Quiksilver Inc. president Bernard Mariette has resigned with the possible intention of acquiring the Rossignol group, which Quiksilver said last month it put on strategic review.
Robert McKnight, Quiksilver chairman and chief executive officer, has resumed the additional role of president of Quiksilver, which owns the Quiksilver, Roxy and DC brands.
"Bernard Mariette has, for 15 years, been invaluable to the growth and success of this company," McKnight said. "He took Quiksilver Europe from its development stage in 1994 and grew it to a $250 million business by 2001 when he became president of the entire company. Since 2001, Quiksilver has almost quadrupled in size and, under Bernard's leadership, has established an infrastructure to globalize Quiksilver's historically regional businesses and cemented its position as a leading global lifestyle company."
Mariette couldn't be reached for comment Tuesday, but Quiksilver revealed his intention to acquire Rossignol.
Warm weather and macroeconomic conditions drove Quiksilver's decision to put Rossignol, which it acquired in 2005 for $320 million in cash and stock, on strategic review. J.P. Morgan Chase & Co. is conducting the process aimed at reducing Quiksilver's exposure to the winter sports equipment business, which most likely means a sale of the French ski apparel and equipment brand. Mariette will remain available for one year to consult on Quiksilver's business, minus the Rossignol Group, according to Quiksilver officials.
Under the company's new management structure, McKnight will have three corporate officers reporting to him — general counsel Charlie Exon, who will add the title chief administrative officer; chief operating officer David Morgan, who will continue in his role that includes serving as president of Rossignol through the transition period, and chief financial officer Joe Scirocco. There also will be three regional presidents — Quiksilver Americas president Marty Samuels, based in Huntington Beach, Calif., Quiksilver Europe president Pierre Agnes, based in Saint Jean de Luz, France, and global brand leader for the Quiksilver brand Craig Stevenson, who will assume additional responsibilities as president of Quiksilver South Asia-Pacific, based in Torquay, Australia — all reporting to McKnight.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)