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Must Read: Karl Lagerfeld Called Meryl Streep Cheap, ShopStyle Is Getting Acquired

Plus, watch Petra Collins' new Gucci video.
Photo: Alberto E. Rodriguez/Getty Images

Photo: Alberto E. Rodriguez/Getty Images

These are the stories making headlines in fashion this Friday.

Karl Lagerfeld called Meryl Streep cheap over Oscars dress drama
The story reportedly goes like this: Streep ordered a couture dress from Chanel for the Oscars, the brand started making the gown, and then Streep's people contacted Lagerfeld saying not to make the dress because there was another designer who wanted to pay Streep to wear their stuff on the red carpet. "A genius actress, but cheapness also, no?" Lagerfeld said. Streep's representatives have denied the claim that Meryl's red carpet preference can be bought. {WWD}

ShopStyle is getting acquired from PopSugar by Ebates
Ebates, a pioneer in cash-back shopping, is acquiring fashion discovery platforms ShopStyle from media brand PopSugar in a bid to strengthen its fashion and lifestyle verticals. Ebates and PopSugar also announced a content-commerce partnership intended to drive more consumers to the shopping platform. "Content commerce is critical to the future of ecommerce," said Ebates CEO Kevin H. Johnson. {Business Wire}

Petra Collins shot a new video for Gucci
Collins teamed up with her pal Alessandro Michele — for whom she has walked the runway and collaborated on photo shoots in the past — for Gucci's latest eyewear campaign. The video, which shows off Collins' signature whimsy and pulls on her Hungarian roots, stars her IRL cousins and grandma. How's that for a family affair? {Dazed}

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Giorgio Armani ceasing Collezioni and Jeans labels
The designer will be consolidating all his collections under the Giorgio Armani, Emporio Armani and A|X Armani Exchange brands. "There was too much confusion with so many collections," the designer said backstage following the Emporio Armani show in Milan. "Times have changed and we have to evolve." {WWD

Man Repeller is launching an IRL pop-up
OG blogger Leandra Medine is bringing her popular site to the next level by opening a pop-up at Canal Street Market starting on March 1. The pop-up, which will operate Friday through Sunday for a month, will showcase Monogram x Man Repeller T-shirts, MR by Man Repeller shoes and boob-shaped neon lights in collaboration with Name Glo. "I'm eager to see how people respond to Man Repeller in real life," Medine says. "If things go well, I'd love to explore what the future of a permanent Man Repeller space would look like." {WWD}

Who's behind Kylie Jenner and other influencers' makeup products?
A small handful of private label companies produce the makeup for almost all the digital influencers who have their own brands. Seed Beauty, the company behind both Kylie Cosmetics and ColourPop products, is one example. Their strengths? Focusing on speed, agility and the power of influencers who actually 'live and breathe' the products they're pushing — a stark contrast to the old model of signing a celebrity face and name to a product in which the influencer had very little creative say. {Business of Fashion}

American Apparel now making apparel that's not so American
Gildan Activewear Inc., which bought the brand in a bankruptcy auction, isn't particularly interested in maintaining what some customers saw as AA's greatest strength: that it was made in the USA. Under Gildan's leadership, the brand will keep some made-in-America items, but will mix pieces made overseas into the lineup. {Business of Fashion}

Nordstrom's fourth-quarter and 2016 earnings exceed expectations
It's a challenging environment for department stores, and the usually-robust Nordstrom is not immune: comparable sales decreased 0.9 percent in the fourth quarter of 2016 and decreased 0.4 percent for the year. But thanks to the company's recent expansion into Canada, overall net sales increased 2.9 percent for the year. And as usual, weakness in full-line stores and Trunk Club (which hasn't done well since Nordstrom bought it in 2014), was offset by strength at Nordstrom Rack, where comp sales increased and overall performance exceeded expectations as a result. In the year ahead, Nordstrom's big focus is on integrating online and offline experiences with lots of new customer-centric features. {Nordstrom}

Moschino's fall 2017 capsule collection will be shoppable online starting this weekend
Jeremy Scott's latest tongue-in-cheek collection was inspired quite literally by garbage, and if it's the kind of 'trash' you'd like to invest in, you're in luck — items from the collection will be available online starting this Sunday, Feb. 26 on Stylebop. See all the items from the capsule below. {Fashionista inbox}

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