Must Read: International Woolmark Prize Announces 2025 Finalists, Nicole Kidman Covers 'W' Magazine
Photo: Courtesy of International Woolmark Prize 2025
These are the stories making headlines in fashion on Tuesday.
International Woolmark Prize announces 2025 finalists
The 2025 International Woolmark Prize announced the eight finalists on Tuesday: Act No. 1, Diotima, Duran Lantink, Ester Manas, LGN Louis Gabriel Nouchi, Luar, Meryll Rogge and Standing Ground. Each finalist will receive AU$60,000 for the development of a Merino wool collection and will be supported by the Innovation Academy, which includes mentoring from industry leaders. The eight finalists will each develop six Merino wool looks as part of their Fall 2025 collection or as a stand-alone collection. One finalist will be awarded the International Woolmark Prize and receive AU$300,000. Woolmark will also welcome IB Kamara as Guest Artistic Director for the 2025 final event. {Fashionista inbox}
Nicole Kidman for W Magazine Volume 6, The Art Issue
Photo: Nick Brinley/Courtesy of W Magazine
Nicole Kidman covers W Magazine
Nicole Kidman is the cover star for W Magazine's Volume 6, The Art Issue. Photographed by Nick Brinley and styled by Sara Moonves, Kidman wears a Celine by Hedi Slimane jacket, shirt, pants, tie and shoes on the cover, which is inspired by Robert Longo's "Men in the Cities" series from the 1980s. In the cover story written by Lynn Hirschberg and Armand Limnander, Kidman talks her new movie "Babygirl" and the film's uniquely female perspective. W Magazine Volume 6, The Art Issue will be on stands Dec. 3. {W Magazine}
Vogue World 2025 to be held in Los Angeles
Vogue World debuted in New York two years ago and most recently took place in Paris's Place Vendôme in June. Now, the event is headed to Los Angeles for Vogue World: Hollywood, which will celebrate the relationship between film and fashion by centering characters in cinematic history. A portion of Vogue World: Hollywood's proceeds will benefit the film industry's future costume designers. {Vogue/paywalled}
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Saint Laurent, Balenciaga name new CEOs
Cédric Charbit, Balenciaga's CEO since 2016, has been named Saint Laurent's new CEO, effective Jan. 2. Gianfranco Gianangeli will succeed Charbit as Balenciaga's CEO on the same date. Gianangeli previously served as Maison Margiela's CEO and is currently Saint Laurent's chief commercial officer. Charbit is returning to Saint Laurent, as he was previously the brand's executive vice president of product and marketing before moving to Balenciaga. {WWD/paywalled}
APC names Pierre-Arnaud Grenade president
APC and private equity firm L Catterton have named Pierre-Arnaud Grenade as APC's president. Grenade previously served as Ba&sh's CEO and oversaw the brand's revenues multiply by seven to more than €320 million in 2022. Following L Catterton's acquisition of a majority stake in APC last year, it's now tapping Grenade to boost APC's business. "His mission is to expand and advance its creative dynamic, reinforce its financial structure and give it new selective growth opportunities," APC said in a statement. {WWD/paywalled}
Who's winning the beauty retailer race for Gen Z?
As Gen Z's spending power grows, retailers are increasingly trying to capture Gen Z's beauty spend, with Target and Walmart bringing buzzy brands into their stores as well as Amazon and TikTok Shop tapping into convenience and easy discovery. Competition between Ulta and Sephora is stiff, with Sephora dethroning Ulta as Gen Z's beauty retailer of choice in 2023. Target, Amazon and Walmart are also on the rise within the Gen Z market. {WWD/paywalled}
Mulberry to cut handbag prices below £1,100 to boost sales
In an effort to boost sales, Mulberry aims to sell most of its luxury handbags for less than £1,095 ($1,383), according to the brand's new CEO Andrea Baldo. The brand's Bayswater bag retails for that price, and Baldo is trying to lower the cost of Mulberry's products so that 60% of the range retails for less than the Bayswater. Mulberry's pretax loss widened to £15.7 million ($19.9 million) in the 26 weeks to Sep. 28, and the brand has plans to cut about 85 corporate roles. This move to lower the cost of its handbags marks an attempt to reach customers looking for more affordable luxury goods. {Bloomberg/paywalled}
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