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Thursday, September 26, 2019

Off-White debuts bizarre $1,700 handbag wtih huge HOLES making it impossible to carry anything

First came the micro purse trend, which was able to fit only one's lipstick or a single AirPod inside the tiny bag.
But now Virgil Abloh's Off-White brand is turning the fashion world on its head with the release of its intentionally 'unfunctional' handbag. 
The Meteor is Off-White's latest top handle bag, but the design comes with large holes punched directly through the leather to make the purse unable to carry any item without it falling out. 
Alert the fashion presses: Off-White, Virgil's brand, unveiled its newest handbag ahead of its fashion show in Paris, France, on Thursday
Alert the fashion presses: Off-White, Virgil's brand, unveiled its newest handbag ahead of its fashion show in Paris, France, on Thursday
New concept: The bag entitled The Meteor ($1,665) is a top handle bag with holes punched through the leather, making it so the purse can't carry any items
New concept: The bag entitled The Meteor ($1,665) is a top handle bag with holes punched through the leather, making it so the purse can't carry any items
When announcing the launch of the handbag, the brand confessed in a press release that it was 'unfunctional' for the consumer, Vogue reports. 
Unfunctional: Off-White released the bag to challenge 'the concept of a bag itself, one of the most common objects in our everyday lives' 
Unfunctional: Off-White released the bag to challenge 'the concept of a bag itself, one of the most common objects in our everyday lives'
The purpose of the bag, instead, is to challenge 'the concept of a bag itself, one of the most common objects in our everyday lives.'  
Functional or not, Off-White is retailing the fashion accessory for $1,665 for anyone who is looking to carry a bag with no items inside. 
Off-White also sells a similar bag to the new Meteor bag that is without the holes. 
Its Jitney bag offers a similar design with the arrows crossing on the flap of the handbag. But the item provides a more affordable, and realistic, option for customers, as it is priced at just over $1,000 with no holes. 
Designer Virgil is known for being Kanye West's fashion protegee. 
He went on to launch the Off-White brand in 2012, which debuted its upcoming Spring 2020 collection featuring the unfunctional bag in Paris, France, on Thursday. 
Handbags have become one fashion accessory used by designers as of late to spark conversations within industry. 
Earlier this year, French fashion label Jacquemus debuted a micro bag during Paris Fashion Week that only had room for one small item.  
Showcase: Models at the brand's Paris Fashion Week show were seen carrying the bags with their arms going right through the holesShowcase: Models at the brand's Paris Fashion Week show were seen carrying the bags with their arms going right through the holes
Showcase: Models at the brand's Paris Fashion Week show were seen carrying the bags with their arms going right through the holes
Who needs storage? The bags look more like a glorified bracelet than a purse
Who needs storage? The bags look more like a glorified bracelet than a purse 
The brand, which is already well known for its micro handbags costing between $345 and $795, sent models down the runway with the minuscule accessories hanging from a single finger.
Most people thought the micro bag was the most unfunctional option out there. That is until Off-White released its Meteor bag. 
Virgil picked four women creatives within the fashion industry — Ana Gimeno Brugada, Carla Sozzani, Patricia Urquiola, and Karla Otto — to model the new bag for the brand's campaign images as opposed to hiring models in their 20s.
'Each muse styles the Meteor in her own way, extending [her] own superior style to this new classic,' Virgil told Vogue about the decision. 
When speaking about the bag, he added:  'Under the guise of "womenswear," the Meteor bag brings to [life] the notion of a strong spirit, [something that is] able to withstand natural disasters and take on a life of its own.'  
People can get their hands on the unfunctional Meteor bag beginning on September 29 in select retailers.   
Old trend: This 'unfunctional' bag comes after the trend of carrying a micro purse around
Old trend: This 'unfunctional' bag comes after the trend of carrying a micro purse around
Worth it? Earlier this year, French fashion label Jacquemus debuted a tiny bag during Paris Fashion Week that only had room for one small item
Worth it? Earlier this year, French fashion label Jacquemus debuted a tiny bag during Paris Fashion Week that only had room for one small item

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Wednesday, August 14, 2019

Farfetch Acquires Upscale Streetwear Brands Off-White



Pierre Suu/Getty Images
Heron Preston and Virgil Abloh backstage after the Off-White menswear fall/winter 2019-2020 show at Paris Fashion Week

The retailer bought parent company New Guards Group (whose portfolio also includes Palm Angels, beloved by Pharrell Williams) for $675 million.

Luxury online retailer Farfetch acquired Italian fashion holding company New Guards Group on Thursday in a $675 million deal. Farfetch now owns 100 percent of the Milan-based parent company of buzzy luxury streetwear brands Heron Preston and Off-White (founded by fashion designer and Louis Vuitton men's artistic director Virgil Abloh) as well as the Los Angeles-based company Palm Angels, beloved by Pharrell Williams and A$AP Rocky.
A spokesperson for Farfetch says the major fashion deal will add a “brand platform” layer to the company and help build a "brand of the future," in part by “expanding its capabilities to now include design, production and brand development.”
"The brands of the future will have three core elements. First, a creative tastemaker able to leverage digital channels to engage a global community; second, best-in-class design, planning and manufacturing; and third, direct-to-consumer global online distribution, complemented by a connected wholesale presence in the most prestigious physical boutiques," Farfetch CEO José Neves said in a statement. "This is what the combination of Farfetch and New Guards brings to the industry. Together, we can not only continue to develop New Guards' current portfolio, but will also be uniquely positioned to bring many new talents to life with the combined layers of the Farfetch platform."

Dominique Charriau/WireImage
Virgil Abloh and Gigi Hadid on the runway after the Off-White's menswear spring summer 2020 show as part of Paris Fashion Week
New Guards takes in $354 million per year in revenue, and Off-White is already one of the top 10 most popular brands on Farfetch (and was anointed as the hottest fashion brand in the world a year ago). However, Hypebeast reported Thursday that Farfetch stock was down 40 percent after the acquisition.

A representative for Off-White clarified that Off-White LLC is controlled by Abloh and owns the trademark of the brand. “NGG is our exclusive licensee pursuant to a multi-year agreement. The New Guards Group transaction with Farfetch will not affect Off-White day-to-day operations as the New Guards Group team will become part of Farfetch. We look forward to our ongoing work together.”
Both Abloh and Preston collaborated with Kanye West before launching their own brands. Abloh interned with West at Fendi in 2009 and worked as creative director for Yeezy, while Preston designed tour merch for West before debuting his eponymous label in 2016. A DJ and art director from San Francisco, Preston has collaborated with NASA, Off-White and Nike.
Inspired by L.A. skater culture, Francesco Ragazzi created Palm Angels after releasing a Rizzoli book of photographs under the same name in 2014, with a foreword by Williams. Ragazzi has been praised for bridging the gap between luxury and streetwear with his hibiscus, cannabis, butterfly and palm prints that have gained a starry following, including NBA players and musicians.
Farfetch previously purchased New York-based Stadium Goods sneakers for $250 million in December. It reported $89 million in losses after tax in the second quarter, ending June 30, according to Forbes.

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