Fendi, Matt DiGiacomo, Chrome Hearts, elastic-waist pants, Davide De Giglio, HommeGirls, John
Elliott, Salone del Mobile, and many more…
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Three Things You
Should Know...
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The Vanity Fair E.I.C. search diaries: The job listing was posted yesterday. No surprise that the title is global editorial director, which is sort of like the sad desk salad of LinkedIn. The job description sounds like it was...
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A MESSAGE FROM OUR SPONSOR
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Prada’s $1.4 billion acquisition of Versace provides a mini-bailout for Capri and a soft
landing for Donatella. But the stakes are much higher for the Prada family: This deal represents an expensive opportunity to transform a beloved brand, further elevate Miu Miu, and allow an heir to create the empire that foiled his parents.
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As recently as yesterday, it wasn’t clear whether the Prada Group’s acquisition of Versace would
actually happen. Trump’s tariffs and the bond market were screwing everything up, obviously, but the Prada family also appeared to be stalling. According to The Wall Street Journal, they hadn’t yet signed the paperwork. I wondered whether the family, which owns an 80 percent controlling stake in the business, had gotten cold feet. After all, they’re purchasing a deeply troubled company that will need a near-complete overhaul—all in the midst of
a trade war, a likely global recession, and a faltering Chinese economy. Few would have criticized them for...
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A MESSAGE FROM OUR SPONSOR
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Did you know that your consignment has at least a 33% chance of preventing
a shopper from buying something new? That means you’re helping to curb demand for items that create waste and contribute to emissions just by selling what you’re no longer using.
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An essential, insider-friendly Hollywood tip sheet from Matthew Belloni, who spent 14 years in the trenches at The
Hollywood Reporter and five before that practicing entertainment law. What I’m Hearing also features veteran Hollywood journalist Kim Masters, as well as a special companion email from Eriq Gardner, focused on entertainment law, and weekly box office analysis from Scott Mendelson.
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Finally, a media podcast about what’s actually happening in the media—not the oversanitized,
legal-and-standards-approved version you read online. Join Dylan Byers, Puck’s veteran media reporter, as he sits down with TV personalities, moguls, pundits, and industry executives for raw, honest, sometimes salacious conversations about the business of media and its biggest egos. New episodes publish every Tuesday and Friday.
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