This week, the biggest headlines in fashion featured highly anticipated collections and collaborations, innovative fashion feats, and changing market conditions.
Readers got their first look at luxury-driven projects such as Phoebe Philo’s Collection B, Prada’s lunar haute couture venture with Axiom Space, and Stone Island’s Holt Renfrew exhibition. Elsewhere, new details were shared about cult favorite collaborations including The North Face x Supreme and Denim Tears x Marc Jacobs. Last but not least, while Supreme announced plans to expand its e-commerce channels into new markets in Asia, the company’s sales in China fell sharply in the third quarter. , LVMH stock plummeted.
At Hypebeast, we round up the week’s top fashion stories to help you stay on top of the latest trends in the industry.
Phoebe Philo debuts new collection
After launching Phoebe Philo’s long-awaited namesake label with Collection A in 2023, Phoebe Philo’s Collection B is scheduled to arrive online and at select retailers in early 2025.
The new image showcases Philo’s signature sensibility, with elegant pieces featuring bold tailoring and luxurious textures. The design is in keeping with Philo’s pared-down ethos while still making a big statement. Notable pieces include voluminous feathered coats with long trains, plush jackets with bold shoulders, and trompe l’oeil sequin tops with red Phoebe Philo wordmarks.
Spacesuit designed by Prada unveiled for NASA’s next moon landing
Prada partnered with aerospace technology company Axiom Space to design the spacesuits to be used on NASA’s Artemis III mission, which will take astronauts to the moon for the first time since Apollo 18. The collaborators presented their design at the International Astronomical Congress in Milan. , Italy on Wednesday.
The Axiom Extravehicular Mobility Unit (AxEMU) spacesuit, which has been in development since 2022, leverages Axiom Space’s space technology excellence while leveraging Prada’s expertise in textile and clothing manufacturing. Axiom Space engineers worked with the team at Prada on custom protective materials and innovations tailored to the high-brightness conditions of the Moon.
Stone Island exhibition celebrates 40 years of innovation
Stone Island has opened the Holt Renfrew Exhibition, which runs from October 17th to 27th. Celebrating 40 years of material innovation, the showcase features 24 pieces from 1984 and fall 2024, showcasing references rooted in the brand’s heritage.
The brand has also set up a cafe pop-up where you can listen to records carefully selected by La Rama Records and sip custom-made coffee. During the event, a program of DJ sets by local talent will be held on the nights of October 18th, 19th, 25th and 26th.
The North Face x Supreme art-focused FW24 capsule
The North Face and Supreme are back with a new winter capsule featuring original illustrations by Raymond Pettibon. Standouts include the Nuptse Jacket, made from breathable, water-resistant nylon, and the Waterproof Mountain Jacket, made from seam-sealed dry vent nylon. The jacket features co-branded detailing on the sleeves and original monochrome art by Pettibon on the back.
The Supreme x The North Face Fall/Winter 2024 collection is available online in the US and will be available in Asia on October 19th.
Denim Tears and Marc Jacobs collaborate on “The Tote Bag” special edition
To celebrate its 40th anniversary, Marc Jacobs has teamed up with collaborators as diverse as Cactus Plant Flea Market, NIGO, and Anna Sui. The latest collaboration features Denim Tears’ Tremaine Emory, who reimagines the label’s familiar tote bag silhouette in his signature cotton wreath print.
In a statement shared to Marc Jacobs’ Instagram, Emory said the cotton wreath print is a “talisman for Black people” and represents “a call to return to what built this country.” said. In addition to the print, an embossed “Tote Bag” graphic replaces “The Tears Bag” in the center with “Marc Jacobs” below.
The Tears Bag is now available at Marc Jacobs’ official webstore.
Supreme expands online shop to new Asian countries
At 10 a.m. local time on October 26, Supreme will launch its website for new regions in Asia, including Hong Kong Special Administrative Region, Macau Special Administrative Region, Taiwan Region, and Singapore.
The announcement comes months after EssilorLuxottica acquired the label from VF Corporation in July. Supreme already operates 17 retail stores in the US, Asia, and Europe, but the brand’s online shop has not yet opened in any of the listed regions to date.
Users can access Supreme’s shop through the brand’s website and the Supreme mobile app.
LVMH stock price plummets due to weak third quarter results
LVMH’s stock price took a hit after the luxury conglomerate announced on Wednesday that its third-quarter sales fell 5%, according to a BoF report. On the day this news was announced, LVMH’s stock price fell by a dramatic 7%. Industry fears of a slowdown in luxury goods sales appear to be coming true, as spending begins to decline in the Asia-Pacific region, once the market’s mainstay.
China’s spending has been particularly weak this year, with numbers falling to pandemic levels even as the country tries to quell the crisis with stimulus packages. Despite strong sales in the United States and Europe, LVMH’s sales in Asia excluding Japan fell 16% in the third quarter.