WEEKLY ROUNDUP: WEEK OF 2.28
Valentino Is Now A $1 Billion Brand
Valentino has reached $1 billion in sales revenue, a goal the fashion house set in 2012 to be reached by 2017.
The CEO Stefan Sassi told WWD, “The one-billion figure is symbolic; we have arrived at a dimension and critical mass that the brand did not have, with significant cash and profitability.”
Self’s Fashion Director Leaves For Travel + Leisure
On Monday, news broke that Melissa Ventosa Martin was departing from Self for another, unnamed gig. According to WWD, sources said her departure caused the magazine’s small fashion department to worry about finding an adequate replacement.
On Tuesday, her unnamed gig was revealed–she is the new fashion director of Travel + Lesiure. Ventosa Martin is already expected to begin working at the travel magazine on March 7th. The magazine’s editor, Nathan Lump, told WWD that the magazine has become increasingly engaged with fashion and style and he admires Ventosa Martin’s “fresh thinking on what fashion means in a travel context.”
Vogue Out-Advertises Every Other Magazine in March
Vogue took first place for the most number of advertisements in its March 2016 issue–a whopping 405 pages of advertisements. March is the second most important month, behind September, in terms of print advertising revenue.
Harper’s Bazaar took second place with 336 pages, Elle in third with 315 pages, InStyle in fourth with 263 pages, W in fifth with 209 pages, Marie Claire in sixth with 145 pages and lastly, Glamour in seventh with 122 pages of advertisements.
Adidas Announces Design Academy Program
Adidas is giving aspiring designers the chance to design for the brand. They’re implementing a 24-month design program in which students will take courses in graphic, footwear and apparel design. Applicants must have a degree in fashion, graphic design or a similar concentration and can only have a maximum of two years of experience.
The program will take place in the USA and Germany. Applications are due by March 6 and the program is expected to begin on June 1.
Burberry Is Dressing Adele for Her 2016 World Tour
Adele is being dressed exclusively by Burberry for her “25” world tour. The British fashion house has designed dresses for her to wear to her 100-something shows.
For opening night in Belfast on Monday, Adele wore a custom black silk gown with hand-embroidered sequins designed by the brand’s CEO and chief creative officer, Christopher Bailey. “It is a huge privilege to work with Adele,” Bailey said in a statement. “She is an incredible artist who I admire enormously for her approach to life, her sense of fun, her innate style and her massively powerful and moving voice and performance.”