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These are the stories making headlines in fashion on Tuesday.
Glossier gets Amazon TV series
Amazon MGM Studios has acquired the rights to “Glossy,” the best-selling book about Glossier and founder Emily Weiss, written by Marisa Meltzer. The narrative, which became an instant success this past September, uncovers the cult-like following that has built around the beauty brand. The Hollywood Reporter‘s Lacey Rose and Lesley Goldberg report that sources say “Pet Sematary” director Lindsey Anderson Beer will produce. {The Hollywood Reporter}
Young British designers are struggling financially
During this past London Fashion Week, several up-and-coming British designers were notably absent from the calendar. Due to rising living costs in the city, along with an increasingly-cautious buying approach from retailers, many of these rising creatives simply couldn’t afford to put on a show at Fashion Week. Lauren Cochrane of The Guardian finds that this is indicative of a world where the odds are firmly stacked against those in the earliest phases of their careers. {The Guardian}
Why beauty conglomerates are getting more selective
Many of the beauty industry’s biggest conglomerates are taking a more selective approach to their portfolios, transitioning from generalists to specialists, in an effort to cut costs. Business of Fashion writer Daniela Morosini reports that large companies such as L’Oréal and Unilever are selling off brands and moving towards a tighter, more selective niche, due to the level of competition in beauty. Experts have also found that having a stricter, streamlined brand selection can help maximize profits by increasing capital and staff efficiency. {Business of Fashion/paywalled}
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