Must Read: Luar's Spring Flash Sale, Hermès Surpasses €200 Billion In Market Value

Plus, Rachel Tashjian is going to "The Washington Post."

These are the stories making headlines in fashion on Friday.

Luar is having a spring flash sale with 50% off everything
Friday only, Luar is having a flash sale with 50% off everything from Ana bags to Mejuri x Luar and more. The sale will last until Saturday at 9:00 a.m. EST. Enter the code SPRING23 at checkout at Luar.World to apply the discount. {@luar/Instagram}

Hermès surpasses €200 billion in market value
Hermès International has now surpassed €200 billion ($218 billion) in market value for the first time. It is now the eigth-most valuable name within the pan-European Stoxx 600 index and is the second-ranking luxury company in the space behind conglomerate LVMH, which holds a €420 billion valuation. Hermès is now one of several French companies that have contributed to making Paris Europe's top stock market. {Business of Fashion}

Rachel Tashjian is going to The Washington Post
Formerly fashion news director at Harper's Bazaar, Rachel Tashian is now a fashion writer for the Style section at The Washington Post. Tashjian has bylines in GQ, New York Magazine and more. The announcement released by the publication says Tashjian "is excited to join The Post to build on its legacy of fashion writing and to explore the meaning of clothes through the lenses of politics, social media and pop culture." {The Washington Post}

The Depop discourse: Who deserves to save old clothes?
For Rolling Stone, CT Jones explains how online controversy over reselling and upcycling clothing (specifically on the resell app Depop) is distracting from the fashion industry's actual problems. Many argue that these resellers are "stealing clothes off the backs of poorer communities," according to Jones. "One myth is that thrift stores are going to somehow run out of clothes if there are resellers buying too much, which doesn't align at all with how much fashion is floating around out there," says fashion historian Cora Harrington. "There's a lot less friction in real life around these topics." {Rolling Stone/paywalled}

Why does fast fashion fall apart so quickly?
With the continued rise of fast fashion and the obsession with buying new clothes frequently for extremely discounted prices, some brands are assuming that clothing quality has become inconsequential to many consumers — so long as they can buy a new piece to replace the one that fell apart. Andrea Cheong, a TikToker who aims to educate clothing consumers, told Isabel Slone of Harper's Bazaar, "I always tell people you should choose your clothes like you choose your friends. If they're not as beautiful on the inside as they are on the outside, why are you wasting your time?" {Harper's Bazaar}

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