Missed out on the fashion chatter this week? We’ve got you covered. Every week, our inbox is flooded with hundreds of press releases, but we made it our mission to sift through all the noise so you don’t have to. Here’s your quick recap of all the key fashion news from June 14 to 20, served up in bite-sized pieces so you can catch up fast…
A Labubu Just Sold For $31,250 at the Joopiter Auction
Sacai and K-pop supergroup Seventeen have teamed up on a limited-edition Labubu capsule collection, auctioned exclusively on Pharrell Williams’ Joopiter platform to mark the release of Seventeen’s new album Happy Burstday. The 14 “blind box” lots each featured an exclusive acid green Pop Mart x How2work Labubu, with 13 dressed in custom beige Sacai x Carhartt WIP outfits and one secret version styled in a colorway inspired by one of Pharrell’s favorite Sacai pieces. The top lot sold for a record-breaking $31,250, the highest price ever paid for the recession indicator, we mean Labubu, at auction. Also up for grabs were a Sacai-designed jacket worn in Seventeen’s Pharrell-produced Bad Influence music video, which fetched $9,500, and a T-shirt signed by 11 members of the group, which went for $4,500. Net proceeds from the auction will be donated to UNESCO, where both Seventeen and Pharrell serve as goodwill ambassadors.
Francesco Risso Exits Marni After 10 Years
Marni has officially confirmed the departure of Creative Director Francesco Risso after a decade-long tenure that redefined the house’s eclectic DNA for a younger, bolder generation. Risso, who took over from founder Consuelo Castiglioni in 2016, leaves behind a legacy of vibrant color, textured craft, and cult hits like neon mules and mohair cardigans, as well as collaborations with Dingyun Zhang, Carhartt WIP, and Erykah Badu. His exit marks the latest in a series of leadership shakeups at OTB Group—owner of Diesel, Jil Sander, and Maison Margiela—following major shifts at Y/Project and Jil Sander. While Marni has yet to name a successor, speculation swirls around a return to a female creative lead. As OTB looks to revitalize its portfolio amid a luxury slowdown, all eyes are on whether it will break from the industry’s revolving door of familiar names and take a risk on someone new.
FIFA Launches Fashion Line ‘FIFA 1904’ with VFiles
FIFA is making a move into fashion with the launch of FIFA 1904, a new “functional luxury” clothing line for men and women, created in collaboration with cult label VFiles. Debuting with cashmere overcoats, sheath dresses, crisp shirts, and tailored blazers, the collection marks the first time a sports league—not just a club—has ventured into full-fledged fashion. Designed by Marcus Clayton, formerly of Fenty, the line is based in New York and L.A. and will officially launch during the Paris menswear shows this month, with the VFiles SoHo store set to transform into the FIFA 1904 flagship. The brand will start with ten wholesale partners and plans a runway show in 2026. Prices range from $55 to $995. While FIFA remains a nonprofit, it will license its name and logo to VFiles in exchange for royalties and design approval rights. VFiles founder—and Barnsley FC owner—Julie Anne Quay believes the brand could grow into a billion-dollar business by the 2030 World Cup, with FIFA 1904 serving as the foundation of a larger fashion empire under the new umbrella company, VFiles Unlimited.
2025 CFDA Fashion Awards Set for November 3
The Council of Fashion Designers of America has officially set the 2025 CFDA Fashion Awards for Nov. 3, returning once again to the American Museum of Natural History in New York for the third consecutive year. Amazon Fashion will reprise its role as presenting partner for the fourth year running, while Google Shopping will sponsor the American Emerging Designer of the Year award. Last year’s winners included Rachel Scott of Diotima for American Womenswear Designer of the Year, Willy Chavarria for Menswear (his second win in a row), Raul Lopez of Luar for Accessories, and Henry Zankov of Zankov for Emerging Designer. The nominees for this year’s edition are expected to be announced in September.
Byredo Founder Ben Gorham Exits Brand
Ben Gorham, founder and Chief Creative Officer of cult fragrance brand Byredo, is stepping down after nearly two decades at the helm. The move comes three years after he sold a majority stake to Spanish beauty giant Puig. Launched in Sweden in 2006, Byredo gained a loyal global following with iconic scents like Mojave Ghost and Gypsy Water, eventually expanding into makeup, fashion, body care, and homeware. Puig acquired a majority share in 2022, reportedly valuing the brand at €1 billion, with Gorham continuing as CCO until June 2025 under the terms of the deal. “I am proud of what we were able to achieve over a 20-year journey,” Gorham shared, adding that he now entrusts the brand’s future to Puig while pursuing new ventures. Puig CEO Marc Puig praised Gorham’s vision, promising to honor Byredo’s DNA while steering it into its next growth phase. The move aligns with Puig’s broader acquisition strategy, which recently included majority stakes in Dr. Barbara Sturm in 2024 and Charlotte Tilbury in 2020, with plans to fully own the latter by 2031.