Business of Fashion

Raf Simons is quitting his label



Raf Simons

Oof, I wasn’t expecting that. With a lone post on his IG, Raf Simons announced that after 27 years, he’s quitting his own label.

Say it ain’t so!

No concrete explanation has been given and responses have been varied, from “finally – because no one was buying it” to an outpouring of crying emojis (mine).

Of course, he’s continuing as co-creative director of Prada, which has led to some speculation that Raf is being groomed as Miuccia’s successor should she decide to retire. Others suggested maybe there’s a ‘second act’ to come. After all, his note ends on, “Forward always”. (more…)



Quote of the day: Gagosian COO Andrew Fabricant



Jean-Michel Basquiat Equals Pi Tiffany LVMH

“You have [Bernard] Arnault buying Tiffany’s and then buying a Basquiat painting and then producing a Patek Philippe limited [edition] watch that is first seen on Jay-Z’s wrist. The interaction of art and commerce and fashion is inevitable. It’s just being accelerated by the consolidation of all these issues, whether it’s Kardashian, Arnault or the Gagosian Gallery having 19 galleries. It’s just more, more, more. It’s also mutually beneficial.”
Andrew Fabricant, COO of Gagosian, WWD (more…)



On Joopiter, style storytelling and investment dressing for the hype set



Joopiter by Pharrell Williams

Hot retail news of the month so far comes from Pharrell Williams’ new online auction platform, Joopiter. “Pioneering a modern collecting economy”, it’s a way to sell off his extensive (11-storage units worth) archive of cultural artefacts, while the site simultaneously serves as an online archive of the archive, complete with content to add cultural clout to the pieces.

The first sale goes live next week (but previews from today here) and will consist of one-off items such as an 18k gold Jacob & Co BlackBerry (est sale price $15k-$25k) and blinged-out Swarovski-ed Stan Smiths (est sale price $2,500-$3,500).

Why should we care? (more…)



Quote of the day: Rachel Tashjian, Into The Gloss



beauty items on bedside table

“The lighting is so great in there, and also, it’s frankly going people watching too. When you’re in that waiting room, everyone is wearing The Row and staring at their phones and trying not to be seen, but we’re not at the plastic surgeon—it’s okay, we can all relax! We’re drinking our lemon water and all hanging out together wearing our trousers.”
Rachel Tashjian, Into The Gloss (more…)