HEAD ON: Spain’s fast-fashion giant, Zara, is meeting H&M on its home turf. Last week, Zara opened its first Swedish store — a two-level location with 17,200 square feet of floor space — on Hamngatan Street, a major shopping...
HEAD ON: Spain’s fast-fashion giant, Zara, is meeting H&M on its home turf. Last week, Zara opened its first Swedish store — a two-level location with 17,200 square feet of floor space — on Hamngatan Street, a major shopping thoroughfare in central Stockholm. “Our store is very close to H&M and several H&M units, but we don’t consider [the Swedish retailer] a rival.For us, it’s just another company,” said a spokeswoman at Zara’s La Coruña-based headquarters. “[The competition] will just make us work harder, and it’s the client that will get the best results.” She reported large queues on opening days, which she called “gratifying.” At the same time, Zara rolled out a new store in Ljubljana, Slovenia. With the current additions, parent company Inditex’ ever-expanding global roster of stores totals 1,700 in 47 countries.
— Barbara Barker
AT A LOSS: Debt-laden Cerruti parent Fin.part saw its first-half net loss widen to $39 million, or 34.8 million euros in local currency, from $29 million, or 25.8 million euros, the year before. Sales for the six months ended June 30 dropped 9.4 percent to $230 million, or 205.1 million euros. Fin.part has been selling off assets, including the Maska brand and the Boggi retail chain, to reduce the debt pile it amassed from a buying spree. Fin.part said its net debt as of June 30 stood at $398.3 millioncompared with $571.6 million as of the same date last year. Elsewhere, Fin.part’s board approved plans for a capital increase of up to $78.5 million. The company also noted that sales trends for fall are promising for its “core” businesses of Cerruti, Frette and sportswear unit Pepper.
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia