Celebrity Life

The documentary showcasing the work put into the Christian Dior: Designer of Dreams exhibition is now available on YouTube.

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After three years, Clare Waight Keller takes her leave from Givenchy with no successor named. What's next for the fashion house?

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Luxury fashion brands around the world are tapping on their influence and financial reserves to fight against Covid-19.

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The supercar and streetwear world come together, because, why not?

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Dubbed Loewe En Casa, the series will educate you on crafts and innovation with the help of its artisans and collaborators.

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Italian tailoring and Californian apocalyptic sub-culture meet in unexpected ways in the new Zegna and Fear of God collection.

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Stirrings from Mulberry, Louis Vuitton, and Ermenegildo Zegna.

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New developments from Bottega Veneta, Paul Smith and Saint Laurent.

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Jet-setting actor can unpack his “own bedroom” from his trusty Tumi suitcase.

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Luxury online retailer Farfetch has just acquired New Guards Group (NGG) – the Italian contemporary fashion company for HK$5.3 billion (US$675 million).

The fashion deal intends to add a “brand platform” layer to the company and build a “brand of the future” while “expanding its capabilities to now include design, production and brand development” explains a spokesperson for Farfetch. By acquiring NGG, Farfetch will be able to provide the opportunity to develop and introduce new labels and exclusive capsule collections with its existing portfolio including Off-White, Marcelo Burlon: County of Milan, Palm Angels, Ben Taverniti, Unravel Project, Heron Preston, Alanui and Kirin Peggy Guo.

[inline-quote author="José Neves, founder of luxury online retailer Farfetch"]"The addition of New Guards’ brand platform brings a creative and industrial dimension to our suite of capabilities which, combined with our community of more than 650 boutiques, enables us to power and promote both new and existing creative names in the luxury industry to build the brands of the future. "[/inline-quote]

Shortly after the news of the acquisition, founder of streetwear brand Off-White and artistic director of Louis Vuitton Virgil Abloh made a statement to clarify the effects of the deal to his brand. “Off-White would like to clarify our ownership structure. Off-White LLC, which is controlled by Virgil Abloh, owns the trademark of our brand, and NGG is our exclusive licensee pursuant to a multiyear agreement. The New Guards Group transaction with Farfetch will not affect Off-Whit’s day-to-day operations as the New Guards Group team will become part of Farfetch. We look forward to our ongoing work together,” explains Abloh.

[caption id="attachment_158136" align="alignnone" width="1100"] Virgil Abloh's Off-White SS2020 runway looks inspired by hip-hop and graffiti[/caption]

But since the change of ownership, it has been reported that the Farfetch stock has nosedived 45 percent at US$10.09 after the news broke out, including the announcing of chief operating officer Andrew Robb leaving the company. Farfetch founder José Neves has already suffered a loss since acquiring Stadium Goods, but is hopeful that purchasing these two companies will reclaim their company value as it is currently far from profitable.

The post Farfetch Drops HK$5.3 Billion to Acquire Off-White Parent Company New Guards Group appeared first on Prestige Online - Hong Kong.

After a series of race-sensitive missteps over the last few months in the fashion world, a special division dedicated to ensuring responsible communication and an all-inclusive profile is not just a step in the right direction, but rather an essential one. And as one of the world’s leading and most respected brands, Chanel has taken this important step forward by instituting a Head of Diversity & Inclusion for the first time in the company’s history.

Fiona Pargeter, who has been hired to fulfil this profile, comes with an impressive pedigree, having previously held a similar position at Swiss bank UBS for Europe, the Middle East and Africa. As expected, Pargeter’s role here will be to improve diversity efforts and foster a comprehensive multi-cultural environment at Chanel. Until now, this responsibility had been taken care of by the French label’s People & Organisation department. Several fashion entities have recently amped up their company’s strategies to establish and expand their inclusivity platforms as well. This includes Gucci who, in March, announced their aims to implement a racial diversity initiative to be headed by Dapper Dan, the acclaimed Harlem-based American fashion designer.

It remains to be seen how some of the other fashion houses, such as Prada, Dolce & Gabbana and Off-White™, who have been at the receiving end of severe criticism for some of their actions and products that were deemed racially insensitive, plan to handle these issues.

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