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Is the Met Gala Protest-Proof?
  + stars: | 2024-05-07 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
If ever a Met Gala seemed primed to clash with its political moment, it was the 2024 Met. On the one hand, there was the event: the most opulent, extravagant, expensive party of the year, where a single ticket cost a whopping $75,000 — 50 percent more than last year’s ticket and more than $15,000 more than the average American salary. On the other hand, there was a city roiled by student protests over the war in Gaza and rived by the country’s first criminal trial of a former president, and a sponsor (Condé Nast) in a fight with its employees over their union. Even the evening’s dress code seemed to acknowledge the dichotomy: “The Garden of Time,” the title of a J.G. Ballard short story about an aristocratic couple isolated in their mansion as an unruly mob draws ever closer, brandishing sticks and tools and a threat to their way of life.
Persons: Condé Nast, Ballard, , ” Andrew Bolton Organizations: Institute Locations: Gaza
20 Unforgettable Looks at the Met Gala
  + stars: | 2024-05-07 | by ( The Styles Desk | ) www.nytimes.com   time to read: +1 min
By Monday morning, the answer to one of the biggest questions looming over the Met Gala at the Metropolitan Museum of Art in New York had emerged. Would members of the union representing employees of Vogue and other Condé Nast publications proceed with threatened disruptions to the gala orchestrated by Vogue editor Anna Wintour? No: A tentative contract agreement between Condé Nast and union leaders was reached hours before the event. — were only answered as attendees started stepping out of Sprinter vans to make their way into the gala, known formally as the Costume Institute Benefit. Among them: Floral prints and embellishments, elaborate headpieces and skin-revealing outfits that skewed more Garden of Eden.
Persons: Condé, Anna Wintour, Condé Nast, Emily Ratajkowski, Pamela Anderson, Dan Levy Organizations: Metropolitan Museum of Art, Vogue, Condé Nast, Institute Locations: New York, Eden
On Monday night, the Metropolitan Museum of Art will play host to one of the biggest fund-raising events and starriest parties of the year: the annual Costume Institute Benefit or, as it’s been known for years, the Met Gala. The event, which raises millions of dollars for the museum’s self-funding fashion wing, has become known for its audacious red carpet, with a highly exclusive guest list handpicked by Anna Wintour, the longtime Vogue editor and Condé Nast executive. But this year’s event has been unusually shadowed by drama. The union representing employees of Condé Nast publications including Bon Appétit, GQ, Vanity Fair and Vogue escalated the stakes in its long-running contract negotiations on Saturday, telling the company in a video posted on X that if management didn’t meet the union at the bargaining table, its members would “meet you at the Met,” setting up the possibility of a picket line during Vogue’s biggest night. A representative from the New York Police Department said that there were no street closures planned and that the police would have “an adequate security deployment.”
Persons: it’s, Anna Wintour, Condé Nast, Bon Appétit, didn’t Organizations: Metropolitan Museum of Art, Vogue, New York Police Department
Read previewThe labor union representing Condé Nast employees reached a tentative agreement with the company, hours before the union was set to strike ahead of one of fashion's biggest events of the year, the Anna Wintour-cohosted Met Gala. AdvertisementThe win is bittersweet for some union members. Union members who spoke with Business Insider expressed relief and elation over the contract achievement and resulting employment benefits at Condé Nast, historically known for its low starting pay. Related stories"There's just not going to be any more, 'You're going to make 30 grand a year and work your fingers to the bone,'" said one Condé Nast staffer. "I'm definitely thinking about layoffs," a second Condé Nast staffer said.
Persons: , Condé, Anna Wintour, cohosted, repped Condé, Roger Lynch, There's, Condé Nast, couldn't, Nast, Mark Alan Burger, we're Organizations: Service, Condé Nast, Business, Union, Vogue, GQ, New York, Metropolitan Museum of Art Locations: New York, New York City, Bon, Union
Live Updates: The 2024 Met Gala Is Here
  + stars: | 2024-05-06 | by ( Louis Lucero Ii | ) www.nytimes.com   time to read: +2 min
Although the guest list for the gala is kept strictly under wraps, some famous faces are a surer bet than others. Bad Bunny, Chris Hemsworth, Jennifer Lopez and Zendaya will all be joining Ms. Wintour as co-chairs of the event. The dress code for the gala on Monday night is “Garden of Time,” an apparent reference to a 1962 short story by the British writer J.G. Ballard in which aristocrats living in a walled estate are menaced by the advance of a violent rabble. But the theme also nods to the subject of the spring exhibition, titled “Sleeping Beauties: Reawakening Fashion.”
Persons: it’s, Anna Wintour, Condé Nast, Bon Appétit, didn’t, Chris Hemsworth, Jennifer Lopez, Zendaya, Wintour, Rihanna, J.G, Ballard Organizations: Metropolitan Museum of Art, Vogue Locations: New York City, British
The Met Gala is home to some of history's biggest fashion and pop-culture moments. Zendaya's Joan of Arc-inspired look from 2018's Gala remains one of her most iconic fashion moments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Throughout the years, the Met Gala has transformed into a multimillion-dollar fundraiser — last year's event reportedly raised $22 million — filled with unforgettable fashion, controversies, and canon-level pop-culture moments. AdvertisementAs the world awaits all that this year's party has to offer on May 6, here's a look back at 10 memorable moments in Met Gala history.
Persons: Taylor, Joan of Arc, , What's, Eleanor Lambert, who's, Diana Vreeland, Pat Buckley, Anna Wintour, Condé Nast, Wintour Organizations: Service, New York, Metropolitan Museum, Art's, Vogue, Party
Less than a day before celebrities were set to arrive at the Metropolitan Museum of Art for the Met Gala, the union representing employees of Vogue and other Condé Nast publications indicated that its members were ready to walk off the job on Monday over contract negotiations, potentially snarling the biggest night of the year for the magazine and its editor in chief, Anna Wintour. In a vocal in-person and social media campaign leading up to the event, which is co-hosted by Ms. Wintour and costs $75,000 per person, the Condé Nast Union pledged to continue to take action as needed to bring the publisher to the bargaining table. In a post on X, the union warned on Saturday night that management could “meet us at the table or meet us at the Met on Monday.”The threat of a protest at what is sometimes called “fashion’s biggest night out” comes after over a year of bargaining for union members to create their first contract. In addition to establishing just cause as the basis for firing employees, the organizers are hoping to avoid layoffs proposed in November that they said would affect 17 percent of union members, or nearly 100 employees.
Persons: Condé Nast, Anna Wintour, Wintour, Organizations: Metropolitan Museum of Art, Vogue, Condé Nast Union, Met
Lauren Sánchez may make her Met Gala debut on Monday, according to reports. AdvertisementLauren Sánchez is poised to walk the Met Gala red carpet for the first time on Monday, if media reports are to be believed. Page Six also previously reported that Met Gala host and Condé Nast chief content officer Anna Wintour was wooing Sánchez to attend. AdvertisementThe theme of this year's Met Gala is "Sleeping Beauties: Reawakening Fashion," according to Vogue, and the dress code has been dubbed "The Garden of Time." Sánchez is a rising fashion star, Business Insider's Amanda Krause previously reported, with her style evolving in recent years.
Persons: Lauren Sánchez, Jeff Bezos, , Amy Odell, Page, Condé, Anna Wintour, Sánchez, she'd, Bezos, Amanda Krause, Keith McNally, Chrissy Teigen, Jessica Seinfeld, Stephanie Ruhle Organizations: Service, Condé Nast, Vogue, House, NYC Locations: Sánchez, Instagram
Although the Met Gala serves as a branding event for Vogue, it has long accepted sponsorships from the tech giants that have threatened the very survival of legacy media publications. Jeff Bezos, the Amazon founder, appeared as the ball’s honorary chair in 2012. Four years later, when Apple was a Met Gala sponsor, its chief executive, Tim Cook, showed up in tux and tails. And Instagram supplied cash in 2022. In the wake of that political firestorm, Shou Chew, the 41-year-old chief executive of TikTok, is expected to join dozens of celebrity guests at the Metropolitan Museum of Art in Manhattan on Monday evening.
Persons: Jeff Bezos, Apple, Tim Cook, TikTok, goliath, Condé Nast, Biden, Shou Chew Organizations: Vogue, Amazon, Metropolitan Museum of Art Locations: United States, Manhattan
What was supposed to be a yearlong $140,000 renovation ballooned into three excruciating years that cost us more than $500,000 — and the work is still not finished. But as my husband and I soon discovered, unless you've made a plan, legal protections for homeowners are close to nonexistent. Every time our contractor turned up the temperature, we grimly adjusted to the reality of our demise. Knowing the cardinal rule of home renovation — never pay in full until the job is over and inspected — we grew suspicious. Despite completing several home-improvement and renovation projects with her husband over the years, she lacked the confidence to DIY the renovation of her newly purchased 6,500-square-foot home.
Persons: Arcadis, you've, Christine Chitnis, wasn't, It's, We've, Amanda Jane Jones, Jones, David Jensen, Greenberg Traurig, He'd, Jensen, Lisa DiAntonio, DiAntonio, hadn't, what's, Condé Organizations: Homeowners, Harvard's, for Housing Studies, Department of Business, American Institute of Architects, Vogue, The New York Times Locations: Rhode Island, North America, Northern Michigan, Michigan, Utah, New Jersey, Andover , Massachusetts
The Phoenician and Hermosa Inn are among Arizona's top luxury hotel offerings. I stayed in both and had two completely different experiences. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: , Condé Organizations: Service, Business Locations: Scottsdale , Arizona, Hermosa, Arizona, Scottsdale, Phoenix
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. So in the meantime, the Condé Nast Union members have been assigned in recent weeks to a "centralized team" under Chris DiPresso, VP of content finance and operations. They were given assignments they were told were consistent with their skills, but not given firm deadlines or told what they were meant for. Condé Nast CEO Roger Lynch in November said the company would lay off 5% and shift focus to support short-form video, subscriptions, and e-commerce. Some believe the company is using the "rubber room" move to demoralize people and get them to leave the company on their own.
Persons: , Chris DiPresso, Slack, Delia Cai, Ina Garten, Cai, Condé, Roger Lynch, Bon, Condé Nast Organizations: Service, Vogue, Condé Nast Union, Business, New York, Washington Post, Disney, Warner Bros Locations: New York City, Hollywood
Four years after a racial reckoning roiled Condé Nast's Bon Appétit, insiders worry that planned cuts could undo a fragile rebuilding effort. Included in that figure are 94 members, or 17%, of Condé Nast Union, which covers around 550 people across a dozen titles, including Vanity Fair, Vogue, and GQ. The Test Kitchen also benefited from a home cooking boom in the pandemic. But by August 2020, 10 of 13 members of the Test Kitchen had left. Members of the BA Test Kitchen in February 2020.
Persons: Bon Appétit, Condé, Roger Lynch, Adam Rapoport, that'll, Claire Saffitz, Brad Leone, Roy Rochlin, Rachel Gurjar, Kendra Vaculin, Dawn Davis, Sonia Chopra, Davis, Monica Schipper, they'd, Jamila Robinson, James Beard, Jeff Schear, Condé Nast, Lynch, Robinson, Slack, Delia Cai, Ina Garten Organizations: Condé, Condé Nast Union, Vogue, Business, YouTube, Labs, James, The New York Times, Philadelphia Inquirer, Union, New York, Employees Locations: Condé Nast, New York City, Caribbean, Seoul, Hollywood
CiCi has worked as a flight attendant at a major airline for six years. She shared the biggest mistakes she sees passengers make when packing a carry-on suitcase. AdvertisementAfter working as a flight attendant, CiCi has a newfound love for both the sky and packing suitcases. Prior to being a flight attendant, CiCi told Business Insider that she owned companies and worked in real estate. Here are the common — and avoidable — mistakes CiCi sees.
Persons: CiCi, , she's, Condé Organizations: Service, CiCi
Warner Bros. Discovery said on Monday that two members of its board of directors, Steven Newhouse and Steven Miron, had stepped down after the company learned about an investigation into whether their presence on the board violated antitrust law. Federal law forbids most corporate officers and board members to simultaneously serve on the boards of their competitors. Mr. Newhouse and Mr. Miron are both executives at Advance, a private, family-held business whose holdings include the Condé Nast glossy magazine empire that publishes titles such as Vogue and The New Yorker.
Persons: Discovery, Steven Newhouse, Steven Miron, Newhouse, Miron Organizations: Warner Bros, Advance, Vogue Locations: Yorker
Unlike Obama and Clinton before him, Biden is running against a candidate only a few years his junior. It was a twist on how Clinton answered a question about Dole's age during the second presidential debate in 1996. There is not much precedent for the event Biden's campaign is putting on Thursday. Obama, Biden and Clinton will inevitably go down memory lane during a discussion moderated by comedian Stephen Colbert. Aside from private conversations, Biden also often directs his top aides to follow up with Obama or Clinton on various topics of conversation.
Persons: Barack Obama, Joe Biden, Bill Clinton, Robert Byrd, George H.W . Bush, Bob Dole, John McCain, , Biden, Obama, Clinton, Still, Dole, McCain, Seth Meyers, Donald Trump, Sen, Scott Reed, Reed, Mike Pence's, — McCain, Mark Salter, George W, Bush, Hillary Clinton, Salter, McCain's, Mindy Kaling, Jill Biden, Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, Lea Michele, Annie Leibovitz, Harris, Jeffrey Katzenberg, Rufus Gifford, Chris Korge, Condé, Anna Wintour, Julie Chavez Rodriguez, DJ D, Stephen Colbert, Jeff Zients, Anita Dunn, Steve Ricchetti, Bruce Reed, Jen O'Malley Dillon, Mike Donilon, Ricchetti Organizations: West Virginia State Capitol, NBC, NBC News, Democratic, Radio City Music Hall, Biden, Biden Victory Fund, DJ, Affordable, Trump, he's Locations: Charleston , West Virginia, New York, New Hampshire
Why Nora Turato is taking on the wellness industry
  + stars: | 2024-03-26 | by ( Victoria Woodcock | ) edition.cnn.com   time to read: +6 min
stop lying!” — a solo show at Sprüth Magers’ Los Angeles gallery, and a riposte to the wellness industry. Robert Wedemeyer/Courtesy Sprüth MagersAt the latter in 2022, she performed her one-woman “pool 5” monologue live more than 20 times over a two-week period. Born in Zagreb, Turato refers to her home country as “very in-between — not really eastern Europe; not really west,” she said. Robert Wedemeyer/Courtesy Sprüth MagersFor Sprüth Magers co-founder Philomene Magers, “Nora’s work puts people in front of a mirror,” she said. Tellingly, Turato’s self-optimization journey has ended in digital detox.
Persons: Nora Turato, , , Zoom, Robert Wedemeyer, Barbara Kruger, , Magers, Philomene Magers, it’s, haha, Turato, Julie Adams, It’s, — “, You’ve, “ I’ve Organizations: CNN, YouTube, Museum of Modern Art, Hollywood, Systems, Locations: Croatian, Los Angeles, Amsterdam, New York, Zagreb, Croatia, Arnhem, Netherlands, Turato, Europe, , LA
Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst. Investors continue to rally behind Reddit despite New Street Research issuing a neutral rating on the company "after the stock goes to the moon," analysts wrote in a note that was published Tuesday. Investors expect such a deal "to be added soon," considering OpenAI CEO Sam Altman maintains a 9% stake in Reddit. It also recently entered into an expanded partnership with Google, allowing the search giant to access more Reddit data to train its AI models. Meanwhile, some Reddit users took to the company's various finance-related subreddits on Tuesday to discuss the company's rising shares since its IPO.
Persons: Steve Huffman, Sam Altman, Altman, Condé Nast, Reddit, Reddit's, I've, I'd, Dash Organizations: New York Stock Exchange, New, Research, Investors, Advance Magazine Publishers, Google, Federal Trade Commission, FTC, GameStop, Nasdaq, Trump Media & Technology Group Locations: New York City, Reddit's, Reddit, pontificating
Reddit went public on Thursday after raising $748 million in its IPO. CEO Steve Huffman and Sam Altman and his network of investment firms are some who profited the most. Reddit is the most recent tech company to debut in the public markets as Wall Street watches to gauge the dormant IPO market. The company, founded in 2005 by Steve Huffman and Alexis Ohanian, had been rumored to go public over the past several years. However, the market has been shaky for the past two years, causing several companies to put off pursuing IPOs because of less-than-desirable macro conditions.
Persons: Reddit, Steve Huffman, Sam Altman, Alexis Ohanian Organizations: Business
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.
Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit
AdvertisementIt's easy to write gloomy stories about the state of the media business. The media business is often pretty gloomy! This one is about a very Old World Media Company that has struck gold in digital media — one of the very few times that has ever happened. (While we're in disclosure mode, I should note that Business Insider itself is a digital media company acquired by German media conglomerate Axel Springer in 2015. AdvertisementMaybe a worthwhile playbook the next time — and there will be a next time — a big media company opens its wallet for a digital upstart again.
Persons: Condé Nast, , Reddit, Time Warner, Axel Springer Organizations: Advance, Service, World Media Company, Vogue, Yorker, Big Media, News Corp, MySpace, Penguin, YouTube, Maker Studios, Disney, Fox, Time, Comcast, NBC, Vox Media Locations: Reddit
The ChatGPT maker announced this week it had struck partnerships with two major European media organizations: France's Le Monde and Spain's Prisa Media. This story is available exclusively to Business Insider subscribers. This is a "threat" to GooglePublishers who've signed agreements with OpenAI say they hope the partnerships will bring new life to their business. By wooing users with a better interface, OpenAI could threaten Google's dominance over online search, Zaman said. OpenAI did not immediately respond to a request for comment from Business Insider.
Persons: , OpenAI, Brad Lightcap, Axel Springer, Roger Lynch, Condé Nast, Google Publishers who've, Le Monde, Tauhid Zaman, Zaman, Hugh Martin Organizations: Service, Prisa, Business, Politico, CNN, Fox Corp, Bloomberg, ChatGPT, Yorker, Wired, The New York Times, Microsoft, Google Publishers, Google, Facebook, Media, Yale School of Management, Publishers, Scripps School of Journalism, Ohio University Locations: OpenAI
CNN —Deadspin, the irreverent sports and news site best known for its commentary and analysis, laid off all of its staff on Monday after the outlet was sold to a startup firm. A G/O Media spokesperson confirmed that 11 Deadspin staffers were impacted by the move on Monday. Last year, G/O Media also sold Jezebel to Paste Magazine after briefly shutting down the publication and laying off its entire staff. The slashing of Deadspin’s staff is the latest in what so far has been a tumultuous year for the news media. TIME also laid off 15% of its unionized editorial staff and The Los Angeles Times cut over 20% of its newsroom staff.
Persons: CNN — Deadspin, Jim Spanfeller —, , Spanfeller, ” Spanfeller, , Deadspin’s, , Condé Nast, Forbes Organizations: CNN, Publishing, Media, O Media, Magazine, Vice Media, TIME, Los Angeles Times, Condé, The New York Daily News Locations: newsrooms
Reddit to raise nearly $750 million in upcoming IPO
  + stars: | 2024-03-11 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +2 min
Reddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media company is seeking a valuation of about to $6.5 billion. The company plans to sell about 22 million shares between a range of $31 to $34 per share, according to a corporate filing released Monday. Investors are closely watching Reddit's upcoming IPO, which will be this year's first major tech stock launch and the first social media IPO since Pinterest went public in 2019. Reddit's annual sales in 2023 were $804 million, which was a 20% year-over-year increase from $666.7 million, according to the company's S-1 filing. It also recorded a net loss of $90.8 million for 2023, which was narrower than the $158.6 million net loss it logged in 2022.
Persons: Reddit, Redditors, Pinterest, Sam Altman Organizations: New York Stock Exchange, Securities and Exchange Commission, Tencent, Advance Magazine Publishers Locations: Los Angeles , California
See inside Karl Lagerfeld’s many glamorous homes
  + stars: | 2024-03-06 | by ( Suyin Haynes | ) edition.cnn.com   time to read: +10 min
CNN —Fashion writer Patrick Mauriès first met Karl Lagerfeld in 1981, after he quoted the fashion designer in a short book he had written about contemporary fashion and culture. As Lagerfeld became more of a public figure in the 1990s and 2000s, he increasingly sought homes that could act as retreats, said Mauriès. Fotex/Shutterstock/Courtesy Thames & HudsonIn keeping with Lagerfeld’s constant need for change, there is little left of the homes and interiors featured in the book. Georges Kelaïditès/Roger-Viollet/TopFoto/Courtesy Thames & HudsonAlso in his Rue de l’Université residence, Lagerfeld poses in his sitting room for a photo spread published in a German magazine, circa 1972. Horst P Horst/Condé Nast/Shutterstock/Courtesy Thames & HudsonHere, the designer poses for a photo at the work desk in his office space.
Persons: Patrick Mauriès, Karl Lagerfeld, Lagerfeld, Chanel, Mauriès, , “ Karl Lagerfeld, Marie Kalt, Lagerfeld’s, l’Université, Pozzo, Borgo, Monte, Ettore Sottsass, Vila Jako, Jacques de Bascher, Swedish Grace, Jacques Schumacher “, , ” Lagerfeld, Kalt, Michael Graves, Rue de l’Université, Georges Kelaïditès, Roger, Max Scheler, Germain, Horst P Horst, Condé Nast, Hudson Lagerfeld, Villa La Vigie, Schorr, Jacques Schumacher, Jeff Koons, Joana Vasconcelas, François Coquerel, Jerome Galland, Villa Louveciennes Organizations: CNN, Hudson Each, Deco, Memphis Group, ancien, Hudson, Monaco, Rue de Lille, Rue de, de, & Hudson, Saint, Villa La, Hudson Lagerfeld's, Rue des Saints Pères Locations: Europe, Paris, Monte Carlo, Rome, Hamburg, Italian, Swedish, Monte, Sotheby’s, American, Rue, Roquebrune, France, Voisins
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