aggressive stance in collecting debts. KAWS Inks “Artist in Residence” Deal with UniqloKAWSKAWS has signed a new deal with Uniqlo, becoming the latest “Artist in Residence” for the Japanese retailer. The partnership will see the artist create a series of limited edition T-shirts and hoodies, featuring his signature characters and designs. The collection is set to launch in the spring of 2022, and will be available at Uniqlo stores worldwide. This collaboration marks a continuation of Uniqlo’s successful partnerships with artists, including previous collaborations with Takashi Murakami and Yayoi Kusama.
Jaden Smith Takes Over as Christian Louboutin’s First Men’s Creative Director
Christian Louboutin has made a bold move by appointing Jaden Smith as their first-ever Men’s Creative Director. This groundbreaking decision marks a new era for the luxury brand, with Smith bringing a fresh and modern perspective to the table. At just 27 years old, Smith is the youngest person to hold this position since the company’s inception in 1991. His debut collections are set to be unveiled in January at Louboutin stores and during Paris Fashion Week, showcasing a collaboration that reflects a shared creative vision between Smith and the brand’s founder.
SSENSE Secures $40 Million in Financing and Restructuring Plan Approval
E-commerce platform SSENSE has received a much-needed boost with the successful securing of $40 million in new financing and court approval for its restructuring plan. This comes as a crucial lifeline for the company, which has faced financial challenges due to a decline in luxury spending and the loss of a key US shipping exemption. The funding, provided by a consortium of banks and the company’s founders, will be used to support the restructuring plan and explore potential sales or investment opportunities. CEO Rami Atallah sees this as the beginning of a new phase focused on rebuilding trust and securing the company’s future.
VF Corp. Sells Dickies to Bluestar Alliance for $600 Million
After a seven-year partnership, VF Corp. has sold its workwear brand Dickies to Bluestar Alliance for $600 million. Despite its status as a beloved American brand, Dickies has struggled under VF Corp.’s ownership. This acquisition aligns Dickies with Bluestar’s portfolio of streetwear-centric brands, signaling a potential shift towards leveraging its cultural influence. The sale is expected to revitalize the brand and strengthen its presence within the subcultures that have long championed it.
Nike Sues Don C Over Unpaid Invoices
In a surprising turn of events, Nike has filed a lawsuit against streetwear icon Don C and his boutique, RSVP Gallery, seeking nearly $200,000 in unpaid invoices. This legal action marks a public breakdown of the long-standing relationship between the brand and the influential co-founder of RSVP Gallery. It also follows a similar lawsuit against another former collaborator, indicating a more aggressive approach from Nike in collecting debts.
KAWS Becomes Uniqlo’s Latest “Artist in Residence”
Uniqlo has announced its latest “Artist in Residence” collaboration with none other than KAWS. The artist will be creating a series of limited edition T-shirts and hoodies featuring his iconic characters and designs. The collection is set to launch in the spring of 2022 and will be available at Uniqlo stores worldwide. This partnership continues Uniqlo’s successful collaborations with artists, including previous collaborations with Takashi Murakami and Yayoi Kusama.
