NEW YORK — PPR’s François-Henri Pinault opened up Wednesday about his newest hire Alexander Wang, as well as the looming fiscal cliff, his own’s family’s succession plan, the importance of the American market and e-commerce’s influence on boutique sales.
Considering PPR’s nearly $15.7 billion in revenue, 47,000 employees worldwide and distribution in 120 countries, the group’s outlook is understandably an international one. Even still, in a question-and-answer session at the French Consulate with CBS’ Rebecca Jarvis, Pinault seemed particularly pleased about adding Wang to his roster. After a 15-year stretch with Balenciaga creative director Nicolas Ghesquière, Pinault spoke quite a bit about why Wang was chosen. While PPR never entertained acquiring the 28-year-old designer’s own business, the conglomerate does have great expectations for what Wang will do with the Balenciaga label.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"