Summary • Dario Vitale left Versace immediately after Prada acquired the brand for over $1.3 billion USD, reshaping the Italian luxury landscape, while Demna's Gucci Pre-Fall 2026 collection pivoted to a sleek, Tom Ford-era aesthetic. • Tyler, the Creator closed his le FLEUR* clothing line (accessories continue), and Justin Bieber’s SKYLRK opened its first physical store in Tokyo. • Ralph Lauren unveiled the "Made in USA" 2026 Winter Olympics uniforms for Team USA, and Levi's Vintage Clothing released a limited-edition reproduction of Albert Einstein's iconic leather jacket.
Prada Finalizes $1 Billion USD Versace Acquisition
The fashion world was reshaped this week as the Prada Group finalized its major acquisition of Versace in a massive $1.375 billion USD cash deal. This strategi

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