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Supreme

Supreme Acquired by EssilorLuxottica for $1.5 Billion From VF: What’s Next for the Streetwear Brand?

VF is selling Supreme to EssilorLuxottica for $1.5 billion, far less than it paid in 2020. Since then, Supreme has fallen hard in the fast-paced streetwear business.

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laura-chouette-4PlTCPjVT48-unsplash chanel

Are Luxury Consumers Ready For Chanel To Change Creative Direction?

Rumors have persisted for years that Chanel’s artistic director Virginie Viard was on her way out. However, in early May at the Marseille cruise collection show, Chanel president of fashion and accessories Bruno Pavlovsky disabused those rumors, emphatically stating to Fashion Network: “Virginie is doing extremely well. You know, ever since she succeeded Karl Lagerfeld, […]

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Fashion fundamentals

Banana Republic Returns To Fashion ‘Fundamentals’ After Its Home-Centric CEO Exits

News just broke that Banana Republic’s president and CEO Sandra Stangl has been shown the door. While a company spokesperson replied “No comment” to my request, WWD obtained an internal memo from Gap Inc. CEO Richard Dickson stating: “As we close out the first quarter of the year, Sandra and I have agreed to transition […]

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