It’s All New: Balenciaga’s Store, Thom Browne’s Look, LVMH’s Fund: Today’s #StyleScoop

Catch up on the latest happenings in fashion and style:

Fledgling designers will have another shot at a helping hand thanks to LVMH’s new global fashion prize. WIth members like Karl Lagerfeld, Marc Jacobs, Phoebe Philo, Nicolas Ghesquiere and Riccardo Tisci on the board, winners will be privy to their advice along with a 300,000 euro prize. The prize aims to find the fashion designer of tomorrow – without the American/British limits the CFDA and BFC place on their funds. Kenzo/Opening Ceremony’s Humberto Leon and Carol Lim will join in on the search. The 30 semifinalists will be flown by LVMH to Paris to show their collections in March.

Alexander Wang bowed his new Balenciaga retail store in SoHo, feted last night by the likes of Julianne Moore, Joseph Altuzarra, Max Snow, Vanessa Traina, and Julia Restoin Roitfeld. What to expect? Lots of green marble.

Love Thom Browne but afraid of a highwater? Fortunately for those seeking a classic American look, Thom Browne is expanding his offerings to include a new line – andt this is a little confusing, so stay with me – called Thom Browne. What about his other Thom Browne line? It’ll be renamed Thom Brown New York. The new Thom Browne will feature his aesthetic with a more classic fitting suit.

CFDA winners Dao Yi Chow and Maxwell Osbourne of Public School are working hard on their J.Crew collaboration collection, and there’s a whisper in the air about a possible women’s line. Which is great news for women. Fingers crossed.

The fashion weeks controversy has been ongoing – scheduling is a nightmare for everyone, and it’s no secret that Milan has been the stickiest of all the cities in refusing to budge or cooperate. But this is progress – Giorgio Armani joined the National Chamber of Italian Fashion in an attempt to reinvigorate Milan Fashion Week. He still wants all Italian designers to show in Italy. But he recognizes the need for reorganization. We’re on the right track now.

On to more serious business, those working to improve safety standards in the Bangladesh factories have found some common ground and are moving toward an agreement. Good news all around.

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