Breaking overnight is news that Off-White’s Virgil Abloh has been named the new Artistic Director of Men’s collections for Louis Vuitton. This new comes just a week after Kim Jones announced that he would be leaving the famed fashion house. This isn’t the first time Abloh has been linked to possibly taking over a major label. When Ricardo Tisci left Givenchy, it was rumored that he would be the successor.

Why This Matters: This is an historic moment in the world of fashion. Abloh is the first African-American to be the lead at an LVMH-owned fashion house.

Notable Quotes: “I feel elated. This opportunity to think through what the next chapter of design and luxury will mean at a brand that represents the pinnacle of luxury was always a goal in my wildest dreams. And to show a younger generation that there is no one way anyone in this kind of position has to look is a fantastically modern spirit in which to start.” – Virgil Abloh