NEW YORK--Marzotto SpA, Valdagno, Italy, has agreed to acquire the woolen textile operations of Mosilana AS, in Brno, Czech Republic. The agreement, which has been in discussion for two years, provides for the incorporation of a new company, Nova Mosilana AS, 90 percent of which Marzotto will control directly or indirectly, for a total investment of $9.4 million (15 billion lire) at current exchange. Mosilana AS will keep 10 percent of the share capital in preferential shares and will contribute to Nova Mosilana the property of its plant in Cernovice, as well as the equipment in the four other woolen operations in the Brno area. Mosilana's management team and 1,300 employees will become part of Nova Mosilana. The sale is expected to be closed by the end of the year. Marzotto said it plans to invest $13.8 million (22 billion lire) in the updating of equipment and machinery over the next few years. A Marzotto spokesman added that some layoffs in the work force may take place, although he couldn't specify when. Marzotto's textile operations include Guabello, a supplier of high-end wool fabrics, and Lanerossi, a manufacturer of wool fabrics for apparel and blankets. Marzotto also produces apparel for such labels as Studio .0001 by FerrÄ, Laura Biagiotti, Missoni and Enrico Coveri. It also owns German men's wear maker Hugo Boss. Marzotto's 1993 sales were $1.2 billion (1.95 trillion lire) with $270.5 million (430 billion lire) coming from its textile operations. "The acquisition will not replace any of our current production facilities," said a Marzotto spokesman. "Rather, it is a way to broaden our offerings and to add to our sales." Mosilana, which had sales last year of $17 million (27 billion lire), could be brought up to $38 million (60 billion lire) over the next four years, the spokesman added.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)