In Brief: New at Esprit … Prada Sells Stake … Spiegel Catalog Sold …
NEW AT ESPRIT: Esprit Holdings Ltd. has named Thomas Grote, former global head of wholesale operations, to be joint global chief operating officer of the Esprit Brands along with Jerome Griffith, who had been an executive director and global...
NEW AT ESPRIT: Esprit Holdings Ltd. has named Thomas Grote, former global head of wholesale operations, to be joint global chief operating officer of the Esprit Brands along with Jerome Griffith, who had been an executive director and global head of retail operations. Both posts are new. Based in Düsseldorf, Germany, Grote and Griffith will jointly take on major operational responsibilities for the Esprit brand, including product development, image, logistics and wholesale and retail distribution. They will report to Heinz Krogner, chief executive officer and chief operating officer of Esprit Holdings Ltd. In addition, Esprit has relocated Andreas Adenauder, global business manager of the women’s casual division, to the company’s U.S. headquarters in New York. He will become president of Esprit North America, a new post. Adenauder reports to Krogner.
PRADA SELLS STAKE: Prada Group on Monday sold its 5 percent share in De Rigo to the Italian eyewear manufacturer for $14,017,500, or 2,225,000 shares at $6.30 a share. The transaction is part of De Rigo’s buyback plan. A year ago, Prada bought out De Rigo’s 51 percent stake in their joint venture company, EID (International Eyewear Distribution) and subsequently sold 100 percent of it to Luxottica for $30.4 million.
SPIEGEL CATALOG SOLD: Spiegel Catalog was acquired from Spiegel Inc. by a group of investors for an undisclosed sum, the firm said Monday. The newly formed company, Spiegel Catalog Holdings Corp., will continue operating under the Spiegel name after the deal is closed. Geralynn Madonna, president and ceo of Spiegel Catalog Holdings, said in a statement that “over the past year, we have repositioned Spiegel as the ideal resource for the modern woman. Now under new ownership, Spiegel will once again have the opportunity to prosper and grow.” The investors, described by the company in a statement as “senior management,” partnered with Golden Gate Capital, an equity bank in San Francisco.
HAITI AID: The U.S. would drop duties on Haitian apparel under a measure approved Friday by the Senate in a voice vote. The legislation is seen as a humanitarian effort, since the Caribbean country’s economy is close to collapsing. The measure has yet to go before the House. Haiti still produces some apparel, mostly cotton garments, but it accounts for only 0.7 percent of all apparel imported into the U.S. Under the measure, duties would be waived for seven years, pending annual renewal by the U.S. President based on whether Haiti is moving toward a free-market economy.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye