I'm so tired of big, over-hyped rebranding efforts. A new monogram - fine. A new logo? Not so much. It's silly, IMO. The logo was distinctive and memorable and recognizable. And as others have said, make sure the clothes are fresh and interesting first...the old logo would look great in any gorgeous garment...a new logo isn't going to save a poor garment. Plus, with creative directors lasting but two or three years now, full blown rebrands always feel very precarious and presumptious....it's like....oh.....you really want to invest in all new stores? Packaging? Labels? Leather goods debossing? Stationary? And all for a company that huge? OK.....good luck!
Plus, the redesign is quite limp, anyway...Saint Laurent? Balenciaga? These all now look the same.