Wealthy holiday shoppers, King of Hearst, POST matter, The Met gets a face-lift

The King of Hearst (WWD)
“By the time Hearst finishes acquiring Hachette from Lagardère, the company will have spent more than $1 billion in a little under a year while the rest of the magazine industry is still recovering from the Great Recession.”

Is There A World POST Print Magazines? (Style.com)
“The brainchild of creative director Remi Paringaux, the former art director of Dazed & Confused and Vogue Hommes Japan, POST was explicitly conceived for the new multidimensional page… Here, [POST editorial director Xerxes Cook] talks to Style.com about media’s next wave.”

Face-Lift for Met’s Costume Institute (NY Times)
“The Metropolitan Museum of Art is planning a major renovation of its renowned Costume Institute. The project will enable the museum to show off part of its world-class permanent collection 10 months out of the year in a more contemporary setting.”

Wealthy treated themselves during the holidays (WSJ)
“The rich treated themselves like royalty this holiday season. That spun the holidays into gold for Tiffany & Co. and other high-end retailers… shoppers traded up to more expensive gold and diamond jewelry from silver charms. Designer clothing and purses were back.”