Supreme Hit With $26 Million Tyshawn Jones Lawsuit & Maison Margiela Confirms Glenn Martens' Couture Debut in This Week's Top Fashion News

Summary

• While Tyshawn Jones burns bridges with Supreme by hitting the brand with a multimillion-dollar lawsuit, new journeys are forged elsewhere with the announcement of Glenn Martens’ Maison Margiela couture debut. New doors were also opened as  Kith unveiled its renovated Manhattan flagship store and Pharrell opened his JOOPITER Marketplace e-auction concept.
• Burberry is fighting its own battle against losses from the luxury slowdown, which may lead to the cutting of more than 1,700 jobs. However, the brand’s positive messaging has increased its shares by 16%. In more positive developments, Foot Locker’s acquisition by Dick’s Sporting Goods sent its shares flying on Thursday, while running brand On posted a record Q1 net sales, rising 8% from last year.

Below, Hypebeast has rounded up the top fashion stories of the week so you can stay up to date on trends in the industry.

Tyshawn Jones Slaps Supreme With $26 Million USD Defamation Lawsuit

Pro-skater Tyshawn Jones has hit Supreme with $26 million lawsuit alleging defamation and breach of contract from the Luxottica-owned streetwear brand. According to court documents filed on Monday, May 12 in the Manhattan Supreme Court, Jones is seeking damages of $25 million USD and an extra $1.25 million USD he alleges should have been disbursed through his original contract with the brand. Jones’ relationship with Supreme amounts to over 13 years, beginning when he was only 11 years old, however, the brand severed ties with him quickly just last September. Supreme claimed that Jones’ appearance in another brand’s photoshoot from August 2024 breached the contract they inked with the skater.  Jones alleges that his termination was a “pretext for cost-cutting,” accusing Supreme of falsely telling “multiple third parties” that Jones was “kicked off” the brand for breach of contract.

Glenn Marten’s First Collection for Maison Margiela Will Be for Couture

Maison Margiela has confirmed that its new creative director, Glenn Martens, will debut his first collection under the Maison’s “Artisanal” Haute Couture, scheduled for July 7 to 10th in Paris. In a statement shared to WWD, the brand stated, “This marks the beginning of an inspiring new chapter for the maison, rooted in our core creative values and shaped by Margiela’s couture heritage. Under Glenn’s direction, couture will continue to ignite creativity for the brand and drive boundary-pushing designs.” While Glenn Martens ultimately left his post at Y/Project late last year, the designer is still present. at Diesel, where he has led an ambitious creative turnaround. As of the time of writing, Martens will continue designing at Diesel as he begins his journey at Margiela.

Dick’s Sporting Goods To Buy Foot Locker for $2.4 Billion USD

Dick’s Sporting Goods has agreed to purchase Foot Locker Inc. in a $2.4 billion USD deal, in hopes of expanding its international presence, according to The Wall Street Journal. Under the agreement, Dick’s will utilize both cash-on-hand and new debt to acquire Foot Locker, and shareholders can either take $24 USD in cash (a 66% premium based on Foot Locker’s average share price from the last 60 days) or 0.1168 shares of Dick’s stock, per CNBC.“By joining forces with DICK’S, Foot Locker will be even better positioned to expand sneaker culture, elevate the omnichannel experience for our customers and brand partners, and enhance our position in the industry,” said Foot Locker CEO Mary Dillon, adding that she is “confident this transaction represents the best path for our shareholders and other stakeholders.”.

Pharrell Williams Launches JOOPITER Marketplace

Pharrell Williams‘ auction platform JOOPITER has launched a new e-commerce platform with a new instant purchase feature for its luxurious and pre-owned collectibles. Joopiter Marketplace will launch with items from some of Pharrell’s circle, including artist Tom Sachs, jeweler Lorraine Schwartz, entrepreneur and gallerist Easy Otabor and music executive Steven Victor. John Auerbach, chief executive officer of Joopite, told WWD in a statement, “Over the past three-and-a-half years, Joopiter has built an incredibly loyal following of collectors through our auctions who are also hungry for a proposition that’s more instant. We’ve built Joopiter Marketplace to meet this demand, expand our community, and introduce sought-after items that only Joopiter can bring to market.”

Burberry to Cut 20% of Workforce in Loss Turnaround Plan

In hopes of recovering from losses in fiscal year 2025, Burberry may cut as many as 1,700 jobs, translating to about 20% of its workforce. On Wednesday, Burberry presented a cost savings plan aimed at a gain of 100 million pounds by fiscal 2027. The efforts were outlined as the company posted an operating loss of 3 million pounds in fiscal year 2025, per a report from WWD. The plan outlined by CEO Schulman and CFO Ferry gave the company’s stock a boost, pushing Burberry shares up 16% on the London Stock Exchange. . Though the brand experienced a 17% drop in revenue and a 12% drop in retail sales, Schulman emphasizes that a better-than-anticipated start to Q1 of 2025 shows some progress.

On Reports Record Sales in Q1 2025

On’s shares increased by 8% on Tuesday after the Swiss brand reported a record quarterly net sales of 726.6 million Swiss francs. According to WWD, the Swiss running net sales increased 43% from last year’s 508.2 million Swiss francs in Q1, which the company has attributed to its direct-to-consumer momentum and wholesale demand. “Looking into the second quarter and beyond, we are energized by the global traction and cultural resonance of On as a head-to-toe sportswear brand,” said Caspar Coppetti, co-founder and executive co-chairman of On.

Kith’s Manhattan Flagship Is Back With a Modern New Look

Kith is has reopened its Manhattan flagship store with a fully remodeled concept. Nestled in NYC’s Nolita area, the renovated retail outpost boasts a contemporary interior design across three floors. Finished with white oak, the first floor is dedicated entirely to the Kith Men’s collection while the second floor, decorated with dark walnut details, houses a mix of apparel and accessories from multiple brands. The final and third floor, designed with elegant Herringbone floors, is the footwear shop. To celebrate the store’s opening, Kith has collaborated with New Balance to create the ABZORB 2010, a shoe that employs pig suede and synthetic nubuck overlayers, mesh underlayers, and classic Kith branding.