Must Read: Pierre-Yves Roussel Joins Tory Burch as CEO, Jonah Hill's Next Project Is in Fashion
Plus, Glossier will surpass $100 million in revenue this year.
These are the stories making headlines in fashion on Tuesday.
Pierre-Yves Roussel joins Tory Burch as CEO
Pierre-Yves Roussel stepped down as chairman and CEO of LVMH Fashion Group earlier this year, and was said to remain with the group as a special adviser to Bernard Arnault, but there's been a change of plans. Instead, Roussel will join his new wife, Tory Burch, as the CEO of her eponymous business, starting in early 2019. "This was not something we took lightly," Burch said of the appointment to Business of Fashion. "Until I met Pierre-Yves, there isn't anyone I thought would be right for it." {Business of Fashion}
Jonah Hill's next project is in fashion
Jonah Hill's rise to streetwear stardom has been a joy to watch. And after making his directorial debut with "Mid90s" this year, the actor said his next project will have something to do with fashion. Hill was speaking at the GQ LIVE event in Los Angeles late last week alongside moderator Zach Baron and cast members from his new film, when he said, "All I will say is my next endeavor is in clothing." {Highsnobiety}
Glossier will surpass $100 million in revenue this year
Glossier is on track to paint the whole world millennial pink: According to Emily Weiss, the beauty brand will surpass $100 million in revenue this year and will enter "phase two" of its growth plan. In a Bloomberg TV interview on Monday, Weiss said the second part of the glossier takeover includes melding e-commerce with social networks, so that customers can build relationships with each other. {Business of Fashion}
Stitch Fix sales beat expectations
Stitch Fix is showing no signs of slowing down: The company, which went public last year, broke analysts' expectations for its fiscal first-quarter report. During the quarter, sales for the female-led personalized styling service increased by 24 percent to $366 million, beating expectations of $358 million. The company attributes the jump in sales to a number of savvy retail moves and partnerships, including an expansion of its plus-size offerings. {WWD}
Gosha Rubchinskiy's casting process sheds a light on the industry's messy morals
Over the weekend, Gosha Rubchinskiy came under fire for presumably asking a teen boy to send him nudes over social media. The designer later addressed the accusations, saying that this is simply how he casts models for lookbooks and shows. Sure, Rubchinskiy's business is built on youth and street culture, but this predator-like casting process brings up uncomfortable questions about how the fashion industry operates. "Where should the line be drawn: on how young is too young, on what's acceptable to ask, and on who contacts whom," writes Cam Wolf for GQ. "Even if Rubchinskiy is telling the truth, that he was merely asking for photos that would be used for a street casting, is it acceptable for designers — for anyone — to make these requests?" {GQ}
Nike, Alibaba and Walmart are creating the future of retail
The future of retail involves less lines and less human interaction, if major retailers like Nike, Alibaba and Walmart have anything to say about it — where do we sign up? These companies are investing in new technology, such as shelf-stacking robots and mobile checkout options, to keep up to speed with consumers who crave immediacy and convenience. {Wired U.K.}
H&M pledges to change working conditions and improve wages
H&M wants to set an example for the rest of the industry by improving wages for garment workers. "Every garment worker should earn a wage that is sufficient to live on," the company said in a statement, on the day it was hosting a fair living wage summit in Phnom Penh, Cambodia. "It is a fundamental human right." In addition to hosting the two-day event, the Swedish retailer commissioned a report by the Ethical Trading Initiative to evaluate its efforts to promote fair living wages over the past five years. The study flagged a need for improvement in the basic pay rate for all workers, especially for women. {WWD}
