Must Read: Burberry Bets on Riccardo Tisci to Drive Turnaround, Hedi Slimane's First Accessories for Celine Drop Monday

Plus, Chanel to transition from U.S. wholesale business to concession model.
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Looks from Burberry's Spring 2019 runway show. Photo: Imaxtree 

Looks from Burberry's Spring 2019 runway show. Photo: Imaxtree 

These are the stories making headlines in fashion on Thursday.

Burberry bets on Riccardo Tisci to drive turnaround   
Riccardo Tisci received a positive reception for his debut collection at Burberry at London Fashion Week in September, but it will take time to turn around the brand, which reported Thursday that its first-half revenue and operating profit both fell. According to Reuters, Chief Executive Marco Gobbetti said his multi-year turnaround was only in the first phase and translating the buzz around the brand would take time. {Reuters

Hedi Slimane's first accessories for Celine drop Monday 
Hedi Slimane is using streetwear's almighty drop model to generate buzz around his first accessory offering for Celine, which hits stores Monday, Nov. 12. But is his ardent fan base passionate enough to create a genuine product frenzy around the luxury goods? Business of Fashion weighs in. {Business of Fashion

Chanel to transition from U.S. wholesale business to concession model
Chanel Inc., the U.S. subsidiary of Chanel Ltd,. is transforming its wholesale business into a concession model. This means the company will operate direct-to-client departments in its major accounts, which include Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, Nordstrom and Bloomingdale's. {WWD

What is causing the lack of diversity on the red carpet? 
Red carpets are lagging way behind the runways in terms of diversity. Celebrity stylist Zadrian Smith argues this blatant lack of diversity stems from a regimented VIP system that is put in place for most luxury brands. "With no one really holding them accountable for their biased decision-making, most brands have little incentive to revisit this system and challenge their own standards," writes Smith for WWD. "It's difficult for stylists to be vocal about this problem, as they fear ruining a relationship with the brand for their other clients. So, for the most part, this problem remains an issue that is being consistently swept under the carpet." (Pun intended... we think.) {WWD

Brands continue to bank on nostalgia
Designers are looking to the past with one brand after the other re-releasing old classics to woo a new generation of shoppers. There's Marc Jacobs, who just reissued his infamous  grunge collection, Dior and its scattering of the early aughts Saddle Bag all over Instagram and Prada, which brought back the banana print, plus many more. Now more than ever it seems as though brands have to mine the past for future profits. {WWD}

How the new generation of celebrity hairstylists are driving sales for prestige hair products 
These days, women are looking for accessible, clean haircare products to help them mimic the effortless looks of their favorite influencers, as opposed to the elaborate salon creations that used to drive haircare product sales. Therefore, a new wave of prestige haircare products from a new generation of hair stylists — like Jen Atkin's Ouai — are racking up sales through Instagram campaigns or the promise of new technology or ingredients, whereas brands – like Fekkai — launched by a previous generation of celebrity stylists are losing steam. {Business of Fashion

Puma partners with Teen Vogue for season two of "Do You" docu-series 
Puma announced Thursday that it has partnered with Teen Vogue to produce season two of its four-episode docu-series "Do You." This season spotlights the newly named class of Teen Vogue's 21 Under 21 alongside Puma's #DoYouambassador Cara Delevingne. You can watch the first episode, which features designer Tia Adeola, below. {Fashionista inbox} 

Heroine treasures teams up with Treasures of NYC on a '90s logo sale
Heroine teamed up with @treasuresofnyc, an Instagram that sells vintage designer pieces,  on a '90s monogram archive sale. Items on sale include everything from a Chanel logo bomber to Gucci newsboy cap. You can scoop them up here. {Fashionista inbox} 

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