Must Read: Rei Kawakubo on 50 Years in Fashion, MyTheresa to Launch Menswear

Plus, a former "Vogue" assistant gets probation for stealing from Grace Coddington.
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Designs by Rei Kawakubo on display at the "Rei Kawakubo/Comme des Garcons: Art Of The In-Between" at the Met. Photo: Jemal Countess/Getty Images

Designs by Rei Kawakubo on display at the "Rei Kawakubo/Comme des Garcons: Art Of The In-Between" at the Met. Photo: Jemal Countess/Getty Images

These are the stories making headlines in fashion on Thursday.

Rei Kawakubo on 50 years in fashion 
Rei Kawakubo opens up about her start in a textile factory and reflects on her 50-year-old label in a rare interview with WWD. "From Day One, Kawakubo sought independence, and fashion provided the conduit to that independence," writes Bridget Foley of their 45-minute exchange. "The niche she identified to take her there: 'clothes that have never been seen before.'" {WWD

MyTheresa to launch menswear
MyTheresa is vaulting into the menswear arena with a lineup of luxe brands and tailored clothing suited to individuals who are fed up with hoodies and sneakers. Richard Johnson, Mytheresa's chief commercial officer, tells WWD that its menswear offering is looking to target the "classic luxury customer" and a group of "younger, fashion-savvy guys looking for a very, very clear evolution of streetwear." {WWD

Former Vogue assistant gets probation for stealing from Grace Coddington 
On Wednesday, former Vogue assistant Yvonne Bannigan was sentenced to three years probation after she admitted to stealing thousands of dollars from Grace Coddington. Bannigan, who worked for the legendary editor for two years, was accused of stealing a total of $53,564, mostly through charges to Coddington's credit cards. She was also accused of selling Coddington's property on The RealReal. Bannigan was charged with second- and third-degree grand larceny, but pleaded guilty to one count of fourth-degree grand larceny. {The Cut

What luxury fashion prices reveal about the industry 
A Vogue Business analysis of 13 prominent luxury labels shows how prices can be used as a marketing tool. Items with high price tags are "headline-grabbing," says Sundeep Khanna, Deloitte's director of fashion and luxury, to Vogue Business. "It creates PR; it creates an impact on social media channels." The analysis also reveals that the most expensive items sold at multi-brand e-tailers are on average 17% cheaper than at own-brand stores, and that Louis Vuitton sells the most expensive product. {Vogue Business

The fashion industry is struggling to fight climate change together 
Working together is not something that the fashion industry is very good at. Last week, Kering's CEO François-Henri Pinault called on his peers to set ambitious new climate goals for the fashion industry ahead of August's G7 summit, but LVMH has refused to take part in these efforts. "The LVMH group is a bit of a fashion group, but it's a lot more," LVMH CEO Bernard Arnault said at tech fair VivaTechnology on Friday. "We have a more global approach to these issues." {Business of Fashion

Marc Jacobs, Dita von Teese and more to host Love Ball 3
The third Love Ball fundraiser will take place in New York on June 25 and boasts a lineup of judges that includes Dita Von Teese, André Leon Talley, Marc Jacobs, David and Phillipe Blond, David LaChapelle, Janet Mock, Kevin Aviance, Nicky Hilton-Rothschild, Miss Lawrence, Patrick Starr and Teyana Taylor. The event seeks to raise life-saving funds for the CFDA/Vogue HIV/AIDS Initiative at the New York Community Trust, and will feature six categories that allow members from the ballroom community, celebrities and nightlife icons to compete for trophies designed by notable contemporary artists. Billy Porter will serve as the ball's master of ceremonies. {Fashionista inbox} 

Olivia Palermo debuts collection with Karl Lagerfeld
Olivia Palermo unveiled pieces from her collaboration with the Karl Lagerfeld label on Thursday. The collection, which will launch on June 27, consists of five bespoke garments co-designed by Palermo, alongside her edit of 24 items from the brand's fall collection. "Our collection focuses on universal wardrobe essentials like a leather biker jacket, white button-down shirts and tuxedo suiting," Palermo said in a statement to WWD. "I wanted to play with Karl's iconic Parisian classics, and add my own touch that's eclectic and feminine." {WWD

Arcadia Group may close all Topshop stores in the U.S. 
Arcadia Group, the company that owns a range of high street British retailers, said it plans to close 23 of its 566 stores in the U.K. and Ireland in a major restructuring move that could also see its Topshop/Topman stores close in the U.S. It will, however, continue to supply Topshop to wholesale partners in the U.S. and maintain a digital platform. {Business of Fashion

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