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A drastic change has shaken up the world that is W Magazine and Condé Nast. Patrick McCarthy, the man who worked his way up from reporter to one of the most established editors of our time, has recently announced his resignation. McCarthy was the chairman of Condé Nast’s Fairchild Fashion Group and the editor of W magazine. His departure come as a huge shock, as McCarthy spent 30 years at Fairchild.
The reasons behind this news are unknown as of yet, McCarthy has refused to comment to the media and Condé Nast has not yet released a statement. It’s all still a big mystery!
Perhaps W Magazine will start going in a new direction, or maybe they will attempt to find a McCarthy replica? Doubtful. W magazine has only been with Fairchild for a few short months and the sudden change will now bring them back to the offices of Condé Nast, the first change of potentially many with the resignation of McCarthy.
The magazine remains without editor-in-chief until Thomas J. Wallace, editorial director names a new one. Until then we are left wondering what sparked this unexpected change and what lies in the future of this established editor.
– Talia Ricci
MySpace hasn’t been doing too well lately, which might be why News Corp chairman Ruper Murdoch has reportedly put it up for sale for $700 million, but it can still claim itself to be the leading social networking site for music. We’ll see how long that lasts.
YouTube is expected to announce on Wednesday March 17, 2010 that it will be diving head first into the music game with a new program dubbed Musicians Wanted.
The Google-owned video site currently has an ad revenue-sharing program, but up until now it has only been with artists who are already signed to a major label. With the introduction of this new program, Youtube will offer revenue-sharing to any and all independent artists.
For an already struggling Myspace, this is not good news.
For any of the many struggling musicians, this is great.
Hasn’t Madonna always been hailed as a ground breaker, as a trend setter, as someone who pushes the boundaries?
So why is she just now getting into the whole celebrity-fashion collaboration game?
And seeing as Madonna and sex appeal go hand and hand, why is she designing a juniors line?
And why is it with MACYS?!
You’d think the material girl, who just so happens to be the face of Dolce and Gabbana, would want her own clothing line to emulate her most famous nickname and, not surprising, name of the line.
Nevertheless, we are a little curious.
Since the line drops this fall, we won’t have long to wait.
– Alexa P Gray
In more label trading news, Phillips-Van Heusen (PVH), owner of the Calvin Klein label, has announced its plan to purchase the Tommy Hilfiger brand. Although the owners are changing, Hilfiger will still maintain his role as principal designer for his namesake clothing brand.
The proposed acquisition is the biggest announced by a U.S. clothing retailer or manufacturer in the past 10 years. The deal will only cost a measly $2.6 billion in cash, and $380 million in common stock. Wow.
With admired lines like Christian Lacroix going under and Bulgari and Prada reporting staggering debts, who could have thought Hilfiger was worth that much?
– Alexa P Gray
Companies residing in the world of fashion have been taking quite the financial hit lately. So what seems to be the favoured problem solver? Consolidation.
As reported yesterday, Massenet will be selling her 18% share of the online luxury boutique to Richemont, who previously held a 30% stake in the company. Other investors are following suit, and Richemont will reportedly own 70% of the company after the deal is done.
With Massenet reported to receive approximately £50 million ($75 million USD) in the deal and Richemont given the chance to one up LVMH with its acquisition of the market leader in online luxury and high-fashion sales, both parties are quite happy.
We can understand why!
– Alexa P Gray
The wording may confuse you and perhaps even force you to picture extreme architecture in the same way you would imagine an extreme sport. Well, it’s not too far from it. You’ll have to take a flip through the pages of this genius book to truly understand what the hype is about. Structures such as a giant cylinder-shaped workstation sitting on steel legs in Antarctica and a hotel in Patagonia finished in wood and sunk into the earth are just two crazy examples.
The images and concepts in this book will leave you in awe. Extreme Architecture: Building for Challenging Environments, by Ruth Slavid is a compilation of architectural designs from around the world. Picture extreme weather conditions, followed by an extremely unique idea. Both utilitarian and avant-garde.
If you’re feeling like a trip around the world’s unconventional architectural designs you can officially do it in the comfort of your own home.
– Talia Ricci