These are the stories making headlines in fashion on Thursday.
Jay-Z’s MarcyPen Capital Partners May Acquire 50% Stake in Fenty Beauty
MarcyPen Capital Partners — an investment platform co-founded by Jay-Z, D’Rita and Robbie Robinson — may acquire a 50% stake in Rihanna’s Fenty Beauty from LVMH, Puck reported on Wednesday. The transaction could be signed within the next three to four weeks. Terms of the deal were not disclosed. Since its successful 2017 launch, Fenty Beauty has been in decline for several years as competition in the celebrity-founded beauty brand space grows. {Puck/paywalled}
How Emerging Designers Approach Celebrity Placements
While celebrity placements earn emerging designers notoriety early on in their careers, it can also be difficult for rising brand founders to stay on top of the fast-paced celebrity style news cycle. Emerging designers need to carefully select which stars reflect their established brand aesthetic. Capacity is limited for small designers to fulfill celebrity requests, but the right moment can pay off in sales: When Dua Lipa wore a Julie Kegels look last year, the designer said it sold out on the brand’s site “in a second”. {Vogue Business/paywalled}
Apple Martin Makes Runway Debut at Chloé
Apple Martin, the daughter of Gywneth Paltrow and Chris Martin, made her runway debut at Chloé’s Spring 2027 show in Paris on Thursday. Martin previously appeared in Chloé’s À La Plage campaign earlier this summer, so walking in the brand’s show was an expected next step. {Dazed}
Telfar to Host Its Largest Sample Sale Yet
Telfar is hosting a sample sale from Tuesday, Oct. 6 through Sunday, Oct. 11 at 1 Hanson Place in Brooklyn. More than 30,000 garments and bags will be priced at up to 90% off. The label is also launching Bag Redemption, a program allowing customers to bring in their existing Telfar bags (regardless of age or condition) and redeem them toward a new bag or wardrobe. Doors open at 10 a.m. on Oct. 6. At 11 a.m., guests will be part of Telfar’s 2027 Paris Runway presentation with hosts and a surprise performance. {Fashionista inbox}
Levi Strauss & Co. Names New CFO
Levi Strauss & Co. has named John Vandemore its executive vice president and chief financial officer, effective Nov. 1, 2026. Vandemore joins from Skechers U.S.A., Inc., where he served as CFO for the past nine years. He succeeds Harmit Singh, who announced his retirement from his role as executive vice president and chief financial & growth officer in April. {Levi Strauss & Co.}
Patek Philippe to Remain Independent, Owner Says
Luxury watch manufacturer Patek Philippe is not for sale, according to owner and president Thierry Stern. He said he plans to hand the multi-billion dollar business to his two sons, though he did not specify when. Stern noted that his “target is to stay independent,” as his family has owned the company since 1932. {Business of Fashion/paywalled}
