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Must Read: LVMH Might Have Bought Supreme, Raf Simons's Influence on American Fashion

Plus, Puma has Rihanna to thank for a successful fiscal year.
Photo: Instagram/@louisvuitton

Photo: Instagram/@louisvuitton

These are the stories making headlines in fashion on Thursday.

Did LVMH just acquire Supreme?
According to an unnamed source, luxury conglomerate LVMH might have just purchased Supreme for a cool $500 million, following an extremely buzzy collaboration between the streetwear brand and key house, Louis Vuitton. For now, this remains just another — albeit extra-juicy — fashion rumor, but we'll keep our eyes peeled for any official announcements. [Update: The New York Times' Vanessa Friedman Tweeted that this rumor was in fact false.] {High Snobiety}

How Raf Simons's Calvin Klein debut will affect American fashion
Simons's womenswear debut on the New York Fashion Week calendar has been one of the most hotly anticipated shows for months now, but how will the Belgian designer taking the helm at an iconic American house impact our industry as a whole? "All those houses that take on new people, it's always a challenge and a gamble," said Grace Coddington to the Times. "You just pray that it works for everybody." {The New York Times}

Puma reports successful fiscal year despite losses in Q4  
After praising the success of Fenty in every quarter of 2016, Puma officially has Rihanna to thank for a successful fiscal year. In its full-year earnings report, it credited the increasing success of its women's category to Rihanna's line — particularly the Fenty creeper, which "repeatedly sold out worldwide within mere hours of hitting the stores as soon as we launched new colourways," per the press release. Even in ready-to-wear, women's items have been top performers and in some cases acted as a "door opener" for retailers to start carrying more men's and kids' styles. The brand also noted the increased visibility achieved by ambassadors Kylie Jenner and Cara Delevingne, though it said it would be bringing on more athlete ambassadors in the new year — without ditching its celebrity contingent, however. Revenue was up 10 percent for the year. {WWD}

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Solange Knowles covers the March issue of Elle
The artist stars on the fashion magazine's Spring Fashion Issue, photographed by Terry Tsiolis and styled by Samira Nasr. In the cover image, Solange can be seen in a fire-engine-red coat by Norma Kamali and crimson pleated pants by Issey Miyake. {Elle}

Retailers are already buzzing over Riccardo Tisci's possible move to Versace
Although nothing has been officially confirmed, according to market sources cited in WWD, Riccardo Tisci is poised to succeed Donatella Versace as the next creative director of her family's fashion house. The prospect of the news is already sending major retailers into a frenzy. And it's not without good reason, either: Givenchy saw tremendous growth under Tisci, growing six-fold and raising revenues now estimated at over than 500 million euros. {WWD

Estée Lauder will expands its Victoria Beckham makeup collection
Victoria Beckham fans, rejoice: Estée Lauder is resurrecting a curated selection of products from its fall 2016 collaboration with Victoria Beckham. Along with your past favorites, the beauty giant will be launching two new products, a matte nude lipstick and a bronzer. Look out for the collection hitting counters next month. {Fashionista inbox}

But wait, there's more Carolina Herrera drama
After an ugly lawsuit filed by Carolina Herrera against Laura Kim, a former designer for the house who has since taken up post at competitor Oscar de la Renta, Page Six has reported that the brand's own CEO, Francois Kress (whose reported exit was announced last month), had in fact attempted to replace her with Kim. This has also led to a reported feud with her vice president of design, Raffaele Ilardo, with one source saying that "Carolina angrily stormed out of a meeting with him this week," but that Ilardo isn't having any of it, and is threatening to walk out days before her runway show. {Page Six}

Expect more Melania Trump coverage in Vogue
For someone who was such a vocal supporter of Hillary Clinton, it seems that Vogue editor-in-chief Anna Wintour has no qualms over covering Melania Trump in the pages of the fashion glossy. "We have a tradition of always covering whoever is the first lady at Vogue and I can’t imagine that this time would be any different," said Wintour in a new interview with The Wall Street Journal, adding that she expects that designers will be "inspired" by the current political climate and that the coming years will be "incredibly creative." {The Wall Street Journal}

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