Must Read: Big Tech Wore Indie Designers to the Met Gala, James Murdoch Is Reportedly in Talks to Buy 'New York' Magazine

Must Read: Big Tech Wore Indie Designers to the Met Gala, James Murdoch Is Reportedly in Talks to Buy 'New York' Magazine

Fashion news

These are the stories making headlines in fashion on Thursday.

Big Tech Wore Indie Designers to the Met Gala

Instagram CEO Adam Mosseri wore Kartik Research, while VP of Fashion Eva Chen wore Proenza Schouler. Stewart Butterfield (Slack CEO) and Selby Drummond (founder of tech venture firm Plum Alley) both wore Conner Ives. Charles Porch, OpenAI’s VP of global creative partnerships, wore Kallmeyer’s first-ever men’s look. “Opting for an emerging name signals a level of investment in fashion’s rising stars, rather than its established houses,” Madeleine Schulz writes for Vogue Business. {Vogue Business/paywalled}

James Murdoch Is Reportedly in Talks to Buy New York Magazine

James Murdoch is in “advanced talks” to buy Vox Media’s New York magazine and podcast division, The Wall Street Journal reported on Tuesday. The deal, which is through Murdoch’s Lupa Systems investment company, isn’t yet final. A challenging advertising market, changes in search traffic and increased competition have forced companies like Vox to recalibrate. {The Wall Street Journal}

Hailey Bieber Stars in Alaïa’s Latest Campaign

Photo: Tyrone Lebon/Courtesy of Alaïa

Hailey Bieber is the star of Alaïa’s Summer/Fall 2026 campaign titled “Archetypes.” The beauty entrepreneur was photographed by Tyrone Lebon at his London gallery, Graces Mews, under the creative direction of Pieter Mulier. {Fashionista inbox}

Tapestry Sees 21% Revenue Boost in Q3 2026

Tapestry, Inc. reported its Q3 2026 results on Thursday, which showed a 21% increase in revenue to $1.9 billion. Coach led this growth, as the Gen Z-beloved brand saw a 31% bump in Q3 sales to $1.7 billion. Tapestry is raising its Fiscal 2026 outlook, now aiming to achieve revenue in the area of $7.95 billion. {Tapestry, Inc.}

Crown Affair Raises Series C Funding Round

Hair-care brand Crown Affair has raised a Series C funding round of undisclosed size led by Stride Consumer Partners. This marks Stride Consumer Partners’ first investment in prestige hair care. This news comes on the heels of Crown Affair’s all-door Sephora expansion. {WWD/paywalled}

OTB Group and Google Cloud Unveil AI Virtual Try-On

OTB Group, the parent company of brands including Diesel, Jil Sander and Maison Margiela, is teaming up with Google Cloud to launch a new personalized shopping experience using Google Cloud’s Virtual Try-On API. OTB designed this service to allow advisors to share curated, hyper-realistic visual previews with selected customers, offering a 360-degree view of the product. The project will initially launch with Diesel and Jil Sander across the U.S. and Europe, and will expand in the coming months to Marni and Maison Margiela. {OTB Group}

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Deadspin | It’s official: NCAA tournaments expand to 76-team brackets <div id=""><section id="0" class=" w-full"><div class="xl:container mx-0 !px-4 py-0 pb-4 !mx-0 !px-0"><img src="https://images.deadspin.com/tr:w-900/28564350.jpg" srcset="https://images.deadspin.com/tr:w-900/28564350.jpg" alt="Syndication: The Oklahoman" class="w-full" fetchpriority="high" loading="eager"/><span class="text-0.8 leading-tight">The March Madness logo is pictured during a second-round game in the NCAA men’s basketball tournament between Nebraska Cornhuskers and Vanderbilt Commodores at Paycom Center in Oklahoma City, Saturday March 21, 2026.<!-- --> <!-- --> </span></div></section><section id="section-1"> <p>The 2027 NCAA Tournament will officially expand to 76 teams following approval Thursday afternoon by the Division I Men’s and Women’s Basketball Committees, the Division I Men’s and Women’s Basketball Oversight Committees, the Division I Finance Committee, the Division I Board of Directors and the NCAA Board of Governors.</p> </section><section id="section-2"> <p>“Expanding the Division I Men’s and Women’s Basketball Championships is the right decision for the student-athletes and programs that will now have access to the greatest events in college sports,” Board of Directors chair and Virginia Tech president Tim Sands said in an NCAA-issued press release Thursday. “As NCAA leaders, we are especially excited to provide additional, highly competitive games for fans who look forward to March Madness every year.”</p> </section><section id="section-3"> <p>As part of the bigger tournament, the expansion adds three times the number of Tuesday and Wednesday games to the men’s tournament.</p> </section><section id="section-4"> <p>Adding these bids brings the total of tournament-eligible teams in men’s basketball to 21%, the NCAA confirmed.</p> </section><section id="section-5"> <p>In confirming the decision Thursday, the NCAA said the deal allows it to “award more than $131 million in new revenue distributions to member schools participating in the basketball tournaments over the remaining six years of the NCAA’s broadcast agreements.”</p> </section><section id="section-6"> <p>To create that revenue, the NCAA said the rights agreement is set to increase by $50 million per year over the next six years and it will open “new, previously restricted product categories for the NCAA Corporate Champions and Partners Program, including beer, wine, spirits, and hard seltzer, and allows for expanded in-game advertising opportunities during the linear and streaming coverage of the tournaments.”</p> </section><section id="section-7"> <p>When the 2027 NCAA Tournament begins the Tuesday after Selection Sunday, a total of 12 games — three per day at two locations — are part of the newly approved bracket before the traditional tournament start day of Thursday.</p> </section><br/><section id="section-8"> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">A look at the new bracket ?? <a href="https://t.co/esm18WdUSJ">pic.twitter.com/esm18WdUSJ</a></p>— NCAA March Madness (@MarchMadnessMBB) <a href="https://twitter.com/MarchMadnessMBB/status/2052466156309545038?ref_src=twsrc%5Etfw">May 7, 2026</a></blockquote> </section> <section id="section-9"> <p>Dayton, Ohio, remains one site for the men’s tournament with a second site to be determined.</p> </section><section id="section-10"> <p>With the increase in teams and games, those games will no longer be called the “First Four.”</p> </section><section id="section-11"> <p>The NCAA will shift to a label of Opening Round. The teams eligible to play in the Opening Round will be the 12 lowest-seeded at-large teams and 12 lowest-seeded automatic qualifiers.</p> </section><section id="section-12"> <p>First Four contests in the women’s tournament have been single games at on-campus sites.</p> </section><section id="section-13"> <p>The change marks the first expansion of the tournament since the field moved from 65 to 68 teams with the addition of the First Four games in 2011. The field had previously been 64 or 65 teams since 1985.</p> </section><section id="section-14"> <p>The NCAA said it will also continue to provide transportation and funding for lodging, meals and other incidentals for teams in the expanded format.</p> </section><section id="section-15"> <p>–Field Level Media</p> </section></div><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> #Deadspin #official #NCAA #tournaments #expand #76team #brackets

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