SUPREME LVMH LUGGAGE

Cult NYC streetwear brand Supreme’s latest collaboration was announced last Tuesday with iconic German luggage manufacturer Rimowa. They have developed a four-piece suitcase collection.

Since Alexandre Arnault took over Rimowa (after LVMH acquired an 80% stake in the premium luggage company), the young CEO has been rolling out a new, more millennial-focused image for the brand, employing strategies such as pop-up retail experiences and savvy collaborations to give Rimowa further appeal in the fashion and lifestyle spaces.

Indeed, the Supreme collaboration doesn’t look to be the last streetwear partnership for Rimowa this year: Arnault teased an upcoming collaboration with Off-White with an Instagram post in September 2017, before returning to the subject with another photo posted when Virgil Abloh was named at the head of Louis Vuitton’s menswear collections, this time suggesting that the collaboration was slated for launch in Summer 2018. Continue reading

KERING FOCUSES ON LUXURY

Does Kering need some money to pay Hedi Slimane’s allemony after the divorce?

In 2011, Kering acquired Volcom, an action sports brand. One of the less visible brands at Kering has begun taking steps to sell action sports brand Volcom to focus fully on the group’s luxury labels.

“In accordance with Kering’s strategy to fully dedicate itself to the development of its luxury houses, the group is also ready to spin off German sportswear brand Puma.

As reported, Kering and Stella McCartney on March 28 said have agreed to end their 17-year partnership and that the designer would purchase Kering’s 50 percent stake in her namesake brand. Continue reading

YOON AHN DIOR JEWELLERY

Kim Jones will be in good company in his new role as artistic director of Dior Homme, which has appointed Yoon Ahn, a member of the designer’s inner circle, as the brand’s jewelry designer.

Known as Yoon, Yoon Ahn has carved a rare niche for herself as an entirely self-taught designer. On the day we met, she had just learned that she’d been named an LVMH Prize finalist. “It’s crazy—we just made pants for the first time!” she says, laughing. “For us to be even be nominated is like, what?”

Tokyo-based Ahn and her partner Verbal, a celebrated rapper in Japan and former member of M-flo, the Nineties hip-hop group, are super-connected in the fashion industry. The power couple, which has its own streetwear brand Ambush that figured among the finalists of the 2017 LVMH Prize, has appeared in campaigns for Louis Vuitton and Dr. Martens. They’ve also collaborated with brands including Colette, Sacai and A Bathing Ape. Continue reading

LES GALERIES LA CORNET

Tapping into the expertise of smaller independent stores, Galeries Lafayette has named Clara Cornet creative and merchandising director of its future flagship on Avenue des Champs-Elysées, effective since Feb. 1.

Cornet, who has been working in the United States for five years with edgy retailers Opening Ceremony and The Webster, reports to Nadia Dhouib, who will manage the new Paris department store.

“As part of her missions, Clara Cornet will be responsible for the unique and exclusive selection of brands and products, as well as the visual identity and content for this flagship store  which will open in 2019  to establish it as the international benchmark for a ‘new generation’ commerce, by reinventing the physical store’s codes to surprise and inspire its clients at every visit,”. Continue reading

GOOD BUY AND GOOD LUCK

McCartney said her option to buy back Kering’s 50 percent stake in the brand had been in her contract from Day One. She said she couldn’t turn it down.

“It is an incredible blessing and a once-in-a-lifetime opportunity that’s not awarded to many fashion designers with their name on the door. I have four children, I have the opportunity to take control of the business that bears my name and that is extraordinarily exciting. To be afforded that chance as a designer, as a woman, as a mother of four, it’s something I had to take on; McCartney said.

In a statement released on Wednesday evening after the Paris and London stock markets closed, François-Henri Pinault, chairman and chief executive officer of Kering, said it was the right time for McCartney to move on.

“Kering is a luxury group that empowers creative minds and helps disruptive ideas become reality. I am extremely proud of what Kering and Stella McCartney have accomplished together since 2001,” he said, adding that McCartney and her team had brought far more than business to Kering. Continue reading