Must Read: 'Moonlight' Star Mahershala Ali Covers 'GQ,' Kim Kardashian's Beauty Line Projected to Make $14.4 Million in Minutes

Plus, who will win the battle for retail supremacy — Walmart or Amazon?
Author:
Publish date:
Photo: Peggy Sirota/GQ

Photo: Peggy Sirota/GQ

These are the stories making headlines in fashion on Monday.

Mahershala Ali lands his first GQ cover
Academy Award-winning 'Moonlight' star Mahershala Ali covers GQ's latest issue in lots of beachy shirts in the colorful images shot by Peggy Sirota. In the feature story that accompanies the cover, Ali talks about the decades-long hustle that preceded his Oscar win, being placed on terrorist watch lists because of his Muslim last name and the complicated nature of patriotism for black Americans. {GQ}

Kim Kardashian's beauty line expected to make $14.4 million in under five minutes
Industry experts are guessing that Kim Kardashian's makeup line KKW Beauty could net $14.4 million in minutes, based on the success of her collaboration with half sister Kylie Jenner on lip kits in April. Still, Kardashian is confident that the makeup lines won't cannibalize each other. "I am older than Kylie," she said. "We definitely have a different audience. We do have a lot of similar things — but we aren't doing the same products, so we won't run into that overlap." {WWD}

Walmart and Amazon duel it out
Amazon just acquired Whole Foods; Walmart just bought Bonobos. Both mega-retailers, it seems, are playing offense right now, looking to cover as much territory as possible. "I think they're both trying to provide value across the value chain and up the demographic ladder," said Mortimer Singer, CEO of consulting firm Traub. "You can speak to a mass-market customer and a luxury consumer [at the same time] now." {WWD}

What is streetwear? Bobby Hundreds' documentary asks the question
Bobby Hundreds' new documentary "Built to Fail" explores the origins of streetwear and tries to sift through the egos and bravado to come to a clear definition of what it really is. "You can't appreciate streetwear without the lifestyle," Hundreds concludes. "Streetwear without culture is just fashion." {Complex}

J.Crew wins important support in debt deal
More than half of J.Crew's term loan holders are supporting a deal to reduce its $2 billion debt load and halt intellectual property litigation. The debt restructuring deal that J.Crew launched last week is intended help the company avoid bankruptcy. {Business of Fashion}

Luxury brands are buying farms to control their supply chains
Brands like Ermenegildo Zegna, Kering and Hermès have been buying farms in order vertically integrate their supply chains — which makes for good business and good PR. More tightly monitored supply chains give brands more quality control and the ability to address ethics concerns like animal welfare issues that can arise in the leather trade. {Business of Fashion}

Unilever acquires Hourglass Cosmetics
Unilever has added beauty company Hourglass Cosmetics to its portfolio, where it joins brands like Murad and Dermalogica in Unilever's beauty roster. "As the first color brand in Unilever's prestige portfolio, we are excited about this partnership," said Hourglass CEO and founder Carissa Janes. {WWD}

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