NEW YORK — Benetton’s largest U.S. retail licensee is grabbing up more square footage. According to sources, Iraklis Karabassis, owner of about 70 Benetton stores in the U.S., has bought up a cluster of Benetton units in Manhattan. Karabassis, who is based in Washington, D.C., and Benetton officials could not be reached for comment Friday to learn whether Benetton is more aggressively trying to transfer ownership of its stores to individual entrepreneurs in the U.S. and elsewhere. Sources said Karabassis has bought at least six stores in Manhattan.One source said Karabassis took ownership of the Manhattan stores on July 28, including units on Fifth Avenue and 48th Street, Third Avenue and 42nd Street, on Broadway in SoHo, and on 17th Street in Chelsea. Two Sisley stores were also believed to have been sold. Sisley is a division of The United Colors of Benetton.About two years ago, Benetton launched a global strategy to open "mega" stores, including more that would be company-owned. However, most units are still part of a licensed network of stores operated by about 2,000 private entrepreneurs worldwide, but dictated to by Benetton. The stores are supplied strictly with merchandise designed and manufactured by Benetton and with Benetton-created fixtures and graphics. Benetton collects wholesale sales in return, while stores keep their own sales and profits.Benetton has about 5,000 stores in 120 countries, including over 100 megastores. Another 100 to 200 megastores are seen opening over the next two years. Aside from The United Colors of Benetton and Sisley apparel brands, the group also owns the Playlife, Nordica, Prince, Rollerblade and Killer Loop brands. Recently, Benetton’s casual business has been doing better than its sports equipment brands and there had been speculation that Benetton might be looking to sell its sports brands, which the company denied in June.
“I design by visualization. I see things, and most of the time they’re not practical to actually make, and what I’ve found here, it’s like anything’s possible. This is the first time that I’ve made a sole unit in two months. That process usually would take six, so here’s a difference,” said @virgilabloh of the first sneaker sample he created for @louisvuitton, pictured here. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion (📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)