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H&M’s Profits Are Down; Lady Gaga Is Apparently Wearing Valentino This Month Too

• Despite saying she’s "wearing only Versace for like the next two months," Lady Gaga wore a Valentino jacket in a Japan airport. [Red Carpet Fashion Awards]

• H&M's input costs rose this year due to pricier materials and higher manufacturing expenses, so despite their shmancy collaborations, the company's profits are down. [WSJ]

• Apparel labels Splendid and Ella Moss, both of which are owned by VF Corp, are working on women's shoe lines. Splendid's will be unveiled in August for spring 2012, while Ella Moss's will show in September for fall 2012. [WWD]

• Eric Wilson called garments in yesterday's Valentino resort show "impractical, but nevertheless fresh." [On the Runway/NYT]

• Frédéric Castet, who designed furs for Christian Dior, has died at age 81. [WWD]

• The mayor of Boston is complaining about the slogans on T-shirts in a Nike store, which he says send out a bad message to young people. They include “Get High” and “F*** Gravity.” [HuffPo]

• Menswear buyers have deemed this season's offerings in Milan "saleable." [WWD]

• Another one of Tyra Banks’s many, many talents is that she can apparently understand Italian. She tweeted yesterday: “Just heard two elderly women speaking in Italian. 1 said, 'She looks like Tyra Banks'. Other said, 'Oh no! Tyra is much better looking!'" [Tyra Banks/Twitter]

• Here are some more details on Kate Moss’s wedding, which may well include a performance from Snoop Dogg. [Fashionologie]

Photo: Jun Sato/WireImage

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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