This week delivered pivotal developments across the fashion industry, blending corporate realignments with creative milestones. Prada finalized its long-anticipated acquisition of Versace, Tyler, the Creator confirmed the final chapter of his le FLEUR* clothing line, and Demna introduced a polished new direction for Gucci. Additional highlights include SKYLRK’s first retail pop-up in Tokyo, Ralph Lauren’s unveiling of the 2026 Team USA uniforms, and Levi’s Vintage Clothing releasing a rare reproduction of Albert Einstein’s iconic leather jacket.
Prada Finalizes Its $1.375 Billion Versace Acquisition
The Prada Group made a decisive move in luxury fashion by completing its acquisition of Versace in a $1.375 billion USD cash deal. This followed the blocked attempt by Tapestry, clearing the way for Prada to bring another powerful Italian label under its umbrella. The integration aims to give Versace renewed financial strength and competitive presence in the global market. Shortly after the merger, Creative Director Dario Vitale announced his departure, marking a sudden shift in the house’s leadership. The new chapter will be guided by Lorenzo Bertelli, who steps in as Executive Chairman, while Versace awaits confirmation of its next creative head. Donatella Versace publicly celebrated the union, referencing her brother Gianni and expressing hope for the brand’s future under Prada’s stewardship.
Tyler, the Creator Announces Final le FLEUR* Apparel Collection
Tyler, the Creator shared an emotional update on Instagram, revealing that his luxury brand le FLEUR* will no longer release full seasonal clothing collections. While fragrances, accessories, and collaborations will continue, the upcoming Season Four drop will mark the brand’s final apparel launch. Since debuting in 2017, le FLEUR* has stood out for its pastel palette, polished tailoring, and playful maximalism—distinct from Tyler’s earlier Golf Wang streetwear roots. Reflecting on the decision, Tyler explained that fashion became his “second passion,” but he feels it’s time to slow down and communicate less intensely through clothing.
Demna Introduces Gucci’s Sleek Pre-Fall 2026 Collection
Demna revealed his second collection for Gucci with a Pre-Fall 2026 lookbook that shifts away from his signature oversized silhouettes. Instead, the aesthetic embraces the sensual minimalism of the Tom Ford era. The collection emphasizes slim tailoring, suede and leather outerwear, understated basics, and clean, architectural silhouettes. Shot with sharp lighting reminiscent of Ford’s ’90s campaigns, the lookbook introduces refreshed versions of classic Gucci motifs, along with updated accessories such as pointed-toe shoes and a range of handbags—from micro formats to weekender styles, including the revived Jackie 1961.
SKYLRK Opens Its First Pop-Up Store in Tokyo
Justin Bieber’s footwear label SKYLRK reached a major milestone less than a year after launching by opening its first physical retail space in Tokyo. The pop-up, running December 4–8, reflects the brand’s futuristic identity through sleek displays and a curated product lineup. Visitors can shop staple footwear designs along with exclusives such as the Hailey Gray Rest Slipper—created in collaboration with Hailey Bieber—and the Lilac Earth Bender shoe, 3D-printed with Zellerfeld. The debut positions SKYLRK as an emerging force in global sneaker culture.
Ralph Lauren Debuts Team USA’s 2026 Winter Olympics Uniforms
Continuing its longstanding partnership with the U.S. Olympic and Paralympic Committee, Ralph Lauren unveiled the official uniforms for Team USA at the Milano Cortina 2026 Winter Olympics. Both the Opening and Closing Ceremony looks are proudly Made in the USA. The Opening Ceremony design centers on a classic ivory wool duffle coat with wooden toggles, paired with heritage-inspired accessories. The Closing Ceremony outfit introduces a sportier direction with a bold color-blocked puffer jacket and utility-driven pants. A retail collection echoing these patriotic themes is now available to the public.
Levi’s Vintage Clothing Reissues Albert Einstein’s Iconic Leather Jacket
Levi’s Vintage Clothing honored Albert Einstein’s legacy by releasing a meticulously reproduced version of his famous Menlo Cossack Leather Jacket. Einstein acquired the original around 1935, and Levi Strauss & Co. purchased it in 2016—reportedly still imbued with the faint scent of pipe tobacco. The new edition is limited to 800 hand-numbered pieces worldwide and remains faithful to the historical design, featuring a cropped fit, rounded collar and cuffs, and brass hardware. Each jacket arrives with special packaging, including a replica of the Christie’s auction paddle used during the original sale.
