Fashion has us excited this week. Louis Vuitton shared a first look at the highly anticipated collaboration with Yayoi Kusama; Moncler Genius announced it would be featured during London Fashion Week in February; and Chanel confirmed it will repeat its Dakar Métier d’Art show in June in Tokyo. While some brands looked ahead, others celebrated achievements:
Below, Hypebeast has collected the top fashion stories of the week so you can stay on top of industry trends.
adidas “reevaluates” its Balenciaga partnership
In the wake of Balenciaga’s controversial ‘Gift Shop’ campaign, Sneaker freak recently posted screenshots of new customer service emails from Balenciaga and adidas stating that pre-orders of the brands’ joint collection would be delayed or not fulfilled.
“We have taken the time to re-evaluate our partnership with Balenciaga and we have decided to suspend all product launches until further notice,” the Adidas email read. “Unfortunately, we are therefore unable to fulfill your pre-order of the Balenciaga/adidas Stan Smith.” Balenciaga’s email was more obscure, telling customers that orders would be “delayed in shipping” and that previous tracking numbers were no longer correct.
According to the outlet, the customer receiving the emails had recently received a pair of Balenciaga x adidas Triple-S, so the status of their partnership is most likely fluid.
Nike reported strong revenue growth in its results for the second quarter of fiscal 2023
Nike Inc. on Wednesday announced its fiscal 2023 financial results for the second quarter ended Nov. 30, revealing one of its best quarterly revenue growth in more than a decade.
The company’s revenue rose to $13.3 billion USD, which is a 17% increase compared to last year’s figure. The number, which surpassed an estimate of $12.57 billion USD, marks Nike’s best report in 42 quarters, barring a 95% growth in the fourth quarter of 2021 as stores opened after pandemic lockdowns.
In North America, Nike’s largest market, sales increased by 30%; however, numbers in China, the brand’s most profitable market, were down 3% due to COVID restrictions.
Nike’s margins were under pressure, mainly due to increased write-downs to liquidate inventories, unfavorable changes in net exchange rates and higher freight and logistics costs. The company’s gross margin fell 300 basis points to 42.9% and revenues for the quarter were reportedly flat compared to 2021.
Louis Vuitton unveiled a first look at the upcoming Yayoi Kusama collaboration
Louis Vuitton is ready to put dots front and center in its upcoming collaboration with Japanese artist Yayoi Kusama.
The collaboration will merge the signature shapes of the French Maison with Kusama’s iconographic designs and million-dollar brush strokes. The brand is gearing up to roll out a legion of ready-to-wear, accessories, leather goods and even perfumes under the collaboration. In anticipation of the launch, Steven Meisel shot a series of campaign images featuring Gisele Bündchen, Liya Kebede, Devon Aoki, Christy Turlington and Anok Yai.
The first products will appear in Japan and China on January 1, 2023 as a pre-launch, while all other 460 Louis Vuitton stores worldwide will see the release of the collaboration on January 6, 2023.
Gucci opened its first luggage-only store in Paris
Gucci announced the official opening of its first independent luggage store in Paris. The luxury giant finds a new home on coveted Rue Saint-Honoré, in a 2,900-square-foot storefront that houses the entire Gucci Valigeria lineup.
In a statement to WWD, CEO Marco Bizzarri explains what the opening of the boutique means for Gucci. “The opening of our first Gucci Valigeria boutique on Rue Saint-Honoré represents the next phase 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 our timeless craft.”
Bizzarri confirmed that the brand has plans to open more luggage-only stores in “other iconic city destinations” in the future.
Fendi unveiled its state-of-the-art Tuscan factory
Fendi pulled back the curtain on its new factory in the Tuscan town of Bagno a Ripoli. The versatile outpost was a collaborative project between the label’s in-house specialist architecture team and Milan-based architecture studio Piuarch.
The strikingly contemporary yet minimalist factory blends into its surroundings in a natural warm color tone and the roof is covered with a lush garden. Inside, the innovative building houses a production warehouse, workshops, offices, a leather goods school and a restaurant.
Moncler Genius will be featured at London Fashion Week 2023
Moncler CEO Remo Ruffini’s collaboration project, Moncler Genius, will be featured during London Fashion Week in February.
The French luxury label launched the Genius tag in 2018, with the intention of integrating the work of leading creatives and designers into Moncler’s DNA. In the past, Genius has worked with CSM graduate DingYun Zhang, Craig Green, and Palm Angels, among others.
The Moncler Genius show will take place on February 20, 2023. Ruffini has not yet announced which talents will be featured in this upcoming collection.
The Christian Dior: designer of dreams Exhibition arrived in Tokyo
After receiving acclaim for his portrayal in Paris, he Christian Dior: designer of dreams exhibition finds its way to Tokyo.
The exhibition will further strengthen Dior’s influence in Japan, one of the French label’s strongest markets. As a tribute to the country, the showcase features a new scenographic narrative created by architect Shohei Shigematsu that highlights more than 75 years of the brand’s couture designs alongside traditional Japanese cultural elements.
In an interview with AFP, Shigematsu explained: “When Dior makes a skirt, there is a structure and the fabric is placed on top. I was asked to make a Japanese traditional structure, so I thought about shoji screens, for example, which have a wooden structure and are covered with paper.”
The Christian Dior: designer of dreams starts is now open at the Museum of Contemporary Art Tokyo. It will remain on display until May 28, 2023.
Chanel will repeat her previous Dakar Métiers d’Art Show in Tokyo
In light of the success of the Dakar 2022/23 Métier d’Art Collection, Chanel has announced that it will repeat the show in Tokyo in 2023.
The collection first debuted at the former Palais de Justice in Dakar, Senegal, on December 6. Highlighting the rich colors and beaded and sequin embroidery, the line is truly Chanel, with its fair share of flared pants in the house’s historic tweeds. .
The Dakar show drew a high-profile audience, including House spokesman Pharrell Williams, Naomi Campbell, Whitney Peak, Nile Rodgers, Princess Caroline of Monaco and her daughter Charlotte Casiraghi. In particular, the show was part of a three-day cultural program in the Senegalese city.
The Chanel show in Tokyo will take place on June 1, 2023.