Tom Ford is set to become a billionaire as Estée Lauder has agreed to buy his namesake brand in a $2.8 billion USD deal.Said to be the biggest in the luxury space this year, the deal will make the cosmetics giant the sole owner of the Tom Ford brand. The designer himself is confirmed to stay with the brand until the end of 2023, while his future role after that remains unclear as of now.Ford shared in a press release, "I could not be happier with this acquisition as The Estée Lauder Companies...

Louis Vuitton dives deeper into the world of hospitality as it prepares to open its first-ever luxury hotel.In an interview with WWD, the fashion house revealed that it is planning to transform its Paris corporate headquarters into a hotel and retail space. In addition to housing travelers, the space will feature Louis Vuitton's largest store worldwide.According to the brand's chairman and chief executive officer Michael Burke, the hotel offers a "spectacular view" of Paris' most iconic landmar...

Lacoste and Goop have joined forces to release a limited-edition collection that celebrates Gwyneth Paltrow's quintessential sport style looks from Wes Anderson's cult-loved film The Royal Tenenbaums.First released in 2002, Margot Tenenbaum has been a fictional style icon for over 20 years. From her heavily rimmed black eyeliner to her long mink overcoat, Paltrow's style in the movie has been celebrated both on the runway and the streets. However, it was her iconic Lacoste striped polo dress tha...

With ongoing talks of sustainability and climate change, it's no longer a surprise that fashion is one of the biggest industries harming the planet -- according to Bloomberg, 2,150 pieces of clothing are estimated to be thrown away each second in the U.S., and the fashion industry accounts for a fifth of the plastic produced globally every year. With these statistics in mind, fashion was one of the key sectors discussed at COP27 -- the 27th annual United Nations meeting on climate.Industry lead...