LONDON — Tanner Krolle, the British luxury accessories brand, is on the block, according to sources here.
The company's U.S.-based private equity owner, Albion Investors, quietly put the company up for sale in September and since then has been in talks with potential suitors, including Concetta Lanciaux.
Lanciaux, a former LVMH Moët Hennessy Louis Vuitton executive who now runs her own consultancy, is said to be spearheading a possible deal and may already have a management team in mind. On Thursday, Lanciaux could not be reached for comment at press time and a Tanner Krolle spokeswoman declined to comment on the sale.
Earlier this week, however, Tanner Krolle issued a statement saying: "The Tanner Krolle board has initiated a strategic refocusing of the business to re-inforce the company's commitment to its 150-year-old British heritage of classic luxury leather goods for men and women."
The statement added: "Tanner Krolle will continue to sell its entire offering of men's and women's luxury leather goods through its flagship store in Burlington Gardens, London, as well as through Harrods and selected high-end retailers."
Martin Mason, chief executive officer, and creative director Manuela Morin unexpectedly quit the company last month after an apparent rift with Albion over strategic direction and funding-related issues. It was the second time in two years that Albion locked horns with — and ejected — Tanner Krolle management.
Tanner Krolle was founded in 1856 by Franz Frederick Krolle. Its clients have included English royals, Indian maharajas and American presidents. Princess Diana took bespoke Tanner Krolle luggage on her honeymoon, while Princes William and Harry went off to boarding school with Tanner Krolle baggage in tow.
The brand was owned by Chanel until 2002, when it was purchased by the London-based fashion executive and investor Guy Salter and the private equity group Rupert Hambro and Partners. They brought in Albion about three years ago.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)