LONDON — Marchpole Holdings plc, the London-based brand management group, has entered into a joint venture and strategic licensing agreement with Donna Karan International Inc. to source, design, produce and distribute a range of DKNY men’s wear.
Marchpole said DKI, part of LVMH Moët Hennessy Louis Vuitton, would be actively involved in the venture.
The British company will initially offer the DKNY Black Label men’s wear line for spring, with the possibility of producing further men’s wear lines for the label in the future. The agreement is for an initial period of seven years, with the option to extend it for another seven years. Marchpole did not disclose the financial terms of the deal. Marchpole, which also holds the license for Emanuel Ungaro men’s wear and owns the fashion house Jean Charles de Castelbajac, will distribute the DKNY Black Label line in North America, Europe, Africa, the South Pacific, Asia and the Middle East.
The Black Label line is targeted at the bridge market and comprises suits through outerwear. Marchpole said the collection will be offered to department and specialty stores, alongside DKNY’s retail network and 60 of its freestanding stores worldwide.
“This joint venture reflects our ongoing commitment to expanding our men’s product lines, and marks the next step in the evolution of our business,” said Mark Weber, chairman and chief executive of DKI. “We have been keenly aware of the real opportunity that exists to build the DKNY brand and capture the enormous potential in the men’s bridge market.”
The two companies have formed a new business, called Newco, to carry out the joint venture. Initially, 90 percent of Newco will be owned by Marchpole and 10 percent by DKI. The U.S. company has the option to increase its stake in Newco to up to 20 percent within the first seven years of the agreement. Weber will sit on the board of Newco, as will Tisha Kalberer, chief financial officer of DKI. Kalberer will have a nonvoting position on the board.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast