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LVMH Might be Buying Tiffany & Co. (Business of Fashion)
Luxury conglomerate LVMH is considering acquiring Tiffany & Co., and has apparently approached the brand with a takeover proposal. Sources close to the deal say there is “no guarantee an agreement will be reached.” Tiffany is currently valued at $12 billion, meaning if the deal goes through LVMH could pay more for it than the $13 billion it paid for Dior.
Alber Elbaz Reveals More About His New Fashion Line (New York Times)
On Friday, news broke that Alber Elbaz inked a deal for a brand new line. The designer then hopped on a call with Vanessa Friedman at the New York Times to dish about what we can expect. The new brand, AZfashion, will be a high-end, “project based” start-up. “We are not going to do pre-collections, collections, post-collections,” he explained. “It’s going to be about things I believe are relevant to make. We are just beginning now. And we are beginning really, really small. I like the idea of starting small today.”
As for the name, it refers to the “A” in Alber and the “Z” in Elbaz. “I didn’t want to call it Alber Elbaz, because it’s not about me, myself and I,” he said. “It’s going to be about we and us. And it’s going to go from A to Z.”
Giorgio Armani Announces Cruise 2021 Location (British Vogue)
Giorgio Armani will kick off the Cruise 2021 show season with an event in Dubai in April. While no specific date has been announced, the show will coincide with the reopening of his Dubai store, as well as the city’s Expo innovation program. “I’m very happy to be back in Dubai after 10 years, especially on the occasion of the Expo 2020 which will place a great emphasis on the city,” Armani said. “Dubai is a luxurious and fascinating place with a soul focused on the future, always in pursuit of the imagination.”
Kurt Cobain’s Iconic Sweater Sells for $334,000 (BBC)
Is the cardigan Kurt Cobain wore in Nirvana’s iconic 1993 MTV Unplugged appearance a piece of music history or fashion history? Arguably, both — and it fetched a pretty penny at auction. The sweater was sold this weekend for a whopping $334,000. The piece (which has stains and cigarette burns) has not been washed since Cobain last wore it.