PIANOFORTE PLAYERS: Mir Capital, a private equity fund formed by Gazprombank and Italian bank Intesa Sanpaolo to support the expansion of medium-size Italian and Russian companies, and LVMH Moët Hennessy Louis Vuitton’s private equity fund L Capital Asia, are said to be eyeing Pianoforte Holding with the goal of buying a stake in the company. The Italian group comprises fast-fashion accessories brand Carpisa, innerwear and beachwear brand Yamamay and swimwear brand Jaked.
As reported, Pianoforte Holding is aiming at raising its presence abroad, especially in Russia, the Middle East, Central America and the Far East, over the next three years. “The deal hinges on the support a new partner could contribute to the group’s plans to expand outside Italy, especially in Asia,” said a source. Gianluigi Cimmino, company board member and Yamamay and Carpisa chief executive officer, has said that Pianoforte may publicly list in 2015.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)