Fashion News Alert: Versace Teams Up with Duo Lipa, Investors Sue Adidas for Ousting Kanye West, and Karl Lagerfeld Documentary Gets Five-Star Rating

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Because of a sharp drop in profits, some American investors have sued Adidas over the brand’s split with hip hop icon Kanye West. Investors claim that Adidas knew about Kanye West’s erratic behavior for years and put no precautionary measures in place to deal with West’s bad behavior.

According to fashionnetwork.com, The class action lawsuit was filed on Friday in the U.S. District Court in Oregon. The Herzogenaurach-based company as well as its former CEO Kasper Rorsted and CFO Harm Ohlmeyer are named as defendants, while an investment fund from the U.S. state of Virginia is named as the lead plaintiff. Adidas has countered back by saying that, “[they] outright reject these unfounded claims and will take all necessary measures to defend ourselves vigorously against them.”

Adidas severed ties with Kanye West in October 22 after West continued making anti-Semitic remarks. West’s Yeezy products had been a major cash cow for Adidas. And now that Kanye West is no longer with the company, Adidas is expecting a 1.2 billion loss in profits in 2023.

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The mystery of Lagerfeld

In case you haven’t heard, right now in fashion, it is Karl Lagerfeld, Karl Lagerfeld, Karl Lagerfeld. On the heels of the Met Gala Karl Lagerfeld-themed red carpet and exhibition, On May 2, the Karl Lagerfeld documentary “The Mysterious Mr. Lagerfeld” aired on the BBC to a five-star rating.

“The Mysterious Mr. Lagerfeld” gives viewers a bird’s eye look into the world of high fashion seen through the lens of Karl Lagerfeld’s work at Chanel and through his many various relationships, business partnerships, and allegiances. If you are looking learn more about Lagerfeld’s work at Chloe or Fendi, this documentary is not about that.

In the “Mysterious Mr. Lagerfeld” you will learn a little about the romantic life of Karl Lagerfeld, you will hear first-hand accounts of Lagerfeld from the models he worked with, you will also hear testimony from Carine Roitfeld (also a Lagerfeld collaborator) and Colombe Pringle; plus his muse Amanda Harlech; and assorted others such as a Paris neighbor, a former friend, his lawyer, and his doctor. And of course you will learn about his pet cat, Choupette.

More importantly you will get a more total picture of who Lagerfeld was beyond his fashion sensibilities and enormous success in fashion. And like most good biographical documentaries, this documentary leaves you wishing Lagerfeld had lived just a little bit longer.

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The summer of Lipa and Versace

Dua Lipa and Donatella Versace have teamed up to create a luxury vacation fashion line which will be presented during the Cannes Film Festival on May 23. The new collaboration, La Vacanza, is a part of the Versace High Summer fashion line.

Dua Lipa’s affiliation with Versace goes back further than this collaboration. The Albanian pop singer walked in Versace’s spring 2022 fashion show.

Dua Lipa is not only connected to the house of Versace; she has worked and collaborated with several fashion brands. Lipa is the face of one of Yves Saint Laurent’s fragrances. She created a collection for Pepe Jeans in 2021. And she was one of the hosts of the 2023 Met Gala.

—William S. Gooch

 

 

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