Telegraph Lays Off 55 Employees, Including Senior Fashion Staff

LONDON, United Kingdom — BoF has learned that the London-based Telegraph is laying off 55 people from the newspaper’s staff, as part of a round of cuts being made today and tomorrow. The redundancies will heavily impact the publication’s fashion department and include Daniela Agnelli, fashion director of the Telegraph Magazine, the newspaper’s deputy fashion editor Luke Leitch, fashion director of Stella magazine Charlie Harrington, and Frankie Graddon, junior fashion editor of Stella magazine.

The Telegraph was not available to comment.

The news follows the announcement last week that Condé Nast has eliminated more than 50 staffers from the company’s media group, reducing its size by at least 25 percent.

Kate Abnett

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Rihanna Took Her Drop-Crotch Sweats Out On The Town

Thanks to the athleisure trend that currently has a hold on runways and retailers alike, it's no longer taboo to wear sweatpants out and about. (For proof, look no further than J.Crew, which is currently peddling the loungewear silhouette in pinstriped wool).

Rihanna's no stranger to rocking gym-going gear on the street, but her latest look involving sweats, a slouchy T-shirt, and Nike sneakers manages to be fancy enough for a night out at Nobu (which is how Rih spent her evening) and comfy enough for hours of Netflix (how we spend many of ours).

These may look a whole lot like the elastic-ankle sweats you wear to bed, and they probably feel like them, too. But, the sophisticated design details and all-black colorway — a major upgrade from heather gray — really make a difference. Point being: This look's a great idea even if you don't have plans to dine at an exclusive West Hollywood sushi joint tonight.

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Rihanna's really feeling pink these days.

They look fancy but they feel like PJs.

In case you need a reminder that the Bad Gal is, in fact, rad.

Edgy creepers meet classic sneakers.

Between the chic sweats and the luxe backpack, Rihanna looks like what we wish we looked like in college.

See? Pearls can be cool.

Tossing a perfectly tailored leather jacket over your shoulders is a no-fail way to upgrade any look. Even sweats.

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How To Wear All The Dead Weight In Your Closet

Even the most meticulous of closet cleaners has a dedicated area where rarely worn clothes live in purgatory. There's nothing ostensibly wrong with these clothes — they fit, they're free of rips and stains, and they've served you well in the past — but you can't see beyond how you used to wear them to figure out what to do with them now. After all, Model UN doesn't consume your life anymore, your college is now your alma mater, and you can't remember the last time your Friday evenings revolved around picking out the perfect "going-out" top. Your style's shifted gears, but that doesn't mean that you're ready to let go completely.

You know what's coming up, right? You don't have to let go. You can hold onto your oldies, and turn them back into goodies as long as you approach them with a fresh set of styling tricks. From those "business casual" pants you used to rely on to make you look grown-up to that cold-weather topper you may or may not have bought after a certain Gossip Girl, these closet curveballs deserve a second chance. Here's how to give it to them.

Last time we talked about how to re-wear your crew neck sweatshirt from college, we mentioned that we had no clue about the hooded versions. But, nearly two years later, we got a clue.

Treat your hoodie like you would a funnel-necked sweater, and wear it by layering another jacket over it that's got a shawl-like neck (like a car coat or blazer). On the bottom, wear a pair of pants that's deliberately fashion-forward, like chic trousers or patchwork jeans. Keep your shoe casual (but cool), and opt for a bigger bag that's still got some structure. (By the way, go Bears!)

The bandage skirt was the Main Amigo to your arsenal of "going out" tops. Perfectly neutral but still hot, this skirt feels a bit too much (or, if you look at it another way, little) for your evenings out these days.

But, do like Preen's fall 2014 collection and wear a tight mini over a loose, flowing dress. If you don't have a long-sleeved, ankle-length silk gown in your closet, any dress that has a full skirt and sleeves, and hits below the knee will work. Make the mini feel more substantial by cinching it on top with a wide, black belt.

So. Remember this? You used to wear these with your waterfall cardigans, skinny jeans, and heeled knee-high boots, and consider yourself a regular Carmen Kass. These days, think about making this an accent, not the showpiece.

Worn underneath a longer layer, a flash of faux fur is an on-trend and practical way to make your fall and spring jackets winter-appropriate. We love the look of a sophisticate-meets-sports-star combination.

Whenever the dress code called for business casual, this was your anchor piece, and together with an assortment of slim-fit cardigans, waist-nipped button-ups, and sensible flats it helped establish the Pam Beesly era of your life. No more.

This slightly wide, slightly long cut (with a slightly too-low rise) makes the perfect Céline-esque trouser for a chunky turtleneck and low-pro white sneakers. Accessorize with a charming crossbody and big sunglasses, and expect to get compliments from fellow Philo fanatics.

You might still wear a plaid shirt on super-casual afternoons, but you no longer rely on the checkered staple as often as you used to. (Remember bar-hopping in this and the bandage skirt?) Now, age it up with some creative layering.

Those split-side sweatdhirts make for the perfect top layer of a printed button-up, and a plaid shirt looks seasonal when peeking out from the sides of your outfit. Pair with slouchy pants and an ankle boot for a prettier take on your weekend uniform.

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Luxottica Appoints Grassi CFO in Latest Management Reshuffle

MILAN, Italy — Luxottica Group SpA named Stefano Grassi as chief financial officer, the latest executive appointment following two CEO resignations in as many months.

Grassi will join co-CEOs Adil Mehboob-Khan and Massimo Vian at the top of the world’s biggest eyeglass maker, the Milan- based company said in an e-mailed statement today. Luxottica reported net income of 162 million euros ($207 million) in the third quarter, topping the average analyst estimate of 157 million euros.

Luxottica is in the midst of boardroom upheaval following the resignation of Enrico Cavatorta after disagreements on corporate governance. Cavatorta’s departure came on the heels of Andrea Guerra’s resignation in September after a decade at the helm.

By Celeste Perri; editors: David Risser, Marthe Fourcade.

Ralph Lauren Posts Upbeat Q2 Earnings

NEW YORK, United States — Ralph Lauren Corp. on Wednesday reported fiscal second-quarter earnings of $201 million.

On a per-share basis, the New York-based company said it had profit of $2.25.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.

The upscale clothing company posted revenue of $1.99 billion in the period, which missed Street forecasts. Analysts expected $2.02 billion, according to Zacks.

Ralph Lauren shares have dropped 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 8 percent. The stock has decreased 4.5 percent in the last 12 months.

8 Things You Need To Know This AM

We're one day away from Halloween, so here are all the costumes Sabrina wore in the opening credits of Sabrina the Teenage Witch.

What's it take to go from emerging designer to household name? Target and the CFDA take a crack at figuring out the formula.

Starbucks is releasing a drink called the Franken Frappuccino for Halloween. The Green Tea Frappuccino comes with peppermint syrup, white chocolate sauce, java chips, whipped cream, and a mocha drizzle.

Your daily fit tip: If you wear heels, you need to read this. It'll save your ankles.

Quit wasting time and money on the wrong shampoos. This is the right one for your hair type.

Is Hillary Clinton getting another Vogue cover?

University of Sydney professor Dianna Kenny punched the numbers and found that popular musicians do tend to die younger than non-famous folks.

Finally, if the first thing you thought this morning was, "Yessssss, it's Serial day," you're not alone.

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