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.
“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