MILAN — Diesel has tapped Marco Agnolin as its new chief executive officer, effective January. Agnolin joins Diesel from a seven-year stint at Bershka, controlled by Spanish retail giant Inditex. Agnolin succeeds Alessandro Bogliolo, who left for Tiffany & Co. in October.Diesel is going through a phase of changes. As reported on Monday, artistic director Nicola Formichetti is exiting after four years at the company.In 2016, Diesel’s revenues totaled 960 million euros, representing about 60 percent of parent company OTB’s sales, but for the first time it operated at a loss, dented by business in Europe and the U.S., as well as in Hong Kong. Diesel was impacted last year by the repositioning of the brand and its more selective distribution, which led to a “voluntary reduction” of sales amounting to 200 million euros.“I am proud to welcome Marco on board, one of the most talented fashion executives worldwide and a professional whose career I have followed for a long time,” said Diesel founder Renzo Rosso. “His experience and personal attitude, matched with our vision of the brand, will bring about a successful future for Diesel.”“All my life I have looked up to and have been inspired by one brand, and that was Diesel,” said Agnolin. “Today I am happy to be part of it, looking forward to giving my contribution to the next chapters of its unique story.”Zara’s younger sibling Bershka represents 9 percent of Inditex’s annual sales, which hit 11.67 billion euros in the first half of this year.Bershka was established in 1998 and has more than 1,000 stores in 71 countries, It is also a sister brand to Massimo Dutti, Pull & Bear among others.As reported, Bershka is now dipping its toe into the American market, opening a pop-up in SoHo in October that is ostensibly intended to celebrate the company’s launch of its online store in the U.S.
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