LONDON, United Kingdom — Earlier this week, LVMH confirmed the sale of Donna Karan to G-III Apparel Group, an unexpected move by the French luxury conglomerate, which rarely sells its brands. Chairman and CEO of LVMH's fashion group Pierre-Yves Roussel talked to BoF about the thinking behind the sale.

Meanwhile, Thakoon is gearing up for a direct-to-consumer reboot backed by Bright Fame Fashion, the Hong Kong-based investment vehicle led by Vivian Chou, daughter of billionaire fashion mogul Silas Chou. Theory, too, is turning to direct retail for its first handbag and accessories collection, set to launch next month.

In other news, this week, global youth media juggernaut Vice acquired Starworks Group, continuing its strategic push into fashion… According to Angelo Flaccavento, reflecting on digital's influence on fashion, the Internet is so bad it's awesome. Something to think about over the weekend.

1. Pierre-Yves Roussel on Why LVMH is Selling Donna Karan

DKNY Autumn/Winter 2016 | Source: DKNY

LVMH's surprise decision to sell Donna Karan International was driven by an unsolicited offer at a high price and a poor fit with the group's luxury business model, says Pierre-Yves Roussel.

2. The Second Coming of Thakoon

Chief creative officer Thakoon Panichgul, president Lucy Yi and executive chairman Vivian Chou | Source: Courtesy of Thakoon

Designer Thakoon Panichgul, president Lucy Yi and investor Vivian Chou lay out the 'designer fashion now' strategy for the next iteration of Thakoon.

3. Vice Acquires Starworks, Adding to Fashion Arsenal

Vice has taken a controlling stake in Starworks Group | Illustration: BoF

Global youth media juggernaut Vice has taken a controlling stake in Starworks Group, creating a combined brand development and media offering targeting the fashion industry.

4. Theory Gets Serious About Handbags

Theory will launch its first full-fledged handbag range this August, designed by Rory O'Hanlon | Source: Courtesy

Theory chief executive Andrew Rosen and creative director of accessories Rory O'Hanlon discuss their approach to the brand's first full-fledged handbag and accessories collection.

5. The Internet Is So Bad It's Awesome

Illustration: Paul Price for BoF

Internet culture has introduced a digital virus into a fashion realm that was once secluded, exclusive and excluding — both widening and limiting creativity, says Angelo Flaccavento.

6. Styling Politicians in the Age of Image Wars

Hillary Clinton wears a beaded coat by Andrew GN to give a speech at the Jacob Javits Center in March 2016 | Source: Shutterstock

In today's political arena where image is vital, Anna Wintour is advising US presidential candidate Hillary Rodham Clinton on her wardrobe in her campaign against Donald Trump, BoF has learned.

7. Colombia's Creative Boom

Bogota-based Vanessa Gomez, the designer of A New Cross fashion label | Source: Ruven Afanador for B Capital

What's behind the growing international success of Colombian fashion designers?

In Other News:
Gucci Turnaround Buoys Kering
LVMH Profit Meets Estimates Despite French Tourist Slump
Roberto Cavalli Names Former Versace Head as New CEO
Flipkart Buys Jabong to Expand Online Fashion Sales in India