Fendace, the Versace and Fendi swap – On the heels of the ridiculously popular and successful collaboration between Gucci and Balenciaga a few months ago, another pair of designer brands are at it again. This time it’s the famed Italian luxury houses of Fendi and Versace, who teamed up for a special Fashion Week collection. The most iconic symbols and items or both houses were merged together in a collection that was bold, garish and a little confusing. The entire spectacle has divided the fashion community, but whether you loved the team up or not, you have to admit it caused waves. You can find out more about it here.
Fosun Fashion Group changes name to Lanvin Group – The Chinese luxury conglomerate, owners of the designer brands Lanvin, Sergio Rossi, Caruso, Wolford and American womenswear brand St. John Knits are changing their names to the Lanvin Group. The name change has been done to make to make the group more attractive to potential new acquisitions in the luxury market. This Reuters goes into more detail on this story.
Balenciaga’s ‘The Simpsons’ collaboration released – After last month’s groundbreaking Balenciaga spring/summer 2022 show closing, you can now buy the collection. Balenciaga were the first fashion house to get their own Simpsons episode, which was shown live at the closing of their latest ready-to-wear show in Paris last month. And after the amount of news articles that were written in the aftermath of this show, it’s no surprise that a collaboration between The Simpsons and Balenciaga has dropped. You can read more about it here.
Megan Fox and Boohoo have teamed up for a collection – Megan Fox, the latest fashion darling, who has risen in prominence in the last year due to her fashion style, has teamed up with the fast-fashion e-tailer for their latest collection. Megan, who is an actress known for her roles in Jennifer’s Body and Transformers, began collaborating with famed fashion stylist Maeve Reilly, the stylist known for Hailey Bieber’s style, has been pushing fashion rules with her sexy-meet-rocker style. It’s no surprise after a year of headlines around her latest outfits that Booho, an e-tailer targeting the Gen Z market, would want to work with her. You can read more about it here.
The Fendi and Skims collaboration – So it turns out the rumours were true. A couple of weeks ago, after an Instagram account called @connie_personal_shopping leaked some images and details of a possible Fendi and Skims collaboration, the latest venture between the two Kims is about to be released. Pencilled in for the 9th November, this collaboration seems to feature bodycon dresses, bras and tights, but will surely cover even more as more images are released in the upcoming days. For more read about it here.
Coach will no longer destroy unsold stock – Coach has gotten into a lot of trouble on social media in recent weeks, when more evidence was shown on TikTok by a user named @thetrashwalker highlighted Coach’s practice of slashing unsold merchandise at their stores. This is partially done to reduce their tax bill, but also to stop flooding the market with unsold items, thereby potentially devaluing the brand. Whether the latter claim is actually true is another question for another time, but the brand have responded on social media and once again apologised for their practices, said they have stopped the practice and promised to do better. Whether this scandal will actually make those words stick is something we shall see. You can read about it here.
MLMs finally in trouble with the FTC? – Might multi-level marketing, or MLMs for short, finally have their reckoning at the hands of the US Federal Trade Commission? A decade after MLMs successfully lobbied the FTC to be exempt from their rules on trading, it looks like the tide is turning for them. After a string of high-profile scandals and exposés, such as the most recent Lularoe documentary, more scrutiny than ever are on these pyramid schemes, and it seems like the FTC are finally willing to do something about it again. You can read about it here.
New podcast explores Victoria Secret’s relationship with Jeffrey Epstein – A new podcast called ‘Fallen Angel’ will delve deeply into the close relationship between the CEO of Victoria’s Secret Les Wexner and Jeffrey Epstein. You can read more about it here.
Chanel have introduced a quota for classic bags – The rumours have been floating around for a while, especially as the more recent price hikes for Chanel kept being announced. Chanel, a French stalwart among the designer brands, is trying to differentiate itself from the other luxury brands on the market, by chasing after the Hermès model. After several years of insane price hikes, which has meant that some of their classic bags are now more than double the prices they were 10 years ago, they have introduced a quote for the amount of classic bags a customer can purchase from their boutiques a year. And it’s going to make a lot of people mad. Will Chanel reach the storied heights of Hermès remains to be seen, but they might want to introduce a proper after care system for their leather good first, and maybe increase the leather quality first, otherwise this whole thing is going to blow up in their faces. For more, you read about it here.
Famed Saville Row tailors, Gieves & Hawkes at the brink of bankruptcy – Gieves & Hawkes, a famed Saville Row tailors, who have been around for over 200 years and made everything from military uniforms for Lord Nelson at the Battle of Trafalgar and used to dress Winston Churchill may soon go out of business, unless it is rescued. Its parent company Shandong Ruyi Group, based in Shanghai, has been facing mounting debts for years, and after losing its latest court battle, unless a new buyer is found, Gieves & Hawkes will soon be no more. For more on this story, click here.
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