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Must Read: Kris and Kylie Jenner Discuss Their Makeup Collaboration, Valentino Has No Plans for an IPO

Plus, David Beckham joins the British Fashion Council.
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These are the stories making headlines in fashion on Friday.

Kris and Kylie Jenner discuss their upcoming makeup collaboration 
Leading up to the Kris Cosmetics drop on Mother's Day, WWD caught up with makeup mogul, Kylie Jenner, and brilliant momager, Kris Jenner, to talk about their upcoming collection. The mother-daughter duo discuss product names, lip shades and Kris' Instagram takeover earlier this week. {WWD

Valentino has no plans for an IPO 
Despite rumors of a 2018 IPO, Valentino's chief executive officer, Stefano Sassi, now says the company does not need to go public and has abandoned the option for the time being. "We thought about a listing a couple of years ago, because we were in a moment of super-accelerated growth and we asked ourselves [about the IPO]," said Sassi in a statement to WWD. "That and just by talking to banks generated [media reports]. I said this last year and I repeat it now: It's on hold and not a priority. The project does not exist, we are seeing very important growth and a potential that has yet to be fully expressed and we have the potential to reach very important results. We opened and closed [the IPO] parenthesis. Period. Our attention is all on growth." {WWD

David Beckham appointed ambassador of the British Fashion Council
The British Fashion Council has appointed David Beckham as its ambassadorial president, a newly created role that will have an initial two-year tenure and will support the organization in its goal to build networks and partnerships in the United States and Asia. "I have long been passionate about British style, fashion and craftsmanship and this role gives me the chance to get under the skin of an industry I love," Beckham said in a press statement. "I am excited to be working closely with the British Fashion Council to promote and inspire young talent, from across the UK, on a global scale." {Fashionista Inbox} 

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Marchesa mounts a comeback
Marchesa was hit hard by the scandal surrounding designer Georgina Chapman's husband, Harvey Weinstein; but this week the brand showed some promising signs of survival: On Monday, Scarlett Johansson proudly wore a Marchesa gown to the Met Gala and on Wednesday, Anna Wintour told Stephen Colbert that she supported Johansson's decision to wear the dress. The next morning, Vogue posted the editor's letter from its June issue, which was mainly devoted to a feature on Ms. Chapman. Do these small moments of praise for Marchesa mean it is due for a comeback? Vanessa Friedman weighs in. {The New York Times

L Brands shares drop as Victoria's Secret's sales continue to plunge 
L Brands Inc., the owner of Victoria's Secret and Bath & Body Works, has fallen short of its investors' expectations once again. The company said it expects first quarter earnings to be at the lower end of its previous forecasts and reported that sales in Victoria's Secret's Pink business were negative for a second consecutive quarter. The news has sent L Brand's shares down as much as 10 percent. {Business of Fashion

Cos partnered with Dia:Beacon on a large-scale Dorothea Rockburne installation 
Cos always looks to art to inform its collections, so the brand has decided to partner with both well-known and emerging artists, architects, galleries and foundations globally to commission new works and support projects that further the exploration of line, shape and form that drives design. Most recently, Cos teamed up with Dia Art Foundation to support the long-term installation of Dorothea Rockburne's large-scale works at the Dia: Beacon in upstate New York. To celebrate this partnership, the brand launched a special capsule inspired by Rockburne's work. {Fashionista Inbox} 

Vetements will go back to showing during couture week
Vetements is leaving the Paris Men's Fashion Week schedule to show during Paris couture week. According to WWD, the offbeat brand designed by Denma Gvasalia will present its Spring 2019 women's and men's collections on Jul. 1 at 5:30 p.m. {WWD

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