Fashion Cheat Sheet

07.07.14

Solange Talks Elevator Fight with Jay Z in Lucky Magazine; Burberry Investors Question CEO Christopher Bailey's Perks

And Chanel's couture sneakers break sales records.

Solange Talks Elevator Fight in Lucky: The infamous elevator footage revealing an enraged Solange Knowles unleashing fury on her brother-in-law Jay Z will probably haunt the 28-year-old singer for a long time. But, for the cover story of Lucky magazine’s August issue, Beyonce’s little sis’ touched on the incident, stating, “What’s important is that my family and I are all good. What we had to say collectively was in the statement that we put out, and we all feel at piece with that.” Sources claim the altercation “was over something so small and stupid,” and the public may never know what really happened. [Lucky]

Burberry Investors Question Christopher Bailey’s Perks: When Burberry’s chief creative officer Christopher Bailey replaced Angela Ahrendts as CEO in May, he signed on for a pretty nice promotion. In addition to receiving over $44 million in company shares, the 43-year-old is being paid $1.8 million annually (on top of a $750,000 cash allowance). The brand’s three investors (ISS, the U.S. corporate governance adviser, and the Pensions & Investment Research Consultants), however, are reportedly displeased with Bailey’s high earnings and have issued an “amber” warning prior to Friday’s annual meeting. [The Telegraph]

Chanel’s Couture Sneakers Break Sales Records: After causing a bit of a stir during couture fashion week in Paris earlier this year, the python running sneakers designed by Massaro, and adorned with pearls and the label’s signature tweed, were priced slightly over $4,000. In order to own them, however, customers had to purchase the full runway look the kicks were shown with, causing a 20% increase in sales. [Refinery29]

Apple Hires Another Fashion Executive: Patrick Pruniaux, currently the vice president of sales for Tag Heuer—one of LVMH’s top selling brands—is the latest luxury executive to be poached by Apple (last year, Yves Saint Laurent’s Paul Deneve and Burberry’s Angela Ahrendts were both hired by the technology conglomerate). Pruniaux’s role, at the moment, is unspecified, but his “appointment solidifies the theory that Apple is looking to the luxury market for strategic and aesthetic know-how,” according to The New York Times. [The New York Times]