Must Read: New Details Emerge About Rihanna's LVMH Venture, Demna Gvasalia on Chunky Sneakers and Why He Never Meant to Start the Ugly Shoe Trend

Plus, VF Corp. wants to transform Vans into a retail empire.
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Rihanna at the Fenty Beauty by Rihanna Anniversary Event in Sydney, Australia. Photo: Caroline McCredie/Getty Images for Fenty Beauty by Rihanna

Rihanna at the Fenty Beauty by Rihanna Anniversary Event in Sydney, Australia. Photo: Caroline McCredie/Getty Images for Fenty Beauty by Rihanna

These are the stories making headlines in fashion on Tuesday.

New details emerge about Rihanna's LVMH venture 
Rumors of a deal between Rihanna and LVMH first surfaced in January, and now, new information from French accounting firm Ledouble has emerged: The venture — entitled Project Loud France after the singer's fifth album "Loud" — is firmly in motion. Transactions filed show that Rihanna has invested €29,988,000 worth of in-kind contributions to the business and Project Loud France, the majority shareholder controlled by LVMH, has injected over €30 million into the brand. According to documents associated with the filing, Project Loud's purpose is the "conception, fabrication, distribution, commerce, importation and exportation" of products in a wide range of categories spanning clothing for men, women and children, footwear, eyewear, leather goods, sportswear, high-tech products, office supplies, home decor and garden products. {Business of Fashion

Demna Gvasalia on chunky sneakers and why he never meant to start the ugly shoe trend
Demna Gvasalia didn't intend to spark the ugly "dad" sneaker trend with Balenciaga's Triple S shoe style in 2017. "It was really absolutely a proportional exercise of footwear, and not any kind of a gimmicky play with what was ugly or not ugly in shoe design," the designer told WWD. In fact, the chunky style has to do with Gvasalia's aversion towards the look of small feet: "I hate to see small feet visually," he explained. "To me, large shoes are more stable and more masculine." {WWD

VF Corp. wants to transform Vans into a retail empire 
VF Corp. acquired Vans in 2004 and quickly took the skate shoe brand out of a sales slump. Now, the North Carolina-based conglomerate hopes that by cutting Vans' ties with fading department stores and by leveraging its fashion moments, that it can transform the 53-year-old footwear label into a $5 billion retail empire by 2023. {Business of Fashion

Chinese boycott Dolce & Gabbana at Milan Fashion Week 
Dolce & Gabbana's woes in China continued at Milan Fashion Week with Chinese media boycotting the brand's Fall 2019 presentation. According to the South China Morning Post, the Asian media section at the label's show on Sunday was less than a third of its usual size. Many high-profile Chinese editors and influencers were conspicuously absent, and the few in attendance said they had no plans to cover the collection in their publications or on social media. There was also a lack of Asian models on the runway. {South China Morning Post

Inside Thierry Mugler's new exhibit
"Thierry Mugler: Couturissime," a new exhibition at the Montréal Museum of Fine Arts, opens on Mar. 2. Vogue caught up with the exhibit's curator, Thierry-Maxime Loriot, to hear how he distilled 40 years of Mugler history into a single show. Loriot also talks collaborating with Mr. Mugler himself and whether or not Kim Kardashian's recent interest in wearing ultra revealing vintage Mugler dresses was a part of some viral marketing campaign. {Vogue

Selfridges to stop selling exotic skins by 2020
Selfridges is the latest major fashion player to ban exotic skins. The British department store told WWD that it plans to phase out products made of python, alligator, lizard and crocodile skin by February 2020 and aims to only sell leather from agricultural livestock. "We are dedicated to being at the very forefront of future-thinking retail," said Selfridges' buying director Sebastian Manes. "For us, that's a future where luxury is defined by craftsmanship and material innovation." {WWD

ThirdLove raises $55 million in funding 
ThirdLove, a direct-to-consumer company that specializes in making bras and underwear in a wide range of sizes, has raised $55 million in funding. This round of funding was led by L. Catterton, Allen & Company and female angel investors including Anne and Susan Wojcicki. The new funds will allow ThirdLove to continue reaching more women by expanding its sizes, styles, product offerings and fit technologies, helping the brand to deliver on its promise to make products for every woman's body. {Fashionista inbox} 

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