Photo: Eric Thayer/Bloomberg via Getty Images
These are the stories making headlines in fashion on Monday.
Is the dream of “an American LVMH” over?
With the Federal Trade Commission attempting to block Tapestry’s $8.5 million acquisition of Capri Holdings, the dream of an American luxury fashion conglomerate as vast as LVMH is seemingly squashed, as the FTC is likely to make life difficult for other industry dealmakers as well. Attorney Jonathan Lazarow tells WWD, “The FTC doesn’t view those luxury groups in the same way that the luxury groups view themselves. They’re about creating environments where artists could create commercial art — and [the regulators] don’t see it.” {WWD}
How one family built a legacy in the Black hair-care industry
For Elle, Kayla Greaves explores how one family has spanned generations in the Black hair-care industry, starting with Pro-Line founder Comer Joseph Cottrell Jr., who brought relaxers to the masses. “[The 1970s] were a special time for Black people taking pride in their natural hair. My father was absolutely ahead of his time and had a knack for understanding consumers —what they needed, wanted, and how to reach them,” his daughter Renee Cottrell Brown tells Elle. In 2020, Autumn Yarbrough, daughter of Cottrell Brown, created Nu Standard — an updated line of at-home and in-salon hair products — cementing the family’s legacy in the Black hair-care space. {Elle}
Fashion and beauty brands are doubling down on TikTok Shop despite a potential ban
Despite the potential ban on TikTok, brands like Rare Beauty, Beachcomber and Tower 28 are continuing to bet on the app — especially its shopping feature, TikTok Shop. Jess Hunichen, co-founder of influencer talent management agency Shine Talent Group tells Business of Fashion, “Brands are still pumping money into it. We’ve not seen a shift in strategy yet from brands. [The ban] feels far off.” {Business of Fashion/paywalled}
Has Stüssy taken Supreme’s crown?
After undergoing a 2019 “refresh,” the streetwear brand Stüssy is once again dominating the hypebeast conversation. A new quality-over-quantity approach and collaborations with buzzy brands have led to a 360% increase in Google searches and an estimated $93.8 million in revenue a year. Part of its new success may have to do with the slowdown of Supreme. Rather than chase branded T-shirts and flashy trends, consumers are seeking out timelessness. Willa Bennett, editor-in-chief of Highsnobiety tells Vogue Business, “It’s all about style. It’s about investing in pieces that fit well, have interesting details, and will last a lifetime. It’s all about legacy.” {Vogue Business/paywalled}
What’s on the agenda at the 15th annual Global Fashion Summit?
From May 21-23, the 2024 Global Fashion Summit will take place in Copenhagen. The three-day event will host industry leaders as they discuss how best to collaborate on confronting environmental issues within the fashion industry, how to continue their commitment to previous pledges and how to lessen the industry’s environmental footprint overall. {Fashion United}
Photo: Courtesy of Zacapa Rum
Raul Lopez of Luar collaborates with Zacapa Rum
Raul Lopez, the founder and designer behind Brooklyn-based brand Luar, is partnering with Zacapa Rum on a new limited-edition hosting kit, launching May 1 on reservebar.com. The $760 kit — which includes Zacapa Rum, a cocktail shaker set and two glasses — is inspired by Luar’s beloved Ana bag. The collaboration also includes a $200 custom glass decanter surrounded by Petate weave and Luar leather. {Fashionista inbox}
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Source: Fashionista.com
