MILAN — Tod’s chairman and chief executive officer Diego Della Valle has big plans to expand the luxury brand and has tapped Alessandra Facchinetti as creative director.
The designer is to oversee the women’s accessories collections as well as expand its ready-to-wear division. The first collection under Facchinetti will bow for spring 2014 during Milan Fashion Week in September.
“This is a project about luxury and culture. It’s the right moment to further boost our products that are made in Italy, with a top designer,” said an upbeat Della Valle on Wednesday morning, dressed in a blue suit and tie, at the Tod’s offices here. “She is an excellent Italian designer who knows about Made in Italy. Her being Italian is an added asset, not a secondary one.”
“It’s a great opportunity and a challenge. I feel very confident; there are many elements that we share. I’ve always worked for companies paying attention to quality and luxury,” said Facchinetti a former Gucci and Valentino head designer.
A visibly pleased Facchinetti, all dressed in white, said she still has to familiarize herself with the archives and that it was too early to provide details about her plans for the brand. “Tod’s is a point of reference in its respect for Made in Italy production and I plan to bring my experience and Italian traits to the label,” said the designer.
While premature to talk about a potential runway show, both Facchinetti and Della Valle said they were looking at alternative solutions.
Facchinetti succeeds Derek Lam, who joined Tod’s in November 2006 and left last fall. But her remit is much broader than Lam’s, who did primarily capsule collections rather than the full line of rtw Facchinetti will design.
Tod’s is the leading brand under the Tod’s SpA group, which includes Hogan, Fay and Roger Vivier. In 2012, the Tod’s brand remained the group’s core business, with sales of 569.7 million euros, or $729.2 million, up 16.8 percent from the year before.
Gains in Asia and the U.S. and a strong performance by the Tod’s and Roger Vivier brands contributed to a 7.8 percent rise in 2012 preliminary revenues, despite a drop in domestic sales.
In the period ended Dec. 31, the Italian luxury group posted preliminary sales of 963.1 million euros, or $1.23 billion, compared with 893.6 million euros, or $1.24 billion, in 2011.
Dollar amounts have been converted at average exchange rates for the periods to which they refer.
There are 190 Tod’s-branded boutiques globally and the company plans to open three new units in São Paulo, Brazil; two in Japan’s Tokyo and Hiroshima, and in France’s Strasbourg and Bordeaux, and additional stores in China.
However, Della Valle stressed that, “in a commercial world, where everyone is rushing to open new stores, and grow quickly with big double-digit leaps, we are focused on luxury and exclusivity. Exclusivity is the dream.”
Speaking on the first day of Milan Fashion Week, Della Valle also took pains to talk about Milan and the need to create “at least one big event per season,” and strong exhibitions to boost the city’s appeal — a topic top of mind among designers and executives this season. “Fashion week is a product to sell, we need someone to sell it well. It’s time for leading individuals to make themselves available.”
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye