PARIS — Vivarte is selling Spanish shoe brand Merkal Calzados to private equity company OpCapita, in the latest step of the French company’s restructuring plan.Financial details of the transaction were not disclosed.Vivarte, which also owns fashion apparel label Naf Naf, is undergoing a broad overhaul, concentrating on brands like Minelli and San Marina shoes while shedding others. It announced plans to sell André shoes in January, shoe brand Pataugas in May, and the apparel brand Kookaï in July, and restructured its debt in June.Last year, during the French presidential elections, the company was thrust into the political spotlight as its financial troubles raised the possibility of job losses and prompted some politicians to call for protectionist measures. Vivarte employs 13,000 people in France, where unemployment rates have remained stubbornly high.Vivarte had bought Merkal in 2000, investing 4 million euros in developing the brand’s development in Spain, including opening a large flagship store in the Ramblas Catalunya shopping center in Barcelona.Merkal, created in 1987 in Barcelona, counts 1,100 employees and generated around 131 million euros in sales for the most recent financial year. The brand expanded quickly to other Spanish regions, selling its inexpensive shoes from self-service shelves.Based in London, OpCapita specializes in retail, consumer and leisure industries and has invested more than 500 million euros in businesses across the U.K., France, Germany and Spain over the past 11 years.
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