Earlier this year, two groups of fashion executives were gleeful after their companies were flipped by private equity owners—and not just because of the personal financial windfall. In both cases, those companies—Jimmy Choo and Kurt Geiger—were sold to trade buyers, Labelux Group and The Jones Group Inc., respectively. By severing their ties with private equity, their companies were now in the hands of investors who speak their language.
“I feel like Jimmy Choo has found the right home now,” Tamara Mellon, founder and chief creative officer of the famous shoe house, said at the time. Choo had been in various private equity hands for a decade. TowerBrook Capital LLP was its most recent investor. “Labelux has a completely different vision from private equity—brand building versus financial engineering,” added Mellon, whose company swelled from 20 million pounds ($28.8 million at average exchange) to 549 million pounds ($900 million at current exchange) in those 10 years, and whose personal net worth is estimated at 150 million pounds ($246 million), according to the Sunday Times Rich List.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)