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Must Read: More Condé Nast Layoffs Are Reportedly Underway, The Duke and Duchess of Cambridge Reveal Their Christmas Card

Plus, inside Kering and LVMH's new model charter.
Exterior of Condé Nast' headquarters. Photo: Andrew Burton/Getty Images

Exterior of Condé Nast' headquarters. Photo: Andrew Burton/Getty Images

These are the stories making headlines in fashion on Monday.

More Condé Nast layoffs are reportedly underway
Condé Nast has had a nail biting year, with layoffs, editorial shifts and business re-organizations throughout the company. According to Page Six, the publishing giant lost $100 million this year and has upcoming plans to shave off some of its digital business and its entertainment division. The next wave of cuts is expected to hit soon, which will bring Condé's total layoff count for the year up to 200. {Page Six}

The Duke and Duchess of Cambridge unveil their Christmas card 
Prince William and Kate Middleton unveiled their annual Christmas card Monday morning, which shows their four-person and counting clan (Middleton is pregnant!) dressed in coordinating blue ensembles — not so dissimilar to the Kardashian's 500-day holiday card release. As of late, the world has been fixated on Prince Harry and Meghan Markle, but the image, shot by Getty's Chris Jackson (shown below) is a helpful reminder of just how adorable Prince George and Princess Charlotte are. {@KensingtonRoyal/Twitter}

Inside Kering and LVMH's model charter 
In September, LVMH and Kering issued a model charter that implemented strict guidelines regarding a model's heath and safety. Both the French luxury groups account for big-time brands like Balenciaga, Givenchy, Saint Laurent, Gucci and more, which means that all their Spring runways were walked by models who were subject to the aforementioned standards, which helped to set the tone for the way models should be treated across the board. Marc-Antoine Jamet, secretary-general of LVMH, told WWD that he hopes other groups will publicly endorse the charter. "We want to be at the heart of a movement and to bring everyone together," he said. {WWD}

A look into the app that's made 2017 shine a little brighter 
If you look through your Insta feed, chances are you won't be able to scroll five seconds without seeing a glitter post. What exactly has spurred the recent re-awakening of sparkle, and why do influencers and Kardashians alike feel the constant need to shine? Perhaps it has something to do with KiraKira, an app that soared in popularity since Insta-baiters like Eva Chen discovered it during the Spring 2018 shows. The app, which was created as a side hustle by a Japanese developer named Kentaro Yama, is now an influencer in its own right, driving people to wear outfits that twinkle, otherwise known as KiraKirable ensembles. {Tech Crunch}

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BoF uncovers streetwear's top acquisition targets
In October, news broke that a top-tier private equity firm had paid a hefty sum to take a stake Supreme, the streetwear label that has become synonymous with cool drops and ridiculously high resale prices. The investment was symbolic of our growing streetwear-focused society and the influence the urban movement's had on both the high and low-end markets. Thus, Business of Fashion conducted its own research to identify the next streetwear brands poised to follow in Supreme's footsteps — that is, the top contenders in line for a major acquisition. {Business of Fashion}

Influencers are still vastly critical to a brand's success
The impact of influencers is showing no signs of slowing down. These expert makeup doers and outfit creators who use social media as tools to tell you what eyeliner, apple and bustier to buy have become critical to a brand's success. However, there are a few kinds of influencers and the struggle for various fashion and beauty related companies now, is deciding which ones will work best for them: There are "converters," people with followers who actively purchase products that are linked to in posts, and "brand builders," people who build brand awareness more than drive sales. {WWD}

A sneaker re-selling app reveals the most valuable sneakers of 2017 
We live in an age where sneakers are valued like high-quality gemstones — a strange concept, considering that the practical rubber-soled shoes were once reserved for sports. But since tastemakers and top luxury brands like Chanel are willing to entertain the podiatrist-approved footwear, then there's no doubt that these trainers have become worth a lot. WWD released data from GOAT, a sneaker re-selling app, on the top 10 most valuable kicks of 2017 — try getting your hands on a pair. {WWD}

The Museum of Contemporary Art in Chicago to open Virgil Abloh exhibit in June 
An exhibition dedicated to Virgil Abloh's fashion, furniture, graphic and architectural design is coming to Chicago's Museum of Contemporary Art on June 9. This is the first exhibition dedicated to the Off-White creator's multi-medium work. And in addition to highlighting Abloh's many contributions to design, the museum will also offer youth-oriented programing aimed at inspiring the next generation of artists. {Museum of Contemporary Art Chicago}

Colgate acquires PCA Skin and EltaMD
Colgate-Palmolive company is adding professional skin-care brands to its already stacked lineup of oral and household care items, with its decision to purchase PCA Skin and EltaMD. PCA Skin is a leader in dermatologist-backed skin-care treatments, while EltaMD is a fast growing physician-dispensed sun care brand. In Monday morning's acquisition statement Ian Cook, Colgate's Chairman, President and CEO said: "We are delighted that these high-growth, high-margin brands will strengthen our global personal care business. Their complementary product portfolios and sales forces, strong professional support and similar distribution channels will advance Colgate's presence in the premium global skin care category." {Fashionista Inbox} 

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