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Fashion in 50 Seconds 03/15/10 Gisele's Eleventh Vogue Cover, Richemont to Acquire Net-a-Porter

Fashion in 50 Seconds 03/15/10 Gisele's Eleventh Vogue Cover, Richemont to Acquire Net-a-Porter

Gisele Bundchen lands her 11th cover for Amercian Vogue's April shape issue.

Richemont is in bids to acquire Net-a-Porter. The Swiss group looks to add the online retailer to stable of luxury goods including Chloe, Alaia, Cartier, and Van Cleef & Arpels.

John Galliano will become the next chairman of London's Fashion Fringe. He follows Donatella Versace.

Rumors resurface that Karl Lagerfeld has not renewed his contract at Chanel and Lanvin's Alber Elbaz will take over as his successor.

Terry Richardson is working on a relaunch of his website "to have films and sell things like T-shirts," according to Richardson. The photographer is also focused on two new books, including a second installment of TerryWorld by Taschen.

Source: Patrick Demarchelier/Vogue

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