Jill Granoff continues to remake the Kellwood portfolio — and the latest casualty is Lamb & Flag.
The retail concept — green-lit by former Kellwood Co. chief executive officer and current J.C. Penney Co. Inc. chief operating officer Michael Kramer — that had ambitions to become a 700- to 800-door chain, is being excised from Kellwood. “Kellwood is taking a new strategic direction with our brand portfolio and has decided it will no longer invest in start-up concepts that only have a long-term payback. We will be focusing our resources on businesses that have the greatest potential for meaningful growth and profitability,” said Granoff, who was named ceo of Kellwood in May.
The apparel company, which has Vince, Rebecca Taylor, David Meister, Zobha, Baby Phat, Phat Farm, Sag Harbor, Briggs NY, Jolt, My Michelle and XOXO in its brand portfolio, is seeking to sell Lamb & Flag, and Granoff noted there are a few potential buyers that have expressed interest. However, she suggested Lamb & Flag’s three existing stores in Southern California at the Brea Mall, The Shops at Mission Viejo and Los Cerritos Center would be closed if a deal is not done in a timely fashion.
“While the brand story and product are terrific, it would take many years and a lot of capital to build awareness and get this business to be profitable. This decision will allow us to redeploy our resources to other existing brands in our portfolio,” concluded Granoff.
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