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Must Read: Givenchy Opens First London Flagship, The Global Fashion Business Is Becoming Increasingly Polarized

Plus, Evian hires Virgil Abloh as "creative advisor" for sustainable design.
Photo: Marc Piasecki/Getty Images

Photo: Marc Piasecki/Getty Images

These are the stories making headlines in fashion on Thursday.

Givenchy opens first London Flagship
Givenchy has made a huge mark on London in 2018, thanks in large part to Clare Waight Keller, the British designer behind the wedding dress Meghan Markle wore to become the Duchess of Sussex. The relationship between Waight Keller and the modern princess has blossomed since, resulting in Markle wearing many more Givenchy ensembles during her various royal commitments. Now, the French fashion house is making an even greater push for the U.K. market by opening its first flagship in London. {Business of Fashion

The global fashion business is becoming increasingly polarized
A report on the state of fashion in 2019, produced by consultancy McKinsey & Company and the Business of Fashion, looked at more than 500 fashion companies spanning geographies, categories and price segments. Across all those companies, McKinsey calculated that the top 20 percent made 128 percent of the total profit in 2017. And when McKinsey looked at just the top 20 companies, it found that they accounted for 97 percent of the total profit in the group — a share that has increased pretty steadily for years. {Quartz

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Evian hires Virgil Abloh as "creative advisor" for sustainable design 
Evian has enlisted Virgil Abloh to aid in its quest to put an artistic and innovative spin on sustainable product design. The French beverage company will work with Abloh on a "long-term global multi-project collaboration" as a part of its goal to become a 100 percent circular brand by 2025. Abloh and Evian's first "limited-edition design project" will be introduced during fashion month in February. {Hypebeast

The highest paid fashion and beauty influencers of 2018 
Models Bella Hadid and Emily Ratajkowski came out on top this year as the highest paid fashion influencers on Instagram: Hadid makes $27,000 per post, while Ratajkowski gets $26,500. Chiara Ferragni took third place with $19,500 per post and a 51-year-old Italian billionaire by the name of Gianluca Vacchi came in fourth with $16,750 per post. Hudda Kattan is the highest paid beauty influencer and makes $33,000 per post. Zoe Sugg and Nickie De Jager came after Kattan and make $16,000 and $15,750, respectively. {Evening Standard

Stella McCartney on designing the future of sustainable clothing 
Stella McCartney decided at the age of 12 to never use leather, fur or feathers in her creations if she were to become a fashion designer. McCartney kept this promise, and throughout her career, she has continued to put environmental responsibility at the center of her business. Wired U.K. caught up with the vegan designer to discuss how she's designing the future of sustainable clothing with materials like mushroom leather and bioengineered spider silk. {Wired U.K.

Louis Vuitton's CEO on embracing contrasts 
WWD met up with Louis Vuitton's CEO Michael Burke during Design Miami/ to hear about the new furniture creations added to the brand's Objets Nomades collection. In addition to describing an oval glass table and a hanging cocoon chair, Burke explained why the brand stopped doing collaborations after Supreme and why he wants the label to have different design aesthetics. {WWD

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