Fashion Roundup: Mike D Designs Bags, Michael Kors Gets Into Race Cars

And Iris Apfel emojis will be a reality soon.

Mike D does fashion

Mike D does fashion (Photo: Larry Busacca/Getty Images for SAINT LAURENT).

Start your weekend informed with a dispatch on the top fashion news of the moment…

Beastie bags: Mike D, of Beastie Boy fame, has teamed up with Clare V., of handbag brilliance. The result is an already sold out collaboration of grown up backpacks and weekend bags, plus a cheeky T-shirt and tote bag. via Racked.

Haute suit: Kering has just been slapped with a lawsuit by a former employee, who happens to be Hedi Slimane. The erstwhile Saint Laurent creative director is asking the company to reinstate the non-compete clause that they lifted at the end of his contract. It looks like this designer has no desire to join another luxury brand as a creative director anytime soon. via Fashionista.

Vroom, vroom: In one of the speediest partnerships to date, Michael Kors has inked a deal with the McClaren-Honda Formula 1 team. This strategic investment will hopefully lure more men to purchase luxury goods from this brand. via Business of Fashion.

Balmain buy: Mayhoola is aiming to become the next big fashion conglomerate, as the owner of Valentino has just announced their purchase of Balmain, and all the bodycon dresses they create. Estimates for the price of this major acquisition hovers around 485 euros. via Vogue UK.

Timeless style: Iris Apfel, the nonagenarian fashion icon, is teaming up with INC International Concepts on a forthcoming fashion and accessories line. The mod-themed range will be accompanied by an emoji keyboard. via The Cut.  Fashion Roundup: Mike D Designs Bags, Michael Kors Gets Into Race Cars