Entrepreneur Lynn Tilton knows more than a little about adapting and innovating.
Tilton, chief executive officer of Patriarch Partners LLC, has owned more than 240 companies over the last 14 years. She currently owns 75 businesses including beauty brands Stila Cosmetics and Jane Cosmetics. “I could spend all my time as an innovator and a creator and a technologist and I’d be a happy soul,” she said.
“I have owned so many companies and I come from so many different industries,” Tilton continued. “And it all begins with product. Product drives every one of my companies throughout my platform. And every business works from the customer backward. There are only two things that the customer covets. They are design and disruption. Design being the desire to be enveloped in elegance and beauty, to smile in your heart. And disruption is the excitement that comes from innovation, science and technology. And so whether I’m in aviation, automotive, apparel or beauty, my customers’ desires are the same. They’re looking for streamlined elegance and new and unique technologies.” See Complete Coverage of the WWD Beauty CEO Summit Here >>
Beauty isn’t an exception to that rule, she added. “Like everything else, it’s all about how you can create that white space and innovate and disrupt,” she said. “And so at my beauty house as well as across all my companies, design and disruption, design and disruption, design disruption. It is our mantra and it is our morning prayer. One has to have the courage to out-innovate oneself. It’s always frightening to disrupt long-embedded stronghold beliefs, industries. But we no longer live in a world of survival of the fittest. It’s really survival of the adaptist. And if you hold on tight, you will die. And so we have no choice but to let go. To dream the dream, to close our eyes and build the vision that we see.”
Among those is a new look for one of her beauty brands. “In this world of technology, start-ups and electric companies can easily displace long-embedded brands,” said Tilton. “That gives us opportunity, but it also keeps us on our toes. So at Stila, even though I’m up over 30 percent in the first quarter, I’ve decided to sweep my shelves and created all new packaging. My desire was really to envelope my customer in elegance and to shower her in jewels. And so even my gondolas are being completely recreated. People say to me, ‘You’re taking back all that inventory?’ Yeah. Because if I don’t out-innovate myself, someone will come and take my place.”
Tilton also is committed to giving back through her beauty brands. With her Jane brand, every time a consumer buys a Jane product, Tilton donates one to a battered-women’s shelter. She’s also toured shelters nationwide with Jane and Stila makeup artists and celebrity hairstylist Ken Pavés. “It’s really my hope that I can teach young girls that compassion is contagious and that kindness is cool,” said Tilton. “But ladies, it’s up to us to make it a reality.”
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
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