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This week we got fashion excited. Louis Vuitton has shared a first look at its highly anticipated Yayo Kusama collaboration. Moncler announced that Genius will be featured at London Fashion Week in February; And Chanel has confirmed it will relaunch the Dakar Métiers d’Art show in Tokyo in June. While some brands look ahead, others celebrate successes.
Below, Hypebeast has rounded up the best fashion stories of the week so you can stay up-to-date on trends in the industry.
adidas is “re-evaluating” its Balenciaga partnership.
Joshua bright
In the aftermath of Balenciaga’s controversial “Gift Shop” campaign, Sneaker freaker Screenshots of new customer service emails from Balenciaga and adidas were recently posted about pre-orders from the brands’ collaboration collection being delayed or not fulfilled.
“We have taken time to re-evaluate our partnership with Balenciaga and have decided to temporarily pause all product launches until further notice,” read Adidas’ email. “Unfortunately, we are unable to fulfill your pre-order of the Balenciaga/adidas Stan Smith.” Balenciaga’s email got even murkier, telling customers that there would be “delays in shipping” and that previous tracking numbers were inaccurate.
According to the outlet, the customer who received the emails recently received a pair of Balenciaga x adidas Triple-S, so the status of their partnership is very fluid.
Nike has forecast revenue growth for the second quarter of 2023.
Drew Anger/Getty Images
Nike, Inc. On Wednesday, Fiscal 2023 reported its financial results for the second quarter ending Nov. 30, posting its best quarterly revenue growth in more than a decade.
The company’s revenue grew to $13.3 billion, a 17 percent increase compared to last year. The number, which beat estimates of $12.57 billion, marks Nike’s best report in 42 quarters, on top of a 95 percent increase in retail store openings in the fourth quarter of 2021.
In North America, Nike’s largest market, sales increased by 30%; However, the brand was down 3% due to Covid restrictions in China, its most profitable region.
Nike’s margins were squeezed, primarily due to mark-downs to ease inventory, unfavorable foreign exchange movements and increased freight and logistics costs. The company’s gross margin fell 300 basis points to 42.9 percent and quarterly revenue was said to be flat compared to 2021.
Louis Vuitton has revealed the first look at the upcoming Yayoi Kusama collaboration
Louis Vuitton
Louis Vuitton is ready to put polka-dots to the fore in its collaboration with Japanese artist Yayo Kusama.
The collaboration combines the French mason’s signature shapes with Kusama’s iconographic designs and million-dollar brush strokes. The brand is gearing up to release ready-to-wear, accessories, leather goods and fragrances under the collaboration. In anticipation of his career, Steven Meisel has shot campaign images featuring Gisele Bundchen, Leah Kebede, Devon Aoki, Christy Turlington and Anouk Yai.
The first products are scheduled to drop as pre-production in Japan and China on January 1, 2023, while all other 460 Louis Vuitton stores will see the release of the collaboration on January 6, 2023.
Gucci opened its first luggage-only store in Paris
Gucci
Gucci has officially announced the opening of its first independent luggage store in Paris. The luxury giant has found a new home on the beloved Rue Saint-Honoré, a 2,900-square-foot storefront that houses the entire Gucci Valigeria lineup.
In his statement WWDCEO Marco Bizzarri detailed what the boutique opening means for Gucci. “The opening of the first Gucci Valigeria boutique on Rue Saint-Honoré represents the next step in our ongoing strategy to strengthen our leadership in the travel category,” he said. “Gucci Valigeria is a powerful reminder of our Florentine roots and timeless craftsmanship.”
Bizarre confirmed that the brand plans to open more luggage-only stores in “other popular urban destinations” in the future.
Fendi unveils state-of-the-art Tuscany factory
Andrew Ferrari
Fendi pulled back the curtain on its new factory in the Tuscan town of Bagno a Ripoli.—The multifaceted outlet was a collaboration between the label’s unique architectural team and Milan-based architecture studio Purch.
The amazing modern-but-minimalist factory blends in with the environment in a warm shade of leather, and the roof is covered in a lush garden. Inside, the innovative building houses a production warehouse, workshops, offices, a leather goods school and a restaurant.
Moncler Genius will appear at London Fashion Week 2023
Moncler
Moncler Genius, the collaboration project of Moncler CEO Remo Ruffini, will be shown at London Fashion Week in February.
The French luxury label launched the Genius label in 2018, with the aim of infusing industry innovations and designers into Moncler’s DNA. Genius has previously worked with the likes of CSM graduate Dingyun Zhang, Craig Green and Palm Angeles.
Moncler Genius Show
of Christian Dior: Dream Design The exhibition has arrived in Tokyo
Yuichi Yamazaki/Afp/Getty Images
After a highly acclaimed performance in Paris, he Christian Dior: Dream Design Exhibition is moving to Tokyo.
The exhibition further strengthens Dior’s influence in Japan, one of the French label’s strongest markets. In honor of the country, the show includes a new visual narrative that highlights over 75 years of the brand’s couture designs with elements of traditional Japanese culture.
In an interview with AFPShigematsu explained, “When Dior makes a dress, there is a structure and then the fabric is laid over it. I was asked to create a traditional Japanese structure, so about Shoji screens, for example, they have a wooden structure and are covered with paper.
of Christian Dior: Dream Design Inception is now open at the Museum of Contemporary Art Tokyo. It will remain on display until May 28, 2023.
Chanel revives the former Dakar Métiers d’Art exhibition in Tokyo
Chanel
Following the success of the Métiers d’Art collection in Dakar 2022/23, Chanel has announced that it will launch the show in Tokyo in 2023.
The collection first debuted at the former Palais de Justice in Dakar, Senegal, December 6. The line, which emphasizes the rich colors and embroidery of beads and sequins, is very Chanel, with its fair share of flared pants in heritage tweeds. .
The Dakar show attracted a high-profile audience, including house spokeswoman Pharrell Williams, Naomi Campbell, Whitney Peake, Nile Rodgers, Princess Caroline of Monaco and her daughter Charlotte Casiraghi. Notably, the show was part of a three-day cultural program in the city of Senegal.
Chanel’s Tokyo show will be held on June 1, 2023.
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