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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast