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Must Read: Kanye West Rumored to Show Yeezy Season 5, A Supreme and Louis Vuitton Collab Might Be Happening

Plus, Pharrell Williams is starring in a new Chanel campaign.
Models at Yeezy Season 3. Photo: P Yim/Getty Images

Models at Yeezy Season 3. Photo: P Yim/Getty Images

These are the stories making headlines in fashion on Wednesday.

Is Yeezy Season 5 happening?
Despite widespread backlash to Kanye West's Yeezy Season 4 runway show last season (see: fainting models, "multiracial women only" casting calls), the Grammy winner reportedly has no plans to stop designing, and is currently slated to show a fifth collection at New York Fashion Week next month, according to an anonymous source quoted in Page Six. Details remain scarce, and it has yet to be confirmed. {Page Six}

Supreme and Louis Vuitton might be partnering on a collection
...which, let's be honest, would be the buzziest drop ever. After leaked photos surfaced on social media depicting some alleged Supreme x Louis Vuitton sweaters, tees and accessories, many streetwear and fashion enthusiasts are now under the impression that an official partnership might be in the works. We can only imagine how many fans would camp out for this limited-edition line. {Hypebeast

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Pharrell Williams will front Chanel's new handbag campaign
The musician, designer, prolific collaborator and Karl Lagerfeld favorite will reportedly star alongside brand faces Kristen Stewart, Cara Delevingne and Caroline de Maigret in Chanel's forthcoming advertising campaign for the brand's newest handbag, the Gabrielle — the first time Chanel accessories ad has ever featured a man. Keep your eyes peeled for the official launch of the visuals this spring. {WWD}

"We want to create something so exciting, so coveted, you want to go to that destination."
Paper magazine's Chief Creative Officer Drew Elliott (who is also a judge on the current season of "America's Next Top Model") has big plans for the art-meets-fashion glossy, which Elliott views as a full-fledged brand and omnichannel experience. As far as what we can expect in the future? Boosting digital presence, discovering up-and-coming faces and probably continuing to break the internet. {The New York Times}

It's a Prada world, we just live in it
There's no denying that many old-school fashion houses are playing catch-up when it comes to adapting to the internet age, but Miuccia Prada has a brand new global plan. Prada365, the Italian house's newest project, aims to transform the brand ethos into a multi-platform campaign that will manifest itself across imagery in print, on social media, online and in video. "If you're approaching more and more people — different mentalities, different religions, different cultures — you have to put more of yourself out there," says Prada to BoF. {Business of Fashion}

How do brands maintain their identities with a celeb spokesperson?
Also known as the "vampire effect" — when an especially star-powered individual is named the face of a brand — the ubiquity of the person can sometimes overshadow the advertised product, or the brand itself. However, there's no denying that when it works, it works. Cases in point? Justin Bieber and Kendall Jenner for Calvin Klein, or Michael Jordan for Nike. {Hypebeast}

Schiaparelli awarded haute couture status
The house of Schiaparelli, which is celebrating its 90th anniversary this year, has officially been granted Haute Couture status by the French Ministry of Industry and the French Couture Federation, as the brand confirmed to British Vogue. The label, which made a triumphant return to the Couture Fashion Week calendar back in 2014, had previously been showing under guest status. Congratulations! {Vogue UK}

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