Tuesday NEWS RUSH Featuring LVMH Budget Reduction.
It’s CULTED with your NEWS RUSH
First up, LVMH has reportedly reduced runway show budgets after closing many Chinese stores due to coronavirus.
An inside source said “in January of this year Celine went from a revenue of 10 million to 900,000. That’s -91% so all the budgets are frozen”. Thank you to Pam Boy for this inside scoop. To find out more about this ongoing story search ‘coronavirus’ on CULTED.com.
Next up, Supreme’s spring/summer collection will feature a 2pac Hologram. Supreme teased the new collection with a video showing a hologram of the rapper performing at Coachella back in 2012. The collection will include t-shirts and a skate deck featuring the image.
In other news, Rick Owens is collabing with Moncler. The standalone partnership will become part of Moncler’s main line. Rick Owens has also reportedly asked for the brand to design him a fully customised tour bus too.
And finally London fashion week is coming to an end today. If you’ve missed any shows don’t worry we’ve got you covered. You can see all our latest reviews on the grid and at CULTED.com including Burberry, Richard Quinn and more.
It’s Sam with CULTED.
Have a great Tuesday and stay tuned for the Gucci Autumn/Winter 2020 show later today.
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See also: LONDON FASHION WEEK FEB 2020 RECAP
See also: GUCCI AW20 SHOW REVIEW – #GUCCITHERITUAL