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These are the stories making headlines in fashion on Wednesday.

Nicole Kidman, Ayo Edebiri and Greta Lee cover Vogue

Nicola Kidman, Ayo Edebiri and Greta Lee front Vogue‘s November 2025 covers. Photographed by Carlijn Jacobs and styled by Malina Joseph Gilchrist, Kidman posed wearing a Saint Laurent dress. Tyler Mitchell lensed Edebiri and Lee’s covers, for which “The Bear” actor wore Chanel and Lee sported Dior. {Fashionista inbox}

Gap Inc. launches affiliate program

Gap Inc. has debuted its new creator affiliate program, allowing influencers to earn commission by engaging with Old Navy, Gap, Banana Republic and Athleta. The platform will offer users early access to new releases, product seeding and exclusive promotions, in addition to content collaboration opportunities. With this new program, Gap Inc. aims to create deeper relationships with influencers, amass greater audience reach and, ultimately, deliver more sales. Gap Inc.’s creator affiliate is currently accepting applications here. {Gap Inc.}

Kering shares surge amid luxury slowdown

Kering’s shares rose to their highest level in more than a year, even amid luxury’s ongoing slowdown. Morgan Stanley analysts noted the fresh wave of new creative directors is providing significant momentum for the luxury conglomerate, as well as its rival LVMH. Kering and LVMH shares increased as high as 7.4% and 3.7%, respectively. Experts also credited fashion’s swing towards minimalism as benefiting the two companies. However, the luxury industry still faces challenges, including hesitant spending among middle-income consumers. {Bloomberg/paywalled}

What Trump’s new H-1b visa fee means for fashion

The Trump administration’s new $100,000 H-1b visa fee — the visa is used for skilled foreign workers who accept positions that employers struggle to recruit at home — is about to have a significant impact on the fashion industry: Small, indie brands don’t have the budget to pay such a big fee, leaving small-staffed labels rattled if they are forced to deport workers. Some companies are already pulling back job offers from international applicants. Going forward, many businesses will likely opt to hire domestically exclusively or fully outsource jobs to other countries. For big brands, however, H-1B applicants will remain relatively unaffected. {Business of Fashion/paywalled}

Salehe Bembury launches a sneaker company

Designer Salehe Bembury is launching his independent sneaker brand, Spunge, in partnership with Los Angeles-based creative office Violet St. The designer is taking his decades-long footwear production experience — with brands like Versace, New Balance and Cole Haan — and channeling it into his culturally-forward, innovative design language. “My own brand will be 100% my vision. I will get to build the community that I want to build, and have the conversations that I want to have and tell the stories that I want to tell,” he told The Wall Street Journal. {WSJ/paywalled}

Instagram announces judges for its first-ever Rings award

Instagram has unveiled its judges for its first Rings award, a new program celebrating the creativity of its active users. A panel of judges will nominate and vote for their favorite creators, spanning all categories including fashion, beauty, sports, music and lifestyle. A group of 25 winners will receive a physical ring designed by Grace Wales Bonner and a digital ring for their Instagram profile. This year’s judges include: Wales Bonner, Marc Jacobs, Spike Lee, Pat McGrath, Kaws, MKBHD, Yara Shahidi, Eva Chen, Tainy, Adam Mosseri, Murad Osmann, Ilona Maher and Cédric Grolet. {Instagram}

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