Europe Watch: Feeling Flush … Go East … Lucky Break …
FEELING FLUSH: Marzotto, owner of the Valentino and Hugo Boss fashion houses, said its sales for the quarter ended March 31 rose 3.4 percent to $593.9 million, aided by the consolidation of Valentino, which it bought in spring 2002. Clothing accounted...
FEELING FLUSH: Marzotto, owner of the Valentino and Hugo Boss fashion houses, said its sales for the quarter ended March 31 rose 3.4 percent to $593.9 million, aided by the consolidation of Valentino, which it bought in spring 2002. Clothing accounted for 86 percent of the total with textiles comprising the balance. Marzotto reiterated that Valentino is still on track to break even in 2004. In 2002, Valentino widened its operating loss to $13.8 million from a loss of $3 million the year before. Sales rose to $149.4 million from $144.7 million. — Amanda Kaiser
GO EAST: Eager to speak to an international audience, Russian, Lithuanian, Ukrainian and Georgian designers gathered forces recently to show their fall collections. The second edition of Russian Fashion Week wrapped up in Moscow April 14. Recently focused on making clothes for individual clients, many designers joined the biannual runway spectacle to attract attention and orders from abroad. Barneys New York and Liberty already carry such labels as Darya Razumihina. "I see that in the West there is growing interest to Eastern designers," observed a spokesman for the Systeme D fashion showroom in Paris. "They have lots of creativity and are less influenced by the big names in the fashion industry. I feel that they can do well not only in the local market but in Europe and the U.S. as well." — Olga Zaretskaya
LUCKY BREAK: Prisma Press, a French magazine publisher, is set to launch what it’s billing as a merchandise mover: Shopping. The magazine will cover all aspects of fashion, beauty and culture from a consumer standpoint, offering pointers on best deals and addresses for shopping in major cities in France and throughout Europe. The debut 132-page May issue, devoted to Brussels, sells for $2.70. The initial print run is 400,000 copies. Prisma plans to publish three issues this year as a test, with the intent of increasing the frequency. — Emilie Marsh
FASHION ANARCHY: Arkadius, the London-based Polish designer with a boutique near Marble Arch, is launching a jeans collection called Arkadius Anarchy. It is slated to bow May 16 during the grand opening of a 1,000-square-foot boutique on Mokotowksa Street in central Warsaw. Arkadius, whose edgy styles have been worn by the likes of Alicia Keys and Christina Aguilera, says he plans to show a new jeanswear collection to retail buyers in September and ultimately roll out to new markets. The designer described his jeans as "avant-garde, but sexy and glamorous." He plans to produce no more than 50 units of each style. Arkadius, short for Arkadiusz Weremczuk, studied fashion design at Central Saint Martins in London and later apprenticed under Alexander McQueen. — Helen BurggrafLOOKING DOWN: Eyewear maker De Rigo saw its 2002 net profit halve to $11.6 million from $23.2 million on declining profitability at its British retail chain, Dollond & Aitchison, and an operating loss at EID, its joint venture with Prada. Dollar figures are converted from the euro at current exchange rates. De Rigo had already reported sales for the year ended Dec. 31, showing a 1.4 percent jump to $559.6 million from $551.7 million in 2001. Operating profit at D&A fell to $1.6 million from $13.4 million the year before, as De Rigo cited difficult market conditions in the U.K. and logistical problems while it reorganized lens production. De Rigo did not release revenue figures for the chain, but said sales dropped 4.6 percent.
EID posted an operating loss of $982,620 compared with an operating profit of $436,720 in 2001, as it shifted distribution and lowered prices. Sales declined 2.5 percent to $34.2 million from $35.1 million. — A.K.
DOUBLING UP: Tom Ford’s empire of next-generation Gucci stores has seen London’s Bond Street location double in size. Unveiled earlier this month, the new store replaces the original unit just across the street, and spans three floors of retail space for a total of 7,500 square feet. It follows launches of new-look stores in New York, Paris and Milan. The store houses the complete range of Gucci products, as well as made-to-measure services for handbags, men’s shoes and men’s suits.— Ellen Burney
COLOR OF VICTORY: After five years of litigation, Benetton announced last week that it had won its libel suit against the Italian newspaper, Corriere della Sera. The Italian sportswear company launched the lawsuit following a series of articles in 1998 alleging that Benetton’s Turkish licensee employed children in its factory and that Benetton approved of this practice to cut costs. The Tribunal Court of Milan found the articles to be "gravely erroneous" and libelous. A sentence is expected within the next two months. In a statement, Benetton said "it trusts that this sentence, which fully re-establishes the facts and the correctness and transparency of Benetton’s social and ethical conduct, will receive a level of visibility capable of counterbalancing, at least in part, the serious damage to its image." — Courtney ColavitaTV TIMES: Karstadt-Quelle, Europe’s largest department store and mail-order business, is joining forces with Swiss investor Hans-Dieter Cleven and German media company EM.TV to buy the German DSF sports television station from the bankrupt KirchMedia Group. This isn’t Karstadt-Quelle’s first foray into the world of television. The Essen-based group has a stake in Home Shopping Europe AG, jointly produces a travel program, "Neckermann’s Vacation World" with the German station, Tele5, and also is working with Sony on setting standards for digital interactive TV.
As for its core retail business, Karstadt-Quelle expects a downturn in operating earnings for 2003. In 2002, earnings before goodwill depreciation and taxes on income shrank to $316.2 million compared with $412.1 million, while sales dipped 1.6 percent to $17 billion. The company is not releasing first-quarter figures, as Easter falls in the second quarter this year, but expects sales for the first four months of 2003 to reach last year’s levels. — Melissa Drier
COMEBACK KID: Seeking reinvention, historic Italian brand Lancetti has tapped the young emerging Brazilian designer, Icarius de Menezes, as creative director. His first collection for the house will be shown during Milan fashion week in September and the designer also will oversee the brand’s 20 licenses. Pino Lancetti, who launched his ready-to-wear in 1961, was known for collections inspired by such artists as Matisse, Picasso and Kandinskij. He retired in 1999. De Meneze succeeds designer Enzo Fusco. De Menezes, of Greek and German origin, launched his first signature collection in Paris three years ago and was one of the five finalists in the Enkamania international design competition held last year in Milan. — Luisa Zargani
TWO FOR THE ROAD: Zara, the prolific Spanish brand, has added two more stores — in Orlando, Fla., and Madrid — to its ever-growing retail roster. The total is 536. The new U.S. unit in the Mall Millenia is Zara’s ninth store on American shores. In Madrid, the new Serrano location is the Spanish capital’s second-largest Zara store, with about 28,000 square feet of selling space over five floors. Sales projections were not available for either unit. Next stop? Singapore, opening within a few weeks in spite of the killer-pneumonia scare. Meanwhile, word has it that Zara parent company Inditex will soon be bringing its junior-focused Bershka retail concept to Benelux and France. — Barbara Barker
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews