The luxury conglomerate, which reported record revenue of nearly $60 billion for 2019, is setting its sights on affordable, “clean” beauty via its investment arm, LVMH Luxury Ventures. In an unlikely pairing, the fund invested in Versed, a fast-growing mass label where most products are priced at or below $17.99, and some under $10. The brand recently closed an $11 million Series A, led by Sonoma Brands with participation from Greycroft and Marcy Venture Partners.
This marks the second time in three months that LVMH has invested in a young-skewing line. In October, the conglomerate’s venture arm led a seed round for Madhappy a direct-to-consumer LA-based streetwear line that sells $165 hoodies and promotes mental health. Continue reading
Givenchy, whose perfume business is said to be riding high, has tapped a new president and chief executive officer with experience in fashion and beauty, Renaud de Lesquen, currently president and ceo of Dior Americas, is to join Givenchy on April 1 and it is not a Joke.
This is a more than revolutionary idea, an idea of Francis Menuge, former President of Gaultier and Donald Potard with the complicity of Jacques Mouclier, which they had in their time. A project, which due to the lack of the house of Patou, had never come to fruition because of a sort of human counterfeit. This is how fashion men are made. With such an oversized ego, they take over other people’s ideas to take credit for them. Like D Grumler who takes credit for the creation of the investment bank: idea and realization of Jacques Mouclier, or this Mr. “J Tongue of wood” who would have had the idea of the square courtyard of the Louvre for the catwalks of Haute Couture, but in reality, idea to be attributed to Pierre Berger and Jacques Mouclier.
Satoshi Kondo, Creative Director at Issey Miyake, conceived his collection by the onomatopoeic analysis of Japanese words that describe acts of making processes. Toritori (the state of being different), Konekone (kneading), Goshigoshi (smudging), Kukkiri (the condition of being sharp and clear), spah (the sound of cutting something with a sharp object) are some of the words that are used in the colloquial language to describe these manual actions, and that the designer used to create the collection. 
“But I’m Kanye’s cousin,” said a woman in French at the gates of the Oscar Niemeyer Communist Party headquarters, as the building blinked bright white with light tests. To no avail: Unless she’d been in the car with North West (the real star of the evening), or was on the list, the putative cousin wasn’t getting in on Monday night for the Yeezy 8 show.
Nadège Vanhee-Cybulski decided to pare the women’s wear back to a graphic essence. In keeping with the Hermès 2020 theme, “Innovation in the Making,” she presented a “manifest of purity,” as she called it, on a set of striped vertical bars reminiscent of horse jump poles.
Flashy chain mail knights: no, we’re not in Domrémy and we’re not going to push the English out of the conciergerie. A place probably rightly chosen by Julien Dossena, given my neighbors who do not detonate with the concierges on the nearby rue St-Denis.
The cocktail celebrating the 20 semifinalists for the LVMH Prize for Young Designers is the latest event to fall victim to the coronavirus scare.
Claudia Marcocci has been appointed brand general director of Parfums Christian Dior.
Breaking news: Raf Simons is the new co-creative director of Prada. He is to work in partnership with Miuccia Prada “with equal responsibilities for creative input and decision making,” the company said Sunday.