Why are so many consumer founders joining Substack?
I guess they have a lot they want to talk to you about.
Good morning I’m leaving the island of Canouan today. More on that soon.
This letter has:
Local Hamptons drama
The consumer founders are flocking to Substack… and why is that?
The internet is mad at The Cut
NEWS:
Donald Trump has decided to sell $60 bibles before Holy Week. This is not any bible. No, the Trump bible also features a copy of the handwritten chorus to “God Bless The USA” by Lee Greenwood and The US Constitution. "We must make America pray again," Trump said in a video posted to his Truth Social account Tuesday encouraging supporters to make the purchase. This man loves weird merch.
Kushner and Kloss are trying to save print. The couple is buying the publication rights to Life from Dotdash Meredith, the print and digital publisher. The deal is being done through Bedford Media, the media start-up that Kloss leads as C.E.O. (The price wasn’t disclosed.) Kushner, who will serve as Life’s publisher, and Kloss are betting that they have a more focused approach that will succeed. “We see Life as an uplifting and unifying voice in a chaotic media landscape,” Kloss said. The two have already purchased other famous titles. When Bedford was formed last year, it bought the style magazine i-D from Vice. And in 2020, Kloss organized an investor consortium to buy the high-end fashion magazine W.
Emma and Jens Grede, the duo behind Skims, are taking a minority stake in The Elder Statesman. You know what, The Elder Statesman’s last campaign is what inspired by whole Corporate Fetish essay so I’m bullish on this. The Gredes’ stake was acquired through Popular Culture, their family office, and was accompanied by an investment from the Von Furstenberg family, according to a statement from The Elder Statesman. Financial terms were not disclosed, though the brand described both stakes as “significant minority investments.”
Don’t you guys think it’s weird that there’s an EDM concert in The Hamptons this summer headlined by Swedish House Mafia? Throw the High Noon’s in the cooler I guess.