Louis Vuitton Taps Pharrell Williams as Next Menswear Designer
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Louis Vuitton Taps Pharrell Williams as Next Menswear Designer

The celebrity producer will fill Virgil Abloh’s vacant role and become creative director, the company said Tuesday

By JACOB GALLAGHER
Wed, Feb 15, 2023 8:57amGrey Clock 5 min

Louis Vuitton has hired Pharrell Williams, the music producer and streetwear entrepreneur, to be its creative director of menswear, the company said.

Mr. Williams, 49, assumes the role previously held by Virgil Abloh, who died in November 2021. Mr. Abloh was the first Black American to be appointed as the head designer at a European luxury house. Mr. Williams, a native of Virginia Beach, Va., who rose to prominence in the late 1990s as a part of hip-hop production duo the Neptunes, is now the second.

The first collection of Mr. Williams’s designs will be shown this June at men’s fashion week in Paris, the company said in a statement.

“I am glad to welcome Pharrell back home,” said Pietro Beccari, Louis Vuitton’s chairman and CEO, of Mr. Williams’s early-aughts collaborations with the company. “His creative vision beyond fashion will undoubtedly lead Louis Vuitton towards a new and very exciting chapter.”

Mr. Williams and Mr. Abloh had a longstanding relationship and shared admiration for each other. In a 2017 interview with the Journal, Mr. Abloh said Mr. Williams was one of his five ideal dinner companions. When Mr. Abloh died, Mr. Williams tweeted that his heart was broken, calling his friend “a kind, generous, thoughtful creative genius.” Days after Mr. Abloh’s death, Mr. Williams sat in the front row at the Louis Vuitton show in Miami.

At Louis Vuitton, fusing heritage and hype has been a successful play on its men’s side for several years. It collaborated with cult streetwear label Supreme in 2017, and hired Mr. Abloh as its menswear designer the following year. In collections that melded dramatic, avant-garde tailoring with high-end hoodies and sneakers, Mr. Abloh both appealed to the brand’s entrenched big-money clientele and brought in a younger, splashier consumer.

Now, the crown jewel of LVMH Moët Hennessy Louis Vuitton SA looks to extend a major run of growth that has propelled LVMH to the largest stock-market valuation in Europe—and turned Bernard Arnault, the conglomerate’s chairman and CEO, into the world’s richest person, recently outdistancing Elon Musk.

The Wall Street Journal first reported Mr. Williams and LVMH were in talks early Tuesday.

While Mr. Abloh’s profile exploded over the course of his three years at Vuitton, ultimately making him one of the most recognisable fashion designers in the world, Mr. Williams would assume the position as a genuine celebrity already—one who has been a judge on “The Voice,” voiced a character in “Sing 2” and racked up two Oscar nominations, 13 Grammy awards and a bevy of number-one singles.

LVMH’s strategy of aligning with splashy, big-name creatives contrasts with the more traditional route to hiring recently taken by Kering SA, one of its largest luxury industry rivals. In late January, Gucci, Kering’s flagship brand, named Sabato de Sarno, a little-known Italian designer who previously worked at Valentino SpA, as its new creative director.

Mr. Williams, meanwhile, is best known as a music hitmaker, responsible for chart-conquering earworms like “Happy” and “Blurred Lines”—but nevertheless has a lengthy résumé as an apparel entrepreneur.

He arrives at a highflying time for Louis Vuitton. It took the fashion house 164 years to become the luxury industry’s first $10 billion brand back in 2018, but it doubled that figure in four years. Analysts say that $20 billion in revenue makes it the biggest luxury brand in the world.

Still, there are new economic headwinds for the company and the industry. Many analysts are expecting an economic softening in key markets, including the U.S. and Europe. It is also a period of change at Louis Vuitton directly. This month, Chief Executive Michael Burke and Executive Vice President Delphine Arnault, Mr. Arnault’s daughter, handed off leadership of the brand. Taking over Louis Vuitton is Italian executive Mr. Beccari, the outgoing boss at Dior.

In one of his first forays in fashion in the early 2000s, well into his career as a pop megaproducer, Mr. Williams paired with Japanese fashion icon Nigo, who is now the creative director of Kenzo, another brand under the LVMH umbrella, to found the pioneering streetwear label Billionaire Boys Club as well as a skateboarding-inspired shoe brand, Ice Cream.

A 2005 clip shows a young Mr. Williams at Ice Cream’s Tokyo store, standing beside Nigo, who he affectionately calls “the General.” “Can’t believe it man, like it’s really happening,” said Mr. Williams, staring in awe at a display case of his brand’s lavender and baby-blue sneakers.

Mr. Williams’s earlier forays were lavish and logo-mad, defined by full-zip hoodies splayed with neon-coloured dollar-sign prints, and jewel-tone shoes. Product drops would draw crowds of cool-hunting teens and 20-somethings to the brand’s shops in New York and Japan.

Three years later, in what retrospectively looks like a sign of things to come, Mr. Williams collaborated with Louis Vuitton’s creative director Marc Jacobs on a series of jewellery designs and the blocky aviator-esque “Millionaire” sunglasses. “Vuitton for me is a school,” said Mr. Williams in a 2008 interview discussing his collaboration with Mr. Jacobs. “I’ve just learned a lot being here.” Today, pairs of those sunglasses continue to sell for over $1,000 on resale sites like Grailed.

Further collaborations followed with fashion heavyweights like Diesel, Chanel and Moncler. Mr. Williams has also worked with Adidas for nearly a decade on a co-branded line of clothes and shoes, including the sock-esque NMD Hu sneakers with New Age-y words like “Breathe,” “Clouds” and “Body” stitched along the front.

In the past few years, Mr. Williams has joined the rush of celebrities jumping in to launch skin-care products with the brand Humanrace, selling $36 “Rice Powder” cleansers and $52 “Ozone Body Protection” sunscreen.

Yet his largest impact in the fashion world is likely his own forward-looking choices in attire, even if he’s felt reticent about that role in the past. “It embarrasses me a bit to be a figure in fashion,” he told the Journal in 2014. “I think everyone is interested in what they put on, even if you dress conservatively.”

In 2015 he was awarded the Fashion Icon Award from the Council of Fashion Designers of America, appearing on stage to receive the award in a blue leather jacket and worn-in jeans. “No one has better style than the everyday American people,” he said during a brief speech. “Why? Because they’re the real thing and they live it everyday. I could never be as cool as them but I’m happy to take notes.”

Most recently, Mr. Williams has been the embodiment of this moment’s boundary-free mixing of streetwear and luxury, wearing both $240 putty-print hoodies from Cactus Plant Flea Market, run by his former assistant Cynthia Lu, and diamond-encrusted Tiffany & Co. sunglasses. (Tiffany & Co. is another LVMH brand.)

Over the past decade, the broader LVMH conglomerate has increasingly collaborated with celebrities, particularly musicians. In 2019, it partnered with Rihanna on Fenty, a luxury apparel line. While that brand fizzled after just two years, LVMH remains part-owner in her Fenty Beauty line, which is booming. Nigo, Pharrell’s longtime collaborator, also moonlights as a music producer and used his debut at Kenzo to tease songs from his 2022 album “I Know Nigo!”

Spanish singer Rosalía performed in January at the Louis Vuitton menswear show, which was created by the house’s men’s design studio, and featured pieces by the New York streetwear designer KidSuper. That partnership, though buzzy, didn’t provide any clarity on the long-term future of Louis Vuitton’s menswear.

Since Mr. Abloh’s death, fervent speculation has swirled about who Louis Vuitton would name to succeed him. Among the many names said to be linked to the job were independent designers like Martine Rose and Grace Wales Bonner.



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Australian Economy Posts Weakest Growth Since Early 1990s

Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992

By JAMES GLYNN
Wed, Sep 4, 2024 2 min

Australia’s commodity-rich economy recorded its weakest growth momentum since the early 1990s in the second quarter, as consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.

The economy grew 0.2% in the second quarter from the first, with annual growth running at 1.0%, the Australian Bureau of Statistics said Wednesday. The results were in line with market expectations.

It was the 11th consecutive quarter of growth, although the economy slowed sharply over the year to June 30, the ABS said.

Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992, the year that included a gradual recovery from a recession in 1991.

The economy remained in a deep per capita recession, with gross domestic product per capita falling 0.4% from the previous quarter, a sixth consecutive quarterly fall, the ABS said.

A big area of weakness in the economy was household spending, which fell 0.2% from the first quarter, detracting 0.1 percentage point from GDP growth.

On a yearly basis, consumption growth came in at just 0.5% in the second quarter, well below the 1.1% figure the RBA had expected, and was broad-based.

The soft growth report comes as the RBA continues to warn that inflation remains stubbornly high, ruling out near-term interest-rate cuts.

RBA Gov. Michele Bullock said last month that near-term rate cuts aren’t being considered.

Money markets have priced in a cut at the end of this year, while most economists expect that the RBA will stand pat until early 2025.

Treasurer Jim Chalmers has warned this week that high interest rates are “smashing the economy.”

Still, with income tax cuts delivered at the start of July, there are some expectations that consumers will be in a better position to spend in the third quarter, reviving the economy to some degree.

“Output has now grown at 0.2% for three consecutive quarters now. That leaves little doubt that the economy is growing well below potential,” said Abhijit Surya, economist at Capital Economics.

“But if activity does continue to disappoint, the RBA could well cut interest rates sooner,” Surya added.

Government spending rose 1.4% over the quarter, due in part to strength in social-benefits programs for health services, the ABS said.

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