Must Read: Rihanna and Cardi B Rule the Diamond Ball Red Carpet, The Aftermath of Cindi Leive's Departure - Fashionista

Must Read: Rihanna and Cardi B Rule the Diamond Ball Red Carpet, The Aftermath of Cindi Leive's Departure

Plus, Justin O'Shea and Metallica collaborate on a music merch line for Selfridges.
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Rihanna at her 3rd annual Diamond Ball benefitting The Clara Lionel Foundation. Photo: Dimitrios Kambouris/Getty Images 

Rihanna at her 3rd annual Diamond Ball benefitting The Clara Lionel Foundation. Photo: Dimitrios Kambouris/Getty Images 

These are the stories making headlines in fashion on Friday.

Rihanna and Cardi B rule the Diamond Ball red carpet 
On Thursday night, to end her action-packed NYFW on a high note, Rihanna hosted her third-annual Diamond Ball, which raises money for The Clara Lionel Foundation. The singer-turned-designer-turned-foundation fairy godmother, arrived in a dramatic, black Ralph & Russo Couture gown accessorized with a diamond Chopard choker. At the risk of overshadowing the hostess at her own event, Cardi B also stole the show in a tulle-heavy, pale green dress courtesy of Christian Siriano. See Cardi B's princess moment below. {Vogue UK}

Cardi B at Rihanna's 3rd annual Diamond Ball benefiting The Clara Lionel Foundation. Photo: Dimitrios Kambouris/Getty Images

Cardi B at Rihanna's 3rd annual Diamond Ball benefiting The Clara Lionel Foundation. Photo: Dimitrios Kambouris/Getty Images

Cindi Leive's sudden departure disturbs Condé Nast staff 
Editors in chief are dropping like flies. In the past week, we've seen Graydon Carter, Robbie Myers, Nancy Gibbs and Cindi Leive remove themselves from the tops of their glossy mastheads. Leive, who was the most recent EIC to say her goodbye — first in a The New York Times interview — is leaving Glamour after 16 years. Her departure comes at an uncertain and fearsome time for Condé Nast employees, who were already shocked by Carter's decision to leave Vanity Fair and are walking the One World Trade halls with the threat of editorial budget cuts and company-wide restructuring looming over them. {WWD}

Justin O'Shea and Metallica collaborate on music merch line Selfridges 
Fresh off starting his streetwear label SSS World Cup, the buyer-turned-designer Justin O'Shea is teaming up with Metallica on a line of music merch for Selfridges. The collection will contain bomber jackets, raincoats, sweatshirts and an assortment of accessories emblazoned with the legendary heavy metal band's logo. Until the line drops on Oct. 20, the range of Metallica apparel will make a guerrilla-style debut in the beauty department at Selfridges today. {Business of Fashion}

Fiorucci opens three-story retail space in London
The Italian heritage brand Fiorucci, beloved for its influence over the disco-era, is opening an experience-based retail space in London's Soho area today. The store will boast three floors of ready-to-wear, accessories, a customization hub for screen-printing and patchwork, as well as, a café, a martini cocktail bar and a space devoted to displaying archival works. In addition, the retail mecca will function as an event space allowing for the occasional roller disco to take place. {Business of Fashion}

Emily Ratajkowski speaks out about her photoshopped 'Madame Figaro' cover 
The genetically-blessed model Emily Ratajkowski took to Instagram to post an original cover shot for Madame Figaro, along with the photoshopped version that the magazine ran. From the looks of it, the French magazine reduced the size of her lips and cleavage. The model and actress accompanied the post with a caption that expressed her inability to live up to society's unrealistic ideals of beauty and her desire for the world to celebrate difference, rather than condemn it. {@emrata/Instagram}

H&M's summer markdowns impacted third-quarter sales
H&M reported that its third-quarter sales only rose 5 percent. According to WWD, the Swedish retailer said its larger-than-normal summer discounts had weakened revenue growth. However, the fast-fashion company also revealed that the markdowns led to an improved inventory spot transitioning into fall, which could mean an improved sales position for the fourth quarter. {WWD
NYFW was about displacement 
For Spring 2018 at NYFW, designers either fled America or created collections that in someway hinted at leaving, or taking a vacation from the world in which we live in. Marc Jacobs envisioned a wardrobe for a much-needed city getaway, while Stuart Vevers showered his Americana-themed collection for Coach in glitter hinting at a fantasy New York City — a vacation for the mind. Younger, less established designers approaches their runways in a similar light – all trying to create or depart from a New York narrative. {Business of Fashion}

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