Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
We’ll say this much for Virgil Abloh and Off-White, he sure knows how to put on a good show. Like his latest catwalk event on Sunday afternoon in Paris, with M.I.A. performing a live mini-concert at the finale.
Fashionistas have been predicting the death of haute couture for over decade, but when the next Paris haute couture season debuts next week, it will boast more live catwalk shows than any fashion season this year.
With Paris finally exiting the lockdown, and Parisians enjoying their city without masks, the international menswear runway season climaxes with six days of Paris shows this week, albeit within the penumbra of Covid.
This week, following in the footsteps of mighty conglomerates like LVMH and Kering, New Guards launched its own eyewear division, spearheaded by Francesco Ragazzi, the creative director and founder of Palm Angels.
With Ramadan that begins next month set to remain a key shopping season, despite the pandemic, Farfetch has launched a new Ramadan campaign. It focuses on the exclusive capsules it’s offering from 30 international names.
Opening Ceremony may have closed down its destination boutique in Soho last spring, but the brand is very much alive and kicking, as the latest collection from its founders – Carol Lim and Humberto Leon - trumpets.
Virgil Abloh does enjoy breaking the rules. His latest video presentation, in this case the Off-White Spring/Summer 2021 collection, which debuted online Tuesday lunchtime in Europe, is a case in point.