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Must Read: Burberry and Coach Rumored to Merge, Raf Simons to Show During NYFW: Men's

Plus, Gigi Hadid gets another international "Vogue" cover.
A Burberry window display in London. Photo: Ben A. Pruchnie/Getty Images

A Burberry window display in London. Photo: Ben A. Pruchnie/Getty Images

These are the stories making headlines on Friday.

Burberry and Coach reportedly discussing merge
According to the fashion rumor mill, the two heritage brands are reportedly in talks to merge after a report on financial blog Betaville was released. Immediately following the news, shares of Burberry Group PLC increased as much as 4.8 percent as a result. While both brands declined to comment on the rumor, confirmation of the merge would certainly send shock waves through the industry. {Business of Fashion}

Raf Simons to show upcoming menswear collection during New York Fashion Week
New York Fashion Week: Men's just got a major addition to its fall 2017 calendar: Calvin Klein Creative Director Raf Simons will be presenting his eponymous menswear label in New York City on February 1, 2017 as part of the CFDA's menswear-focused fashion week. His forthcoming show will also chart new territory for the designer, marking his inaugural show (under his own label) in New York City. {Fashionista inbox}

Gigi Hadid covers Vogue Japan's December issue
On the heels of landing the November cover of Vogue Paris, the model took to Instagram to share the December cover of Vogue Japan, her latest international cover. Decked out in Chanel and '60s-inspired makeup (and we spy a choker, too, because #trends), the cover marks her 16th (!!) Vogue cover from 2016 alone. {Instagram/@gigihadid}

Estée Lauder buys Becca Cosmetics for $200 million
The beauty giant racked up several niche brands this year (By Kilian, Glamglow, Frédéric Malle and Le Labo to name a few), and it has another new acquisition: Becca Cosmetics. The brand, famous for its range of highlighting products, is the first color cosmetics company to be bought by Lauder since Smashbox in 2010. "The biggest fear for a brand like ours is that you're going to be swallowed up... as opposed to doing your own thing," said Becca president and CEO Robert DeBaker to BoF. "[Estée Lauder] have been so eager to share with us how they don't want to corporatize us. They actually want to learn from us what has made us special, and how they can help to protect that." {Business of Fashion}

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Frame is designing a capsule collection for Net-a-Porter
The denim brand has created an exclusive capsule for Net-a-Porter inspired by the current trend of patchwork denim. Frame is adding raw edges and patchwork details to three of its iconic styles, Le Original, Le High and Le Mini, priced at $450, $315 and $270, respectively. {Instagram/@netaporter}

Reebok has a new creative director
The activewear brand has tapped German-American designer Thomas Steinbrück as its new creative director. (The company hasn't had a creative director in years, according to the brand.) Previously, Steinbrück held senior creative posts at Porsche Design, Elie Saab and Kenneth Cole, and in his new role, he will be in charge of the creative direction for Reebok's footwear and apparel collections. The move — paired with naming Gigi Hadid as its current face — seems to suggest the brand's shift towards increasing its presence in the fashion industry. {WWD}

Richard Nicoll dies at 39
The Australian designer passed away unexpectedly from a heart attack in his Sydney apartment early this morning, according to his family. "Richard was one of the quiet stars of fashion. He was a true gentleman, a wonderful friend and a much loved son," said the family in a statement, adding that he had forthcoming projects with Adidas and Woolmark. "We will miss his handsome face, his sense of humor and his love." {Fashionista inbox}

Opening Ceremony to receive fashion design award
Designers Carol Lim and Humberto Leon have been awarded the Cooper Hewitt National Design Award for Fashion Design, and to celebrate, the pair is bringing back the first item that they ever designed for Opening Ceremony: a diamond-motif sweatshirt from 2002, which will be available in very limited quantities at the brand's New York and Los Angeles stores. Congrats to Carol and Humberto! {Fashionista inbox}

Humberto Leon and Carol Lim. Photo: Courtesy of Opening Ceremony

Humberto Leon and Carol Lim. Photo: Courtesy of Opening Ceremony

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