Here’s All the Fashion News You Missed This Week

Chanel is Suing TheRealReal Over the Sale of Fake Bags

TheRealReal’s business model revolves around authenticity. The luxury secondhand e-retailer ensures “every item” is “100% the real thing” and employs a team of 50+ “authentication experts” to certify that all the designer wares are the genuine article, which makes it all the more juicy that Chanel is suing TheRealReal over the alleged sale of counterfeit bags. Chanel claims the TheRealReal’s experts are not qualified to authenticate Chanel goods and are misleading customers by associating their name with the brand. Chanel filed a lawsuit in a New York district court last week for trademark infringement, counterfeiting, false advertising and unfair competition, claiming to have found several counterfeit Chanel bags for sale on the website. “When this retailer lets its customers believe its so-called experts can authenticate genuine Chanel-branded goods, it deceives them,” says a spokesperson for Chanel.

TheRealReal “unequivocally rejects” these claims, suggesting the lawsuit is “nothing more than an alarmingly thuggish effort to stop consumers from reselling their authentic used goods, and to prevent customers from buying those goods at discounted prices.” The market for gently used designer goods is currently booming – secondhand allows people to purchase designer goods for much lower than retail prices, allowing a larger number of people access to luxury goods. Thredup, a designer consignment e-retailer, has forecasted the resale of gently used luxury goods to reach upwards of  $41 billion by 2022. If Chanel’s lawsuit is to succeed, it could cause serious damage to TheRealReal’s credibility and profitability. (WWD)

Photography Courtesy of Gucci

 

Gucci has Opened a Bookstore in Manhattan

After reports that beloved SoHo bookstore McNally Jackson will be relocating due to rising rents, comes the news that Gucci opened a bookstore nearby at 375 Wooster Street in Manhattan. The bookstore resides inside Gucci’s “cultural gathering space” (aka store) and its appearance mimics that of an old time library, with its dark wood flourishes and plush leather chairs. The bookstore was curated by Dashwood Books founder David Strettell, who helped select titles that span subjects such as fashion, art, architecture, design and “youth culture.” Books will sell between $20-$1,000 and employees of the store are referred to as “book worms.” “Hopefully it’s going to be a unique experience,” Strettell told Vogue. (Vogue)

Glamour Magazine Shutters Print Edition

The hits keep coming for print media. Glamour is the latest title to announce it will shutter its print edition in favour of a digital-only future. “It’s where the audiences are, and it’s where our growth is. That monthly schedule, for a Glamour audience, doesn’t make sense anymore,” says editor-in-chief Samantha Barry. Barry took over from former EIC Cindi Leive, who departed after 16 years, in January and has grown the site’s monthly unique viewers by 12 percent to a total of 6.3 million. Glamour is the latest in a trifecta of Conde Nast titles to cease publication of their print edition, including Teen Vogue and Self. (Fashionista)