PARIS — With an aim to bolster its activity in the Far East, Lalique Group said Tuesday that it has inked a partnership agreement with Damian Ltd.The support and network of Angela Leung and Deborah Ho, the entrepreneurs behind Damian Ltd., “are anticipated to open a wealth of opportunities for Lalique to extend the reach of its crystal and jewelry offerings in Greater China, and to tailor its interior design, art and hospitality concepts to demands in the Far Eastern markets,” Lalique Group said in a statement.The agreement includes Lalique Group proposing to its shareholders the launch of a rights issue involving 997,300 new shares, of which Damian Ltd. has agreed to subscribe to 380,000 shares for 11.4 million Swiss francs, or 9.9 million euros/$11.4 million. The Hong Kong concern is also to invest 10 million euros in a joint venture with Lalique China, to which Lalique Group will contribute its business in the country. Lalique Group is to own 51 percent of the shared operations.“We strongly believe that this is not only a business venture between two companies, but also an enhancement of the cultural links between the traditions of China and France,” said Leung.The proposed ordinary capital increase is subject to shareholder approval at an extraordinary general meeting set for December in Zurich, Switzerland. If it’s a go, the share capital will be increased by an aggregate nominal amount of up to 199,460 Swiss francs from today’s 1 million Swiss francs through the issuance of 997,300 new shares, Lalique Group said. Shareholders will have the right to subscribe to one new Lalique Group share for five shares owned. The subscription price is 30 Swiss francs per offered share, the company said.The transaction is expected to close in January.Lalique Group, a publicly listed company based in Zurich, also has activities including fragrances, cosmetics, furniture and gastronomy.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)