MILAN — Labelux Group, a Vienna-based luxury goods holding company, has acquired a stake in high-end Italian accessories maker Zagliani.
Though the terms of the deal were not disclosed, Berndt Hauptkorn, chief executive officer of Labelux, said the investment is in line with the company’s “buy to build” strategy.
“We continue to believe that the luxury goods market will remain on a long-term growth trajectory for those brands and designers who manage to occupy a unique territory and deliver on design, quality and craftsmanship,” he said.
Mauro Orietti-Carella,Zagliani’s owner and creative director since 2002, said the new setup will allow Zagliani to reach its potential and support long term growth. “We chose Labelux because we share a philosophy of uncompromised quality in every aspect of the brand,” he said. “We have always believed that brands with strong integrity and focused DNA will continue to have a future in today and tomorrow’s luxury market.”
The 62-year-old Zagliani gained market shares in the luxury goods sector with its labor-intensive bags made from exotic skins, prevalently crocodile. Many of the bags are treated with a skin care-derived patent that employs silicon and resins, developed by Carella, a former dermatologist. Retail prices range from $2,000 for a python bag to $21,000 for a crocodile version with flourishes of real gold.
Looking forward, Carella said the company will continue to improve its quality and open monobrand stores to showcase a broader product assortment.
Zagliani is carried in stores in 33 countries including Blake in Chicago, HLorenzo in Los Angeles, L’Eclaireur in Paris and London’s Harvey Nichols.
In 2007, Labelux began building its portfolio of luxury brands. It owns Bally and has majority stakes in Derek Lam and in London-based jewelry designer Solange Azagury-Partridge. The Benckiser family, owners of Labelux, also control fragrance company Coty Inc.
“Zagliani is our fourth investment and another exciting step in building up Labelux as a multibrand luxury firm,” said Hauptkorn.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)