Must Read: LVMH and Chanel Link on Sustainability, JVN Hair Sold at Auction

These are the stories making headlines in fashion on Friday.

LVMH and Chanel link on sustainability
During an LVMH event centered around sustainability on Thursday, the luxury group announced that it will be cooperating with Chanel to "harmonize corporate and social responsibility reporting and audit schedules at the supplier level," WWD reports. LVMH also shared plans for a partnership with its suppliers titled Life 360 Business Partners and will launch an initiative called LVMH Circularity, which plans to reuse unsold products across group houses. "I believe it is our duty to know how to rise above the usual patterns. This is why we have chosen to invite certain competitors today," LVMH chief Bernard Arnault said during the event. "Progress of any kind is crucial. We must join forces." {WWD/paywalled}

JVN Hair sold at auction
JVN Hair, the hair care line founded in partnership with celebrity hair stylist Jonathan Van Ness, has been sold at auction to the consumer investment firm Windsong Global for $1.25 million. This sale marks the latest brand from the portfolio of now-bankrupt Amyris to be sold at auction — Amyris filed for Chapter 11 bankruptcy in August. {Business of Fashion/paywalled}

Dover Street Market New York celebrates 10 years
On Saturday, Dec. 16, Dover Street Market New York is celebrating 10 years by launching a variety of limited-edition products created by the eight brands that have had spaces at DSMNY since its opening. Some limited-edition offerings include Glen Luchford's "Roseland" from Idea Books, Sky High Farm Workwear Nike KAWS, Sacai's holiday collection, a Supreme DSMNY 10th Anniversary T-Shirt, a Stephen Jones Archive Hat Exhibition and re-editions from Rick Owens, Simone Rocha and Undercover. On Dec. 16 from 11 a.m. to 7 p.m. at 160 Lexington Avenue, there will be complementary food and drinks as well as a special café menu by Rose Bakery and House of Waris. {Fashionista inbox}

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Diesel and Lee collaborate on upcycled denim capsule
Diesel is introducing Dieseloves, an ongoing program and call-to-action for fellow brands to share existing materials, manufacturing and creative resources for change. For each Dieseloves collection, Diesel will offer its unsold stock to the joint creative team and invite its collaborator to do the same in order to create a limited-edition capsule made from existing materials. The first partner is the denim brand Lee, and the Dieseloves Lee collection features 3,000 limited-edition pairs of jeans that are one-half Diesel and one-half Lee. All of Diesel's profits from Dieseloves will be donated to the United Nations Refugee Agency via the OTB Foundation. The full collection will launch in March 2024 on both brands' websites. {Fashionista inbox}

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