After a busy first half, Italian investors are busy finalizing deals in the designer apparel and eyewear sectors.The fall could see Italian private equity firm Style Capital take a stake in MSGM, the fashion contemporary label founded by Massimo Giorgetti in 2009. MSGM is controlled by Giorgetti, and by Italy’s Gruppo Paoloni, which holds a 50 percent stake in the brand.It would be the second investment for Style Capital, which in April acquired a 51 percent stake in women’s wear brand Forte_Forte. The fund manages an investment portfolio valued at 100 million euros.Later in the year, the proposed merger between Italy’s giant eyewear firm Luxottica Group and France’s Essilor Group, a leader in ophthalmic optics, is set to close.Luxottica and Essilor, the leading maker of lenses worldwide, have agreed to a 46 billion euros merger to form an eyewear powerhouse with annual sales of more than 15 billion euros in more than 150 countries. The agreement was first revealed in January and is likely to transform the sector’s global landscape and spark further technological innovation and deals.The Italian group produces eyewear under license for names including the Giorgio Armani Group, Bulgari, Burberry, Chanel, Coach, Prada and Versace and also has a number of owned brands, such as Ray-Ban, Oakley and Persol.Another eyewear deal is set to take shape in 2018: As part of a new joint venture between LVMH Moët Hennessy Louis Vuitton and Marcolin, the latter will design and manufacture eyewear for Céline and Louis Vuitton, with the goal of “becoming, in the future, the preferred partner” of the LVMH group in the eyewear business.LVMH will control 51 percent of the joint venture and Marcolin the remaining 49 percent. LVMH will take a 10 percent stake in Marcolin, which produces and distributes eyewear collections for brands including Tom Ford, Tod’s, Balenciaga, Moncler and Dsquared2, among others.
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)
20-year-old British singer @jorjasmith_ made her debut at Coachella last weekend. We caught up with her and talked about her love for Amy Winehouse, working with Kendrick Lamar on the “Black Panther” album and her fashion philosophy. Read the interview on WWD.com #wwdeye (📷: @katiedaisyla)
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)