Inventories are being kept tight in hope of increasing full-price selling and reducing markdowns.
The music star had launched the collection last February during New York Fashion Week.
The New York Times Magazine editor told students that the magazine became “kind of static” before he took over.
The grandson of Liliane Bettencourt, who is to replace her on the board of L’Oréal next month, is a budding fashion entrepreneur.
Guests had cocktails in the rotunda before shifting to the Hall of Ocean Life for dinner and finally to the Hall of African Mammals for dancing and more drinks.
Michael Gould will receive the school’s Distinguished Achievement Award and an honorary doctor of commercial science degree.