Guess Which Millennial Brand Just Sold for Over $2 Billion
Highest bidder: As Business of Fashion reports, Coach will be acquiring Kate Spade for a cool $2.4 billion. Per BoF, Coach CEO Victor Luis explained in a conference call why the brand decided to purchase Kate Spade. "Luis said Kate Spade's popularity among millennial consumers, not only in the United States but also in Europe and Asia, was what Coach found attractive," the site reports. Shop Kate Spade and Coach in honor of the news.
Just in: Christian Louboutin's new handbag isn't just chic—it's also for a good cause. The colorful creation was made in collaboration with the artisans of Taller Maya. 10% of the proceeds will go back to the organization, which seeks to preserve local craftsmanship and economic empowerment for female artisans in the Yucatan Peninsula. Shop the new Mexicaba handbag on Christian Louboutin's website.
Attention to detail: Made-in-America eyewear line State Optical Co. has officially launched online. That means the brand's chic, artisan-made sunglasses—which take two weeks to produce—are just a click away. Shop State Optical Co. online now.
Historical moment: Fashionista reports that a fascinating new Yves Saint Laurent exhibit has just opened, which chronicles his entire storied career. Find out all the details on Fashionista's website.