FUNG CAPITAL BUYS AMIES: Fung Capital, the private investment vehicle of Victor and William Fung, controlling shareholders in Hong Kong-based Li & Fung Group, has acquired the struggling London fashion house Hardy Amies for an undisclosed sum. Fung Capital has bought assets including the Hardy Amies and Norman Hartnell brands, the lease to the company’s Savile Row store and all the group’s licensing agreements. “This is a long-term investment in the Hardy Amies brand, from which we are looking to generate licensing income,” said a spokeswoman for Fung Capital. Last month, Hardy Amies filed for administration, the U.K. equivalent of Chapter 11, following problems with its funding. The spokeswoman for Fung Capital added that Hardy Amies would remain headquartered in Savile Row. The company’s five remaining U.K. stores will close by the end of November and the label’s historic couture business also will close.
GREEN TAKES MOSS BROS. STAKE: His negotiations to buy all or part of Baugur’s debt may be on hold, but that hasn’t stopped Sir Philip Green from making a move on the troubled Icelandic company’s Moss Bros. subsidiary. On Wednesday, Green said his family investment company, Warbeck, had purchased a 28 percent stake in Moss Bros., the British men’s chain, for 6.7 million pounds, or $10.3 million at current exchange. Green is considering making a bid for the remaining shares. A spokeswoman for Green described Moss Bros. as a “one-off opportunity,” and clarified that it was not directly related to the larger negotiations. Last month Green began negotiating to buy Baugur’s debt, which would allow him to take over such British retailers as Oasis, Karen Millen, Principles, Warehouse and Shoe Studio. Those negotiations are on hold as Iceland’s government sorts out the future of the country’s banks, which hold the bulk of Baugur’s debt.
NEXCEN’S NEW FINANCE CHIEF: NexCen Brands Inc. has promoted Mark Stanko to chief financial officer. Stanko will maintain his cfo responsibilities at NexCen subsidiary NexCen Franchise Management Inc., a position he has held since joining the firm in April 2008. As cfo, he succeeds Kenneth Hall, who became chief executive officer after the resignation of Robert D’Loren in August. In other appointments, Martin Amschler was named chief development officer for NexCen Franchise Management and William Dolan was tapped for the new post of assistant controller of NexCen Brands. Also joining NexCen Franchise Management is Pam Price as vice president of domestic development.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)