These are the stories making headlines in fashion on Wednesday.

Glossier CEO to exit

Glossier CEO Kyle Leahy will exit her role by the end of 2025. Leahy succeeded founder Emily Weiss as CEO in 2022 and oversaw the brand’s expansion into Sephora, the opening of new standalone retail stores and the growth of the brand’s fragrance franchise. Leahy will remain in her board seat through 2026, and will work with the board to identify a successor. {Business of Fashion/paywalled}

New York’s garment industry is at stake

New York’s Garment District (which runs from Midtown’s 35th to 41st streets) is one of the few places a designer can finish a product from start to finish within a few-block radius. This fashion manufacturing hub is now under threat from a new zoning bill called the Midtown South Mixed-Use Plan (MSMX) that proposes an updated zoning framework for 42 blocks of Midtown South — where many fashion and manufacturing businesses currently operate — that will allow housing where it is currently prohibited due to industrial zoning. Industry workers and organizations are concerned that the plan will result in the displacement of production and manufacturing businesses. {Vogue Business/paywalled}

Maesa Magic Incubator opens 2026 applications

Maesa Magic Incubator opened its applications for the 2026 program on Wednesday. The business-building incubator aims to support early-stage beauty founders from underrepresented communities with $35,000, mentorship and access to industry decision-makers. Beauty and wellness brands making under $1 million in sales led by founders from underrepresented communities can apply. The application, which is available here, is open now and closes on Aug. 6. {Fashionista inbox}

Aesop Queer Library returns to highlight ‘language as liberation’

The Aesop Queer Library, which has distributed more than 100,000 books to global readers, is returning for its fifth edition in partnership with the American Civil Liberties Union (ACLU). This year, the library celebrates the vocabularies crafted by LGBTQIA+ communities and “showcases the power of language as both a shelter and a declaration of defiance.” Some stores will clear their shelves to make room for books sourced from a diverse range of queer authors via a partnership with Penguin Random House. Aesop’s New York City store in Rockefeller Center, Los Angeles store in Larchmont and Toronto store in Yorkville will host the library from June 26 through June 29. Each visitor will be invited to select a complimentary book to take home. {Fashionista inbox}

Dover Street Market to launch a DSM label

Rei Kawakubo and Adrian Joffe will introduce the DSM brand during men’s fashion week in Paris. Joffe described the label as “a kind of guest of each designer who we will choose to work with.” The first guest is Kei Ninomiya, whose name will now appear alongside DSM on the label. Ninomiya will be the first designer of the DSM brand, which then plans to add other creators under the DSM umbrella, each with a different idea and concept and name. The DSM brand will be offered to wholesale clients and be showcased from June 28 to July 1 at the Dover Street Market Paris showroom at 35-37 Rue des Francs-Bourgeois. {WWD/paywalled}

Inside Gap’s last-ditch turnaround push

Gap had been on the decline for years following former CEO Millard “Mickey” Drexler’s ouster in 2002, but the company began witnessing early results of a turnaround under current CEO Richard Dickson. Then, Donald Trump announced his sweeping tariffs in April that rocked U.S. businesses nationwide. Gap has been gaining more traction with shoppers as of late, Dickson told Bloomberg, but the tariffs and diversifying the brand’s imports are potentially going to impact this momentum. {Bloomberg/paywalled}

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