Jennings underlined that he is staying, as planned, at the Essen, Germany-based department store group until his contract ends.
He also denied published reports that he and Karstadt owner Nicolas Berggruen were having a dispute. “I was on a store tour with our owner Nicolas Berggruen on the weekend when I was made aware of the article in Bild newspaper and saw this news piece about he and I having a conflict,” Jennings said. “Absolute nonsense.
“Let me clarify,” he told WWD. “Nicolas and I are both committed to strategy ‘Karstadt 2015’ and we have no dispute whatsoever. In fact, Nicolas is a great supporter of ‘Karstadt 2015’ having recently spent two intensive days discussing the business. Together we are undergoing a normal management succession-planning process and I am totally involved in this.”
Jennings also “never threw in the towel,” he declared, denying a characterization by WWD in Monday’s edition. “I have far more integrity than that. I am committed to the 20,000 Karstadt staff and the talented management team.”
With six months to go at the helm of Karstadt, the retail veteran declined to discuss any future plans.
On Sunday, Karstadt issued a statement denying a report in Bild am Sonntag that there were conflicts between Berggruen and Jennings over strategy. The retailer said that Berggruen and his team “are in harmony about the continuation of the Karstadt strategy and agree on the long-term succession planning of the ceo.”
Berggruen added, “This succession planning is the normal course of the business and we look forward to continuing a long-term relationship with Andrew Jennings beyond 2013 when his contract officially ends.”
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion