LVMH says Louis Vuitton CEO quits over ill health (Reuters)
"Louis Vuitton's new chief executive has quit suddenly from the helm of luxury group LVMH's top brand because of health reasons, LVMH said on Tuesday. The world's largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last year."
Once Proudly Web Only, Shopping Sites Hang Out Real Shingles (NY Times)
"Andy Dunn was fierce about the Internet-only model of his apparel company, Bonobos, after helping to found it in 2007. He gave a speech, 'The End of Apparel as We Know It,' arguing that stores were a bad economic decision. As he told a news channel in 2009: 'We keep men out of retail stores when we know that men fundamentally don’t enjoy shopping.' How times have changed."
Instagram: we won't sell your photos (Telegraph)
"In a message on the Instagram website titled 'Thank you, and we're listening', Instagram co-founder Kevin Systrom told users: 'It is not our intention to sell your photos.'"
Vice Purchases i-D, the British Style Magazine (NY Times)
"Vice, the multimedia company known for its in-your-face journalistic style, is expanding into fashion coverage by buying the British style publication i-D magazine."
'Project Runway': Michael Kors Replaced by Zac Posen (Hollywood Reporter)
"Michael Kors isn't returning as a Project Runway judge for the design competition's 11th cycle, which will feature a twist wherein the designers compete in teams. Kors, who had been with the show from the beginning, will be replaced by 'featured judge' Zac Posen on the upcoming season, but Kors will return as the guest judge for the finale."