PARIS — Maison Margiela is switching up its executive ranks.The Paris-based brand is to name Diesel executive Riccardo Bellini as chief executive officer, succeeding Giovanni Pungetti, a spokeswoman for Margiela parent OTB confirmed.Meanwhile Pungetti, one of the most senior executives in the Italian group, is to become ceo for the Greater China region, overseeing all of OTB's companies present in the region: Diesel, Maison Margiela, Marni and Staff International.Pungetti has been at the management helm of Margiela since 2002, and between 2011 and 2015 also held the ceo title at Viktor & Rolf. His resume also includes stints at Diesel in Italy and France, and at Unilever.Bellini joined Diesel in 2007 and his most recent post was executive vice president of branding at Diesel and Diesel Black Gold and chief marketing officer at Diesel, according to his LinkedIn profile. He previously worked at Procter & Gamble for a decade.Maison Margiela has been on an expansion path since owner Renzo Rosso rescued John Galliano from fashion limbo and appointed him as creative director in 2014.Rosso’s OTB bought its majority stake in Margiela in 2002, seen then as an odd fashion coupling. And while the hubbub around Margiela died down since the founder made his exit in 2009 after celebrating the brand’s 20th anniversary, the company continued to make progress.In 2014, it generated consolidated revenues of about 100 million euros, or $133 million at average exchange, according to the last available figures.In an interview in 2015, Pungetti told WWD the company saw “big potential” in women’s ready-to-wear and accessories, the latter category accounting for less than 30 percent of sales, the biggest chunk being footwear. It also saw scope to expand its retail footprint as it was underexposed in some markets.Related Story: Renzo Rosso’s Risky Hire of John Galliano Pays OffMeanwhile, fascination with the Margiela brand continues unabated. The label’s notoriously low-profile founder has been working with Olivier Saillard, director of the Palais Galliera fashion museum in Paris, on a retrospective that is slated to bow next year.Meanwhile, Rotterdam-based production company Mint Film Office is working on a documentary titled “We Margiela” that will feature interviews with cofounder Jenny Meirens and is scheduled to be released this year. In a summary on the movie's web site, wemargiela.com, the filmmakers said Meirens is no longer in contact with Margiela.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
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