Fashion is an industry that never sleeps. Whether it’s designer moves, new editors or company acquisitions Culture Trip brings you the skinny on the major fashion news of now.
LVMH Acquires Dior, Jimmy Choo goes on Sale
A major player in the luxury market, Dior is to be brought into LVMH’s already extensive collection of brands by May or June. In spite of excited headlines to the contrary, Bernard Arnault, chairman and CEO of LVMH is already a majority shareholder in Dior, which means the move to unite all facets of the Dior brand under one (proverbial) roof isn’t too surprising. The $13 billion deal will help LVMH strengthen their offering. Meanwhile, Jimmy Choo went up for sale, pending a buyer.
Alexandra Shulman resigns as Editor-in-Chief of British Vogue, replaced by Edward Enninful
First Alexandra Shulman announced she would be departing as Editor-in-Chief of Vogue. Though surprising, the announcement coincides with her 25th year at the helm of the publication, and sees Shulman wrapping up a prolific year of 100th anniversary Vogue celebrations. Having steered the magazine through a landmark exhibition at the National Portrait Gallery, a divisive centenary issue with Kate Middleton as the cover star (some thought it was boring and irrelevant, others thought it was inspired) and a Real Women issue, Shulman departs on a high. Replacing Shulman is former creative and fashion director of W, Edward Enninful.
Claire Waight Keller leaves Chloé, goes to Givenchy
In designer news, Chloé’s Creative Director Claire Waight Keller announced her departure from the brand, having dutifully and imaginatively upheld its romantic legacy for over six years. According to The Guardian, the commute from London to Paris had begun to take its toll. In March, she was named the successor of Riccardo Tisci and moved to Givenchy.
Riccardo Tisci leaves Givenchy, rumoured to go to Versace
Most recently came news of Riccardo Tisci’s departure from Givenchy after 12 years as head of the house. Tisci was responsible from taking the brand out of crisis and into the digital age, making smart use of social media to build new audiences; fans included Kim Kardashian and Nicky Minaj, and there are already speculations that he will move to Versace. These departures follow on from a now almost-established trend wherein creative directors have embraced the flux of fashion at professional as well as sartorial level: in the last years the likes of Raf Simons and Alber Elbaz left coveted positions at major fashion houses.
Whatever the haters might say about fashion, it’s never dull.