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"Newsroom has to reduce its costs."
Consuelo Castiglioni will keep full creative control of the label.
This is great for Kate Spade and Juicy Couture.
He'll remain the chief designer for all his other brands, though.
The label is in "advanced" talks with Kellwood.
On J.Crew's dramatic buyout: "People write things. It’s the way of America."
Potential buyers are sniffing around, apparently.
The Bulgari family will gain a number of leadership positions within LVMH as part of the deal.