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.
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)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18