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News Roundup: Karl Lagerfeld to Open NYC Flagship, Miley Cyrus Covers 'Paper'

And malls aren't going away any time soon.
Miley Cyrus for "Paper." Photo: Paper

Miley Cyrus for "Paper." Photo: Paper

Miley Cyrus covers Paper
Miley Cyrus is naked again, this time on the cover of Paper magazine, with a pig, spattered in mud. Perhaps what's most surprising is how non-shocking the cover is. (Thanks, Kim K?) You can pick up a copy on newsstands on June 22. {Fashionista inbox}

Apple announces new Apple Pay features
On Monday, Apple made a number of announcements onstage at its Worldwide Developers Conference, including the news that Apple Pay will now support retailers' rewards programs and store-issued credit cards. While this integration is far from widespread — JC Penney and Kohl's are the only named clothing retailers to support Apple Pay with their store-issued cards at this point — we'd keep an eye out for other chains getting on board in the near future. {Apple}

Marie Claire appoints Lea Goldman as executive editor
Marie Claire announced on Monday that Lea Goldman, former features and special events project director, will be the magazine’s second executive editor. She joins Riza Cruz, who has been an executive editor at the magazine since 2012. Goldman will continue to write and edit features, top-edit beauty and health coverage and manage contributing editors. {Fashionista inbox}

Rana Plaza Donors Trust Fund reaches $30 million dollar goal
On Monday, an anonymous donor helped fundraisers reach a $30 million dollar goal set by the Rana Plaza Donors Trust Fund. The fund was created to compensate around 5,000 survivors and families who had been victimized by the massive building collapse at the Rana Plaza factory in Bangladesh back in 2013. Though happy they completed the goal, organizers say it took far too long to raise the necessary funds from fashion brands and retailers. {Fashionista inbox}

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Karl Lagerfeld to open NYC flagship
Karl Lagerfeld is retargeting America thanks to a new partnership with G-III Apparel Group, through which the designer will debut a new Karl Lagerfeld Paris collection for spring 2016. The line focuses on women’s apparel and handbags, along with men's outerwear, all tailored to the North American market. Plans for a New York City flagship are in the works, as well as a projected 300 locations across the continent. The designer aims to open the first location as early as next year, and we’re hoping he and Choupette both make an appearance. {WWD}

The battle of the furs rages on
Fur has been a luxurious staple of the fashion industry for decades — and remains a billion dollar business — but is faux fur really en route to becoming the new norm? Industry opinion seems highly divided on this one. While brands like Calvin Klein and Stella McCartney have transitioned to using only imitation fur, 70 percent of shows at New York Fashion Week last year featured real fur. {Business of Fashion}

Richemont CEO invites LVMH and Kering to invest in Yoox/Net-a-Porter
At the Financial Times Business of Luxury Summit in Monaco on Monday, Richemont CEO Johann Rupert said that he has invited executives from competing luxury conglomerates — Bernard Arnault of LVMH Moet-Henessey and Kering's Francois-Henri Pinault — to invest in Yoox and Net-a-Porter's joint e-commerce site once that merger is complete. That is, provided that both companies get their brands on the platform. Richemont’s goal is to compete with Amazon, whose $89 billion annual revenue is “staggering,” in Rupert's words. {Bloomberg}

Central Saint Martins presents its senior collections
'Tis the season for runway shows at fashion schools. The graduating class of Central Saint Martins held its own on Wednesday, and it included an eclectic mix of everything from wide-hipped skirts and pinafore dresses to cable knit jumpers. {Dazed Digital}

Malls have made a recovery
Contrary to several headlines since the 2008 recession, the mall is not dead. According to The Daily Beast, 400 of the American malls that service affluent areas have made a recovery and are now on a steady growth trajectory. This seems to be a global trend: malls are becoming increasingly popular in bustling cities like Istanbul, Beijing and Dubai. And in up-and-coming developing countries, the complexes can also be a respite from hot, polluted city streets. {The Daily Beast}

Homepage photo: Patrick Aventurier/Getty Images

This story was updated to clarify Lea Goldman's new role at Marie Claire.