MILAN — The newly appointed administrators for Ittierre SpA are to take legal action against Roberto Cavalli for his comments regarding the Just Cavalli license and their ability to turn the company around.
The administrators, who were appointed last month after Ittierre filed for bankruptcy protection under the Italian equivalent of Chapter 11, stated Saturday they had tasked their lawyers with “protecting Ittierre SpA regarding industrial, economic and image damages derived from Mr. Roberto Cavalli’s repeated comments in reference to the Just Cavalli license and the activity of the administrators themselves.”
They added Cavalli’s decision to cancel his Just Cavalli fall show last week was “unilateral” and “unjustified with serious prejudice to Ittierre’s image” and underlined that the Gianfranco Ferré, C’N’C Costume National and Galliano shows were taking place in Milan and Paris.
However, on Sunday, Cavalli dismissed the proceedings as “just a political matter.”
“My contract with Ittierre expires in two seasons so I practically already have a foot outside. As far as I am concerned, [the contract] has expired,” Cavalli said on the sidelines of his Roberto Cavalli runway show. “I don’t understand their point of view.”
He added he had already asked Ittierre to terminate the contract “some months ago” for not having been paid 20 million euros, or $25.3 million, in royalties and repeated that he was looking for other “valid licensees.”
“For which reason, my cancellation [of the contract] is completely regular,” Cavalli said.
Renzo Rosso’s production and licensing unit Staff International SpA is understood to be waiting in the wings.
On Thursday, Cavalli, whose Just Cavalli label is Ittierre’s biggest license, generating annual revenues in 2007 of around 240 million euros, or $329 million, blamed Ittierre for having to cancel the younger line’s runway show, citing delays and substandard production. He opted for a presentation of 20 outfits at Just Cavalli’s showroom instead.
At the time, Cavalli also said he was prepared to take Just Cavalli’s production in-house if necessary, saying he doubted the administrators’ ability to turn Ittierre around. The license expires in 2010.
But on Friday, one of Ittierre’s three administrators, Andrea Ciccoli, said the company was back on its feet after obtaining a 30 million euro, or $38 million at current exchange, line of credit from five Italian banks.
“All areas of the company — production, sales and distribution — are back on track,” Ciccoli said, adding the new financing would be used to pay suppliers. However, he said other obligations would be frozen until he and his co-administrators presented a restructuring plan within the next six months.
Ciccoli also confirmed Ittierre was working to renew its contract with C’N’C Costume National.
“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)