- ASPREY'S MOVES: Asprey has named Vivien Yakopin to head its U.K. and European retail operations. Prior to joining Asprey, Yakopin was head of Swiss retail operations at Van Cleef & Arpels. She replaces Lord Bruce Dundas, who has in turn been named ambassador for Asprey, a newly created position. The company said Dundas will focus "on the worldwide promotion of the Asprey brand, together with the introduction of new high-profile and VIP clients." The company, owned by Sciens Capital Management and Plainfields Asset Management LLC, has yet to replace Gianluca Brozzetti, who left the company as chief executive officer last year. - LETTER ON CHINA: On the eve of high-level talks, Sen. Barack Obama, the presumptive Democratic presidential nominee, joined 10 other senators in urging Treasury Secretary Henry Paulson Jr. and the Bush administration to continue pressuring China to reform its currency policy. The U.S. and China today kick off two days of talks, known as the Strategic Economic Dialogue, in Annapolis, Md. Many lawmakers have called on the White House to label China a currency manipulator, which could lead to punitive sanctions by the World Trade Organization. But legislative efforts that would have pressured China to revalue its currency or face sanctions have stalled in Congress. The administration has opted for diplomatic prodding. China's currency, which critics claim is undervalued and allows Chinese goods to enter the U.S. at unfairly low prices, has increased in value 19.8 percent since July 2005. - HOSIERY HOOKUP: Royce Too, a hosiery licensor for brands such as Nine West and Nautica, has sold a majority stake of the company to Okamoto Corp., Japan's largest specialized hosiery producer. The transaction will provide Royce with opportunities to expand into private label and specialty brand businesses, while offering Okamoto a foothold in the U.S. market through Royce's extensive marketing and distribution networks.
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