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Mar 08, 2025
The Backstory
Jon Kelly Jon Kelly
Good morning, It was another fabulous week: Matt Belloni unfurled the Village Roadshow saga; Eriq Gardner dug into a Jeopardy! legal battle; Lauren Sherman captured the rebirth of Georgina Chapman; Rachel Strugatz revealed Sephora’s new darling; Sarah Shapiro presaged Dôen’s next moves; Dylan Byers collected the latest Bezos chatter at the Post; Marion Maneker got the readout from the $50 million New York midseason sales; Julie Davich reconsidered the emerging artist market; John Ourand clarified the latest postnuptial beef between ESPN and Major League Baseball; and Bill Cohan psychoanalyzed Bill Ackman’s Buffett Oedipus complex. Meanwhile, Leigh Ann Caldwell previewed Trump’s tussle with Tim Scott; Julia Ioffe conveyed the whispers about Zelensky’s Oval disaster, and Peter Hamby assessed the Dems’ emerging media strategy. Check out these stories, and others, via the links below. And stick around for the backstory on how it all came together.
 
FASHION FASHION
Lauren Sherman details Georgina Chapman’s red carpet resurrection and the industry’s Gucci guessing game. and… Rachel Strugatz penetrates Sephora’s secret brand summit. meanwhile… Sarah Shapiro foreshadows Dôen’s next investor base and surveys the latest retail trends.
 
ART MARKET ART MARKET
Marion Maneker spots some green shoots in the New York midseason sales and reads the British auction season tea leaves. and… Julie Davich parses Sotheby’s $80 million Old Masters bonanza.
 
HOLLYWOOD HOLLYWOOD
Matt Belloni doles out his annual Awards Season Awards and explains the roiling Village Roadshow mess. and… Eriq Gardner assesses the fallout of a fraught Jeopardy! mega-suit.
 
WALL STREET WALL STREET
Bill Cohan predicts a Zaz turnaround and dissects Ackman’s Warren Buffett walk-back.
 
MEDIA MEDIA
Dylan Byers chronicles the latest Washington Post contretemps. and… John Ourand cleans up an ESPN-MLB mess.
 
SILICON VALLEY SILICON VALLEY
Baratunde Thurston elucidates Puck readers’ true feelings about A.I., among other topics, via The Puck Private Conversation, powered by Orchestra.
 
WASHINGTON WASHINGTON
Leigh Ann Caldwell ponders Tim Scott’s impossible predicament. and… Julia Ioffe reports on what Washington really thinks about Zelensky. meanwhile… Peter Hamby detects Trump’s emerging Gen Z challenge.
 
PODCASTS PODCASTS
🎧 Dylan and the Times’s Peter Baker discuss the Trump media wars on The Grill Room. and… Soccer savant Roger Bennett chews over FIFA economics with Ourand on The Varsity. and… Lauren offers all the dish from the runway shows in Europe on Fashion People. and… John Heilemann and Marty Baron assess the state of Bezos’s paper on Impolitic. and… Matt and Owl & Co.’s Hernan Lopez debate the latest streaming dynamics on The Town. and… Leigh Ann and Peter examine Trump’s early efforts to hold the House and Senate in ’26 on The Powers That Be.
As a reminder, you can update your profile at any time to get more stories like these directly in your inbox. Click here to customize your email settings.
 

The Diplomats

On Tuesday afternoon, I met my partner Julia Ioffe for lunch at Le Diplomate, Washington’s version of Balthazar, to welcome her back from her recent parental leave. Despite the various and seemingly incessant oscillations within the federal government and foreign policy community, the town had an unmistakably ebullient, pre-cherry blossom season vibe—a reminder of how 60-degree weather can really lift spirits in late winter. Either way, I couldn’t have been more excited to see my friend and colleague for the first time in months. We were sitting down to catch up, to commiserate over the global state of affairs, and to plot her editorial direction in this brave new world. Julia, after all, has been the foremost chronicler of the Ukraine war and the most perspicacious journalist on the blob beat, with reportage that captures both the high-minded ambitions and the sharp-elbowed politics of the federal bureaucracy. Mere days before our meeting, of course, Donald Trump, J.D. Vance, and Volodymyr Zelensky had staged their tragic, off-script meeting at the White House—a cascade of unfortunate and nearly surreal invective that could have been scripted by Armando Iannucci. Julia had been focusing on a different target before Vance and Trump browbeat the Ukrainian leader about their view of foreign diplomacy and Oval Office etiquette, but that plan was out the window by the time the meeting reached its denouement. As Zelensky exited the Oval, Julia switched gears and endeavored to capture the full scope of the fallout from that disastrous confab. The first draft of the piece hit my inbox on Monday morning and I dove right in. Naturally, without fear or favor, Julia had surveyed top opinion makers across town and unearthed a common leitmotif. While Democrats were fulsome in their public praise of Zelensky, many grumbled privately that he had stepped on his own political rake amid this ostensible peace-keeping summit. “He can be difficult, we know this,” a former senior Biden administration official told Julia. “He’s stubborn and he doesn’t take advice, and it’s really, really hard for him to think creatively. Everyone has these problems; he just seems to have a harder time hiding it than others.” A Democratic foreign policy expert echoed the refrain. “He’s too arrogant,” this person told Julia. “Thinks that if he can only get face to face with Trump, he can charm him. It never works. Not for Zelensky, not for Macron.” We published Après Zelensky on Monday evening. Almost immediately, Puck’s always percolating Slack channel was alight with notes from our partners, such as Matt Belloni and Marion Maneker, declaring that they’d been deluged with praise from friends and subscribers about the piece. On Tuesday afternoon at Le Dip, I was thrilled to toast Julia’s success in person. The shapeshifting situation in Europe is only becoming more complex. By Friday, of course, Trump threatened sanctions on Russia—perhaps inadvertently taking Julia’s advice from her earlier piece, The Fallacy of the Trump-Putin Pact, to box in the strongman. Indeed, this is one of the great quagmires of our time, and it’s precisely what you should expect to read in Puck, as narrated by the greatest interlocutor out there.
 
Have a great weekend, Jon
Puck
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