Today’s Fashion Headlines: Monday, October 28, 2013

October 28, 2013 • Fashion Blog, Fashion News

Leandra Medine wearing a mask by Warby Parker

Leandra Medine wearing a mask by Warby Parker.

Vogue Celebrates Halloween

Vogue is commemorating Halloween with an adorable photo shoot. Masks were created by designers and brands just for the holiday and were photographed on models, editors, and celebrities. The images, shot by photographer Olivia Bee, are posted on Vogue.com and on the magazine’s Instagram account today. The brands and designers who participated include Stephen Jones, Sarah Burton for Alexander McQueen, Olivier Theyskens, Opening Ceremony, Philip Treacy, Warby Parker, Lanvin, Manolo Blahnik, Thakoon, and Erdem. Vogue will auction the masks off for charity in the near future.

Neiman Marcus Buyout Finalized

Ares Management LLC and Canada Pension Plan Investment Board have completed the acquisition of Neiman Marcus Group Ltd. Inc. for $6 billion from TPG and Warburg Pincus. Now the fashion industry waits for the closing of Hudson’s Bay Co.’s $2.9 billion deal to buy Saks Fifth Avenue from the shareholders. The deal will happen in a few days or a few weeks, depending on how the negotiation meetings run. “We are very pleased with the successful outcome of this transaction and look forward to partnering with Ares Management and CPPIB. We believe the future for Neiman Marcus Group is bright,” said Karen Katz, the president and chief executive officer of Neiman Marcus Group.

Barneys Allegations Cause More Controversy

The Barneys New York racial profiling controversy continues to receive attention. Amid reports the upscale retailer racially profiled two black customers, Jay-Z released a statement on his website on Saturday. The rap mogul is under pressure to cancel his holiday collaboration with the store. He stated that the collaboration was designed to raise funds for his Shawn Carter Foundation, which helps individuals facing hardships to help further their education. Jay-Z said he is waiting on the facts and the outcome of a meeting between community leaders and Barneys. “Making a decision prematurely to pull out of this project wouldn’t hurt Barneys or Shawn Carter, but all the people that stand a chance at higher education,” he said. Online petitions pressuring Jay Z to cancel his collaboration with Barneys and have been circulating in the past week.

– Claire Mykrantz

Source: WWD & WSJ

Image: WWD

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