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EssilorLuxottica, Ray-Ban and Oakley’s owner, will buy Supreme in a $1.5 billion deal.
Parisian eyewear giant EssilorLuxottica has confirmed it will acquire streetwear brand Supreme from its current owners, VF Corp, for $1.5 billion in cash. The move adds Supreme to a robust portfolio that includes Ray-Ban and Oakley. The streetwear brand founded by James Jebbia in 1994 has since evolved from a skate cult-favorite to mainstream success story with 17 global stores, where hypebeasts constantly queue in anticipation of the latest “drop.”
L.A.’s Museum of Contemporary Art debuts a $100,000 prize for environmentalist art.
MoCA’s new Eric and Wendy Schmidt Environment and Art Prize will award $100,000 to artists whose work sits at the intersection of climate, conservation, sustainability, and environmental justice. The prize will be awarded three times between now and 2030. The first winner is slated to be announced this fall and their commissioned work to follow in spring of 2026.
The sale of St. Louis’s historic Wainwright Building sends preservationists fretting.
The Wainwright Building, an architectural hallmark of St. Louis dating back to 1891, faces an uncertain future as the state offices it currently hosts move to the suburbs due to concerns over crime and costs. During the 1960s’ urban renewal efforts, the building narrowly escaped demolition and has since functioned as a government facility, though it’s best known for its distinctive facade. Despite its landmark status, historical significance, and public sentiment for the building, preservationists fear for the implications of the sale.
As part of the Getty’s PST Art initiative, The Broad museum will reforest Elysian Park.
The Broad museum will bring 100 native oak trees to Elysian Park as part of Social Forest: Oaks of Tovaangar, a reforestation effort inspired by Joseph Beuys’s 7,000 Oaks project. Set to commence this autumn, the initiative will reforest Elysian Park and Kuruvungna Village Springs with the native species and will coincide with the museum’s upcoming exhibition “Joseph Beuys: In Defense of Nature.”
New York City is putting $21 million towards ABC No Rio’s new Lower East Side home.
ABC No Rio, a cultural center with longstanding roots in political protest and the avant-garde, has broken ground on a new headquarters on New York City’s Lower East Side. The four-story building will replace No Rio’s original home, a tenement building that was demolished in 2016. New York City has funneled $21 million into the project, a new facility on the same site that will feature amenities like a kitchen, computer lab, and zine library, helping the organization write the next chapter in its history of artistic expression and activism.
Today’s attractive distractions:
Millennial basics will probably love the Brooklyn Nets’ swoopy new logo.
At 73 years old, Frank Lloyd Wright’s final living client reflects on their dynamic.
If you’ve ever wanted to hang your hat in a moon cave, you might be in luck.
Taco Bell wants Gen-Z to live their best lives—in a retirement community.
