The National Basketball Association announced a multi-year partnership with Skims, the  shapewear, intimates and apparel label founded by Kim Kardashian, on Monday, naming the brand as the official underwear partner for the league as well as the Women’s National Basketball Association (WNBA) and USA Basketball.

The tie-up will come to life in NBA marquee events including NBA All-Star weekend in February 2024 and the NBA in-season tournament. Additionally, Skims will receive exposure on the league’s social platforms and on-court signage.

The news comes just a week after the brand announced its first menswear collection, which launched with promotions featuring male sports stars including Oklahoma City Thunder player Shai Gilgeous-Alexander.

Skims reached a $4 billion valuation in July after raising $270 million in a Series C funding round. Industry leaders forecast that an IPO is in the company’s future.

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Skims Launches Menswear Collection

LONDON — Philo facts first. Today, Monday, October 30, phoebephilo.com is offering up the first delivery of the first “edit” (A1, it’s called) of “a seasonless, continuous body of work” under the banner of the designer’s long-awaited, LVMH-backed namesake label.

There are 150 styles, priced both high and low, sold directly to customers (no wholesale) and produced in numbers “notably less than anticipated want,” according to a brand factsheet, which said the focus on scarcity is intended to create “a responsible balance between production and demand.” Sustainable, in other words. High margins, no unsold inventory. And a sense of urgency: grab ‘em or they’re gone. The second edit, A2, will follow in Spring 2024, with future edits to come at yet-to-be defined intervals.

Phoebe herself has always been positively sphinx-like about her motivations, and she’s not about to change the habits of a lifetime for today’s launch. Given the influence she came to wield during her decade-long tenure at Celine, the scaled-down specifics of her new incarnation are sure to raise all sorts of questions. She is, as usual, staying stumm. The obvious inference has always been that she’s happy to let the clothes do the talking.

On the evidence of her debut collection, I’m pretty sure that the designer’s ardently loyal constituency, the Philophiles who have been patiently waiting for something, anything, since Phoebe walked away from Celine in 2018, will also be happy with that arrangement, because the clothes are up for the conversation. There is no branding other than her name so discreet on a small label that it underscores her own instinctive reticence. But there is no such withholding in the sass and the scale of the vision.

One immediate and unexpected impression is rawness, with a confrontational sexual edge. Maybe that’s Philo’s acknowledgement of this increasingly uneasy world. Or maybe she’s digging up her roots, flaunting the flashiness of her youth in the face of all the Celine-weighted expectation (and tapping into the flow of a Nineties undercurrent). Trailing ripped and torn skirts border on punk (could also be a flamenco flourish — either way, there’s some passion at play). Flurries of ragged fringe chase seams. Trousers flout the soft bondage of wide-strapped legs. Some of the straps slip under the foot to form a stirrup.

Philo has toyed with the idea of restraint and release before, but there is bare-assed cheek here in the pants that unzip all the way up the back to the waistband. Choose to go all that way, and you could underpin them with a pair of studded short shorts to accentuate the buttage. Takes me back to Phoebe and her posse of hotties chooglin’ round West London in the mid-90s. This part of the collection sits with the Carrera-like, Miles-Davis-in-the-70s sunglasses as a reminder that Philo was street before she was chic. There’s also a solid ID necklace whose links spell MUM, and a silver pendant which secrets a lethal-looking toothpick.

For those who aren’t quite ready to rump-shake, familiarity awaits in the form of straightforward tailoring, almost normal, like a boiled wool trench and a long and strong-shouldered coat in black cashmere, slit high on the sides (a future staple of Philo’s own closet, I’d wager). A suit features a high-waisted, floor-length skirt as an alternative to trousers. Its deep back slit allows for a forceful Philophiliac stride. The jacket has a slight peak in the shoulder pads and a governess-y rigour. (A sly reminder, perhaps, that Philo has been corralling three kids through her career in fashion.) Tie the jacket around the waist and you’ve got yourself a bustle. Cut from a silvery wool, it has an alluring starkness. Same with a severe wool dress, slightly shaped, also riding a high back slit, or another dress, full-skirted with a slight lamb chop sleeve that has a distinct whiff of the Forties. I could see it paired with the elongated-toe pumps.

Less structured is a cargo-pocketed jacket-and-pant combination that could pass for a safari suit if you slap a wide belt round the waist. It’s showing in the khaki you’d expect, though there’s a vanilla incarnation which is smarter. The drapiness harks back to the suits that Philo won hearts with, especially those pants of hers that puddled on the ground. She composes a slam-dunk pair of these from razor-thin, laser-cut strips of leather bonded on a transparent background for a plissé effect. For the launch, the pants are paired with a tailored jacket that flares architecturally from the waist. The yin and yang is a definite best-in-show.

And now an inevitable caveat. Because the launch is online only, the textures that are an important part of the story can only be guessed at from images — a mix of look book, portrait and mood. That is, unless you can hike yourself down to the showroom in West London, which will receive clients, for your touchy-feelies. One showpiece is a huge, bouncy coat shaggily feathered in combed white viscose. Swan-like, it also comes in pale pink. Philo revisits the same feathery effect in a scaled-down version, more fluffy duckling than swan, as suits a fledgling collection (sorry, couldn’t resist the metaphor).

These baby birds sit next to substantial leather jackets nipped at the waist and wrapped in clip-on capelets with the incongruous heft of highwayman’s garb. Or maybe they’re a theatrical echo of fallen fashion idol Claude Montana, which would jibe with the impression that Philo is using her new freedom to explore ideas that were percolating long before Celine.

Oh, accessories, the commercial foundation of any modern fashion business. Structured quilted bags, massive leather totes, peep-toe shoes with maximum toe cleavage, fringed and tasselled footwear, and a delightful mule with an undulating sea urchin of leather fronding. There’s too much detail for the collection to be considered a blank slate of any kind. Think of it more as a tapestry out of which she will tease threads across her coming edits. And, bearing in mind the power of the unique connection Philo has with her fanbase, exactly how this will enhance that relationship is going to be the running watch-this-space story of the year to come.

Every Image From Phoebe Philo’s Launch

Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholders’ documentation guaranteeing BoF’s complete editorial independence.

Alo Yoga’s parent company is exploring a potential investment that could value the US maker of celebrity-donned workout clothes at about $10 billion, according to people familiar with the matter.

The deal deliberations come as the privately held company makes strides in winning young consumers away from bigger brands such as Lululemon Athletica and Nike, often thanks to savvy marketing using internet influencers.

Alo Yoga founders Danny Harris and Marco DeGeorge have hired investment bank Moelis to advise on options that include selling a stake in the company, the sources said.

The potential investors, which include private equity firms and sovereign wealth funds, have discussed structuring a deal so that they receive preferential returns or debt-like protections, the sources added.

No transaction structure has been agreed, and it is possible that Alo Yoga decides against any deal, said the sources, who requested anonymity because the matter is confidential.

Spokespeople for Alo Yoga and Moelis declined to comment.

Alo, an acronym for air, land and ocean, is often worn by celebrities such as Taylor Swift, Katie Holmes, Hailey Bieber and Kendall Jenner and featured in paparazzi photos.

It was founded in 2007 and has more than 50 stores in the U.S. and several international locations. Many locations have yoga studios offering a variety of classes.

The company’s bestsellers include $128 leggings and $108 sweatshirts. Alo has also expanded into footwear, beauty and wellness categories.

Alo Yoga is part of Harris and DeGeorge’s company Color Image Apparel, which also includes their Bella+Canvas brand. Bella+Canvas manufactures blank tee shirts and other apparel for wholesalers.

Los Angeles-based Color Image generated over $1 billion of revenue in 2022 and the business doubled in size from 2021 to 2022, Harris, who is also Alo’s chief executive officer, told the Wall Street Journal in May.

Dealmaking is picking up in the athleisure sector. Activewear brand Vuori Inc is planning an initial public offering as early as next year after securing an investment from SoftBank Group Corp at a $4 billion valuation in 2021.

Kim Kardashian’s underwear brand Skims, which sells active and loungewear, also raised financing this year at a roughly $4 billion valuation.

By Abigail Summerville; Editing by Leslie Adler

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Is This Alo Yoga’s Moment?

The brand’s wellness-centric approach to athleisure has made it a favourite of the boutique fitness set. As Lululemon sees slower growth, there may be an opening to take fashion-forward yoga pants and crop tops mainstream.