BEIJING — French clothing group Etam Group has agreed to sell its Chinese ready-to-wear operations to a Hong Kong-based investor, Jinguo Zhou, with immediate effect, an announcement Sunday said.Financial terms of the deal were not disclosed.The statement called Zhou, who is the chief executive officer of Jaoboo Fashion Group International, an experienced industry expert.Laurent Milchior, chief executive officer of Etam Group, said: “As we enter a new stage of development, we believe Mr. Zhou is ideally positioned to take Etam’s ready-to-wear business in China to the next level. With Mr. Zhou’s experience, Etam’s ready-to-wear brands can continue to grow and reach more customers across China.”Zhou added: “With Etam’s strong customer base, its brand heritage and our expertise in China, I am confident we have a bright future ahead of us.”Headquartered in Shanghai, Etam’s China rtw operations include four women's wear brands with 1,600 points of sales across 300 cities, in addition to an online presence on leading Chinese platforms.BDA Partners served as the sole financial adviser to Etam Group on the transaction, while law firm Sidley Austin served as its legal adviser.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim