Stories on fashion and luxury you won't read elsewhere

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Miss Tweed:
Stories on fashion and luxury you won't read elsewhere
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Astrid Wendlandt
13 October 2024
German online fashion retailer Mytheresa announced this week it was acquiring Yoox-Net-A-Porter (YNAP) from Cartier owner Richemont. The long-awaited deal removes a major thorn in the side of Richemont and puts an end to more than 14 years of having to disburse hundreds of millions of euros on botched IT projects and on covering YNAP’s losses every year.
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Stefano Cantino was named CEO of Gucci this week. The 57-year-old Italian has the toughest job in the industry. Turning around Gucci with sales collapsing in China and a designer who does not appear fit for this position. It’s not going to be an easy ride.  
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Fendi is parting ways with Kim Jones, artistic director of womenswear and couture, LVMH announced on Friday. LVMH said the British designer, who had taken over from Karl Lagerfeld in 2020, would “concentrate on his role of Artistic Director at Dior Men's” from now on.
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