Michael Gordon, the founder of hair-care brand Bumble and bumble, who was briefly arrested on charges of tax evasion late last week, reappeared on Monday with a determination to carry on.
A clearly exhausted Gordon had one statement to make about his stint in jail. “This too shall pass,” he told WWD Monday. He declined further comment on the matter. However, Gordon managed to summon the confidence to talk about the future, including the development of products inspired by his classic Bumble and bumble Surf Spray, a 2000 hit.
His legal troubles date back to September 2006, when Gordon received $29.6 million for selling his stake in Bumble and bumble to the Estée Lauder Cos. Inc. Internal Revenue Service agent Eric Nieves obtained the hairdresser’s U.S. Individual Income Tax Returns to find the sale price not reflected on the return, according to the complaint filed by IRS. Gordon reported that his adjusted gross income was $1,350,883, his taxable income was $1,124,844 and the state owed him a refund in the amount of $39,298.
According to the affidavit, Nieves obtained information from a confidential source that had personally known Gordon for the past seven years. According to the affidavit, which drew upon information from the informant, Gordon allegedly sought ways to hide the money from the IRS, including sending it overseas to avoid paying taxes on that income.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion