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Must Read: Harvey Weinstein Scandal Threatens to Damage Marchesa, LVMH Had a Very Good Quarter

Plus, how Supreme became a global fashion cult — with the help of a secret partner.
Harvey Weinstein and designer Georgina Chapman at The Weinstein Company and Netflix Golden Globe Party on January 8, 2017. Photo: Tommaso Boddi/Getty Images 

Harvey Weinstein and designer Georgina Chapman at The Weinstein Company and Netflix Golden Globe Party on January 8, 2017. Photo: Tommaso Boddi/Getty Images 

These are the stories making headlines in fashion on Tuesday.

Harvey Weinstein scandal threatens to damage Marchesa 
Big-time producer Harvey Weinstein spent the weekend in the headlines following an exposé in The New York Times that accused him of sexually harassing women for decades. In addition to being a longtime film and TV fixture, Weinstein has also been a somewhat prominent force in the fashion industry, having wed Marchesa designer Georgina Chapman in 2007 and helped her get designs on red carpet A-listers; he also co-produced Project Runway. Marchesa showed its Fall 2018 bridal collections this past Thursday, and Chapman's Instagram photos of the presentation received a slew of aggressive comments from people calling out her husband's behavior, while a string of celebrities have openly condemned Weinstein's actions. The negative feedback, coupled with hate from red carpet stars, could pose a threat to the future of Marchesa. {Hollywood Reporter}

LVMH had a very good quarter
LVMH's upward sales momentum continued into the third quarter of 2017 with a 12-percent rise in organic revenue. That was largely driven by the fashion and leather goods category, where sales were up 14 percent organic and 21 percent reported. Louis Vuitton was once again a highlight, its success being driven by a smart-watch launch and development of its distribution network. In the cosmetics category, the company also noted that Fenty Beauty got off to "an exceptional start." Still, the conglomerate remains cautious looking forward in this "uncertain geopolitical and currency environment." {Fashionista inbox}

How Supreme became a global fashion cult — with the help of a secret partner
After much speculation, Supreme confirmed that the private equity firm The Carlyle Group bought a significant stake in the business. The $500 million deal, which, according to Business of Fashion, gave the equity firm close to a 50 percent stake in the streetwear label, wasn't the first external force to pump cash into the once low-key downtown brand: Back in 2014, private equity firm Goode Partners also took a minority stake in the company. The Goode Partners investment was kept on the hush-hush, with neither parties speaking publicly about the deal. Nevertheless, Goode Partners is said to have provided Supreme with the funds to help expand its retail network. {Business of Fashion}

Dove issues apology following its release of a racially insensitive ad  
Dove apologized Saturday for its release of a racially insensitive body wash campaign. Consumers were outraged over the short video clip, which featured a black woman removing a brown shirt and, mid-shirt removal, transforming into a white woman. While social media was on fire, the beauty brand removed the video and issued a statement via Twitter and Facebook, saying that it "is committed to representing the beauty of diversity, " and that it "missed the mark in thoughtfully representing women of color." {NPR}

Gal Gadot roasts Kendall Jenner and the Hadids on "SNL"
Over the weekend, Wonder Woman star Gal Gadot hosted "Saturday Night Live" and added flawless impersonation of Kendall Jenner and Gigi Hadid to her list of superpowers. The actress poked fun at the model besties in a sketch about E!'s faux new lineup, which teased a spinoff to "KUWTK" dubbed "Kendall's Model House." The digital short featured a blond-wigged Gadot as Gigi and a choker-wearing Gadot as Jenner, as well as a top-knotted Kate McKinnon as Bella, who are shown navigating the trials and tribulations of selfie angles and sibling rivalry in Jenner's barely lived-in Calabasas mansion. {YouTube}

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How to go about selling a fashion brand 
Fashion brands are highly sought-after business endeavors, because when they're extremely successful — see Supreme — they have the potential to be incredibly profitable. Nevertheless, it isn't always so easy for founders of these companies to relinquish complete control over their growing empires. But when founders are considering their selling options — whether the selling motive be financial distress or loss of interest in the company — they must make informed and well-researched decisions when choosing the right partner and deciding what percentage of their company to sell. {Business of Fashion}

The appeal of a $2,000 vintage T-shirt
Brian Procell has made a career out of unearthing gently-used concert tees to fill the racks of his Lower East Side store, Procell Vintage. He's currently selling $2,000 vintage T-shirts in collaboration with Alexander Wang – a price tag that is not atypical of his archival shirts. So, why is it that something universally viewed as a practical wardrobe staple can demand a cash offer that matches that of a calfskin Chanel bag? Because some t-shirts possess a deeply personal quality and are closet emblems of our past. {The New Yorker}

Cindy Crawford on daughter Kaia Gerber's modeling debut 
Kaia Gerber was a runway fixture during fashion month. The 16-year-old made her catwalk debut at Calvin Klein and was immediately crowned the breakout star of the season. But what does her supermodel mom Cindy Crawford think about her newly licensed teen making her runway and road debut in the same month? Well, in a new statement, Crawford said:  "In some ways, I wish I could have pushed it off a year or two. But she's 16. That's how old I was when I started, which is young, but in fashion that's kind of the normal age when people start." {Vogue UK}

Toms appoints John Whitledge as new creative director 
Today, Toms announced the appointment of John Whitledge as the lifestyle brand's new creative director. Whitledge is the founder of the CFDA Vogue Fashion Fund-winning label Trovata, which he will continue to operate. In his new role, Whitledge will oversee all the creative elements of Toms' footwear and eyewear collections for Spring 2018. "My goal is to work with the team to elevate the design and product to match the commitment Toms has made to giving over the past 11 years," Whitledge said in a press statement. "Everyone who wears Tom has an emotional connection to the give, so it was important to our team moving forward that we also feel an emotional connection to the product as well." {Fashionista inbox}

TOMS' new creative director John Whitledge. Photo: TOMS

TOMS' new creative director John Whitledge. Photo: TOMS

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