POWER SHIFT: Prada declined to comment on a report in Italian daily MF that it has tapped former San Paolo IMI banker Carlo Mazzi to fill a newly created but yet-to-be-named position at Prada. The luxury goods company has said it is...
POWER SHIFT: Prada declined to comment on a report in Italian daily MF that it has tapped former San Paolo IMI banker Carlo Mazzi to fill a newly created but yet-to-be-named position at Prada. The luxury goods company has said it is reorganizing several operations such as finance, administration, legal affairs, general affairs, human resources and information technology into one department to be headed by a new manager, who will be named shortly. Sources said Mazzi would be a logical appointee since he is said to be one of Prada head Patrizio Bertelli’s close friends and a link to Italy’s banking system. A pool of Italian banks — Banca Intesa, Unicredito Italiano, Banca Popolare di Lodi and Centrobanca — are guaranteeing Prada’s 700 million euros, or $893.7 million at current exchange, worth of convertible bonds due next year, a deal under which the company pledged 60 percent of its capital as collateral. Meanwhile, it has emerged that Luciano Benetton resigned from Prada’s board nearly six months ago. He joined in June 2002 just days before Prada was set to start its road show for an initial public offering. Prada declined further comment on Benetton’s departure and a Benetton spokesman declined comment.
EXIT AT WILSONS: Joel Waller, chairman and ceo of Wilsons The Leather Experts, will step down Jan. 31. The firm has initiated a search and expects to make an announcement about succession plans within a month. Waller, 65, has been with the company and its predecessor firms for 28 years and has been ceo since 1983. Wilsons, which operates 453 stores in the U.S., has recently completed a series of turnaround measures aimed to realign costs with revenues and help it rebound from a costly and abortive venture in the travel business dating back to 2001. The company reported a net loss of $57.2 million in the first half ended July 31, about $22.4 million of it related to inventory liquidation, as sales slid 1.3 percent to $153.1 million.
There'll be no rest for those headed to Europe for men's, as Paris just closed the gap with Milan. According to a provisional calendar released by the Chambre Syndicale, Paris Men's Week will now open a day earlier on January 16. See new highlights on the official lineup on WWD.com. #wwdnews #wwdfashion (📷: @kukukuba)
BREAKING: Jonathan Saunders is leaving @DVF. The designer has resigned from his position as chief creative officer of Diane von Furstenberg, the company said in a statement on Friday. At the time of his hire, von Furstenberg said Saunders’ arrival symbolized and facilitated her stepping back from the day-to-day duties that occupy the work of a full-time creative director. The British designer joined DVF in May 2016 and was in charge of all product categories. #wwdnews
For @versace_official’s spring ad campaign, the brand emphasized the archival prints from the spring tribute collection dedicated to the late Gianni Versace. Closing out the show were five of Gianni’s favorite models: Cindy, Naomi, Carla, Helena, and Claudia. Bowing on December 18, the new campaign is yet another tribute to supermodel-dom as the images by Steven Meisel are fronted by @iamnaomicampbell, @cturlington, @gisele and more. #wwdfashion
Four-time Oscar-nominated actress Annette Bening has been waiting 20 years to play Gloria Graham in "Film Stars Don't Die in Liverpool," which will be released on December 29. The movie about Graham – a Hollywood star known for her controversial relationship with a younger Englishman named Peter Turner – is based off a memoir Turned wrote. "She felt vulnerable to him, because she loved him, she really did love him. And anyone that we really truly are in love with, we re vulnerable to in a very deep way," said Bening. Read our full interview with the modern icon of an actress on WWD.com. #wwdeye (📷: @ninebagatelles; Styled by @cristinaehrlich)
The crisp white button down: a staple that can be dressed up or down and accessorized throughout the decades. Here, on a Art Basel-goer in 2017 on the left and on the iconic Audrey Hepburn in “Roman Holiday” in 1953 on the right. #tbt #wwdfashion (📷: Andrew Morales)
Known for her work with @victoriassecret, 25-year-old model @georgiafowler is raising her profile in Hollywood. Fowler stars in @vincecamuto’s holiday campaign, which launched in partnership with “Pitch Perfect 3.” “Almost every shoot with Vince Camuto, I’ve had to face a fear…It was definitely a challenge. I’m so grateful for it, though. I’ve always wanted to be a pop star, so that was the perfect chance,” Fowler said. Head to WWD.com to read about Fowler’s experience modeling, including at the #VSFashionShow, and her relationship with Nick Jonas. #wwdeye (📷: @jilliansollazzo)
EXCLUSIVE: Huda Kattan just became the first beauty influencer to land a major beauty deal. Kattan's business, @hudabeauty, has received a minority investment from private equity firm TSG Consumer Partners. The brand, which industry sources say is on track to do $200 million in retail sales for 2017, will receive support on product, retail and geographic expansion through the deal. Get all the details on the deal and read @_a_collins' interview with Kattan on WWD.com. Link in bio. (📷: @jgreenery) #wwdbeauty #wwdnews
Peruvian model @juanaburga_official – who is known for walking the runways of @rodarte, @viviennewestwood and @torybuch – is making the move to the big screen with drama “Los Últimos.” The film premiered in Argentina in November and arrives in the U.S. and Europe in 2018. On making the switch from modeling to acting, Burga told WWD: “It’s a completely different thing – a lot of people think it’s similar or try to connect things, especially like getting used to the camera or being looked at all the time or playing these different characrers, but film is a completely different story.” #wwdeye (📷: @jgreenery)
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)