Mind Uncharted Explore. Discover. Learn.
Top Fashion Headlines of the Week
Kim Kardashian’s SKIMS Set to Be Valued at $4 Billion USD Ahead of Pre-IPO Round
Kim Kardashian’s shapewear label, SKIMS, is reportedly in the process of a pre-IPO fundraising round that will value the company at $4 billion USD. The fundraising effort includes “mutual funds and family offices” and will give the company an advantage for a potential public offering in the next six to twelve months. SKIMS, which has only been in business for four years, has gained massive success due to its famous founder, popular products, and high-profile campaigns featuring celebrities like Snoop Dogg and SZA.
Shein Accused of Copyright Infringement in New Lawsuit Citing RICO Violations
Chinese fast-fashion giant Shein is facing a lawsuit from three designers who claim the company has violated the Racketeer Influenced and Corrupt Organization Act (RICO) by repeatedly infringing on their intellectual property. The lawsuit alleges that Shein has “grown rich by committing individual infringements over and over again” and uses a complex system to steal designs from artists. The designers are seeking to put a stop to Shein’s “illegal operation” and prevent the company from producing and selling copies of their work.
Rihanna Fronts Savage X Fenty’s New Sheer X Lingerie Campaign
Rihanna debuted Savage X Fenty’s new Sheer X lingerie collection in a campaign featuring her pregnancy bump. The collection, designed by Rihanna herself, aims to strike a balance between comfort and sensuality with breathable materials and lightweight constructions. The campaign images, shot by Dennis Leupold, showcase the new cuts and designs of the Sheer X line. The collection is now available for purchase on the brand’s website.
Hiroshi Fujiwara Auctions Off Personal Belongings at Sotheby’s
Sotheby’s has opened an auction titled “PERSONAL EFFECTS” featuring personal items from streetwear designer Hiroshi Fujiwara. The auction includes over 50 items spanning fashion, art, and collectibles, including a 1936 Levi’s jacket, a Nike Dunk Hi x Fragment Design prototype, and a vintage Hermès Haut à Courroies. The auction offers a unique look into Fujiwara’s personal collection and is open for bidding via Sotheby’s Hong Kong.
Fiorucci Named a New Creative Director, CEO, and Investor
Following the departure of Daniel W. Fletcher, Fiorucci has appointed a new creative director, CEO, and investor. Francesca Murri, who has worked at brands like Versace and Gucci, will take on the role of creative director, while Alessandro Pisani becomes the new CEO. New investor Dona Baertarelli will support the brand’s creative reconstruction. Fiorucci plans to return to Milan for its next era, aiming to revive its playful and disruptive heritage.
Ralph Lauren Will Return to New York Fashion Week This September
Ralph Lauren is set to stage a runway show during New York Fashion Week in September. The event, which will include a women’s collection, marks Lauren’s return to the fashion week calendar after a two-year hiatus. The exact location for the show has not been announced yet. In recent years, Lauren has held off-calendar shows in both New York and Los Angeles.
Prada Named Official Partner of the Chinese Women’s National Football Team
Prada has announced its partnership with the China Women’s National Football Team, also known as the “Steel Roses.” The team will wear Prada designs for formal events and travel, including a black blazer, matching trousers, button-down shirts, and Prada loafers. The collaboration aims to provide the team with a fresh and contemporary off-the-field image, highlighting the team’s global reputation and inspiring young female athletes.
Fashion Revolution Transparency Index Offers New Insights on the Industry’s Sustainability Aims
The Fashion Revolution Transparency Index, an annual report that assesses the sustainability commitments of fashion brands, has revealed some interesting findings. Gucci and OVS scored the highest on the index, surpassing the 80th percentile. However, several big-name brands, including Tom Ford and Fashion Nova, received a rating of 0%, indicating little to no transparency in their sustainability practices. The index aims to hold brands accountable and provide insights into the industry’s progress towards sustainability goals.
