Must Read: The Fourth LVMH Prize Is Announced, Raf Simons Partners With Woolmark

Plus, Anna Wintour will reportedly have a cameo in "Ocean's Eight."
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Karlie Kloss, Nicolas Ghesquière and Delphine Arnault attend the spring 2017 Louis Vuitton show in Paris. Photo: Pascal Le Segretain/Getty Images

Karlie Kloss, Nicolas Ghesquière and Delphine Arnault attend the spring 2017 Louis Vuitton show in Paris. Photo: Pascal Le Segretain/Getty Images

These are the stories making headlines in fashion on Friday.

LVMH announces fourth edition of the LVMH prize
The fashion conglomerate is bringing back its Prize for Young Fashion Designers for the fourth time, and will be accepting applications from today through February 5. "As the industry leader, it is the LVMH Group's responsibility to spot tomorrow's talents and offer them the means to grow," said Delphine Arnault, director and executive Vice President of Louis Vuitton via release. The winner will be announced this June at the Fondation Louis Vuitton. {Fashionista inbox}

Raf Simons and The Woolmark Company announce partnership  
The designer is joining forces with The Woolmark Company, which will support the production and marketing of his forthcoming fall 2017 menswear collection, to be unveiled during New York Fashion Week: Men’s on Feb. 1. "I appreciate that The Woolmark Company encourages brands to come up with innovative ways to work with Merino wool — a material that I love and often use in my own collections,” said Simons via release. {Fashionista inbox}

Honest Company issues mass recall
Jessica Alba's natural beauty company has announced a recall of its Organic Baby Powder due to "possible contaminations with organisms" that were associated with “species associated with skin or eye infections." And it's not the first time the brand has had issues with safety concerns surrounding its products: in 2015, the brand was hit with a class-action lawsuit from consumers who alleged that Honest Co.'s sunscreen didn't actually protect from the sun. {The Cut}

Carolina Herrera CEO reportedly exiting 
Francois Kress is allegedly leaving his post as CEO of Carolina Herrera, where he has been since March 2015. He also played a central role in the recent lawsuit between Carolina Herrera and Oscar de la Renta over designer Laura Kim, who Kress reportedly hoped to make creative director of the brand. Previously, Kress served as global president of Stuart Weitzman, president and chief operating officer at The Row and president and CEO of Prada for North and South America. The brand did not respond to WWD's request to comment. {WWD}

Carolina Herrera names Emilie Rubinfeld president
In further Carolina Herrera-related news, the brand has named Emilie Rubinfeld as president of the Puig-owned fashion house. (Rubinfeld had most recently served as the brand's chief marketing officer and, prior to joining Carolina Herrera, held positions at Akris and Giorgio Armani.) A brand representative declined to comment to Business of Fashion regarding whether Rubinfeld will essentially replace CEO Francois Kress. {Business of Fashion}

And so it begins...
After Condé Nast announced a major restructuring of its creative teams last fall, it looks like some rumored cuts are going to start taking place. On Thursday, the publishing house confirmed to WWD that a "handful" of positions had been slashed as a result of reorganizing teams on the creative side. However, the biggest cuts are widely believed to be ahead, with a rumored reduction of magazine publishers, in addition to whittling down teams from the marketing and corporate sales divisions. {WWD}

Anna Wintour to make cameo appearance in "Ocean's Eight"
According to sources "close to the film", the Vogue editor in chief is set to make a cameo appearance in the upcoming (and female-led) "Ocean's Eight" film, alongside other fashion-industry icons including Alexander Wang, Zac Posen, Derek Blasberg and Lauren Santo Domingo. The movie will reportedly have an integral scene that takes place at the Met Gala, which was replicated for the film. {Page Six}

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