It was called a “monumental coupling” when the collab launched 20 years’ ago and to mark the 20th anniversary, luxury fashion house Louis Vuitton and celebrated Japanese artist Takashi Murakami are popping up in London’s Soho to present their global re-edition of the collection.
Featuring “a new imagining of over 200 pieces” and presented in a dedicated sphere module, the Louis Vuitton x Murakami space, complete with a cafe, we’re told “will be the only one of its kind in Europe”.
From today (9 January), the temporary location becomes a showcase of the “playful roots of the collection, evoking a sense of theatre” with black and pink colour-blocked floors inspired by the world-famous Tokyo modular hotels. A hybrid of retail and immersive design, the conceptual space reveals the full Louis Vuitton x Murakami product offering and will host an archival module boasting pieces from the original collections, a vending machine with special, collectible gifts, a café, as well as a ‘care and repair’ station.
The original, seminal collection under creative director Marc Jacobs was feted “as an unprecedented marriage of art and fashion and the creation of this re-edition pays homage to the joy and originality demonstrated in the shared enthusiasm for colourful aesthetics, creativity and innovation”.
The pop-up has been created as a “festival of colour and experiences that fully embody the Louis Vuitton x Murakami world. In the archival module, highlights from the Eye Love Monogram and Monogram Multicore 2003 will be showcased in flower-style casing on the walls with the 2003 Monogram Dalmatien, 2005 Monogram Cerise, 2007 Monogram Superflat hand, and 2010 Monogram Multicore also on display as part of an original, site-specific exhibition of the most iconic objects. At the care station, clients can watch as their own pieces from the original collection receive care and repair from a carefully designed repair menu.
Louis Vuitton said of the pop-up’s choice of location on Brewer Street: “Soho is a historic hub for subversive creativity and this temporary Louis Vuitton x Murakami universe adds to that legacy with a spellbinding experience of kaleidoscopic colour and artistry that cements a historic partnership between Louis Vuitton and Murakami; a collaboration that transformed the nature of how art and fashion merge and has endured as a pillar of innovation and delight”.
It will be open seven days a week until 9 February.
Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.
Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.
This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.
“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.
The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.
The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.
Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.
Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.
In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.
Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.
Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.
Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.
Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.
Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter. However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.
The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder. Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.
“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.