With creative directors playing musical chairs and brands churning out eight new collections a year, it can be hard to keep up with what’s happening in fashion. SLEEK covers the top stories from the past week to keep you up-to-date with what’s happening on the business side of things.
DKNY, images courtesy of Instagram
LVMH sells DKNY
LVMH has confirmed the sale of Donna Karan International to G-III Apparel Group Ltd at an enterprise value of $650 million. It is only the second time the French luxury conglomerate, who also owns Christian Dior and Louis Vuitton, has sold off one of their brands in its 30-year history.
The moves comes after an effort to relaunch the brand only one year ago. The new owners, G-III Apparel, also own Calvin Klein, Tommy Hilfiger and Karl Lagerfeld and will be hoping to relive the brand’s earlier success. During the Eighties and Nineties, Donna Karan was the go-to brand providing key pieces for the working women’s wardrobe.
Image from Tuesday Bassen’s Instagram
Zara Copyright Allegations
Zara has been highly criticised for allegedly copying independent designer Tuesday Bassen‘s work. The LA-based illustrator took to Instagram to call out the Spanish retail chain for creating almost identical designs. Zara replied to the young artist’s lawyer, denying the allegations and said “the lack of distinctiveness of your client’s purported designs makes it very hard to see how a significant part of the population anywhere in the world would associate the sign with Tuesday Bassen”. Since the social media backlash against Zara, yet more designers have come forward to report that the global high-street shop has stolen their work.
Images courtesy of Instagram
Peter Copping leaves Oscar de la Renta
Peter Copping has stepped down from his Creative Director role at Oscar de la Renta. The Central Saint Martin’s graduate revealed in a statement that “personal circumstances require me to return to Europe” as he confirmed his departure from the New York-based brand. Copping, who has also worked for Nina Ricci and Louis Vuitton, was appointed at the helm of the of the fashion house in 2014, not long before the death of the brand’s founder.
Images courtesy of Instagram
A New Direction for Tiffany & Co.
The American jewellery brand Tiffany & Co. has cast celebrities in a campaign for the first time. Oscar-winner Lupita Nyong’o, supermodel Christy Turlington Burns and actress Elle Fanning are the famous faces chosen to represent the brand’s new direction for AW16. The move comes after Grace Coddington of American Vogue became a creative partner at the jeweller famous for its classic blue gift boxes. The portraits were taken by British Fashion photographer David Sims.