Fashion Stories of the Week: June 30

The fashion industry’s most talked about headlines this week covered a wide spectrum. Among them, new information has been released regarding the Pheobe Philo brand, which confirms that the label’s first collection will include more than 150 ready-to-wear styles, accessories and more. Meanwhile, Nike It reported revenue of $12.8 billion in Q4, beating Wall Street expectations, and Louis Vuitton pulled off its first Pharrell menswear campaign starring Rihanna.

Elsewhere, Luis Gabriel Nucci took home the 2023 ANDAM Fashion Award. Carlos Alcaraz has been named Louis Vuitton’s new ambassador, and Kim Kardashian has dropped the Steven Klein-shot SKIMS campaign.

Below, Hypebeast has rounded up the best fashion stories of the week so you can stay up-to-date on trends in the industry.

Born X Raised co-founder Chris “Spanto” Press has died

Born X Raised confirmed on Wednesday that Chris “Spanto” Press has died after being injured in a car accident in Albuquerque, New Mexico. The beloved designer leaves behind his wife Anna and three children – Marilyn, Carter and David – as well as his immediate family and, as written on the brand’s Instagram post, “The family where he was born X grew up, his family of birth, the city of Los Angeles that he loves and supports, and an extended network of true friends.”

Spanto co-founded the iconic streetwear label with Alex “2Tone” Erdman 10 years ago, and since then it’s grown into one of Los Angeles’ favorite imprints. Over the years, the brand has secured collaborations with several other major franchises such as the Lakers, Dodgers, Kings, Rams and LAFC.

Learn more about the designer’s life here.

New details about Phoebe Philo’s upcoming brand launch have surfaced

Phoebe Philo has been quietly working on the brand’s inaugural collection since announcing the launch date of her label in September of this year. According to a new report from WWDMarking Philo’s long-awaited return to the industry, his signature line includes ready-to-wear, leather goods, jewelry, eyewear and footwear.

The collection is expected to contain more than 150 pieces, and will be launched through the brand’s online store, initially shipping will be available in the UK, Europe and the US. In particular, former Canadian-Ukrainian model Daria Werbov, who has often appeared in Philo Celine campaigns, will be the face of the brand as the outlet.

Nike reported Q4 sales of $12.8 billion

Nike’s fiscal 2023 Q4 results came out this week, revealing that the Oregon-based company posted $12.8 billion in revenue. According to the report, the Swoosh saw a 5 percent increase in revenue, compared to last year’s numbers, topping Wall Street’s $12.59 per share.

The company, however, fell 28 percent to $1 billion from diluted EPS of 66 cents, driven by a lack of revenue. For the full fiscal year, Nike’s revenue grew 10 percent to $51.2 billion. Net income was down 16 percent at $5.1 billion.

“Our investments in innovation and digital leadership are delivering broad growth across our portfolio of brands as we create value in serving the future of sport,” Nike CEO and President John Donahoe said in a statement.

Rihanna’s full Louis Vuitton campaign has arrived

Pharrell’s first-ever Louis Vuitton It was a star-studded fashion show – effectively ushering in the next era as the House unveiled its Spring/Summer 2024 collection. After this, the newly appointed menswear artistic director continued to take over, launching his first, full SS24 campaign starring Rihanna.

Shot by Keizo Kitajima and Martin Sims, the image was previously teased on Pharrell’s Instagram ahead of the brand’s opening-night runway show in front of a building in Paris. Now, with three official posters and an accompanying video, the full campaign looks to highlight Louis Vuitton’s new Speedy: an adaptation of its iconic Speedy bag inspired by Pharrell’s entryway to luxury, the Canal Street location in New York City.

Luis Gabriel Nucci won the 2023 ANDAM Fashion Award

Luis Gabriel Nucci took home the coveted Aden Fashion Award on Thursday, beating five other finalists to win €300,000 and a year’s mentorship from Chloe CEO Riccardo Bellini.

The Paris-based designer received the trophy at an outdoor ceremony in the gardens of the Palais-Royal in the French capital. He joins an impressive list of previous winners that includes the likes of Viktor & Rolf, Christophe Lemaire, Jeremy Scott, Bianca Saunders and Marine Serre.

At the ceremony, ADB presented a cash prize of 100,000 euros to both Esther Manas and Duranc Latic, as well as a special prize of the Coaching Award for second place. Additional finalists include GmbH’s Benjamin Huseby and Serhat Isik; Marie-Christine Staats of Gauchere and Andrea Adamo of Andredamo.

Carlos Alcaraz has been named the new House Ambassador of Louis Vuitton

Grand Slam champion and world’s youngest tennis player Carlos Alcaraz became the new ambassador of Louis Vuitton House on Wednesday. Marking his latest venture into fashion (following a Nike sponsorship as well as endorsements from Rolex and Calvin Klein), this new title sees the tennis player represent the French house in marketing campaigns and events.

“Being part of the Louis Vuitton family is such a dream come true for me,” Alcaraz said in a video posted on Instagram. “I saw people with Louis Vuitton bags and I always wanted to have one of those.”

The athlete is the latest face to join the Maison, following the likes of Zendaya, J-Hope and Chloe Grace Moretz, among others.

Kim Kardashian stars in the Steven Klein-shot SKIMS campaign.

Kim Kardashian’s shapewear brand SKIMS is known for its star-studded campaign visuals. In the past few months, the label has released sartorial images fronting music stars Ice Spice, PinkPantheress and SZA, as well as Snoop Dogg’s entire family. But this week, the imprint seems to be breaking away from its traditional in-studio format with something different: a stylistic editorial campaign, shot by Steven Klein and starring Kardashian herself.

Showcasing SKIMS’ latest collection of rubber scuba and faux leather swimwear, the image features the brand’s founder among 90s summer-inspired models. In the front of one of the shots, Kim is seen lying down in the label’s latest label and poses on lush, green grass next to a bright blue pool. In the back room, models are attached to each other and suspended on hoops connected by chains. It is a tasteful chaos that provides a new identity for the SKIMS label.

Rihanna steps down as Savage X Fenty CEO.

Reports surfaced earlier this week that Rihanna would be stepping down from her role as CEO of Savage X Fenty. Hilary Super, former CEO of the Anthropologie group, will take over the title, while Rihanna will continue as executive chairman from June 26.

“It’s been beautiful to see our vision for Savage X Fenty influence the industry to such an incredible extent over the past five years. This is just the beginning for us, and we will always continue to expand in ways that connect with the consumer,” Rihanna said in an official statement. Adding, “I am very grateful and delighted to welcome Hilary Super as our new CEO – she is a strong leader and is focused on taking the business to new heights.