Top Fashion Stories of the Week: December 23

Fashion got us excited this week. Louis Vuitton has unveiled its long-awaited collaboration with Yayoi Kusama. Moncler Genius has announced that it will present at London Fashion Week in February. Chanel has confirmed that it will reschedule its Dakar Métiers d’Art show in Tokyo in June. Some brands were proactive, while others celebrated achievements. Nike reported a boom in revenue in the second quarter of fiscal 2023, and Gucci cut the ribbon at its first-ever store dedicated to luggage in Paris. Elsewhere, a new customer service email revealed: Adidas In the wake of Balenciaga’s controversial ‘Gift Shop’ campaign, the company is reassessing its partnership with Balenciaga.

Below, Hypebeast has compiled the week’s top fashion stories so you can stay up to date with the industry’s trends.

Adidas ‘re-evaluates’ partnership with Balenciaga

In the aftermath of Balenciaga’s controversial ‘Gift Shop’ campaign, sneaker free car A screenshot of a new customer service email from Balenciaga and Adidas recently posted stated that pre-orders for the brands’ collaboration collection were either delayed or not fulfilled.

“We have taken the time to re-evaluate our partnership with Balenciaga and have decided to suspend all product launches until further notice,” read an adidas email. “Therefore, unfortunately, we are unable to fulfill your pre-order for Balenciaga/Adidas Stan Smith.” Balenciaga’s email was more vague, stating that the order would be “delayed in shipment” and that the previous tracking number was no longer correct. was communicated to the customer.

According to the outlet, the customer who received the email recently received a Balenciaga x Adidas Triple S pair, so the partnership situation is likely to be fluid.

Nike reports revenue surge in second-quarter fiscal 2023 results

Nike, Inc. Wednesday reported financial results for fiscal 2023 for the second quarter ending November 30, revealing one of its best quarterly earnings growth in more than a decade.

The company’s revenue increased to US$13.3 billion. This is a 17% increase compared to last year’s figures. Beating estimates of $12.57 billion, the figure marks Nike’s best report in 42 quarters, excluding 95% growth in the fourth quarter of 2021, when retail stores opened after the pandemic lockdown. increase.

In North America, Nike’s largest market, sales increased 30%. However, his numbers in China, the brand’s most profitable market, fell by 3% due to COVID restrictions.

Nike’s margins were squeezed primarily by increased markdowns to clear inventory, unfavorable changes in net foreign exchange rates, and higher transportation and logistics costs. The company’s gross margin fell 300 basis points to 42.9% for him, reportedly with quarterly earnings flat compared to his 2021.

Louis Vuitton debuts collaboration with Yayoi Kusama

Louis Vuitton is ready to put polka dots in the foreground in an upcoming collaboration with Japanese artist Yayoi Kusama.

The collaboration fuses the French Maison’s signature shapes with Kusama’s iconic designs and multi-million dollar brushstrokes. The brand is preparing to roll out an army of ready-to-wear, accessories, leather goods and even perfumes under the collaboration. We shot a series of campaign images starring Aoki, Christy Turlington, and Anok Yai.

The first products will be pre-launched in Japan and China on January 1, 2023, while the collaboration will launch on January 6, 2023 in other 460 Louis Vuitton stores around the world.

Gucci opens first luggage store in Paris

Gucci has officially opened its first standalone luggage store in Paris. The luxury giant has found a new home on the coveted rue Saint-Honoré inside his 2,900-square-foot store that houses his full line of Gucci Valigeria.

In a statement to WWD, CEO Marco Bizzari details what the opening of the boutique 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. It’s a powerful reminder of its roots and timeless technology.”

Bizzarri confirmed that the brand has plans to open more stores dedicated to luggage in “other iconic urban destinations” in the future.

Fendi unveils state-of-the-art Tuscan factory

Fendi has unveiled its new factory in the Tuscan town of Bagno a Ripoli. ⁠ The multifaceted outpost was a joint project between the label’s in-house expert architecture team and Milan-based architecture studio Piuarch.

Strikingly contemporary yet minimalist, the factory blends in with its surroundings in natural shades of warm tan, and its roof is covered by a lush garden. Inside the innovative building are production warehouses, workshops, offices, a leather goods school and a restaurant.

Moncler Genius to Show at London Fashion Week 2023

A collaborative project with Moncler CEO Remo Ruffini, Moncler Genius will be presented at London Fashion Week this February.

The French luxury brand launched the Genius tag in 2018 with the intention of injecting the work of industry-leading creators and designers into Moncler’s DNA. Genius has worked with CSM graduates such as DingYun Zhang, Craig Green and Palm Angels.

The Moncler Genius show will take place on February 20th, 2023. Ruffini has yet to announce the list of talent that will appear in this upcoming collection.

of Christian Dior: Dream Designer Exhibit arrives in Tokyo

After receiving high acclaim for his performance in Paris, Christian Dior: Dream Designer The exhibit is headed to Tokyo.

The exhibition will further extend Dior’s influence in Japan, one of the strongest markets for the French brand. As a tribute to the country, the showcase includes a new set story created by architect Shohei Shigematsu, along with traditional Japanese cultural elements, along with the brand’s more than 75 years of couture. Focus on his design.

in an interview with AFPMoreShigematsu says, “When Dior makes a skirt, there is a structure, and the fabric is layered on top of it. I thought.”

of Christian Dior: Dream Designer is being held at the Museum of Contemporary Art Tokyo. It will be on display until May 28, 2023.

Chanel returns to Tokyo with its last Dakar Metiers d’Art show

Dakar 2022/23 Following the success of the Métiers d’Art collection, Chanel has announced that it will return to Tokyo in 2023.

The collection premiered at the former Palais de Justice in Dakar, Senegal on December 6th. Rich in color and embroidered with beads and sequins, the line is the House’s heritage tweed, dominated by flared trousers, and is truly Chanel. .

The Dakar show attracted a high-profile audience including Maison spokesperson Pharrell Williams, Naomi Campbell, Whitney Peake, Nile Rodgers, Princess Caroline of Monaco and daughter Charlotte Casiraghi. In particular, the show was part of his three-day cultural program in Senegalese cities.

Chanel’s Tokyo show will take place on June 1, 2023.

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