These are the stories making headlines in fashion on Tuesday.
Alexa Demie Covers i-D‘s New Zine
Photo: Courtesy of i-D Magazine
Alexa Demie is the cover star for i-D‘s new, limited-edition print zine. Photographed by Petra Collins and styled by Brynn Jones, Demie wears 1930s gold lamé wings, a 1950s showgirl cape as a skirt and Fruity Booty underwear on the cover. In conversation with Ottessa Moshfegh, Demie talks starring in “Euphoria,” grappling with fame and her own introversion. The limited-edition zine is available now at i-D.co, and will be available at Architecture Books in L.A. on June 5 and at Climax in New York City on June 9. {Fashionista inbox}
Black-Owned Brand Founders Feel Alienated by Target
Target has pulled back from diversity, equity and inclusion initiatives in recent years, leaving some Black-owned brand founders feeling alienated. Brands like Afro Unicorn, Alikay Naturals and Oyin Handmade have disappeared from the retailer’s shelves. Some brands may have been removed from Target due to their sales performance. Target is adding new Black-owned brands to its assortment (like KBB by Kahlana), but it has burned bridges with many others. {Modern Retail/paywalled}
Victoria’s Secret & Co. Q1 2026 Sales Jump 15%
Victoria’s Secret & Co. shared its Q1 2026 results on Tuesday, which showed a 15% bump in sales to $1.56 billion. This places the company above its guidance range of $1.49 billion to $1.53 billion. Victoria’s Secret & Co. reported operating income of $76 million in Q1 2026, compared to its Q1 2025 operating income of $20 million. {Victoria’s Secret & Co.}
McQueen Has a New CEO
Kering has appointed Gianfranco D’Attis as Alexander McQueen‘s CEO, effective June 3. D’Attis previously served as Prada‘s CEO, oversaw Christian Dior Couture in the U.S. and has held senior positions at brands like Jaeger-LeCoultre and Chloé. D’Attis succeeds Gianfilippo Testa, who will leave the group later this year, according to Kering. {Business of Fashion/paywalled}
Estée Lauder, Puig Merger Fell Through Due to Cost
The potential merger between The Estée Lauder Cos. and Puig fell through because of the price tag, according to Estée Lauder President and CEO Stéphane de La Faverie. He added that the company is still open to acquisitions if they make financial sense. “If we cannot reach the growth and the profitability at the right price point, then that is not an option,” de La Faverie said at a Deutsche Bank consumer conference in Paris. “And this is why, obviously, this deal didn’t go through, because it was not at the right price.” {Reuters}
