Weekly fashion round-up: April 26

This week, some of the biggest news moments in fashion include an upcoming special auction, brand revenue details, an antitrust lawsuit and more.

The occasion was the announcement of Christie’s upcoming auction of Vivienne Westwood’s personal wardrobe. This was followed by the announcement that Miu Miu sales had increased by 89% compared to last year.

Elsewhere, the LVMH Prize announced its 2024 finalists; Hedi Slimane is reportedly leaving Celine; the US is suing to block an $8.5 billion merger of Tapestry and Capri and Drake’s Nike NOCTA has released its L’Art de L’Automobile Racing Collection.

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

Christie’s is to sell Vivienne Westwood’s personal wardrobe

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Christie’s is preparing to sell the personal wardrobe of the late revolutionary fashion designer Vivienne Westwood.

For the auction, Vivienne Westwood’s husband and her label’s creative director, Andreas Kronthaler, have curated special looks from her wardrobe that will appear in two auctions. The two auctions include more than 200 lots spanning four decades of Westwood’s culture-changing work.

The live auction will take place in London on June 25, while the online auction will run from June 14 to June 28. In addition, the auctions will benefit a range of charities, including the Vivienne Foundation, Amnesty International and Doctors Without Borders. .

Miu Miu’s turnover has increased by 89% compared to last year

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Earlier this week, the Prada Group announced an 89% year-on-year sales increase for Miu Miu.

The playful appeal of collegiate-inspired and pleated miniskirts have taken the fashion world by storm, appearing on magazine covers and in global street style looks. The increase of 89% follows last year’s 58% increase in turnover.

“During the first quarter, we delivered solid performance in a more challenging market environment,” Prada Group Chairman Patrizio Bertelli said in a statement.

Meet the eight finalists of the 2024 LVMH Prize

Lvmh

The LVMH Prize is perhaps one of the most coveted fashion prizes in the industry for emerging designers. The award has seen previous winners such as Casablanca, SS Daley, Peter Do, Marine Serre, Wales Bonner and more. Now the conglomerate has announced the finalists of the 2024 LVMH Prize.

Hailing from countries such as Ireland, the Netherlands, the United States, Belgium and more, the nine finalists are Aubero, Duran Lantink, Hodakova, Marie Adam-Leenaerdt, Niccolò Pasqualetti, Paolo Carzana, Pauline Dujancourt and Standing Grond.

In addition to the grand LVMH Prize and the runner-up Karl Lagerfeld Prize, the prize also includes another prize, the Savoir-Faire Prize. The finalists will present their collections at the Louis Vuitton Foundation on September 10.

Hedi Slimane could leave Celine amid contract negotiations with LVMH

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Earlier this week, Matters of fashion reported that Hedi Slimane is currently negotiating his contract with LVMH and as a result could leave as creative director of Celine.

Slimane has been the label’s design leader since Phoebe Philo’s departure in 2018, but with his six-year contract coming to an end, the designer and the luxury conglomerate are now in active negotiations. Furthermore, it was reported that Slimane demands a higher than average salary, in addition to royalties on all products.

Stay tuned for updates on Slimane’s renewal or departure from Celine.

US sues to block $8.5 billion merger of Tapestry and Capri over antitrust concerns

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The US Federal Trade Commission is suing Tapestry (the parent company of Coach and Kate Spade) to halt its $8.5 billion acquisition of Capri due to antitrust concerns. The FTC stated that the deal would eliminate competition in the luxury handbag market.

Note that Tapestry brings in more than $12 billion USD annually from its brands like Stuart Weitzman, Coach and Kate Spade, while Capri brings in about $4 billion USD annually from its roster than Michael Kors, Jimmy Choo and Versace.

The FTC said in a statement that the “proposed merger threatens to deprive millions of U.S. consumers of the benefits of Tapestry and Capri’s head-to-head competition, which includes competition on price, discounts and promotions, innovation, design, marketing and advertising. ”

L’Art de L’Automobile’s racing collection featuring Drake’s Nike NOCTA line is here

Nocta

After previously teasing the collection last month, the full L’Art de L’Automobile’s Racing Collection of Drake’s Nike NOCTA was released.

The co-branded collection draws on popular racing styles and offers an extensive selection of outerwear, tracksuits, a jersey, T-shirts, waterproof trousers and accessories. Special highlights are the blue-gold Racing Jacket, the Bala Tech Jacket and the multi-colored long-sleeved sweater.

The collection first released on April 25 at NOCTA and today on Nike’s SNKRS platform.