Must Read: The Woolmark Prize Increases Award Size and Announces Nominees, What Needs to Change About 'Vogue'

Plus, Hermès sees international revenue grow by 13.5 percent.
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A look from Woolmark Prize nominee Claudia Li's presentation in February. Photo: Albert Urso/Getty Images

A look from Woolmark Prize nominee Claudia Li's presentation in February. Photo: Albert Urso/Getty Images

These are the stories making headlines in fashion on Thursday.

Woolmark is giving away more money — here's who might get it
The International Woolmark Prize is increasing its prize money and introducing a new category called the Innovation Award to celebrate the finalist with the most unique and creative yarn or fabric development. Death To Tennis, DYNE, Kenneth Ning, N-p-Elliott and Palmiers du Mal have been nominated for menswear, while Andrea Jiapei Li, Claudia Li, PH5, Protagonist and ZAID AFFAS are the womenswear nominees. {Fashionista inbox}

Anna Wintour talks about how Vogue needs to evolve
The EIC opened up for part two of her cover interview with Business of Fashion about how Vogue needs to be open to new things ("change has to be what we breathe"), what young people who want to break into fashion should do ("find your career path, but also find the causes that you care about") and why everyone wants to talk about Teen Vogue these days ("they don't worry about who's going to think about what [they do], they just do it"). {Business of Fashion}

Hermès revenue grows by 13.5 percent
The luxury label saw growth for Q1 due to its "rich and diversified business offering, and the healthy geographical distribution of its sales," according to the brand. Still, it noted that the same level of growth should not necessarily be projected to continue for the rest of the year. {WWD}

Philipp Plein will host first resort runway show during Cannes Film Festival
The German designer will be hosting the show at his own mansion in Cannes on May 24 and inviting 300 people, from press to friends, to view his coed resort collection. Plein will also unveil a capsule collection designed in collaboration with graffiti artist Alec Monopoly. {WWD}

Goop and Net-a-porter launch exclusive collaboration
Gwyneth Paltrow's wellness and lifestyle brand is teaming up with luxury e-comm retailer Net-a-porter to create a curated selection of products from both of the brands. The partnership marks the first time that Goop fragrances will be sold through an outside retailer. {Fashionista inbox}

Kit & Ace is closing all its U.S. stores
The luxury athleisure brand started by Lululemon founder Chip Wilson will be closing its 32 stores in the U.S., leaving just its nine Canadian stores to carry on the brand's brick-and-mortar presence. "We recognize the traditional world of brick and mortar retailing is changing, which is why we're shifting strategies," Wilson said of the brand's decision to focus more on online sales. {Racked}

Kim Kardashian speaks openly about her Paris robbery on Ellen
In the latest episode of The Ellen DeGeneres Show, the reality star-turned-entrepreneurial mogul gave her first interview about her armed robbery in Paris last October. Kardashian told DeGeneres that the men — 17 of whom were arrested in France in January — had been following her and researching her jewelry for two years. But she believes the traumatizing ordeal was "meant to happen," and that she's better person now because of it. (She also noted that she now has security with her at all times and that she doesn't know if [she'd] ever feel comfortable "wearing real jewelry again.") She wrapped it up by looking forward: "I'm out, I'm home, I'm safe. I'm a much better person. Let's move on." {YouTube}

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