Skip to main content

Must Read: Goop Raises $10 Million Dollars, Alexander Fury Joins T Magazine

Plus, Donald Trump pledges to end the visa program that fueled his own modeling agency.
Gwyneth Paltrow at a recent Juice Beauty event in Toronto, Canada. Photo: George Pimentel/Getty Images

Gwyneth Paltrow at a recent Juice Beauty event in Toronto, Canada. Photo: George Pimentel/Getty Images

These are the stories making headlines on Wednesday.

Goop raises $10 million dollars in Series B funding
Lifestyle brand/perennial subject of Internet jokes Goop is also set to launch apparel in the fall, fueled in part by a recent round of fundraising that brought in $10 million dollars. "We're going to invest in our own product and head count and make some tech investments that we think are important," said Paltrow, adding that they will also be attempting to grow the Los Angeles-based team. {New York Post}

Alexander Fury is T Magazine's new Chief Fashion Correspondent
The journalist is joining the Times' fashion magazine in a new role as Chief Fashion Correspondent, effective immediately. Previously, Fury served as an editor of Love magazine, menswear critic for Vogue Runway and as fashion editor of The Independent, in addition to working as a creative consultant for a selection of fashion brands. {Business of Fashion}

Donald Trump continues war against the H1-B visa program
The Trumps seem to have a small problem with practicing what they preach. Ivanka came under fire for championing women's rights while simultaneously refusing paid maternity leave, and similarly, her father is being scrutinized (and rightly so) for attacking the H1-B visa program, which allows immigrants to legally work in the U.S. by being sponsored — and employed — by a company. However, Trump took full advantage of the program to bring in young women from around the world under shady business practices for his modeling agency. {The New York Times}

Westfield World Trade Center is open for business
The financial district is poised to become a new shopping mecca thanks to the opening of Westfield World Trade Center, which upon completion, will include 365,000 square feet of retail space. Unlike its ritzy neighbor, Brookfield Place, Westfield will house a wide range of stores ranging from fast fashion to upscale boutiques and dining. {WWD}

Scroll to Continue

Recommended Articles

Andrew Bolton discusses manufacturing in the fashion industry
In a new interview, the Met Costume Institute curator-in-charge discusses the current state of fashion manufacturing, the loss of originality and the influence of Manus x Machina. "Traditionally, the hand has been something that is more about luxury, more about individualism, more about originality," said Bolton. "On the flip side, something machine-made is seen as something about homogeneity, mass-production, dehumanization, inferiority, and that simply isn't the case. I think that there's times when to achieve something by machine is more time-consuming and more expensive than the hand-made." {Redef}

Team USA store fails to gain traction in Rio
In an attempt to brand patriotic merchandise as a year-round thing, Team USA will be shuttering its short-lived Ipanema boutique, featuring apparel from Ralph Lauren and Nike, plus Alex and Ani jewelry. This was the first-ever retail venture from the United States Olympic Committee, which had optimistic hopes despite the many logistical difficulties of setting up shop in Brazil. {Bloomberg}

Note: A previous version of this article misstated that Juice Beauty founded Goop.

Never miss the latest fashion industry news. Sign up for the Fashionista daily newsletter.