This week, LV prices have risen again... The price of the bag with the largest increase was raised by nearly 10,000 yuan, and the brand's most classic Neverfull handbag rose by more than 15% in each size.
Blockbuster Premium has announced the appointment of a new creative director.
The 9th LVMH Prize announces the semi-finalists, and two Chinese designers are shortlisted, looking forward to creating another brilliant.
01
Two Chinese designers were shortlisted
Semi-finalists for the 9th LVMH Prize
The 9th LVMH Prize Young Designers Award, hosted by LVMH Group, recently announced the semi-finalists of this year's competition, more than 1900 designers from all over the world submitted applications, 20 brands from 13 countries were shortlisted, and two Chinese designers - Chen Peng (personal brand of the same name CHENPENG) and Qi Yueqi (personal brand of the same name YUEQI QI) were both selected.
Chen Peng founded his eponymous brand in London in 2015, and his down jacket has swept the wardrobes of celebrities around the world because of its unique subversive silhouette and attitude, attracting coverage from major domestic and foreign media. Chen Peng was also one of the costume designers for the opening ceremony of the Beijing Winter Olympics, and he designed five costume plans for the opening ceremony of the Winter Olympics.
Qi Yueqi graduated from Central Saint Martins, founded a personal brand in 2019, and was favored by Gucci in 2020, and was invited to participate in the Gucci Fest Gucci Feast Online Fashion Film Festival. Gu Ailing once introduced the dress designed by Qi Yueqi for her in the video.
European designers account for half of this year's shortlist – including 2 French designers, 2 Spanish designers, 3 British designers, 1 Irish designer, 1 Belgian designer, 1 Italian designer, 3 American designer, 1 African designer, 6 Asian designers - in addition to 2 Chinese designers, there are 2 Korean designers, 1 Japanese designer and 1 Sri Lankan designer.
The LVMH Prize for Young Designers is aimed at young designers under the age of 40 around the world and requires entrants to have launched and sold at least two seasons of women's or men's ready-to-wear collections. Commenting on this year's finalist designers, Delphine Arnault, Executive Vice President of LVMH, said: "We were impressed by the optimism and innovative vision of these 20 contestants. They all put ecological responsibility at the heart of their creativity, opting for recycled raw materials or upcycling, willing to integrate a more ethical production system and respecting local traditional technologies. In addition, the mobility of women's and men's clothing is another major feature of this competition. ”
At last year's 8th LVMH Prize, Chinese designer Zhou Rui won the Karl Lagerfeld Prize Special Prize, and she was also the first Chinese designer to be finalist and the first Chinese designer to win an award in the past eight LVMH Prizes. Looking forward to Chen Peng and Qi Yueqi bringing good results!
02
LOEWE Loewe Foundation 2022
The finalists for the Craft Awards are announced
Also announcing the shortlist is the LOEWE Foundation Craft Award.
Established in 2016 by the LOEWE Loewe Foundation, the award was conceived by the brand's creative director Jonathan Anderson to emphasize the importance of craftsmanship in today's culture, to recognize outstanding artistic achievements and modern technological innovations, and to pay tribute to the brand's origins as a precursor to the handicraft workshop in 1846.
The loewe Foundation Craft Award jury is made up of 13 leading figures from the fields of design, architecture, journalism, criticism and museum curation. In total, more than 3,100 entries were received and 30 contestants were shortlisted for the Grand Prix, including ceramics, woodwork, textiles, leather, baskets, glass, metal, jewelry and lacquerware. The finalists will be exhibited at the Museum of Arts and Crafts in Seoul, South Korea from July 1 to July 30, 2022, and the final selection results will be announced at the opening ceremony of the Craft Awards exhibition on June 30, and the winners will receive a prize of 50,000 euros.
Last year, Chinese tie-dye artist Lin Fanglu won the 2021 Loewe Foundation's Craft Prize 2021 for her work "SHE," a work that showcases the traditional textile skills of the Bai people in Yunnan.
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LV raises prices globally, and some high-end handbags rise by more than 20%
On February 16, Louis Vuitton raised prices for some goods, and Louis Vuitton's official statement said: "The price increase takes into account various factors such as production costs, raw materials, transportation and changes in inflation. ”
Louis Vuitton's price adjustment involves leather goods, fashion accessories, perfumes and other categories, and the increase in different products varies. Taking the price of the brand's classic Neverfull handbag China official website as an example, Neverfull large handbags rose from 12800 to 15200, an increase of 15.7%; Neverfull medium handbags rose from 12000 to 14400, an increase of 16.8%; Neverfull small handbags rose from 11300 yuan to 13700, an increase of 17.5%.
Among them, the largest increase was the Capucines medium handbag, which rose from 42,500 yuan to 52,000 yuan, up nearly 10,000 yuan, an increase of more than 20%.
Prior to this, Dior and Celine, who belong to the LVMH Group with Louis Vuitton, have completed the first round of price increases this year, and Celine has raised the price of products for the second time in just three months.
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Chow Tai Fook is listed as the world's 10th largest luxury group
According to deloitte Consulting's 2021 Luxury Global Power Report, Hong Kong's Chow Tai Fook Jewellery Group became the world's 10th largest luxury goods company with total sales of about RMB45.862 billion, and is the only luxury group in Greater China to be listed, along with LVMH, L'Oréal Group, Hermès and Chanel.
According to Chow Tai Fook Group's semi-annual report for the 2021/2022 financial year, in the six months ended 30 September 2021, the company achieved a year-on-year increase in turnover of 79.1% to HK$44.19 billion and a year-on-year increase in attributable net profit of 60.4% to HK$3.58 billion (approximately RMB2.91 billion). Among them, the Chinese mainland market revenue accounted for 87.2% of Chow Tai Fook Group. In the first half of fiscal 2022, Chow Tai Fook Group's turnover in the mainland market increased by 81.7% year-on-year. It can be seen that the strong rebound in the performance of Chow Tai Fook Group after the epidemic is mainly due to the strong recovery and strong demand of the Chinese mainland market.
Gold jewellery and products remain key commodities driving Chow Tai Fook Group's growth. Same-store sales of such products increased by 56.6% in the first half of fiscal 2022, while same-store sales of jewelry inlays, platinum and karat gold jewellery fell by 2.8% during the reporting period.
05
Supreme announces a new Creative Director
Recently, New York street fashion brand Supreme announced the appointment of American creative pioneer Tremaine Emory as the new creative director, which is also the first blockbuster news after Supreme was acquired by VF Corp in November 2020.
Tremaine Emory was born in Atlanta and grew up in Queens, New York. He spent nine years at Marc Jocbs, rising from warehouse manager to assistant manager in London.
Since leaving Marc Jocbs, Tremaine has been active in the street culture sector, including frequent involvement in underground music and party culture, partnerships with Frank Ocean and A$AP Rocky, a creative agency with friends Acyde Odunlami, no Vacancy Inn, and in 2019, denim Tears. Jeans printed with a "cotton" motif are Denim Tears' blockbuster pieces.
In addition, Denim Tears has cooperated with Levi's, Stussy, Saint Michael, UGG and other brands.
Tremaine Emory herself, with her dirty braids, beard and diverse styles, has become a regular at European and American fashion week street photography. Tremaine prefers to call herself "Art Dad", wandering in trends, art, music, design, relationships, and always creating new elements, new collaborations, new trends.
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Lululemon is available in limited editions
A series of bags containing mushroom hyphae
Sports lifestyle brand Lululemon has launched two new products containing the innovative renewable material Mylo in Limited Edition in China, the "2-in-1 Yoga Mat Storage Bag and Meditation Cushion" and the "Barrel Luggage Bag".
Mylo is an innovative and eco-friendly material made from renewable mycelium, the underground root system of mushrooms, with a look and texture close to leather. Billed as "the world's first collection of yoga accessories made from mushrooms," the collection was developed over a two-year period by Lululemon.
The two newly launched bags are based on lululemon's "Science of Feel" design concept, and integrate Mylo material into the handle and rope part of the bag, which can be adapted to a variety of life scenarios and support a free and easy sports life.
The "2-in-1 Yoga Mat Storage Bag and Meditation Cushion" features a variety of features. When the backpack is used, it can be stored on the rolled yoga mat; the tile can be converted into a meditation cushion, which can accompany you to pause for a moment to find concentration; when carrying, it can be rolled up or folded in half, helping you easily switch the shape of the hand, oblique span and so on.
The "Barrel Luggage Bag" is a collection of carefully designed multi-sided pockets and a detachable pouch for round-trip or excursions. The outside pockets separate for water bottles, shoes and sweat gear, while the convenient side pockets keep everyday items at your fingertips.
Lululemon uses the new material "mushroom hyphae" to create a single piece, representing another big step towards an all-natural, sustainable future for the brand.