Jeweler’s sister company is the second large-scale China department store chain to go private.
The artist has set a space camp on Governor’s Island, where attendees must complete an obstacle course to purchase a pair of his new Nike sneaker designs.
Luis said there is a global cyclical shift away from apparel toward accessories.
The brand has also confirmed a collaboration with Alexander Wang.
They will retail for $549 and be offered for sale beginning today.
With the industry facing trying times, the Las Vegas event will serve as hub for retailers and brands to brainstorm new modes of commerce.
As the jewelry show gets under way June 2, brands discuss adapting to the challenging luxury climate while staying true to their design DNA.
According to London’s Evening Standard newspaper, Investcorp is interested in the brand.
The bags are priced in the $300 to $500 range.
The coveted style went up for bidding at Christie’s in Hong Kong and is rumored to cease production next year, which most likely fueled its record price, said the auction house.