Wealthy holiday shoppers, King of Hearst, Versace back in Japan, POST matter, The Met gets a face-lift

Damiani Sophia Lauren Pink and White Gold Diamond Ring | Source: Damiani

Wealthy treated themselves during the holidays (WSJ)
“The rich treated themselves like royalty this holiday season. That spun the holidays into gold for Tiffany & Co. and other high-end retailers… shoppers traded up to more expensive gold and diamond jewelry from silver charms. Designer clothing and purses were back.”

The King of Hearst (WWD)
“By the time Hearst finishes acquiring Hachette from Lagardère, the company will have spent more than $1 billion in a little under a year while the rest of the magazine industry is still recovering from the Great Recession.”

Versace returns to Japan (Vogue UK)
“To ensure the re-entry goes as planned, the company has enlisted Hiroshi Saito – who previously worked with Ferraris at Jil Sander – as chief executive officer of Versace Japan. Saito has more than 30 years experience in the Japanese luxury market.”

Is There A World POST Print Magazines? (Style.com)
“The brainchild of creative director Remi Paringaux, the former art director of Dazed & Confused and Vogue Hommes Japan, POST was explicitly conceived for the new multidimensional page… Here, [POST editorial director Xerxes Cook] talks to Style.com about media’s next wave.”

Face-Lift for Met’s Costume Institute (NY Times)
“The Metropolitan Museum of Art is planning a major renovation of its renowned Costume Institute. The project will enable the museum to show off part of its world-class permanent collection 10 months out of the year in a more contemporary setting.”