This week, fashion's biggest headlines covered financial reports, seasonal campaigns and new collection launches.
Leading the list, Zegna Group posted its 2023 financial report, reporting an astronomical 107.8% increase in profit over the year. Elsewhere, Cillian Murphy starred in his first Versace campaign, and Stray Kids fronted Tommy Hilfiger's Spring 2024 imagery. UNIQLO and JW Anderson reunited for another seasonal collection inspired by mid-century furniture design, and Travis Scott's Cactus Jack paired with Mitchell & Ness to create its first collegiate line.
Below, Hypebeast has rounded up the top fashion stories of the week so you can stay up to date on trends in the industry.
Zegna Group More Than Doubled Its Profit in 2023
Zegna Group, parent to the Zegna, Thom Browne and Tom Ford labels, posted outstanding financial results for the full year 2023 on Friday, reporting a profit of €135.7 million EUR, up 107.8% from the €65.3 million EUR in the year prior.
Across the board, the Group recorded revenues of €1.9 billion EUR, marking a 27.6% increase when compared to the same figures for 2022. The Zegna segment earned revenues of €1.32 billion EUR, up 12.4% from the year prior, while Thom Browne’s revenues increased by 14.9% to €380 million EUR. Zegna Group officially acquired the Tom Ford brand in April of 2023, so the company does not have previous results to draw a comparison. However, the Tom Ford fashion segment was responsible for an additional €235.5 million EUR.
Looking ahead, Zegna issued the following statement: “In the volatile world we live in, we must continue to be increasingly responsive, flexible and authentic to who we are. The Ermenegildo Zegna Group is a guardian of brands, and while short-term results are important, our top priority must always be their overall trajectory. What we should do is well defined; there will be challenges, but we know how to tackle them and how important it is to plan for the long term.”
Cillian Murphy and Anne Hathaway Fronted the Versace Icons Campaign
Versace has unveiled its latest Icons campaign, starring Oscar-winning actors Cillian Murphy and Anne Hathaway. In a mix of colorful and black-and-white images shot by legendary fashion photographers Mert & Marcus, the actors appear in standout silhouettes from the freshly minted collection, with styling from Jacob K. In a statement, Donatella Versace chose three words to describe the spectacle: “strong, direct, iconic.”
“For me, Anne and Cillian are two of the best actors of today,” the designer added. “Exceptionally talented and kind people I admire and respect, looking their best. Very Versace.”
Murphy, who worked with Donatella on the accompanying video advertisement’s soundtrack (which features the Irish band Fontaines D.C.’s “Boys In The Better Land”), sports a number of Versace essentials, including white tank tops, black coats, Medusa-buckled belts and Barocco-printed scarves.
On the campaign, he said, “Collaborating with Donatella — from sharing image references to selecting the music of Fountaines D.C. for the video — resulted in a campaign that reflects who I am. The collection of well-cut, empowering designs made from great fabrics suits me perfectly.”
UNIQLO and JW Anderson Returned With a Mid-Century Modern SS24 Collection
In seven years of collaboration, Japanese casualwear brand UNIQLO and UK fashion label JW Anderson have coined a distinct, joint design identity through a handful of preppy lines for the everyday client. Now, the duo has returned to reveal their Spring/Summer 2024 collection: a ready-to-wear manifesto inspired by the “great designs of the British mid-century period.”
Titled “In The Artist’s Studio,” the duo imagines the lineup to be ideal for a contemporary, London-dwelling creative with a “functional” and “modern” wardrobe. The range includes loose-fitting cotton jackets, which come in “Blue” and “Natural” colorways, as well as knit polo shirts with subtle stripes, extra-fine cotton broad shirts and seersucker button-ups in a variety of checkered patterns.
The collection is now available to shop via UNIQLO’s webstore and in select storefronts.
Stray Kids Starred in Tommy Hilfiger's Spring 2024 Campaign
Between global tour dates last year, K-pop septet Stray Kids found some downtime on the 36th floor of the Conrad Seoul Hotel to pose for Tommy Hilfiger’s Spring 2024 campaign. Shot by Sean Thomas, the promotional imagery sees band members Bang Chan, Lee Know, Changbin, Hyunjin, Felix, Seungmin and I.N sport the American designer’s latest preppy wares against sprawling views of the South Korean capital.
“I have always been inspired by pop culture’s intersection of fashion and entertainment,” said Hilfiger. “Stray Kids are one of the world’s most popular groups, and they possess an optimistic outlook that has connected them with international audiences through both their music and style. I can recognize their fierce determined spirit and it inspires me to deliver iconic looks for the next generation.”
Formed in 2017, Stray Kids is a K-pop powerhouse band, having placed four consecutive projects atop the Billboard 200 albums charts since its inception. The latest of them, ROCK-STAR, which was released last year, includes the group’s popular tracks like “LALALALA” and “MEGAVERSE.”
Travis Scott's Cactus Jack Partnered With Mitchell & Ness to Launch First College Collaboration
This week, Travis Scott's Cactus Jack teamed up with Mitchell & Ness to create its first-ever collegiate collection. The lineup, titled "Jack Goes Back to College," includes limited-edition apparel, merging the signature codes of Cactus Jack, Mitchell & Ness, Fanatics and Lids.
The collaboration features designs for 28 universities, with snapback hats, logo-laden hoodies, comfortable sweatpants and backpacks featuring spirited iconography. Among the colleges included are Boston University, Clemson University, Florida State University, Grambling State University, Louisiana State University, Michigan State University, Mississippi State University, North Carolina A&T State University, Northeastern University, Penn State University, Southern University and Texas A&M University, among others.
See the full list here.
Madhappy Cut the Ribbon on a New Tokyo Store
Los Angeles-based lifestyle label Madhappy cut the ribbon on its first international store in Japan this week. Dubbed the "Tokyo Concept Shop," the outpost is situated within the capital city's Ba-Tsu Art Gallery, where "office Madhappy" signs guide visitors into a boutique filled with its signature loungewear and campus classics.
Outside of apparel, the store also houses the brand's "Local Optimist" magazine, which is spread all over a glass table in the store's entryway. Toward the back, visitors can indulge in the "Pantry," where Madhappy sells an assortment of snacks and treats.
The store is located at 5 Chome-11-5 Jingumae, Shibuya City, Tokyo. It's open seven days a week, from 11 a.m. to 6:30 p.m.
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