Must Read: Ganni Names New CEO, Cécred x BeyGood Fund Announces First Grant Winners

These are the stories making headlines in fashion on Tuesday.

Ganni names new CEO
Ganni announced on Tuesday that Laura du Rusquec will becomes its new CEO. Du Rusquec previously held the position of deputy CEO at Balenciaga, and she is replacing Andrea Baldo, who was Ganni's CEO for the last five years. "I am thrilled to join Ganni at such a pivotal time and to continue building on the brand's strong foundation," du Rusquec said in a statement. "Ganni's commitment to innovation, sustainability and their progressive approach to luxury is exactly what the future of fashion needs. I look forward to leading the talented team toward new heights and further global expansion." {Fashionista inbox}

Cécred x BeyGood Fund announces first winners
Through her hair-care brand Cécred, Beyoncé committed to awarding $500,000 annually to support cosmetology school scholarships and salon business grants in five cities: Atlanta, Chicago, Houston, Los Angeles and New Jersey. The Cécred x BeyGood Fund awarded 25 $10,000 scholarships across five cosmetology schools and 25 $10,000 grants to salon business owners. See all of the 2024 winners here. Cécred x BeyGood Fund will reopen its applications for 2025 scholarships and business grants from May 1-May 20. {Fashionista inbox}

Handbag designer Nancy Gonzalez sentenced to 18 months in prison
Nancy Gonzalez was sentenced to 18 months in prison on Monday for illegally importing merchandise made with skins from protected wildlife like pythons and caimans from Colombia to the U.S. Gonzalez, her handbag company Gzuniga and associate Mauricio Giraldo pled guilty in November, and now Gzuniga has been ordered to forfeit all handbags and other seized products. Gzuniga has also been banned from any commercial trade activities in wildlife for three years and has been placed on probation. {WWD/paywalled}

TikTok to crack down on Ozempic and restrict weight-loss content 
Under its new community guidelines, TikTok will ban most weight loss-related content starting next month. TikTok won't allow marketing of weight-loss products and will restrict minors from viewing and interacting with content that displays "potentially harmful" weight-management actions, including weight-loss drugs like Ozempic. Some creators who have curated their platforms around drugs used to treat diabetes and obesity are saying these new guidelines penalize their community. {Bloomberg/paywalled}

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