MILAN — IT Holding SpA is banking on further growth in its accessories division with the addition of five new boutiques to its Plus IT store chain, which retails the company's GF Ferré, Extè, Just Cavalli and C'N'C Costume National accessories lines.
In the last month, IT Holding has opened franchised stores in Istanbul; Bucharest, Romania; Moscow; St. Petersburg, Russia, and Dubai, United Arab Emirates, taking to 75 the number of Plus IT stores around the world. A total of 300 are planned by 2010.
"The inauguration of these boutiques in some of the most exclusive locations in the world together with the results obtained by the accessories division, confirms the success of the Plus IT project, which, in a few years, has established itself as a brand of reference in the global panorama of designer accessories," IT Holding president Tonino Perna said.
Launched in fall 2005, Plus IT helped drive a 37.5 percent hike in sales of accessories at IT Holding to 116.3 million euros, or $146.5 million, last year.
And it looks set to better that figure this year.
In the first nine months of 2007, accessories generated net revenues of 99 million euros, or $133 million — almost a fifth of IT Holding's overall sales for the period — up 18 percent on a like-for-like basis. Sales at Plus IT grew 54 percent.
Currency conversions have been made at average exchange rates for the period to which they refer.
A new Joan Rivers coffee table book, titled “Joan Rivers Confidential,” gives readers never-before-seen photos and letters of the late comedian throughout her life. “Because of her drive to always be fresh, she kept records of every appearance, every performance, all the jokes that were used on TV, all the clothes that were worn,” said Rivers’ daughter Melissa. Here, Rivers poses at the “Tonight Show” in Tracy Mills in 1985. Read more about the book and see more photos at WWD.com. #wwdeye
After a career at New York hot spots like Narcissa, Dovetail and Nix, @chefjfraser has expanded to the West Village with The Loyal, a modernized take on an American brasserie. “And as I’ve gone through my career I’ve felt some departure from that kind of simple, straightforward [cooking]. This is meant to take on the idea of ‘what if the American brasserie was invented today?’” #wwdeye (📷: @chinseephoto)
@bellahadid and @lilyaldridge at @bulgariofficial’s celebration on Friday night, toasting the brand's new Peter Marino-designed flagship on Fifth Avenue. The two-part event included a cocktail party at the store followed by a dinner at a mystery location — the Met Cloisters. #wwdeye
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews