Must Read: Luxury Brands Open More Retail Outlets in London Despite Brexit, Michael Kors's Second Quarter Sales Failed to Impress Investors

Plus, Romee Strijd to wear the Swarovski look at the 2018 Victoria's Secret Fashion Show.
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Luxury stores on Bond Street in London. Photo: Oli Scarff/Getty Images

Luxury stores on Bond Street in London. Photo: Oli Scarff/Getty Images

These are the stories making headlines in fashion on Wednesday.

Luxury brands open more retail outlets in London despite Brexit 
While the prospect of Brexit is weighing on much of the British economy, luxury goods businesses are cashing in on bargain-hungry visitors lured by the weak pound. So as international tourists flock to London in search of a deal, luxury brands are continuing to open new stores in prime central London locations, such as Bond Street and surrounding locations in Mayfair, as well as the affluent West London district of Chelsea. {Business of Fashion

Michael Kors's second quarter sales failed to impress investors
Michael Kors fell short of Wall Street's quarterly revenue estimates for the first time in almost two years, after the company reported a 10 percent drop in sales at retail stores in Europe. Following the news, shares of the company fell 11.3 percent to $50.97 in premarket trading. {Business of Fashion

Romee Strijd to wear the Swarovski look at the 2018 Victoria's Secret Fashion Show
Victoria's Secret has chosen Romee Strijd to wear the 2018 Swarovski look at the upcoming lingerie spectacle, which will be filmed in New York on Thursday. The look — which resembles a shooting star and will be worn during the celestial-themed portion of the show — is adorned with over 125,000 Swarovski crystals. "When I wear the Swarovski look I feel like a superhero," Strijd told WWD. "All the sparkle and shine makes me feel so glamorous." {WWD

What's next for streetwear 
Streetwear looks a lot different in 2018 than it has in previous years. ComplexCon, a two-day event which took place at the Long Beach Convention Center this past weekend, covered the current state of streetwear and touched on what's next for the expanding category, how corporate brands are trying to get in on the trend and the rise of luxury collaborations. {WWD

Depop is throwing a '90s-themed exhibition dedicated to rave culture 
Depop is partnering with Youth Club, a nonprofit organization that preserves youth culture, and London's NTS radio on a one-night-only exhibition dedicated to '90s rave culture. Called "Wear the Movement," the event will be held at Corsica Studios in south London and will display imagery, vintage clothing and accessories sourced by Depop's community of vintage dealers and sellers. {WWD

Meet the latest designer to collaborate with Adidas Originals and Kendall Jenner 
Olivia Oblanc is the latest designer to collaborate with Adidas Originals and Kendall Jenner. The Parsons grad looked to the German sportswear brand's '70s and '90s archives to inspire her logo-heavy range, which is made up of unisex pieces with a streetwise edge. Oblanc then worked with Jenner to help conceptualize the vision of an upcoming event in London. {Vogue

Sneaker brands look to influencers to relay brand messages
At ComplexCon, sneaker vendors released updates to older silhouettes and used influencers to relay their brand messages. Zen, a new online sneaker store, partnered with Complex on an online series called "Sole Origins" that highlights sneaker influencers around the world as an attempt to elevate the online sneaker shopping experience with immersive storytelling. "It's less and less marketing from the brand and more people marketing for us," said Allison Giorgio, the vice president of brand marketing at Puma North America, to WWD. "We want others to direct our brand message." {WWD

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