LONDON — Majed Al-Sabah's plans to bring his Villa Moda concept to Europe are on hold for the moment.
A year ago, Al-Sabah revealed plans to open Villa Moda, his emporium of luxury fashion brands, at The Power Station, a 1.1 billion pound, or $2.2 billion, retail, hospitality and residential development inside the former Battersea Power Station here. The store was due to open in spring 2009.
Now those plans are under review after Real Estate Opportunities Ltd., an investment trust controlled by Irish property tycoons John Ronan and Richard Barrett, last week entered into an agreement to purchase the power station for 400 million pounds, or $788 million, from Oriental Property Ltd., a company owned by the Hwang family of Hong Kong.
The Hwangs had planned to develop part of the site — 4.3 million square feet — through their company Parkview International London plc. The family would hold a reduced stake of 37.5 percent in the power station.
A spokesman for Real Estate Opportunities said it was too early to confirm or deny whether the old plans would go forward.
“Everything is under review, and we're speaking to the appropriate authorities. Further announcements will be made in due course," he said. “However, the new plan will probably be a similar mix of retail, leisure and residential properties," he added.
Al-Sabah said in a telephone interview he was confident the Villa Moda project would proceed. “From what I understand, Parkview and the new owners are in step with one another, and both want to see the development project go forward," he said. “All the plans I've presented to Parkview have been passed on to the new owners, and they liked the project. We all plan to sit down and talk when the deal finally goes through."
In addition to Villa Moda, a Grand Hyatt with a conference center was due to open in 2010, along with an urban resort-type hotel and 60 food and beverage businesses.
“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)