Louis Vuitton Möet Hennessy bought a 60% stake in Off-White, boosting LVMH deeper into the sportswear markets with ties to its unrivaled roster of brands. Abloh is one of the rare Black designers with a leading role at the top of the fashion pyramid as head of menswear for Louis Vuitton.
Read MoreYEEZY’s Kanye West at the Gap, Fear of God’s Jerry Lorenzo at adidas, Aimé Leon Dore’s Teddy Santis at New Balance, Pyer Moss’ Kerby-Jean Raymond at Reebok, and now Noah’s Brendon Babenzien, at J. Crew. Not to forget the moves of Virgil Abloh at Louis Vuitton and Kim Jones at Dior. Taken together, these shifts symbolize more than the latest round of designer musical chairs. The same designers that giant brands would not have considered just five years ago are now being completely relied upon to breathe new life into multi-billion dollar brands.
Read MoreThe online clothing resale market has expanded 21 times faster than regular retail since 2016 and it is expected to more than double in size reaching USD 41 billion in the next three years, according to a report by online reseller ThredUp. With revenue increasing, brands and retailers that previously disliked resellers profiting from their wares are forced to act and acquire these up and coming players, in order to play a role in this market.
Read MoreVenture capitalists continue to eye the growing streetwear market. After taking stakes in cult labels such as Supreme, Highsnobiety and Huf, this week investors targeted the sneaker resale marketplace Stadium Goods.
Read More
