st collection for the brand in July. Gucci’s Sales Drop 25% in Q1, Dragging Down Kering’s RevenuePascal Le Segretain/Getty Images Gucci, the flagship brand of luxury conglomerate Kering, has reported a 25% drop in sales in the first quarter of 2021. This decline has dragged down the overall revenue of Kering, which also owns brands like Saint Laurent and Balenciaga. The decline in sales is attributed to the ongoing pandemic and the closure of many of Gucci’s physical stores. However, the brand has seen a significant increase in online sales, with a 43% rise in the first quarter. Gucci’s creative director Alessandro Michele has also announced that the brand will be reducing its number of fashion shows per year from five to two, in an effort to reduce waste and focus on sustainability. French Designer Jacquemus Opens LA Outpost, Willy Chavarria Drops SS25 Collection “América”Jacquemus/Instagram French designer Simon Porte Jacquemus has opened a new outpost in Los Angeles, adding to his existing stores in Paris and London. The store, located on Melrose Place, features a pink exterior and a minimalist interior, showcasing the brand’s signature playful and feminine aesthetic. Meanwhile, contemporary designer Willy Chavarria has released his SS25 collection “América,” which includes a partnership with the American Civil Liberties Union (ACLU). The collection features bold and colorful designs, inspired by Chavarria’s Latinx heritage and his experiences growing up in California. F1 Champion Lewis Hamilton Collaborates with Dior on Capsule Collection Inspired by AfrofuturismDior/Instagram Formula One champion Lewis Hamilton has teamed up with Dior for a new capsule collection inspired by the aesthetics of Afrofuturism. The collection, titled “Future Heritage,” features bold and futuristic designs, including a jumpsuit and a bomber jacket with a holographic finish. Hamilton, who has been a long-time fan of Dior, said in a statement, “I’m so grateful to have been able to work alongside the Dior team to bring this collection to life. We wanted to create something that celebrates the rich heritage of the brand while also pushing the boundaries and exploring new territories.”
In this week’s top fashion news: Luxury houses adapt to uncertain times, contemporary designers and ambassadors bring fresh perspectives.
Hermès to Increase Handbag Production Amidst Tariff Hike
Chanel Taps Kendrick Lamar for SS25 Eyewear Campaign
Gucci’s Sales Drop 25% in Q1, Affecting Kering’s Revenue
Jacquemus Opens LA Outpost, Willy Chavarria Drops “América” Collection
F1 Champion Lewis Hamilton Collaborates with Dior on Afrofuturism-Inspired Capsule Collection
Welcome to this week’s edition of the top fashion news, where we bring you the latest updates from the world of luxury and contemporary fashion. From new strategies to fresh perspectives, here’s what’s been happening in the industry.
Hermès, the iconic French label, has announced plans to increase handbag production in response to the recent tariff hike. The brand will be opening several new artisanal factories in France, including a Loupes factory next year and a Charleville-Mézières factory in 2027. Customers can expect to see production increase this year with the opening of a new factory in central France. This news comes after Hermès replaced LVMH as the world’s most valuable luxury stock, with a market cap of $276.3 billion USD.
Chanel, another iconic French label, has made a different move by enlisting rapper Kendrick Lamar as the face of its SS25 eyewear campaign. The campaign, which also features ambassadors Lupita Nyong’o, Margaret Qualley, and Nana Komatsu, marks Lamar’s debut as a Chanel ambassador. The brand’s new creative director, Matthieu Blazy, will also be making his debut with the label in July.
In other news, Gucci, the flagship brand of luxury conglomerate Kering, has reported a 25% drop in sales in the first quarter of 2021. This decline has affected Kering’s overall revenue, but the brand has seen a significant increase in online sales. Gucci’s creative director, Alessandro Michele, has also announced plans to reduce the number of fashion shows per year from five to two, in an effort to focus on sustainability.
On the contemporary front, French designer Jacquemus has opened a new outpost in Los Angeles, adding to his existing stores in Paris and London. The store features a pink exterior and a minimalist interior, reflecting the brand’s playful and feminine aesthetic. Meanwhile, designer Willy Chavarria has released his SS25 collection “América,” which includes a partnership with the American Civil Liberties Union (ACLU). The collection celebrates Chavarria’s Latinx heritage and his experiences growing up in California.
Finally, F1 champion Lewis Hamilton has collaborated with Dior on a capsule collection inspired by Afrofuturism. Titled “Future Heritage,” the collection features bold and futuristic designs, including a holographic jumpsuit and bomber jacket. Hamilton, a long-time fan of Dior, expressed his excitement about the collaboration, saying, “We wanted to create something that celebrates the rich heritage of the brand while also pushing the boundaries and exploring new territories.”
That’s all for this week’s top fashion news. Stay tuned for more updates and trends in the industry.
