Style Notes: Gisele Still Highest-Paid Model; Abercrombie & Fitch to Close 60 Stores
In case you missed it.
Gisele Tops Forbes Highest-Paid Model List [Forbes]
Gisele Bundchen has once again topped Forbes' list of highest-paid models in the world with an annual income of 30.5 million. Though she's technically retired from the runway, the Brazilian babe still rakes in almost three times the annual salary of the second highest-paid model, fellow Brazilian Adriana Lima, who takes home 10.5 million per year. Kendall Jenner and Karlie Kloss tied for third place with $10 million a piece, and Gigi Hadid made her debut on the list at No. 5 with a $9 million paycheck.
Abercrombie & Fitch Turnaround Process Hits Speed Bump [Fortune]
Since the departure of controversial CEO Mike Jeffries in 2014, Abercrombie & Fitch has been working to ditch its sexy teen reputation with new marketing as well as design strategies. Though Wall Street had high hopes for the turnaround process, the company failed to meet its expectations for the second quarter. As a result, shares fell 20 percent and Abercrombie & Fitch announced that they would be closing 60 stores.
Rei Kawakubo Rumored to Be Subject of Next Costume Institute Exhibit [WWD]
Fashion industry enigma Rei Kawakubo is rumored to be the subject of an upcoming solo exhibition at the Metropolitan Museum of Art next spring. Should the rumor prove true, it would only mark the second time that the Met had dedicated a show to a living fashion designer, the first time being the 1983 Yves Saint Laurent exhibition. With her avant-garde creations, most of which are rooted in neorealism and futurism, the 73-year-old Comme des Garcons designer certainly has an archive worthy of display.
Bonobos Enlists Bulls Point Guard Jimmy Butler for New Campaign [Pret-a-Reporter Inbox]
Following his gold medal win in Rio this past month, Chicago Bulls point guard Jimmy Butler already has another gig lined up. The 26-year-old is the star of Bonobos' new "Wear No Doubts" campaign video, in which he muses about his personal style with one liners like, "I walk the walk of a man who isn't afraid to wear floral," and "I'm comfortable in my own skin, but a man can't walk in public in his skin alone."