Style Notes: Tracee Ellis Ross Designs Capsule for J.C. Penney; Supreme's Billion-Dollar Valuation

In case you missed it.

Tracee Ellis Ross Creates Capsule for J.C. Penney [Instagram]
Tracee Ellis Ross has created a bright and cheery holiday capsule collection for J.C. Penney, which will be available to shop in stores and online Nov. 12. With the help of power stylist Karla Welch, the Black-ish actress has built a reputation for flashy, colorful style — and she definitely brings that sparkle to her "joyful" holiday collection. The capsule includes 45 pieces and is available in sizes small through 3x, priced from $9-$75.

Jennifer Lawrence, Laura Dern Land Elle's Women in Hollywood Covers [Elle]
Elle magazine released eight covers for its 24th annual Women in Hollywood issue, on newsstands Oct. 17. This year, the glossy honored actresses Jennifer Lawrence, Laura Dern, Tessa Thompson, Margot Robbie, Riley Keough, Jessica Chastain and 92-year-old Cicely Tyson, as well as producer Kathleen Kennedy, as women who are paving the way in the entertainment industry.

 

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Supreme Reportedly Valued at $1 Billion [WWD]
After a investment from private equity firm The Carlyle Group, Supreme is now valued at a reported $1 billion. According to WWD's sources, The Carlyle Group paid $500 million for its 50 percent share of the streetwear brand. Following a string of successful collaborations, the most sought-after being the collab with Louis Vuitton, Supreme has transformed from skate punk staple to the industry's hottest label, and the new valuation is proof of its status as leader of the high-fashion streetwear movement.

 

Fall/Winter 2017

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Karl Lagerfeld, Martha Stewart Collaborate with Rimowa for 80th Anniversary Campaign [Refinery29]
Karl Lagerfeld, Martha Stewart, Lykke Li, Carine Roitfeld and Virgil Abloh have teamed up with luxury luggage maker Rimowa for a new campaign in honor of the 80th anniversary of the brand's signature aluminum suitcase. The campaign will feature a photograph of each star's personal luggage — some in perfect condition, others decorated with stickers and ribbons, and others covered in dents or scratches — on a pedestal, alongside a quote from its owner. The campaign is helmed by 24-year-old co-CEO Alexandre Arnault, son of LVMH CEO Bernard Arnault (LVMH bought the luggage brand in 2016, and Alexandre was appointed earlier this year).

Virgil Abloh Collaborates with Saks Fifth Avenue [Pret-a-Reporter Inbox]
Unofficial king of collaborations Virgil Abloh, who just this year announced partnerships with Ikea, Warby Parker, Nike and Jimmy Choo, teamed up with Saks Fifth Avenue to create an Off-White "Shock Waves" capsule collection, which is exclusive to the department store. The five-piece capsule is unisex and includes shorts, tees and hoodies priced $323 to $561, which are now available

 

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