Must Read: Big Tech Wore Indie Designers to the Met Gala, James Murdoch Is Reportedly in Talks to Buy 'New York' Magazine
These are the stories making headlines in fashion on Thursday.
Big Tech Wore Indie Designers to the Met Gala
Instagram CEO Adam Mosseri wore Kartik Research, while VP of Fashion Eva Chen wore Proenza Schouler. Stewart Butterfield (Slack CEO) and Selby Drummond (founder of tech venture firm Plum Alley) both wore Conner Ives. Charles Porch, OpenAI's VP of global creative partnerships, wore Kallmeyer's first-ever men's look. "Opting for an emerging name signals a level of investment in fashion's rising stars, rather than its established houses," Madeleine Schulz writes for Vogue Business. {Vogue Business/paywalled}
James Murdoch Is Reportedly in Talks to Buy New York Magazine
James Murdoch is in "advanced talks" to buy Vox Media's New York magazine and podcast division, The Wall Street Journal reported on Tuesday. The deal, which is through Murdoch's Lupa Systems investment company, isn't yet final. A challenging advertising market, changes in search traffic and increased competition have forced companies like Vox to recalibrate. {The Wall Street Journal}
Hailey Bieber Stars in Alaïa's Latest Campaign
Photo: Tyrone Lebon/Courtesy of Alaïa
Hailey Bieber is the star of Alaïa's Summer/Fall 2026 campaign titled "Archetypes." The beauty entrepreneur was photographed by Tyrone Lebon at his London gallery, Graces Mews, under the creative direction of Pieter Mulier. {Fashionista inbox}
Tapestry Sees 21% Revenue Boost in Q3 2026
Tapestry, Inc. reported its Q3 2026 results on Thursday, which showed a 21% increase in revenue to $1.9 billion. Coach led this growth, as the Gen Z-beloved brand saw a 31% bump in Q3 sales to $1.7 billion. Tapestry is raising its Fiscal 2026 outlook, now aiming to achieve revenue in the area of $7.95 billion. {Tapestry, Inc.}
Crown Affair Raises Series C Funding Round
Hair-care brand Crown Affair has raised a Series C funding round of undisclosed size led by Stride Consumer Partners. This marks Stride Consumer Partners' first investment in prestige hair care. This news comes on the heels of Crown Affair's all-door Sephora expansion. {WWD/paywalled}
OTB Group and Google Cloud Unveil AI Virtual Try-On
OTB Group, the parent company of brands including Diesel, Jil Sander and Maison Margiela, is teaming up with Google Cloud to launch a new personalized shopping experience using Google Cloud's Virtual Try-On API. OTB designed this service to allow advisors to share curated, hyper-realistic visual previews with selected customers, offering a 360-degree view of the product. The project will initially launch with Diesel and Jil Sander across the U.S. and Europe, and will expand in the coming months to Marni and Maison Margiela. {OTB Group}
* This article was originally published here