Virgil Abloh – The Business Of Fashion

Everything To Need To Know About Virgil Abloh

A fashion designer, entrepreneur, artist, and DJ who has been the artistic director of Louis Vuitton’s men’s wear collection since March 2018. Virgil is most known for his Milan-Based Lebel OFF-WHITE And his collabration with Kanye West. During his collaborative work with the rapper and designer, he caught the eye of the Louis Vuitton CEO, Michael Burke, through his work at Fendi. Where Abloh interned in the same class as rapper Kanye West in 2009. Placed in the company’s Rome, Italy office, the two began a collaborative relationship.

A year later, West appointed Abloh the creative director of his creative agency, DONDA. In 2011, West asked him to serve as the artistic director for the 2011 Jay-Z/West album Watch the Throne.

In 2012, Abloh launched his first company, Pyrex Vision. Abloh purchased deadstock clothing from Ralph Lauren for $40, screen-printed designs on them and sold them for prices upward of $550. The stated goal of Pyrex Vision was to represent the importance of youth culture, by centering the designs around a garment that most youth would notice from gym class.

Abloh founded his first fashion house and second business overall in 2013 with the high-end street-wear brand OFF-WHITE. By Abloh it’s described as “the gray area between Black and White as the color OFFWHITE”

His apparel beginning in Paris, then expanding to China, Tokyo, Japan and the United States. He launched the company’s women’s wear line in 2014 and showed the collections at the Paris Fashion Week. His line was selected as a finalist for the LVMH Prize, an industry award, but lost to Marques’Almeida and Jacquemus.

NIKE x OFF-WHITE

He was asked to design a new collection in conjunction with Nike entitled “The Ten” where he re-designed a variety of the company’s best-selling shoes. Through Abloh’s re-designing he exercised his self-made rule of only editing the shoes 3% of the way because he was intrigued by still maintaining the original design of the shoe.

When Nike and Off-White announced their OG ‘The Ten’ pack, it sent shockwaves through the sneakerverse. Not only were some of the most iconic Nike sneakers in the brand’s 55-year history about to get a re-release, but they also came with an ultra-modern twist that incorporated en-vogue themes of the industrial and the ironic. As well as shining a light on kicks that hadn’t been cool in a minute, namely the Air Jordan 1 and the Air Presto, the release also shone a spotlight on Nike’s latest silhouette.

OFF-WHITE x IKEA

Virgil also partnered up with the Swedish furniture company IKEA to design furniture for apartments and houses also easy to carry tote bags imprinted sculptures in the middle.

The collection will be named Markerad, which is a Swedish word meaning “clear-cut; crisp; pronounced”, and is scheduled to release in 2019.

Louis Vuitton

On March 25, 2018, Abloh was named artistic director of Louis Vuitton’s menswear ready wear line, marking him the first person of African descent to lead the brand’s menswear line, as well as one of the few black designers at the helm of a major French fashion house. Upon his acceptance of the position, he stated, “It is an honor for me to accept this position. I find the heritage and creative integrity of the house are key inspirations and will look to reference them both while drawing parallels to modern times”.

Abloh showed his first collection for Louis Vuitton at the 2018 Men’s Fashion Week at the Palais-Royal gardens in Paris.
Rihanna was the first person to wear Abloh before the show. Playboi Carti, Steve Lacy, A$AP Nast, Dev Hynes, and Kid Cudi walked for the fashion show.

On June 5, 2018, Virgil Abloh released a special collaboration with the luggage manufacturer Rimowa, a transparent suitcase in limited edition.

In 2019, Abloh was appointed to the board of directors of The Council of Fashion Designers of America. The council seeks to promote the American fashion industry.

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The First Billion Dollar FootBaller

Cristiano Ronaldo one of the most recognised athlete in the world. 35 years old Portuguese footballer played for clubs like Sporting CP, Manchester United, Real Madrid and currently playing for Italian giants Juventus. Five Times Ballon d’Or Winner. Top scorer in Champions League secured 5 Champions League Title. With Manchester United he won 1 and with real Madrid he won 4 CL Trophies. He also won UEFA Euro National Cup In 2016 With Portugal.

Forbes magazine just announced that Cristiano Ronaldo had become the first Football player in history to become a billionaire. He is the first football player in history to pass this bar . No wonder when you know how much footballers can get paid today.
For several years, sport has been a profession of passion, of course, but also a profession that earns very large sums of money . Proof of this is with Cristiano Ronaldo. Not just Cristiano Ronaldo has a staggering salary , Leo Messi, Neymar, Kylian Mbappé or Gareth Bale also earn very large sums of money.

It’s not just in football. But players like Tiger Woods and Mayweather know, also touch an astronomical cachet. In short, sport has become an environment in which money is king. which certain athletes are among the greatest riches in the world.

But if these athletes receive such a big salary, it is also thanks to advertising. The contracts, of Cristiano Ronaldo and others.
But not just from football CR7 earn a large part of this financial success is due to his off-field portfolio, including around $70.9 million a year from endorsements, including his partnerships with Nike, his underwear brand and a number of other ventures.

In addition to endorsements, according to Business Insider, the Champions League’s record goal-scorer made 30 per cent more from paid Instagram posts, $76.8 million, during his first season at Juventus than his take home pay, AUD $59 million, from the club. Across his social media platforms, Ronaldo boasts 420 million followers and each advertised post earns him in the region of $1.77 million.

“With the additional [$71 million] he makes as a walking billboard, pitching products head to toe for the likes of Nike and his CR7 line of underwear, footwear, and cologne, Ronaldo can still earn [$145.8 million] annually to retain his standing among the best-paid in all of sports, and still become the third active athlete to crack the USD $1 billion mark in career earnings at the end of this season,” Settimi said.

Passing over USD $1 billion in career earnings will align Ronaldo with the likes of Tiger Woods and Floyd Mayweather as active billionaire sportsmen, after Woods passed the mark in 2009 and Mayweather in 2017.

While his earnings totalled $172 million in 2019, he still remains the second highest-paid athlete in the world behind Lionel Messi, who earned $200 million.

Amid the suspension to Italian Serie A competition due to concerns surrounding Coronavirus, Ronaldo’s club Juventus, announced it reached an agreement with its players and coaches to save around $158 million by reducing compensation over four months, from March to June.

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Jordan Is The World’s First Athlete Billionaire

Michael Jordan the greatest basketball player of all time Had the NBA top salary Only Twice in 15 seasons but historic Nike deal and investment in floundering NBA franchise made him the world’s richest athlete with 2.3 billion dollars fortune. Michael Jordan earned 90 millions dollars during his 13 season with bulls and 2 season with wizards, another 4 million dollars comes from bulls when he sat out to play minor League baseball. it’s wasn’t until his 12 season, four NBA titles and MVP awards Jordan was finally awarded the league’s top salary. He got 33.1 million dollar next year before retiring the end of the 97-98 season.

While NBA made Jordan famous. His sponsors made him rich. He earned around 1.7 billion dollars in endorsement off the court and still reps the top brands in retirements. Nike was by far his biggest money earner. Jordan initial 5 year deal sign in 1984 was worth $500,000 annually plus royalties. Nike built Jordan brand into massive standalone business. Nike share of basketball performance shoes market which is included Jordan brand was 86% in 2019 Jordan takes from 130 million dollars from last year.

He bought the Charlotte Hornets in 2010 for $175 million. Which have since rena-med The Hornets. He Eventually raise his stake to 90% Jordan cashed in some of his hornets equity in September when he agreed to sell stake of the team which worth over 1.5 billion dollars. The biggest investment of his life period.

Besides NBA franchises he invested in Sportradar, Gigster, Muzik and Axiomatic the parent company of esport quad liquid recently valued at $320 Million and top of that his stake in Tequila brand, his investment in MLB’s Miami marlins, Highest partnership in cornerstone restaurant group and lest we forget his ownership of a car dealer in North Carolina.

Jordans diversification has secured him quite urgent lost money between 2019 2020 but not Michael Jordan in last 12 months his net worth shot 300 million dollars thanks to higher value for the hornet and 145 million dollars in earning largely from Nike.

Michael Jordan officially become a billionaire in 2014. As of 2015 who was reportedly making 100 Millions dollar from his Nike royalties alone. Nike Jordan brand alone brings in roughly 3 billion dollars per year.

Nike founder Phil Knight
called signing Jordan the best decision he ever made, nabbing the NBA rookie for $250,000 a year in 1984.

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Kanye West Is A New Billionaire

Kanye West is a Grammy winner musician, fashion designer and now Billionaire. According to Forbes newreport Kanye West Is A Officially Billionaire. Back in 2016 Kanye claim that he is over 50 millions in dept. But after just 4 years according to Forbes he worth over 1.3 billion dollars. Kanye is most famous for his music but most of his income comes to his Adidas powered Yeezy sneaker line. He gets 11% royalties from the revenue. last year Kanye earn over 140 million dollars from his royalties. west own Yeezy right and while Adidas manufacture and distribute The product. A perfect dream team.

After stabilization in stock market during this coronavirus outbreak Adidas’s stock price hikes And now Kanye’s Yeezy line worth over 1.3 billion dollars. And besides that he owns a Private Jet, few Lamborghinis, Ranch And L.A. Home which he shared with wife Kim Kardashian.

West’s team also sent statements that list $17 million in cash, $35 million in stocks, and about $102 million in “buildings and improvements” and land. His music, which includes publishing rights and his G.O.O.D. Music imprint, is said to be worth around $90 million.

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NIKE X OFF-WHITE “The Ten”

9th September 2017
NIKE X OFF-WHITE AIR JORDAN 1 OG RETRO HIGH “THE TEN”

Now one of the most expensive shoes in the world the Nike x Off-White Air Jordan 1 was the crep that kickstarted the collaboration. Don’t consider yourself ‘serious’ about sneakers until you own a pair of these.

9th September 2017
NIKE X OFF-WHITE BLAZER MID “THE TEN”

The go-to sneaker of our high-school days received a sprinkle of Virgil magic and, just like that, it became the crep of the moment once again. However the oversized tick, embossed text and shoelaces that are literally printed with “Shoelaces” still doesn’t distract us from the fact that the semi-exposed foam tongue is asking to be picked at.

9th September 2017
NIKE X OFF-WHITE AIR MAX 90 “THE TEN”

By including the Air Max 90 in the Nike x Off-White collaboration, it allowed the sneaker to break-free from its subcultural associations. It’s true what they say: not all heroes wear capes.

9th September 2017
NIKE X OFF-WHITE AIR PRESTO “THE TEN”

In the years leading up to the collaboration, Nike’s Air Presto had become an instantly-available sneaker that the majority feel indifferent towards. But the switch-up in materials and exaggerated details featured in the Nike x Off-white Presto turned the haters into hypebeasts.

9th September 2017
NIKE X OFF-WHITE FLYKNIT REACT HYPERDUNK “THE TEN”

Virgil understands that the secret to reworking a complex silhouette like the Flyknit Hyperdunk is to keep things simple. This all-white overhaul, featuring translucent materials upon a flyknit base, had the basketball silhouette looking better than ever.

9th September 2017
NIKE X OFF-WHITE AIR VAPORMAX “THE TEN”

How could Virgil enhance a shoe that already allows you to walk on air? By adding ironic quotes and a zip tag, duh.

9th September 2017
NIKE X OFF-WHITE AIR MAX 97 “THE TEN”

To explain what the Nike x Off-White Air Max 97 means to a sneakerhead, please use your imagination to picture the following text in the format of the popular ‘expanding brain’ meme.

A pair of Ultimate Air Max 97s: Average.
A pair of Air Max 97s: Elite.
A pair of Silver Bullet 97s: Superelite.
A pair of Nike x Off-White Air Max 97s: Celestial.

9th September 2017
NIKE X OFF-WHITE ZOOM FLY “THE TEN”

The Zoom Fly seemed like an odd choice at the time to be among the rest of ‘The Ten’ pack. Surprisingly, the Nike x Off-White iteration of the running sneaker turned out to be a highlight of the collection.

9th September 2017
NIKE X OFF-WHITE AIR FORCE 1 “THE TEN”

Here, we have a subtle re-work of the White Air Force 1 that’s just as versatile as the timeless classic. If it’s not broke, don’t fix it ⁠— just decorate it.

12th May 2018
CONVERSE X OFF-WHITE CHUCK 70 “THE TEN”

Converse has been a subsidiary of Nike since 2003, so if Virgil wants to redesign a Chuck Taylor, Virgil can. And anyway, this translucent Chuck Taylor is so cool (cool enough to launch the translucent sneaker trend) that no one should question its existence. Even if it was fashionably late.

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