Must Read: LVMH Dismisses Kering's Sustainability Pact, Paco Rabanne to Launch Menswear
Photo by Christian Vierig/Getty Images
These are the stories making headlines in fashion on Thursday.
LVMH dismisses Kering's sustainability pact
Luxury conglomerate LVMH criticized its primary competitor Kering's recent announcement to go completely carbon neutral. Antoine Arnault, head of communications and image at LVMH, stated that "We prefer acts to pacts," at the opening of an event the conglomerate hosted in Paris to outline its environmental agenda. LVMH has been condemned before for not making sufficient efforts on climate action. However, the conglomerate recently signed a deal with sustainable and ethical luxury brand Stella McCartney. {Business of Fashion}
Paco Rabanne to launch menswear
Paco Rabanne is set to launch a menswear line that will debut at its Spring 2020 show on Thursday. The brand states that the men's collection will be a continuation of its womenswear, utilizing similar fabrics and prints. The new range dedicated to males is expected to account for 25% of the label's revenue in the next five years. {Business of Fashion}
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ThredUp's rapid growth shows no signs of slowing down
ThredUp is continuing its fast growth by taking its online thrift store offline. Soon, customers will be able to purchase ThredUp clothing in person in 40 Macy’s stores and 30 JCPenney locations. The resale platform also announced that it raised more than $300 million and doesn't plan to slow down. Thanks to this fresh injection of cash, the company can build infrastructure that will be able to handle $50 billion to $100 billion worth of product. {WWD}
The fate of The Cut following its acquisition
In the midst of Vox Media acquiring New York Magazine, many are concerned about the future of The Cut. New York Magazine's women's vertical has developed a highly engaged audience — across the two publications, it has the highest concentration of female readers. Stella Bugbee, The Cut's Editor-in-Chief and President, is confident that the women's publication will remain business as usual. {Business of Fashion}
Climate change is a huge theme on runways
The fashion world is not taking time off from the climate crisis for fashion month. Instead, many labels are using it as a theme to make environmental statements. The Marina Serre show presented clothing made from 50% upcycled materials and Dior's Maria Grazia Chiuri collaborated with environmental collective Coloco to create a forest catwalk. And while the message may not be as clear at shows like Saint Laurent, the house was still conscious of its impact; the brand says that all of the electricity from the spotlights was biofuel-generated. {The New York Times}
The NBA's influence on menswear
As athletics and streetwear become increasingly intertwined, sport-inspired looks — specifically those influenced by basketball — are rising in popularity in the luxury fashion world. This is because NBA players are becoming style influencers, and the sneaker market is picking up steam with athletes like Lebron James and Kyrie Irving selling limited-edition shoes. {Glossy}
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