logo
Jonathan Anderson will lead fashion at Dior

Jonathan Anderson will lead fashion at Dior

Yahoo2 days ago

This story was originally published on Fashion Dive. To receive daily news and insights, subscribe to our free daily Fashion Dive newsletter.
Jonathan Anderson has been appointed creative director of women's, men's and haute couture at LVMH-owned Dior, according to a Monday press release.
Anderson succeeds Maria Grazia Chiuri, who exited her role as creative director for Christian Dior Haute Couture and Dior Women last week following her final couture show in Rome. Anderson, formerly creative director of LVMH-owned Loewe, was appointed artistic director of Dior Men in May.
This is the first time all three Dior collections will be under a single creative vision since the house's founder, Christian Dior, helmed the combined roles, per the release.
Anderson's combined role at Dior signals a major vote of confidence regarding his ability to recreate the success he brought to Loewe. The brand sponsored last year's Met Gala and ranked consistently high on the Lyst Index, during Anderson's tenure, and he was named one of Time Magazine's most influential people in 2024.
'Jonathan Anderson is one of the greatest creative talents of his generation,' Bernard Arnault, chairman and CEO of LVMH, said in the release. 'His incomparable artistic signature will be a crucial asset in writing the next chapter of the history of the House of Dior.'
Anderson will present his first collection, for Dior Men, in Paris on June 27.
In the release, Anderson thanked Christian Dior Couture's chairman and CEO of Delphine Arnault, as well as LVMH Chairman and CEO Bernard Arnault, 'for their trust and loyalty over the years,' and said it was an honor to join the company in the combined role.
'I have always been inspired by the rich history of this House, its depth, and empathy,' Anderson said. 'I look forward to working alongside its legendary Ateliers to craft the next chapter of this incredible story.'
Prior to joining Loewe, Anderson was focused on his namesake JW Anderson label, founded in 2008. LVMH acquired a minority stake in 2013 — the same year Anderson became Loewe's creative director.
'I have followed [Anderson's] career with great interest since he joined the LVMH group over ten years ago,' Delphine Arnault said in the release. 'I am convinced that he will bring a creative and modern vision to our House, inspired by the fabulous story of Monsieur Dior and the codes he created.'
So far this year, the fashion industry has seen more than a dozen creative director changes, including last month's appointment of Pierpaolo Piccioli at Balenciaga. This is the fourth creative director appointment within the past year at LVMH.
In March, the company appointed former Proenza Schouler duo Jack McCollough and Lazaro Hernandez as joint creative directors at Loewe following Anderson's departure. Last year, Michael Rider took over Celine from Hedi Slimane in October, and Sarah Burton nabbed the top artistic spot at Givenchy in September, following the January exit of Matthew M. Williams.
LVMH revenue has lagged against a backdrop of tariff uncertainty and a widespread luxury slowdown.
First quarter revenue, reported in April, was down 2% to 20.3 billion euros, or about $23 billion at the time. Fashion and leather goods, the company's largest division, fell 4% to 10.1 billion euros. The company doesn't break down revenue by brand, but when LVMH took full control of Christian Dior in 2017, the deal was valued at $13 billion.
Recommended Reading
LVMH names 3 new CEOs

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Philly Pride Organization Told Target Sponsors To Kick Rocks
Philly Pride Organization Told Target Sponsors To Kick Rocks

Yahoo

time23 minutes ago

  • Yahoo

Philly Pride Organization Told Target Sponsors To Kick Rocks

Philly Pride 365 declined to work with the nationally boycotted retailer, Target. According to Axios, the Philadelphia organization turned down the mega-corporation's sponsorship for its Pride Month Kickoff. Target confirmed the organization rejected its offer, stating 'that they were not entering agreements with corporate entities this year.' Philly Pride 365 has secured multiple sponsors, many of which are local. The organization is working with NRG, Penn Medicine, and the Philadelphia Union. Deciding against working with the brand comes as no surprise to many. Target has been the target of a national boycott since doing away with its diversity, equity, and inclusion initiatives in 2025. While Target hopes to lure patronage with the gesture, other companies are stepping back. Nationwide, 39% of corporations are scaling back external Pride Month engagements this year, according to Gravity Research data. Dangling dollars during Pride may appear supportive, yet the continued elimination of DEI initiatives is even more so. As the company sends a message that inclusion is not a priority, Black, POC, and LGBTQIA organizations have decided to fall back. The company has seen a 7% decrease in sales over the course of the first quarter of 2025. This Pride season, the company has decided not to feature Pride merchandise as it has done in previous years. Similarly, the company has removed many of its Black-owned merchandise from shelves. While many Black businesses have fully supported the boycott, brand influencer Tabitha Brown has received backlash for her seemingly continued support of Target. The author and actress was caught in a firestorm of backlash after encouraging her fans to continue shopping at the retailer. While Brown's message emphasized supporting the remaining Black brands at Target, many took offense at the suggestion. Not to be deterred, the Donna's Recipe founder posted a video doubling down on her statements. Ironically, she believes her support of the conglomerate is a byproduct of uplifting Black people. 'To all the people in the comments and my DMS with your uneducated hate messages…There is no amount of hate and ignorance that is going to stop me from using my platform and my voice to support and uplift small businesses, Black-owned businesses, Black content creators, and Black authors,' Brown said. As many companies drop their commitment to uplifting marginalized communities, those communities are dropping their allegiance to these companies. Not all money is good money, and organizations like Philly Pride 365 are making that abundantly clear. RELATED CONTENT: Tabitha Brown Claps Back At Haters: 'No Amount Of Hate Will Stop Me From Uplifting Black Creators' As Target Boycott Impacts Authors

PayPal's Venmo, Snowflake upgrade, Asana: Trending Tickers
PayPal's Venmo, Snowflake upgrade, Asana: Trending Tickers

Yahoo

time25 minutes ago

  • Yahoo

PayPal's Venmo, Snowflake upgrade, Asana: Trending Tickers

PayPal-owned (PYPL) mobile payment app Venmo is adding new features to its platform, including 15% cashback rewards at select retailers. UBS analysts upgrade Snowflake stock (SNOW) to a Buy rating and raise their price target to $265 per share. Asana (ASAN) shares sink Wednesday morning after topping first quarter earnings estimates while reporting a notable year-over-year decline in sales growth. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Sign in to access your portfolio

Ultrack Systems Inc. (OTC: MJLB) Secures 60% Stake in Better Pets, Charging Into the $325 Billion Pet Wellness Industry with Momentum and Market Vision
Ultrack Systems Inc. (OTC: MJLB) Secures 60% Stake in Better Pets, Charging Into the $325 Billion Pet Wellness Industry with Momentum and Market Vision

Associated Press

time34 minutes ago

  • Associated Press

Ultrack Systems Inc. (OTC: MJLB) Secures 60% Stake in Better Pets, Charging Into the $325 Billion Pet Wellness Industry with Momentum and Market Vision

TORONTO, June 04, 2025 (GLOBE NEWSWIRE) -- Ultrack Systems Inc. (OTC: MJLB), a fast-growing leader in smart logistics technologies, is thrilled to announce the acquisition of a 60% controlling interest in Better Pets, a rising star in the science-driven pet wellness industry. This strategic move catapults MJLB into the booming $325 billion global pet care market—one of the fastest-growing consumer sectors in the world. The transaction, comprised of a mix of cash and equity, also gives Ultrack the right of first refusal to acquire the remaining shares of Better Pets, solidifying its position to take full ownership as the brand scales rapidly. Better Pets: A Brand With Bite Better Pets is not your average pet product company—it's a forward-thinking health-first brand. Known for its organic, clean-label products like Pet Balm and Pet Gel, each formulated with over 60% organic hemp oil and beeswax, Better Pets is redefining how modern pet owners care for their companions. What sets Better Pets apart? The company is backed by: New proprietary SKUs are currently under development, signaling significant expansion potential as the company scales to meet consumer demand. Strategic Diversification & Revenue Potential Ultrack estimates the current valuation of Better Pets to be in the $5–6 million range, supported by early revenue potential, product momentum, and deep distribution relationships. Even more exciting: industry trends suggest this deal could unlock substantial recurring revenue for MJLB within the next 12 to 18 months. This acquisition isn't just about diversification—it's a smart entry into a high-growth vertical that perfectly aligns with macro consumer trends like: Better Pets is built to scale, and Ultrack is putting its capital and capabilities behind that growth. Management Commentary 'This acquisition marks a bold and strategic leap for Ultrack,' said Reno Calabrigo, CEO of Ultrack Systems Inc. 'Better Pets is more than a brand—it's a movement in the pet wellness space. Their dedication to science-based, natural formulations fits perfectly with our mission to invest in innovation and capitalize on emerging consumer trends. We're confident this partnership will deliver strong value to our shareholders and open up entirely new revenue streams for the company.' About Ultrack Systems Inc.: (OTC: MJLB) Ultrack Systems Inc. is a diversified, publicly traded technology and asset management company committed to identifying, acquiring, and scaling high-potential businesses across key growth sectors. From smart logistics and fleet management to health and consumer goods, Ultrack is building a dynamic portfolio designed for long-term value creation and market disruption. Website: About Better Pets Better Pets is a Canadian-owned, premium pet wellness brand committed to helping pets live healthier, happier lives. Operating under the Better Health Sciences portfolio, Better Pets specializes in clean-label, science-backed formulations made with natural, organic ingredients. Its flagship products are rapidly gaining traction among discerning pet owners and leading distributors across North America. Website: Safe Harbor Statement This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as 'anticipates,' 'believes,' 'estimates,' 'expects,' 'plans,' 'intends,' 'potential' and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements. Investor Contact: Email: [email protected]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store