Must Read: Tina Turner's Impact On Fashion, Adidas Struggles To Regroup After Yeezy

These are the stories making headlines in fashion on Thursday.

Tina Turner’s impact on fashion
On Wednesday, iconic singer Tina Turner passed away at 83. The rock ‘n’ roll and R&B singer broke down barriers as a Black woman in the ’60s, ’70s and ’80s, while developing a signature style on the fashion front. She challenged fashion unlike any other female artists of her time and worked closely with designers such as Bob Mackie and Azzedine Alaïa. “She came closer than perhaps any of her peers to articulating through clothes the yearning for independence, rebellion and danger that the music of that time embodied,” wrote Rachel Tashjian for The Washington Post. {The Washington Post}

Adidas struggles to regroup after Yeezy
After Adidas dissolved its multibillion-dollar partnership with Yeezy, the company experienced financial collapse as it lost footing in target markets and saw a 40% decrease in profits. According to Bloomberg, around $1.3 billion worth of unsold Yeezys is sitting in inventory. Adidas management has finally decided to sell the remaining pairs and give a portion of the sale proceeds to charity. As the company scrambles to financially stabilize, it’s forecasted Adidas will lose more than $700 million this year. So how should Adidas move forward? Huge discounts and a rebrand. “Adidas needs a complete overhaul after the Yeezy disaster,” said Janne Werning, head of ESG capital markets and stewardship at German shareholder Union Investment. “After these lost years, [Adidas CEO Bjørn] Gulden has a lot of work ahead of him.” {Bloomberg/paywalled}

Chanel reopens its Hamptons Ephemeral Boutique
On Thursday, Chanel reopened its Hamptons Ephemeral Boutique — a 2,500-square-foot gem located at 26 Newtown Lane in East Hampton. Per the press release, the boutique has been “reimagined as a perfectly Parisian summer fantasy,” filled with timeless Chanel codes such as the black, white and gold color palette and accent pieces inspired by Mademoiselle Chanel’s Paris salon. The two-story space offers handbags, small leather goods, accessories, watches & fine jewelry creations, fragrance & beauty, and fresh and modern silhouettes from the Coco Beach and Métiers d’art 2023/24 collections by Virginie Viard. {Fashionista inbox}

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Farm Rio and Sézane launch first-ever collaboration
Farm Rio and Sézane co-designed a 40-piece line merging Farm Rio’s bold and tropical prints with Sézane’s timeless French-girl styles. “I felt an immediate connection when I met Katia Barros (founder of Farm Rio),” Morgane Sézalory, founder and creative director of Sézane, said in a statement. “We both share an ardent passion for creative pieces in surprising color palettes that can be worn forever. I couldn’t think of a better way to celebrate the story of Sézane than with Farm Rio — a brand which places adventure, freedom and people at the heart of everything.” Farm Rio x Sézane will be available on both brands’ websites and in select stores on May 28. {Fashionista inbox}

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Source: Fashionista.com