Here’s All the Fashion News You Missed This Week

Gucci Just Opened a New Outlet Store Outside Toronto

If you’ve ever wanted to acquire runway-ready Gucci shoes at steep discounts, then you’ll be elated that the brand has just opened an outlet store at Toronto Premium Outlets, a giant shopping complex which, confusingly enough, is a 45-minute drive outside the city. In addition to Gucci, the outdoor mall is opening up an additional 140,000 square feet of retail, including Montblanc, Zadig et Voltaire and the first-ever Aritzia outlet store in North America. Prada and Saint Laurent stores will open later this year. The outlet is already home to Burberry, Max Mara, Michael Kors and Restoration Hardware, so…what are you waiting for? (Press release)

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The CEO of Victoria’s Secret Has Resigned

It’s been a bad week for Victoria’s Secret. The brand’s Chief Marketing Officer Ed Razek was slammed after suggesting that trans women had no place in the lingerie runway show because it “is a fantasy,” and now, the CEO of the flagging brand, Jan Singer, has resigned. According to WWD, online sales flatlined in October and dipped 7% in stores. Considering the sheer number of thinkpieces questioning the value of the Victoria’s Secret runway show in a post-#MeToo world, it’s clear that the brand is in need of a dramatic reimagining. The purported “fantasy” they provide has always been about valorizing a specific body type (thin, voluptuous) to the exclusion of all others, which fails to hold any resonance with millennial women. Whoever steps up to the plate as Victoria’s Secret next CEO should be looking to Rihanna’s Savage x Fenty line as a model of success rather than the company’s own milquetoast past. (WWD)

A Pendant Once Owned by Marie Antoinette Sold for $36 Million

It was estimated to sell for $5 million. It ended up selling for $36 million. ‘It’ is an opulent diamond and pearl pendant that once belonged to ill-fated French Queen Marie Antoinette. During the French Revolution, much of the monarch’s jewellery was smuggled out of the country for safekeeping, before her legendary demise on the guillotine in 1793. Antoinette’s daughter, Marie-Thérèse, reclaimed the jewellery in 1796 after being released from three years of solitary confinement, and the jewels were kept in the family for over 200 years, until this current auction. (CNN)

Cardi B’s Fashion Nova Collab Sold Out Immediately

Cardi B and Fashion Nova. Name a more iconic duo….I’ll wait. One of Cardi’s most memorable ciphers is the line, “I could buy designer but these Fashion Nova’s fit,” and in interviews has referred to her relationship with the brand as “friendship.” After an eventful launch party in which Bhad Bhabie threw a drink at Iggy Azealea, the collection of plaid suits, faux fur trenches and velour parkas sold out online virtually instantly. In an interview with Business of Fashion, Cardi described her intentions for the collaboration thusly, “I want to make these women look so happy—so radiant, sexy, so corporate and poppin‘. I want them to look like they’re wearing Gucci and Prada, but they’re not, they’re wearing my line.” According to Cardi, the collection will be restocked next week. Keep on making those money moves.