Elsa Peretti Is Not Impressed With Her Tiffany Paycheck, Zara Is Getting Even Faster - Fashionista

Elsa Peretti Is Not Impressed With Her Tiffany Paycheck, Zara Is Getting Even Faster

And 'Marie Claire' has a new managing editor.
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Elsa Peretti has earned billions of dollars for the designs she's created for Tiffany, which accounted for around 10 percent of its $3.8 billion in sales in 2012. That same year, Tiffany renewed Peretti's contract for 20 years, increasing her royalty fees and giving her an instant check for $47.3 million. If those seem like impressive sums to you, they're not for Peretti. "It might look like a lot, but, after taxes, it’s not really, for the work I’ve done," she says. {Vanity Fair}

Fast fashion retailer Zara is about to get even faster. The company is implementing a microprocessor-based tagging system that will allow items to be tracked from its factories straight to the cash register. Cha-ching! {Reuters}

Marie Claire has a new managing editor. Nancy Gillen, who has served as Glamour's managing editor since late 2011, will start at the Hearst-owned glossy on Aug. 4. {Fashionista inbox}

Further Reading:

Stella McCartney is on a press tour in Asia this week ahead of several store openings in Bejing and Chengdu later this year. {WWD, subscription required}

The secret to Kelly Ripa's great skin? Botox. We appreciate the honesty, lady. {Daily Mail}

Other retailers may not like Amazon, but consumers do. According to research released by YouGov BrandIndex, Amazon is the best-perceived brand in the U.S., beating out Subway (#2) and YouTube (#4). {Adweek}

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