Peter Do Joins Banana Republic and Tapestry's Q4 Earnings Fall Short in This Week's Top Fashion News
Stay up to date on the latest industry headlines.
This week’s fashion headlines included myriad crossover collaborations. Among them, Peter Do announced that he will be collaborating with Banana Republic on an exclusive capsule due out in October; Claire Waight Keller lent her signature codes to UNIQLO’s womenswear, and Moncler and Billionaire Boys Club unleashed their much-anticipated joint line.
Meanwhile, following news that
Below, Hypebeast has rounded up the top fashion stories of the week so you can stay up to date on trends in the industry.
Peter Do Is Collaborating With Banana Republic
Banana Republic/Peter Do
Just a few weeks out from his Helmut Lang debut, Peter Do has revealed he has an entirely different venture in the works: an exclusive capsule collection made in collaboration with Banana Republic. Coming this October, the team-up will see the New York designer, who honed his design codes while working under Phoebe Philo at Celine, dip into the American apparel purveyor’s decades-spanning archive to produce a line of versatile, well-tailored wares.
The capsule is said to feature “transformational and genderful” ready-to-wear pieces and accessories, all of which will be crafted on Do’s signature neutral color palette. Reimagining Banana Republic’s quintessential shapes, the collection will include structured outerwear, soft knitwear and utility silk shirting, per the brands.
The Banana Republic x Peter Do collection will launch online and in select Banana Republic stores this October. Take a first look here.
Coach-Owner Tapestry Fell Short of Earnings Expectations in Fiscal Q4
Peter Dazeley/Getty Images
Following several positive earnings reports, Tapestry Inc.’s fiscal fourth-quarter numbers fell short of analysts’ expectations, as lowering consumer demand in North America and a disadvantageous currency exchange rate affected the company’s overall outcome. The conglomerate, which owns Coach, Kate Spade and Stuart Weitzman, also forecasts that its fiscal 2024 figures will tally below expectations.
In fiscal Q4, Tapestry reported sales of $1.62 billion USD, down from last year’s $1.625 billion USD and even further behind Wall Street’s estimate of $1.653 billion USD. By brand, revenues for Kate Spade fell by 10% to $309.5 million USD, and Stuart Weitzman’s sales dropped by 13% to $62.6 million USD. Coach, however, managed to secure a 5% increase in sales, reaching a total of $1.25 billion USD.
Looking ahead, Tapestry forecasts adjusted earnings in the range of $4.10 USD and $4.15 USD per share in fiscal 2024, marking a decrease from analysts’ estimates of $4.24 USD. Further, the company expects to rake in net profits of approximately $6.9 billion USD across the year, which is also down from industry forecasts of $6.93 billion USD.
Claire Waight Keller Launched a Collection With UNIQLO
Uniqlo
Fashion powerhouse Clare Waight Keller is taking her signature touch to UNIQLO, crafting a new womenswear line titled UNIQLO:C.
The collection looks to offer a slew of versatile-yet-refined silhouettes, with a total of 30 pieces across outerwear, tops, skirts dresses and more. “I wanted to bring the essence of what I do: fluidity, movement, femininity—those were really key,” Waight Keller told Vogue. “But I also wanted to bring my sort of British sensibilities—the fact that I’ve always loved a little bit of this boy-meets-girl style, and the idea of attitude dressing.”
Claire Waight Keller’s UNIQLO:C collection will launch online and in stores on September 15.
Craig Green Became a Professor of Fashion
Craig Green/Jack Davison
Craig Green has been named the newest Professor of Fashion at the University of Applied Arts Vienna, joining an impressive roster of teaching alumni, which includes Karl Lagerfeld, Vivienne Westwood, Helmut Lang and Raf Simons, among others.
Green, who founded his label in 2012 after graduating from Central Saint Martens, has played a pivotal role in defining the UK’s bold fashions. For his work, the designer has earned a bevy of trophies over the years, including British Menswear Designer at the Fashion Awards 2016, 2017, and 2018, Menswear Guest Designer at Pitti Uomo 94 in 2018, the BFC/GQ Designer Menswear Fund prize 2016, and Emerging Menswear Designer at the British Fashion Awards 2014.
“It is a real honor to join the incredible team and students of the Fashion Department at the University of Applied Arts Vienna and I’m really looking forward to working closely with them over the next three years,” said Green.
Loro Piana Renewed Its Partnership with Juventus for the Club’s 2023/24 Season
Loro Piana
Loro Piana has renewed its partnership with Juventus Football Club for the 2023/24 season. In the next edition of its team-up, the quiet-luxury label will “dress the players for all official events, from institutional occasions to pre and post-match moments,” per the brand.
The collaboration first began for the 2021/22 season, and it was later renewed for the 2022/23 season, with an expansion to Juventus’ women’s team and its men’s formalwear. This next season, Loro Piana looks to dress the players in “dynamic and versatile” looks, with a bevy of upscale polo shirts in piquet cotton and wool trousers. For footwear, the team will wear leather moccasins.
The Moncler x Billionaire Boys Club Collab Arrived
Moncler/Bbc
Moncler and Billionaire Boys Club officially lifted the veil on their much-anticipated, special-edition collaboration. Celebrating 20 years of BBC, the luxe streetwear imprint founded by Pharrell, the collection champions the NYC-based brand’s signature iconography while lauding the high-end Italian outerwear label’s classic silhouettes.
The collection’s anchor is a combined logo that houses BBC’s astronaut motif inside Moncler’s classic blue logo shape. The dual-branded emblem appears on a down-filled puffer jacket dripping in BBC’s Diamond & Dollar print, as well as a Melton wool varsity jacket, boasting reflective embroidery, Nappa lambskin leather sleeves, nylon laqué lining and a removable drawstring hood.
Down the line, a loose-fitted hoodie dons felted iconography, and a yellow wool and cashmere blend knit sweater employs Milano-stitched elbow patches and a chest-laden logo. The collection is now available to shop at BBC ICECREAM global flagships, as well as on Billionaire Boys Club and Moncler’s webstores. See the full range here.
Ralph Lauren Is the Official Dresser for the US Team at the 2023 Ryder Cup
Ralph Lauren
Ralph Lauren has been the official outfitter for the US team at the Ryder Cup for almost a decade, and the quintessential American brand has announced that it will again dress the squad at this year’s iteration of the biennial golf competition.
At the event, which takes place in Rome, the 12-person team will wear an array of striped short and long-sleeve polo shirts, sweater vests and cricket sweaters — all decorated with the official US team badge. Notably, each silhouette is made from athletic tech textiles, will personalized tailoring for each player.
Ralph Lauren has also released a Ryder Cup collection for the public, which is now available to shop online.
