LONDON — Belstaff’s new owners are moving quickly: Gavin Haig is out as chief executive officer and will be succeeded by Helen Wright, the former ceo at Anya Hindmarch.Ineos, which purchased Belstaff last fall for an undisclosed price, also said Sarah Doukas will join the Belstaff board. Doukas is the founder and manager of Storm Management, the modeling agency.The company said Haig was stepping down by mutual consent and with immediate effect.Wright served as Hindmarch’s ceo for two years, and before that was global vice-president of retail at Karl Lagerfeld. She also spent three years at Fendi as president of Europe, the Middle East and India, and has also worked in management roles at Ralph Lauren and Bamford.Hutson, former chairman of Soho House, is currently ceo and chairman of Lime Wood Group and Home-Grown Hotels, of which Jim Ratcliffe is a major owner-shareholder. Ratcliffe is the founder-owner of Ineos, the petrochemicals giant and Britain’s largest private company.Hutson said Ineos “sees great potential to revitalize and grow the business. There is enormous depth of talent and passion within the Belstaff management team and the company’s long-standing and valued suppliers. We aim to support and empower this talent with the required level of investment over the years ahead.”He also thanked Haig for his work on the brand.Belstaff was the second brand in the JAB stable to find a suitor following the sale of Jimmy Choo to Michael Kors for $1.2 billion last year. Only Bally remains.According to Bloomberg earlier this week, the frontrunner to buy Bally is Shandong Ruyi Group, the Chinese textiles giant and owner of Trinity Ltd., parent of Kent & Curwen, Gieves & Hawkes and Cerruti 1881. Bally has declined to comment on the sale process.Earlier this year, the multinational JAB, which owns beauty and consumer goods giants Coty, Inc., and Reckitt Benckiser, revealed its decision to divest its luxury businesses, including the publicly listed Jimmy Choo and the privately held Belstaff and Bally.At the time of the sale to Ineos, Haig said the company met with a wide range of potential buyers from around the world, ranging from private equity to trade to entrepreneurs, and chose Ineos because it believes it will be “a great custodian and a good home” for the brand.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion