Must Read: Forma Brands Lays Off 23 Employees, BFC Announces Designer of the Year Award Nominees

These are the stories making headlines in fashion on Thursday.

Forma Brands lays off 23 employees
Forma Brands, the company that owns Morphe, has reportedly laid off 23 employees spanning multiple departments such as social media, creative, marketing, influencer relations and communications. Layoffs were effective immediately after employees were informed on Oct. 16, and the company is now outsourcing some work to agencies, according to Glossy. In the past four to five months, the company has hired 21 positions, but the decision to eliminate some roles was made to "make the business more agile and responsive to changes in influencer marketing, social media platforms and consumer trends," Glossy reported. "We remain focused on executing our growth strategy, which includes diversifying our product mix into adjacent categories with a pipeline of innovative and relevant products supported by a full 360-degree marketing investment," Simon Cowell, president of Forma Brands, told Glossy. {Glossy}

BFC announces Designer of the Year Award nominees
The British Fashion Council announced on Thursday that Daniel Lee, Jonathan Anderson, Matthieu Blazy, Sarah Burton and Miuccia Prada and Raf Simons are nominees for the Designer of the Year award at The Fashion Awards. The award ceremony will be held at the Royal Albert Hall in London on Dec. 4. The ceremony will also honor Valentino Garavani with the Outstanding Achievement Award and Charlotte Tilbury with the Special Recognition Award. {Fashion United}

Vacation and Arizona release iced tea lip balms
Sunscreen brand Vacation and iced-tea purveyor Arizona have teamed up to create iced-tea lip balms inspired by Arizona's three most popular flavors: Green Tea with Ginseng and Honey, Iced Tea with Lemon and Mucho Mango. The lip balms, which have SPF 30, are 100% vegan made from Candelilla wax and Sunflower seed wax and infused with coconut oil, jojoba oil, cocoa butter and aloe vera. Vacation and Arizona are also releasing co-branded, limited-edition merchandise such as hats and T-shirts. The full collaboration will be available to shop on vacation.inc and drinkarizona.com, while the lip balms will be available on amazon.com, ulta.com and urbanoutfitters.com. Check out the '90s-inspired commercial featuring Arizona's founder here. {Fashionista inbox}

Stacey Bendet launches sleepwear brand Big Feelings
Alice + Olivia's CEO and Creative Director Stacey Bendet and veteran retail executive Andrew Rosen have teamed up on Big Feelings, a sleepwear and loungewear brand centered around expressing yourself through cute clothes and championing mental health. The first collection features nostalgic and brightly-colored branding on crewnecks, hoodies, gym shorts, boxer brief pajamas and tank tops ranging in price from $65 to $200. Big Feelings partnered with nonprofit Project Healthy Minds to donate a portion of the brand's sales and to spotlight efforts to reduce stigma around mental health. Big Feelings launches Thursday at bigfeelings.com, saksfifthavenue.com and at its NYC pop-up store at 1113 Madison Ave., which will include bracelet making, manicures, yoga and photo rooms. {Fashionista inbox}

Larroudé x Altuzarra collaboration features new silhouette
The Larroudé and Altuzarra collaboration is finally here, and it features a new silhouette: a slingback pump available in black leather, black patent leather and silver specchio leather. Marina Larroudé and Joseph Altuzarra set out to design the "sexiest pump ever" with this collaboration, and they landed on the slingback silhouette with a four-inch heel. Join Fashionista on Wednesday, Nov. 8 at 1 p.m. ET on "The Fashionista Network" where we'll be chatting with Larroudé herself, live. See the pump below, which retails for $490 and is available now on larroude.com, altuzarra.com and modaoperandi.com. {Fashionista inbox}

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Jimin stars in Dior Spring 2024 campaign
South Korean singer and Dior ambassador Jimin stars in the brand's Spring 2024 advertising campaign. Dior's Spring 2024 collection features knitwear in the form of twisted turtleneck sweaters and cashmere knits with removable bandanas. Photographed by Alasdair McLellan, Jimin wears a sleeveless pullover with Dior's signature as well as timeless silhouettes that echo the brand's identity. {Fashionista inbox}

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