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Must Read: The Apple Watch 2 Rumors Have Begun, Nike Is the Fastest-Growing Fashion Brand on Instagram

And Christy Turlington reveals why she quit modeling.

Let the Apple Watch 2 rumors begin...
Two months after the initial launch of the Apple Watch, sources have revealed plans to release an Apple Watch 2. According to 9to5Mac, the new Apple Watch 2 will have a FaceTime camera, iPhone-free wi-fi and new premium-priced models that will cost more than $1,000. {9to5Mac}

Nike is winning the Instagram game
Nike gained 1.4 million new followers last month, making it the fastest-growing fashion brand on Instagram. Who came in second place? None other than Posh Spice herself, Victoria Beckham, with her eponymous label's Instagram gaining 1.2 million new followers. To round out the top five, Dior came in with 510,176 new followers, Louis Vuitton with 487,382 and Adidas with 431,012. {WWD}

An original supermodel reveals why she quit
Christy Turlington Burns — who along with Naomi Campbell and Linda Evangelista ruled the catwalk in the '90s — recently stepped away from her modeling career, and in an interview with fellow supermodel Iman, she shares why. The 46-year-old model quit to pursue a degree in Comparative Religion and Eastern Philosophy from New York University. {Vogue UK}

Franc appreciation thwarts Bally's turnaround
Bally is suffering from the appreciation of the Swiss franc, which has resulted in increased manufacturing costs for the luxury shoe line. Moreover, to deter Chinese customers from taking advantage of the weak euro and shopping in Europe, Bally has had to lower its prices in China. While the euro’s 7 percent drop against the dollar has boosted profitability of many American, French and Italian luxury houses, Bally is hemmed in on both sides. {Bloomberg}

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US Weekly lays off fashion director
Fashion director of US Weekly, Sasha Morrison, was laid off of in a round of cuts by Wenner Media. The parent company of US Weekly let go at least a dozen employees as the result of a restructuring effort. {Newsweek}

Homepage photo: Chris McGrath/Getty Images