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News September 12, 2022
By Snobette
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News

Kanye Says He Will Run Yeezy Independently After His Contracts Expire

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September 12, 2022. Leave a Comment

Ye appears to have softened his approach to dealing with Adidas and Gap. Following a weekend on Instagram where he repeatedly expressed a wish to exit his Adidas contract early, he let it be known he will stay through the end of his contracts, but would then cease to partner with another company.

“It’s time for me to go it alone,” he said in a phone interview with a Bloomberg reporter. “It’s fine. I made the companies money. The companies made me money. We created ideas that will change apparel forever. Like the [Gap] round jacket, the [Adidas] foam runner, the slides that have changed the shoe industry. Now it’s time for Ye to make the new industry. No more companies standing in between me and the audience.”

Describing Adidas and Gap as akin to the parent of an ex he has no choice but to co-parent with, Ye added, “They my new baby mamas. I guess we’re just going to have to co-parent those 350s.”

Ye’s contract with Adidas ends in 2026 and his agreement with Gap runs through 2030. As Ye explained in a since-deleted Instagram post that was expanded on by Sole Retriever, he owns the Yeezy name but the shoe silhouettes are owned by Adidas. According to patents filed with the U.S. Patent Office, the shoes were designed by Nic Galway, senior vice president of global design at adidas or Aurelian Longo, design director of Adidas Y-3 footwear.  The Yeezy slide is the one shoe that’s owned by Ye’s company Mascotte Holdings, Inc.

In the exchange with Bloomberg, Ye reiterated the corrosive nature of Adidas copying Yeezy silhouettes. “No one should be held in that position where people can steal from them and say we’re just paying you to shut up. That destroys innovation. That destroys creativity. That’s what destroyed Nikola Tesla.”

In addition to producing his own shoes, Ye plans to open campuses nationwide, which will house shopping centers, schools, farms and dorms. Dubbed Donda, a tribute to his mother Donda West, the campus stores will sell Yeezy product designed by the brand’s design team.

Prior to opening the campuses, Ye said he wants to open his own YZYSPLY stores. At the moment, he’s working closely with former Adidas executive Eric Liedtke, who now runs the independent plant-based clothing operation Unless Collective.

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Nike and Tiffany have revealed a selection of acce Nike and Tiffany have revealed a selection of accessories to accompany their Air Force 1 collaborative shoe. Items include a shoe horn, lace dubrae, toothbrush and whistle, ranging in price from $250-$475.

Priced at $400 for the shoe, Nike and Tiffany's AF1 (style code: DZ1382-001) drops on March 7th.
Scathing 5,400-word report via The Cut's Tahirah H Scathing 5,400-word report via The Cut's Tahirah Hairston on Kerby Jean-Raymond whose label Pyer Moss appears to no longer be operational. 

Check out an excerpt below. 

Ten years in, Jean-Raymond’s star has only risen. He hangs out with celebrities (Tracee Ellis Ross, Brent Faiyaz), made a cameo on Insecure, and drives flashy cars (a McLaren 720S, an Aston Martin Superleggera, a Porsche GT3 RS). Meanwhile, his brand is nearly nonexistent.

There is no Pyer Moss boutique. The clothing celebrated on the runway was mostly not available to anybody who didn’t have a celebrity stylist to pull it for them, and company insiders complained that quality control was so uneven that at times what was produced was too flawed to be sold. Jean-Raymond sometimes missed deadlines, didn’t always pay bills, started other projects, and alienated allies. He referred to Pyer Moss as an “art project” and seemed reluctant to make practical choices. Among the fashion insiders who had cheered his rise, there has been a growing feeling that he has wasted an opportunity to build something important.

The last straw for many of his early supporters was his couture show in July 2021. Titled “WAT U IZ,” and put on in the U.S. during Paris Couture Week, it was a tribute to the various innovations that Black people have been responsible for, often without credit. The models came down the runway decked out in a jar of peanut butter and a traffic light. A lot of it wasn’t really clothing, much less couture. Even if the professional critics and other members of the fashion press seemed hesitant to publicly express their disappointment, they whispered among each other that he’d lost the plot of his brand.
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London-based South Korean designer, Sohee Park pre London-based South Korean designer, Sohee Park presented her Couture spring 2023 collection in Paris for the first time.

For her Paris debut, the Central Saint-Martins alum presented an assortment of ornate gowns where drama and glamour came to shine.

Neck-breaking angelic walk courtesy of model Sokhna Niane @sokhnaforreal 🔥
In sad news, Kering hasn't realized its mistake an In sad news, Kering hasn't realized its mistake and brought back Alessandro Michele (kidding but not really). Instead it's announced the appointment of Sabato De Sarno as Gucci creative director. De Sarno will present his debut runway collection at Milan Women’s Fashion Week in September 2023.

The 39-year-old Sabato De Sarno was raised in Naples, Italy. He began his career at Prada in 2005, moving to Dolce & Gabbana, before joining Valentino in 2009, where he eventually was appointed fashion director of men’s and women’s collections.

De Sarno's resume is no joke, so we look forward to seeing what he brings to the table and will do our best to not hold it against him that he replaced Michele. That's on Kering.
French luxury conglomerate LVMH announced earnings French luxury conglomerate LVMH announced earnings yesterday and noted that Fenty Beauty doubled its revenue in 2022 versus the prior year. In an earnings release the company attribued the growth to "expansion of its distribution network and the success of its launches." 

First launched with LVMH's beauty brand incubator Kendo in 2017, Fenty's growth over the past several years has largely been fueled by global expansion. 

Comnenting on Fenty Beauty's first forray into Asia, CEO Rihanna in 2019 stated on social media, "When I launched @fentybeauty in 2017, it was important to me to make sure it was available globally so everyone had access to it. We are continuing to expand our Fenty Beauty family to Hong Kong, Macau, Seoul and Jeju in September!”

While LVMH didn't provide 2022 Fenty Beauty revenue figures, it announced the beauty brand brought in $573M in revenue in 2018. Forbes in 2021 valued the entire operation as worth $2.8 billion, of which 50% belongs to Rihanna.
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