Must Read: Chanel and Pharrell Williams Drop a Sneaker, Stores Predict Successful Black Friday Sales - Fashionista

Must Read: Chanel and Pharrell Williams Drop a Sneaker, Stores Predict Successful Black Friday Sales

Plus, 7-Eleven is rolling out a line of cosmetics.
Author:
Publish date:
Photo: @colette/Instagram

Photo: @colette/Instagram

These are the stories making headlines in fashion on Wednesday.

The world's most exclusive sneaker from Chanel and Pharrell Williams is here
On Tuesday in Paris, Colette celebrated the launch of the very exclusive Pharrell x Chanel x Adidas Hu NMD shoe. The sneakers retail for $1,160 and are available exclusively via a random draw through Colette's website. Only 500 pairs were made and have a predicted resale value of $40,000. At the event, Justin Timberlake — the first person to snag a pair — Pharrell Williams and Karl Lagerfeld toasted to the collab among 200 other esteemed guests. {WWD}

Stores predict successful Black Friday sales
Retailers have faced numerous challenges over the past few years, with everything from changing consumer demands to macroeconomic forces working against them. However, reports reveal that stores are likely to have a lucrative holiday season, kicking off with a revenue-boosting Black Friday. The pleasant forecast stems from healthier economic conditions, steadily increasing digital sales and inventories that are better catered to consumer demands. {WWD}

7-Eleven is rolling out a line of cosmetics
7-Eleven — your one-stop-shop for coffee, cheesy snacks, headache drugs and toilet paper — is introducing an exclusive line of beauty called "Simple Me Beauty." With this 40-item cosmetic line, the convenience store wants to capitalize on the millennial and Gen-Z beauty craze that has a whole range of traditional apparel retailers suddenly making contouring and eye palettes. Can we expect gas stations to roll out the next line of k-beauty goods? {WWD}

Inside society's shifting views of luxury goods
In her latest for The Washington Post, Robin Givhan dives into luxury goods and our society's shifting views of the pricey gold-plated, diamond encrusted, limited-edition lavish possessions over time. Historically speaking, luxury was synonymous with innovation, artistry and quality; now the term "luxury" defines an assortment of really expensive objects that assert ones economic standing over others. {The Washington Post}

Fashion's favorite car dealer brings his goods to Ssense 
Arthur Kar got his start in luxury vehicles at the age of 16 when he begged for a job at Porsche, and now at 33, he's a car collector and dealer of rare vintage automobiles at his company, L'Art de l'Automobile. He's far from a sleazy car salesman; in fact, he possesses a perennially chic sense of style in both his choice of vehicles and clothes, which he brings to his new collaboration with the luxury Canadian e-tailer Ssense. Launched on Wednesday, the collection boasts a selection of tees plastered with retro graphics inspired by Kar's dealership and one very special, sleek white 1978 Ferrari 308 GTB. {Ssense}

An LA-based Venmo scammer has stolen $125,000 worth of Yeezys, iPhones, Chanel bags and more
If you're ever going through your Venmo feed and see a several thousand dollar exchange with a man named Andy Mai amid $10 Uber and pizza slice charges with Facebook friends, then you should be alarmed. Mai is an LA-based criminal who's purchasing hyped items such as new iPhones, Yeezys, Chanel bags and more through Venmo with illicit funds. He's scamming numerous people, and because Venmo doesn't provide fraud protection, the beloved money transfer app leaves users vulnerable to people like Mai. The lesson is this: Only transact with people you know and trust. {The Verge}  

Never miss the latest fashion industry news. Sign up for the Fashionista daily newsletter.