Must Read: Barneys Files for Bankruptcy, Rihanna Blessed Us With Another Epic Crop Over Costume

Plus, luxury beauty brands are now targeting babies.
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Photo: Drew Angerer/Getty Images

Photo: Drew Angerer/Getty Images

These are the stories making headlines in fashion on Tuesday.

Barneys files for bankruptcy 
Barneys New York filed for Chapter 11 bankruptcy protection on Tuesday, after struggling with soaring operating costs and shifts in the luxury market. The company is being represented by Kirkland & Ellis LLP, whose attorneys have also advised on the retail bankruptcies of Toys 'R' Us and Payless ShoeSource Inc. In the filing, the retailer listed assets between $100 million and $500 million. {WWD

Rihanna blessed us with another extravagant Crop Over costume 
On Monday, Rihanna reminded everyone that she's the queen of a style statement with her outfit for the annual Crop Over festival in her homeland of Barbados. She arrived to the island's harvest festival in a massive pink feathered dress. The cloudlike design featured giant feathers sprawling from a pink minidress. She accessorized with diamond earrings, bracelets and matching jewel-encrusted heels, completing the look with lime green eye shadow and a rhinestone-encrusted cat eye. {Jezebel

Luxury beauty brands are now targeting babies
Over the last few years, a number of prestige beauty brands have started targeting babies in hopes that shoppers want to treat their little ones to the same high-end products they use on themselves. These tot-specific ointments, sleep sprays and face creams don't come cheap, but parents — especially millennials who came of age alongside the wellness movement — are willing to drop a pretty penny on luxury products for their offspring. In fact, according to Mintel data, three in four parents prefer to spend more money on personal care products for their children than for themselves. {Business of Fashion

Former Vogue staffer launches immersive e-commerce site
Neha Singh left her job as director of product at Vogue.com three years ago to launch Obsess, a B-to-B service, custom-making immersive shopping environments for the likes of Tommy Hilfiger and Levi's. Now, she and her small team are powering up their new consumer offering, ShopObsess.co, an online destination with 19 unique virtual stores across which approximately 700 items are for sale. The site features shops dedicated to the tie-dye trend, to denim and to wellness, and boasts a party boutique and influencer curated stores. {Vogue

What Lord Jones's $300 million acquisition means for CBD in the marketplace
Last week, Cronos Group Inc. acquired CBD businesses from Redwood Holding Group LLC, including high-end brand Lord Jones, in a $300 million deal. Lord Jones's CBD competitors and investors in cannabis companies have deemed the deal a validation of CBD in the marketplace and the precursor to future M&A windfalls. In addition to Cronos, there's a long list of cannabis companies with cash to burn in this space, including Canopy Growth, Indus Holdings and Aurora Cannabis. {Beauty Independent

InStyle's Eric Wilson is moving to Hong Kong in editor at large role  
InStyle's Fashion News Director Eric Wilson is relocating to Hong Kong later this month to join his husband, who has to relocate to China for a work assignment. Due to the move, Wilson will transition into an editor at large role, allowing him to continue to contribute to the magazine, while also penning travel features for other publications and developing a few fashion-related book projects. {WWD

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