This week, Versace sued Fashion Nova for copyright infringement, and LVMH acquired Tiffany & Co. Find these stories and more in the top international fashion news of the week.
Terry de Havilland Dies at 81
Terry de Havilland has passed away at the age of 81. Known as the ‘rock and roll cobbler,’ he created shoes for the Rocky Horror Picture Show and would often push the boundaries with his designs. Often working with stilettos, wedges and oversized platforms, his pieces have been worn by Kate Moss and David Bowie.
“He put the rock-star quality into footwear. Before Terry de Havilland, people didn’t look down at shoes. He made them look down. And I think he really connected celebrity culture with footwear, which of course now we take for granted,” said Darla-Jane Gilroy, the Head of the Craft Program at London College of Fashion, UAL.
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⠀ It is with great sadness that we have to announce that Terry de Havilland has died aged 81. ⠀ ⠀ Known as the ‘rock’n roll cobbler’ he made a significant contribution to footwear design and the world.⠀ ⠀ He is survived by his wife and business partner Liz, his sons Jason and Caesar, and grandchildren Joseph, Leila, Jamie, India and Kai.⠀ ⠀ Any messages of condolences will be forwarded to the family.⠀
Prada and Adidas Launch Collaboration
Prada is collaborating with Adidas on a limited release collection. The unisex line features the Superstar sneakers and a bowling bag, which takes inspiration from the sports brand’s gym bags. Only 700 of each piece will be available for purchase via their online stores.
The collaboration aims to “investigate the realms of heritage, technology, and innovation — and to challenge conventional wisdom through unexpected strategies,” explained the two companies in a statement. “The new vision draws inspiration from the rich legacies of both to reengineer timeless icons, and leverages the houses’ technological footprint to innovate.” The line launches on December 8th.
LVMH Acquires Tiffany & Co.
LVMH has acquired Tiffany & Co for $16.2 billion to ‘restore its lustre.’ The French conglomerate purchased the luxury jewelry company for $125 a share and is the largest transaction in its history. This move aims to diversify the brand to the next generation of shoppers on a global scale. “We strongly believe that LVMH is not only an ideal owner for Tiffany but also that this iconic brand is a perfect addition to our portfolio and a perfect complement to our existing model,” said Jean-Jacques Guiony, CFO of LVMH.
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LVMH has finally secured a deal to buy Tiffany & Co. for $16.2 billion. The transaction tops records as the sector’s largest takeover and allows LVMH to broaden its consumer base with more affordable price points as well as a stronger position in the U.S. “We have immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons,” said LVMH chairman and chief executive officer Bernard Arnault, Europe’s wealthiest person. Tiffany, which is considered one of the few true American luxury labels, has been the subject of takeover talk for years. Tap the link in bio for more. Report: @mimosaspencer — #wwdnews #tiffany #lvmh #jewelry
Versace Sues Fashion Nova for Copyright Infringement
Versace is suing Fashion Nova for copyright infringement. The fast-fashion label has been accused of copying the print and silhouette of the Italian brand’s ‘Jungle Dress.’ The gown was made famous by Jennifer Lopez at the 2002 Grammy’s and helped inspire the launch of Google Images. The designer claims that online retailer ‘manufactured, marketed, and sold apparel using the same or substantially similar copyrighted designs and confusingly similar trademarks and trade dress.’
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