LAS VEGAS — Fast Retailing Co.’s acquisition of J Brand is bearing fruit in a more detailed strategy to open the premium denim brand’s first stand-alone retail stores in Los Angeles and New York in the coming year.
Eight months after Japan’s Fast Retailing, which also owns Uniqlo, Theory and Helmut Lang, purchased a majority stake in J Brand for $290 million, the company is negotiating to secure a location for its Los Angeles store that will open by next summer. The second outpost will bow in New York by the end of 2014.
Both units represent more than vanity plays in retail. “Profitability is very important to the equation,” said Jeff Rudes, J Brand’s chief executive officer, while presenting the company’s new collections at the apparel trade shows here. “We’re about profits. We’re a very profitable company. Our partners at Fast Retailing are very profitable.”
Moreover, he noted that the Los Angeles address for the company’s first store isn’t found on a trendy street.
“It’s a little bit off the beaten path,” he said. “We’re around very cool brands that have profitable stores. We don’t believe you have to be on a cool street like Melrose Place to create an image and make money.”
In describing the design edict for the stores, Rudes cited “contemporary and clean with a modern touch [and] spacious.” As for stocking the shelves, he said J Brand isn’t rushing to expand into new product categories before the stores launch. Indeed, he said the first brand extension won’t come before 2015.
@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
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)