Must Read: Tapestry and Capri Holdings Terminate $8.5 Billion Merger, Carolina Herrera Collaborates With Frame

These are the stories making headlines in fashion on Thursday.

Tapestry and Capri Holdings terminate $8.5 billion merger

Tapestry, Inc. and Capri Holdings have mutually terminated the merger agreement that would have combined Tapestry’s Coach, Stuart Weitzman and Kate Spade with Capri’s Michael Kors, Jimmy Choo and Versace. This decision comes after the U.S. Federal Trade Commission (FTC) sued to block the merger on antitrust grounds, and a federal judge ruled in favor of the FTC in October, blocking the acquisition. In a Tapestry press release, the company stated that terminating the agreement “is in the best interest of both companies” amid the uncertain outcome of the legal process. {Tapestry}

Carolina Herrera launches collaboration with Frame

Carolina Herrera is teaming up with Frame for its first-ever denim capsule collection. With prices ranging from $498 to $1,198, the line includes five silhouettes that combine Frame’s denim styles with Carolina Herrera’s vibrant color palette. The collection will make its debut at the Carolina Herrera Resort 2024 runway show in Mexico City on Thursday, and it will be available starting at 12 p.m. ET at both Carolina Herrera and Frame retail locations in addition to retailers such as Net-a-Porter, Neiman Marcus and Bergdorf Goodman. See the collection’s lookbook below. {Fashionista inbox}

SZA covers British Vogue

SZA is British Vogue‘s December 2024 cover star. Photographed by Nadine Ijewere and styled by Julia Sarr-Jamois, the singer wears an Alexander McQueen green cable knit cardigan and skirt on the cover. In the cover story written by Amel Mukhtar, SZA discusses her relationship with fame, her experience getting a BBL and headlining at Glastonbury. British Vogue‘s December issue will be available on newsstands Nov. 19. {British Vogue}

Alexa Chung teams up with Madewell for a second time

Following Alexa Chung‘s collaboration with Madewell earlier this fall, the two are teaming up for second limited-edition capsule collection. Launching on Thursday, the 15-piece capsule features a corduroy blazer and mini skirt, a silk Western shirt and denim offerings. With prices ranging from $118 to $348, Chung’s second collection is available now on madewell.com; see every item below. {Fashionista inbox}

Applications open for 2025 LVMH Prize

Applications for the 2025 LVMH Prize are open now until Jan. 12. The LVMH Prize for Young Fashion Designers is open to fashion designers between 18 and 40 years old who have created at least two womenswear, menswear or genderless ready-to-wear collections. The winner receives a €400,000 endowment and a tailored mentorship. The LVMH Prize also includes the Karl Lagerfeld Prize and the Savoir-Faire Prize, which both award a €200,000 endowment and a one-year mentorship. LVMH also awards a prize supporting young fashion school graduates which will offer three winners a one-year fixed-term contract with the creative studios of the group’s major houses, a €10,000 allocation and a grant to help settle in Paris. Applications for 2025 graduates are open now until March 30. Designers can apply to any of the prizes now on lvmhprize.com. {Fashionista inbox}

Diesel and Damiano David co-design capsule collection

Diesel‘s global ambassador and musician Damiano David co-designed a genderless 13-look capsule collection with Creative Director Glenn Martens. Combining David’s personal style with Diesel’s nonconformist self-expression, the collection includes burnout jersey tops, ultra-wide-leg drawstring pants, denim oversized suits, a maxi skirt, cargo pants, knitwear and more. Select pieces in the capsule also feature prints and patterns of David’s own tattoos. See the collection’s campaign imagery starring David, below. {Fashionista inbox}

IMG exits Australian Fashion Week

IMG announced that it will no longer back Australian Fashion Week, which takes place in Sydney each May. The media company also announced that it will no longer facilitate the Australian Fashion Laureate, a ceremony honoring the best names in Australian fashion. It is yet to be confirmed if Australian Fashion Week will take place in 2025 or when a new owner will be announced. {Vogue Business/paywalled}

Please note: Occasionally, we use affiliate links on our site. This in no way affects our editorial decision-making.

Tune into the Fashionista Network to join the conversation with fashion and beauty industry leaders. Sign up here.

Source: Fashionista.com