Brand News: 10 Things You Need to Know for Tuesday, May 2nd

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The Met Gala tribute to “Rei Kawakubo/Comme des Garçons: Art of the In-Between” in New York inspires classic to avant-garde tributes such as Rihanna’s red carpet turn and mass fashion brands such as Topshop and H&M to create custom designs.


Twitter announces more than a dozen new premium content partners at its first NewFronts ad sales presentation.


Time Inc. (no longer on the block) launches The CEO Initiative with TIME and Fortune to highlight companies that are “doing well by doing good.”


Kraft Heinz revamps Oscar Mayer hotdogs to remove nitrates.


IAC buys Angie’s List in deal valued at over $500 million. IAC will merge the small business and contractor referral service with its HomeAdvisor unit to form a new publicly-traded company to be called ANGI Homeservices Inc., as Angie’s List faces issue of unlicensed contractors using its name.


In aviation branding news, Alitalia starts bankruptcy proceedings after turnaround fails, while Hawaiian Airlines unveils a new brand identity and livery.


Wall Street banks may be forced to separate consumer and investment banking units as President Trump considers reviving Depression-era law.


Coach is shopping for acquisitions to spur growth.


Jay Z’s Roc Nation business, New Era, Lids and Major League Baseball are reportedly being sued by Iconix Brand Group for using the Roc Nation logo (licensed by Iconix) on apparel including San Francisco Giants uniforms.


Comcast’s Xfinity brand has partnered with The Muppets’ Statler and Waldorf to show viewers how they can interact with the Billboard Music Awards on May 21st.


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