Willy Chavarria, Luar Honored by CFDA and Ye Reaches Truce With adidas in This Week’s Top Fashion News

In this week's fashion’s biggest headlines, underrepresented communities were honored, major industry beef was settled and market shifts continued to affect luxury and mass-market players.Both parties can breathe a big sigh of relief as Ye and adidas settle all claims regarding the fallout of their partnership. As amends are made on their end, a new apparel-focused collaboration is cemented between Salomon and MM6 Maison Margiela. In big milestones for diversity and inclusion, designer Willy Chavarria and Raul Lopez of Luar were honored with top prizes at the CFDA Fashion Awards, and elsewhere, RRL has tapped a Navajo artist to build an Indigenous-focused collection for its "Artist In Residence" program. While Moncler joins the list of companies taking revenue hits due to economic troubles, Prada Group reported an excellent Q3 as Miu Miu sales surged.Below, Hypebeast has rounded up the top fashion stories of the week so you can stay up to date on trends in the industry.adidas and Ye Officially Settle All ClaimsIt has been two years since Ye and adidas' partnership reached its bitter end, following controversial remarks from the multi-hyphenate rapper and designer. Reuters originally reported that the two parties reached an out-of-court settlement that closes out all claims associated with their joint Yeezy line.adidas chief executive officer Bjorn Gulden said “Both parties said we don’t need to fight anymore and withdrew all the claims,” and said that no payments were made in the agreement.Following the termination of the collaboration, the German sportswear giant was left with more than $1 billion USD of unsold Yeezy products. adidas has continued to sell down the line via outlet stores and stated that the company hopes to sell off the line's remaining inventory by the end of 2024.Willy Chavarria Named 2024 CFDA American Menswear Designer of the YearThe Council of Fashion Designers of America (CFDA) held its annual Fashion Awards at New York's American Museum of Natural History hosted by Cynthia Erivo.For the second consecutive year, Willy Chavarria was awarded the American Menswear Designer of the Year (presented by singer Troye Sivan), and Raul Lopez of Luar was honored as Accessory Designer of the Year. Presented by Amazon Fashion, the all-new Amazon Innovation Award was granted to Stuart Vevers for Coachtopia's eco-conscious approach and revitalized vision of the heritage leather goods brand.Prada Group Reigns Triumphant As Miu Miu Sees 105% Sales SurgePrada Group is kicking the luxury slowdown trend, reporting 9-month net revenues up 18% year-over-year. Meanwhile, competitors like Louis Vuitton owner LVMH and Gucci owner Kering have been rocked by the global decline in spending. Business of Fashion reported that Miu Miu's impressive performance has driven Prada‘s resilience, with its 105% surge in third-quarter sales compared to last year.Designer Miuccia Prada and creative partner Raf Simons have been instrumental to the company’s performance, pushing forth intellectual designs and culturally relevant campaigns while staying rooted in artistic integrity. Through this uncertain era, Prada Group has tapped a rising generation of luxury customers jaded by inauthentic gimmicks and compelled by more subtle yet thought-provoking cultural phenomena, while maintaining a firm hold on a broad pool of mature clientele.MM6 Maison Margiela and Salomon Reveal First Ready-To-Wear CollectionIn a follow-up to their hybridized XT-Mary J earlier this month, MM6 Maison Margiela and Salomon have expanded their partnership with a first-ever ready-to-wear collection.The capsule collection lives a neutral realm of nude, black and white hues, and is divided into a GORE-TEX range and a "Seamless" range. The GORE-TEX line includes trench coats, straight-leg five-pocket pants, zippered windbreakers and oversized button-down shirts, while the "Seamless" line boasts stretch seamless technology leggings and long-sleeved crewneck tops.New iterations of the Salomon ACS PRO 2 MM6 Maison Margiela are offered in both concrete gray and rubberized matte black finishes and the Cross Low MM6 Maison Margiela returns in two new colorways: “Bubble Gum Pink/Bright Red” and “Almond/Army Green.” The genderless lineup is finished off with a reimagined Salomon daypack with multiple pockets in black and natural tones.Moncler Group's Sales Fall 3% in Q3 2024The Moncler and Stone Island owner Moncler Group, reported that sales fell for both brands in the third quarter of 2024. Revenues declined 3% across the board, amounting to €636 million EUR ($687 million USD).The company's flagship Moncler saw a 9% decline in the wholesale channel, due to slowing luxury market trends and internal efforts to “upgrade the quality of the distribution network.” Stone Island's sales decreased slightly more, down by 4% in the third quarter. However, the premium label saw strong 28% growth in the direct-to-consumer channel, making up for the 19% decline in the wholesale channel.On the report, CEO Remo Ruffini said “In light of these ongoing uncertainties, we remain focused on what we do best: building long-lasting connections with our customers and most importantly, creating energy and emotions around our brands.”RRL and Navajo Artist/Weaver Zefren-M Join Forces For Ralph Lauren's "Artist In Residence" ProgramLast, but surely not least, November 1 marks the first day of Native American Heritage Month in the United States. To honor the Indigenous stewards and communities of the Americas, Ralph Lauren's RRL line has tapped Navajo Artist/Weaver Zefren-M for a special product range inspired by Indigenous heritage. The artist used traditional sewing and weaving techniques on apparel, soft accessories, and even a special rug, combining modern RRL applications to represent the Navajo tribe from an authentic perspective.The consciously crafted color palette pays homage to the landscape belonging to the Navajo Nation, as repeating patterns salute the cycles of life. To round the collection out, stamped "conchos" (metal ornaments) are incorporated across the line in tribute to Spider Woman, a figure from Navajo mythology.Click here to view full gallery at Hypebeast