It’s been an eventful week full of changes (and a touch of drama) in the fashion world with Louis Vuitton Moët Hennessey (LVMH) acquiring Tiffany & Co., as well as a squabble between Versace and fast-fashion retailer, Fashion Nova. In other news, fresh collaborations await from brands like Balenciaga, Dover Street Market, and Puma.
Read ahead for your weekly dose of fashion news.
LVMH buys Tiffany & Co. for $16.7 billion USD (S$22 billion)
French luxury giant, LVMH has just purchased the iconic jewellery label, Tiffany & Co. for $16.7 billion USD (S$22 billion). Joining LVMH‘s line of brands from Louis Vuitton, Dior, Fenty Beauty, Fendi and more, Tiffany & Co. is now a part of the luxury conglomerate. According to LVMH’s social media announcements following the acquisition, CEO Bernard Arnault said, “We are delighted to have the opportunity to welcome Tiffany & Co. to the LVMH family”.
Balenciaga’s latest capsule collection sees it collaborate with World Food Programme
Balenciaga has joined forces again with the World Food Programme (WFP) to launch a capsule collection with a vision to end world hunger. This time, 20 per cent of the proceeds will go to the WFP. This collection includes hoodies, T-shirts, as well as scarves, hats, pants, raincoats, blouses, and socks. Items are printed with the official WFP logo parked alongside Balenciaga’s.
Available at Balenciaga from 1 December 2019.
Dover Street Market celebrates its 15th Anniversary with a slew of collaborations
In commemoration of Dover Street Market‘s 15th anniversary, the streetwear retailer has teamed up with over 60 of the brands it carries to release a unique series of collaborations. Dubbed as the Monochromarket, items from these collections are presented in a monochromatic color scheme. Some of the brands included are Bape, The North Face, Gucci, Comme des garcons, Burberry and the list goes on.
The Monochromarket collection launches 29 November 2019, available at Dover Street Market.
Versace sues Fashion Nova over copycat garments
No, you’re not seeing double. Versace has sued the fast-fashion retailer, Fashion Nova for selling an extremely similar version of the Italian house’s iconic green jungle print dress famously worn by Jennifer Lopez at the 2000 Grammy Awards. Despite an official warning to Fashion Nova for its “infringing activities”, it has not halted its copying of the brand’s designs, giving Versace no choice but to sue.
Selena Gomez x PUMA’s third collaboration
Selena Gomez has just dropped her Fall/Winter 2019 line with Puma. The upcoming collection, which marks their third collaboration with the sportswear giant, features rugby-inspired apparel, footwear, and accessories for a laidback athleisure look.
This collection launches 1 December 2019 at Puma.