FT names new fashion editor and key luxury summit curator
The Financial Times has named Elizabeth Paton as its new fashion editor with Paton taking up the London-based position in August.
As well as overseeing the heavyweight newspaper's extensive coverage of fashion and style that has a big skew towards the luxury end of the market, she'll write the weekly newsletter 'Fashion Matters'. And she'll curate the major Business of Luxury Summit. This is the FT's annual event that attracts some of the most influential leaders in global luxury and fashion.
Paton has been international style correspondent for the New York Times since 2015 but started her career at the Sunday Times in London, and previously worked in the FT's New York bureau as a corporate reporter focused on luxury and retail.
FT Weekend editor Janine Gibson said she has 'an enviable track record covering the global fashion and luxury industries, as well as style and culture'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
4 hours ago
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
France 24
7 hours ago
- France 24
Meta makes major investment in Scale AI, takes in CEO
Scale AI founder and chief executive Alexandr Wang will join Meta to work on the tech giant's own artificial intelligence efforts as part of the deal, according to the startup. Meta was reportedly pouring more than $10 billion into San Francisco-based Scale AI, and acquires its 28-year-old CEO amid fierce competition in the AI race with rivals such as OpenAI, Google and Microsoft. Scale AI works with business, governments and labs to exploit the benefits of artificial intelligence, according to the startup. "Meta's investment recognizes Scale's accomplishments to date and reaffirms that our path forward -- like that of AI -- is limitless," Wang said in a release. "Scale bridges the gap between human values and technology to help our customers realize AI's full potential." Scale AI will use the infusion of capital to accelerate innovation and strengthen partnerships, along with distributing proceeds to equity holders, according to the startup. Meta will hold a minority stake in Scale AI after the investment deal closes. Tech industry veteran and investor Jason Droege, a co-founder of Uber Eats food delivery platform, will take over as chief of Scale AI, according to the company. "Scale has led the charge in accelerating AI development," Droege said in a release. "We have built the strongest foundation to tackle AI's data challenges and push the boundaries of what's possible." Meta chief Mark Zuckerberg recently touted the tech firm's generative artificial intelligence (Gen AI) assistant, telling shareholders it is used by a billion people each month across its platforms.
Fashion Network
7 hours ago
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
