In Brief: Dollar Dominance… Nike Boosts Native Americans…
Despite its weakness, the dollar remains the world's dominant currency in global foreign exchange markets, followed far behind by the euro, yen and British pound, a survey by the Bank for International Settlements published Tuesday revealed.
- DOLLAR DOMINANCE: Despite its weakness, the dollar remains the world's dominant currency in global foreign exchange markets, followed far behind by the euro, yen and British pound, a survey by the Bank for International Settlements published Tuesday revealed. The dollar was involved in 86.3 percent, compared with 88.7 percent in 2004, of each transaction between two currencies, followed by the euro, at 37 percent; the yen, at 16.5 percent, and the pound, at 15 percent, the survey said. It also revealed the Indian rupee accounted for 0.7 percent, up from 0.3 percent three years earlier, and China's yuan, for 0.5 percent, up from 0.1 percent. The BIS study draws on data provided by 54 central banks that took part during April in the triannual survey of foreign exchange and derivatives markets activity.
- NIKE BOOSTS NATIVE AMERICANS: To encourage physical activity among Native Americans, Nike on Tuesday unveiled the Nike Air Native N7, an athletic performance shoe designed to address specific fit and width requirements for the Native American foot. Profits from Nike Air Native N7 will support "Let Me Play" programs on Native American lands. After almost two years of research fitting Native Americans from more than 70 tribes, plus consulting podiatrists and members of Indian Health Services and the National Indian Health Board, Nike created a shoe made for the wider Native American foot. The design of the Nike Air Native N7 shoe draws inspiration from Native American culture, like a feather print lining the shoe, and also embraces Nike's Considered design ethos, which aims for sustainability and waste reduction. The Nike Air Native N7 will be sold exclusively through Nike's Native Business Program.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast