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July 22, 2024

Met Gala, LVMH and more: Luxury news wrap for the week 

Arushi Sakhuja  
It’s Friday and that means rewinding to see all the luxury news highlights for the week. From Bernard Arnault is the world’s richest person to the world’s most expensive number plate selling for $ 15 million; here’s all that left us in awe.  
Gucci x Adidas  


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Gucci and Adidas are back with their second collaboration. Though multiple sneaker colourways are at the collection’s core, along with bags and belts; Adidas x Gucci is also dropping a range of clothing to go with it all.⁠ The new Adidas x Gucci clothes include sleeveless T-shirts, fuzzy cable-knit sweaters in mini and maxi length, and iterations on Adidas’s signature track pant that ranges from Gucci-monogrammed shorts to loose, long side-zip trousers.⁠ The main highlights are the Gazelles, ZX8000 sneakers, and Adilette slides.  
LVMH’s Bernard Arnault is the world’s richest person 
Bernard Arnault
Photo Courtesy: LVMH
It’s no surprise that the powerhouse behind the luxury brand LVMH, Bernand Arnault is officially the world’s richest man according to the latest Forbes rankings.⁠ The 74-year-old — who oversees the LVMH empire of 75 fashion and cosmetics brands — is said to be worth a reported $211 billion USD,⁠which proved to be record-breaking. ⁠ Arnault now sits above names like Jeff Bezoz (3rd) and Bill Gates (6th), as well as Françoise Bettencourt, the CEO of L’Oreal.  
Met Gala 2023 theme will honour Karl Lagerfeld  
luxury news
Photo Courtesy: Met Gala/ Instagram
This year’s Met Gala honours iconic designer Karl Lagerfeld with a career spanning seven decades. The event will focus on the designer’s stylistic vocabulary as expressed in aesthetic themes that appear time and again in his fashions from the 1950s to his final collection in 2019. The show will highlight the designer’s unique working methodology, with most of the approximately 150 pieces on display to be accompanied by Lagerfeld’s sketches.  
Michael Jordan’s sneakers sold for $2.2M 
michael jordan
Photo Courtesy: Sotheby’s
A pair of Michael Jordan’s sneakers from his famous ‘Last Dance’ season in the NBA set a world record selling for $2.2 million at Sotheby’s. The Air Jordan 13s became the most expensive sneakers known to have sold, ever. The previous known sneaker record was a $1.8 million private sale of Nike Air Yeezy 1 sneaker worn by Kanye West. Speaking of the Met Gala, Alia Bhatt is purportedly going to make an appearance at the Gala, wearing designer Prabal Gurung.
NGO KHUSHII celebrated its 20-year anniversary with a fashion show by Varun Bahl  
luxury news
Photo Courtesy: Khushi NGO
KHUSHII NGO by Kapil Dev commemorates its 20th Anniversary
Photo Courtesy: Varun Bahl
In the capital city New Delhi, a grand affair took place at the British High Commissioner’s residence to celebrate 20 years of NGO KHUSHII. The evening aimed to honour their 20th-anniversary milestone and raise funds for their mission. The evening saw an exquisite exhibition of specially curated art and a limited-piece auction of exclusive sports memorabilia and objet d’art.  Ace designer Varun Bahl showcased his latest collection Secret Garden and Bollywood celebrity Karisma Kapoor graced the ramp. The outfit featured Varun Bahl’s statement multi-patchwork fully embroidered lehenga set in pastel tones and is accentuated with resham embroidery highlighted with sequin work and sequin 3D flowers embellished with Swarovski. 
World’s most expensive number plate sells for $15 million 
Luxury news
Photo Courtesy: Instagram
A rare care license plate has sold for a world-record $15 million in Dubai. The number plate says P7 which at first glance looks like the number 7 alone, with P off to the side. The proceeds from plate number P 7 will go to the Dubai ruler’s global food aid initiative.   
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Arushi Sakhuja


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