LVMH MIGHT HAVE BOUGHT SUPREME, RAF SIMONS'S INFLUENCE ON AMERICAN FASHION

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Photo: Instagram/@louisvuitton

Did LVMH just acquire Supreme?
According to an unnamed source, luxury conglomerate LVMH might have just purchased Supreme for a cool $500 million, following an extremely buzzy collaboration between the streetwear brand and key house, Louis Vuitton. For now, this remains just another — albeit extra-juicy — fashion rumor, but we'll keep our eyes peeled for any official announcements. [Update: The New York Times' Vanessa Friedman Tweeted that this rumor was in fact false.] 

How Raf Simons's Calvin Klein debut will affect American fashion 
Simons's womenswear debut on the New York Fashion Week calendar has been one of the most hotly anticipated shows for months now, but how will the Belgian designer taking the helm at an iconic American house impact our industry as a whole? "All those houses that take on new people, it's always a challenge and a gamble," said Grace Coddington to the Times. "You just pray that it works for everybody." 

Puma reports successful fiscal year despite losses in Q4  
After praising the success of Fenty in every quarter of 2016, Puma officially has Rihanna to thank for a successful fiscal year. In its full-year earnings report, it credited the increasing success of its women's category to Rihanna's line — particularly the Fenty creeper, which "repeatedly sold out worldwide within mere hours of hitting the stores as soon as we launched new colourways," per the press release. Even in ready-to-wear, women's items have been top performers and in some cases acted as a "door opener" for retailers to start carrying more men's and kids' styles. The brand also noted the increased visibility achieved by ambassadors Kylie Jenner and Cara Delevingne, though it said it would be bringing on more athlete ambassadors in the new year — without ditching its celebrity contingent, however. Revenue was up 10 percent for the year.

Solange Knowles covers the March issue of Elle
The artist stars on the fashion magazine's Spring Fashion Issue, photographed by Terry Tsiolis and styled by Samira Nasr. In the cover image, Solange can be seen in a fire-engine-red coat by Norma Kamali and crimson pleated pants by Issey Miyake.

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