LE CREATIVE WRAP
Written By LE BOOK
FASHION
Y/Project, the innovative Paris-based fashion label founded in 2010, has officially shut down after 14 years of operation following the death of co-founder Gilles Elalouf and the departure of creative director Glenn Martens.
WATCHES
TAG Heuer, the Swiss luxury watch brand, is set to return as Formula 1's Official Timekeeper in 2025, replacing Rolex after a 20-year hiatus. This significant move coincides with Formula 1's 75th anniversary and marks the beginning of a new 10-year partnership between F1 and LVMH, the parent company of TAG Heuer.
K BEAUTY
South Korean cosmetics exports have achieved a significant milestone, surpassing the $10 billion mark for the first time in 2024. According to the Ministry of Food and Drug Safety, the export value reached $10.2 billion, marking a 20.6% increase from the previous year.
CULTURE
Ralph Lauren has made history by becoming the first fashion designer to receive the Presidential Medal of Freedom, the United States' highest civilian honor. During a White House ceremony on January 4, 2025, President Joe Biden personally awarded Lauren this prestigious recognition for his extraordinary contributions to American fashion, culture, and philanthropy.
HAUTE COUTURE
The Spanish company Sociedad Textil Lonia (STL) has reached an agreement to acquire 100% of Christian Lacroix, the iconic French fashion house, in a private transaction.This acquisition marks a significant move for STL to expand its portfolio and strengthen its presence in the international luxury fashion market.
COLLABORATION
Gentle Monster has unveiled its first 2025 "Jewelry" collection, transforming eyewear into luxurious fashion accessories. The collection features 10 core styles that blend innovative design with jewelry-inspired elements, set to launch on January 10, 2025.
