Asia Watch: Expansive Armani … Not So Fast … Breaking In …
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani...
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani Caffe. It is only the second time that the Giorgio Armani and Emporio Armani collections will be available in the same building — the first, at Chater House in Hong Kong, opened last October.
The new shops will be located on The Bund, which is fast becoming Shanghai’s center for high-end dining and designer shopping. Claudio Silvestrin will be responsible for the design of the Giorgio Armani store and Massimilano and Doriana Fuksas will design the Emporio Armani shop and Caffe.
Omega’s Shanghai shop will be the company’s first wholly owned store in Mainland China. The store will be 1,600 to 1,800 square feet in size. A spokesman said the site’s three-year lease, with a three-year option, would be signed in July.
To date, there are only seven wholly owned Omega stores around the world. The bulk of the company’s business is wholesaling to some 6,000 retailers and resellers, including nine in China. — Constance Haisma-Kwok
NOT SO FAST: Fast Retailing Co. Ltd., owner of Uniqlo, continued to struggle in the first half, with a 51.1 percent drop in net profits, to $93.3 million, on a 20.7 percent decline in sales to $1.35 billion for the six months ended Feb. 28. Devaluation of the stocks of its affiliated companies, including the firm’s struggling U.K. unit, resulted in extraordinary losses of $54.2 million. Dollar figures are converted at current exchange rates. On a comparable-store basis, sales fell 26.8 percent against a year ago. Fast Retailing ran 574 Uniqlo stores in Japan as of the end of February.
For the fiscal year ending Aug. 31, the firm projects net profits of $138.3 million on sales of $2.5 billion — although it plans to announce extraordinary losses of $64.1 million at the end of this fiscal year, resulting from difficulties in its subsidiaries in the U.K., China and its food business division. — Koji Hirano
BREAKING IN: Salvatore Ferragamo is scheduled to open a Tokyo flagship on Chuo-dori in the Ginza district on Wednesday. "The opening of a flagship in Tokyo, and particularly on Chuo-dori in Ginza, is a strategic milestone," said Ferruccio Ferragamo, chief executive of Salvatore Ferragamo Italia SpA. He said Japan is the company’s second most important market, representing more than 26 percent of sales. The Tokyo flagship occupies the entire seven-story building and reflects Ferragamo’s ongoing international expansion. Last year, a flagship in Seoul was opened and next September, a Manhattan flagship on Fifth Avenue will open. Three floors of the Tokyo flagship will be devoted to selling, while the remaining four floors will be office space for Ferragamo Japan K.K. The basement will house the men’s collection; level one will sell women’s shoes, bags, fragrances, sunglasses and silk accessories, and level two will have gallery space and women’s ready-to-wear and accessories. — David Moin
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye