Europe Watch: Inditex Promotion … Timely Manners … Nature Calls
INDITEX PROMOTION: Inditex said Friday the company would reorganize its top management, with Jose Maria Castellano, its chief executive, becoming vice chairman. A spokesman called the shakeup “preparation for expansion plans. The...
INDITEX PROMOTION: Inditex said Friday the company would reorganize its top management, with Jose Maria Castellano, its chief executive, becoming vice chairman. A spokesman called the shakeup “preparation for expansion plans. The company will create a number of new management divisions. We want to double the size of the company over the next five years.” Amancio Ortega, the company’s founder, will remain chairman, the spokesman added.
Meanwhile, Inditex unit Massimo Dutti is on the march in key European markets, with openings planned in the first half in Lille, Strasbourg and Lyon, France; Bologna, Italy; London, and Dublin. The Inditex-owned chain of classic and casual apparel operates upward of 310 stores in 25 countries. Most are company-owned with franchising agreements only in Portugal, the Benelux countries, Mexico and the Middle East. Dutti also recently opened a third Paris location, its most impressive, which wraps around the Polo Ralph Lauren flagship on Place de la Madeleine. But despite all the European action, there are as yet no concrete plans to export the concept to the U.S. Covadonga Alonso, head of Inditex’s press office at the Barcelona headquarters, said its short-term overseas strategy for Dutti is in keeping with “a strong and continuous expansion program similar to the rest of Inditex’s divisions. We don’t necessarily follow the same game plan sketched out for Zara.”
Zara represents about 70 percent of Inditex’s global turnover, while Massimo Dutti adds about 9 percent. — Barbara Barker
TIMELY MANNERS: A watch that runs fast is not normally a good thing, but after a difficult 2003, Swiss watch exports posted a record, with 2004 sales up 9.2 percent to 11.1 billion Swiss francs, or $13.36 billion at current exchange. Exports of finished watches made the strongest gains, their value up 9.9 percent to 10.2 billion Swiss francs, or $12.27 billion, according to the Federation of the Swiss Watch Industry. The biggest market for Swiss watches was the U.S., up 12.9 percent to 1.87 billion Swiss francs, or $2.25 billion, followed by Hong Kong, up 15.6 percent to 1.64 billion Swiss francs, or $1.97 billion. The fastest-growing market was China, which bounded 41.7 percent to 279.5 million Swiss francs, or $336.4 million. In Europe, exports increased 2.7 percent on average, with Italy leading the market. Looking ahead, the federation expects exports to continue to increase in 2005. — Emilie MarshNATURE CALLS: What does nature have to do with luxury? Visitors to the 2005 World Exposition in Aichi, Japan, this spring will find out. Louis Vuitton is planning a 540-square-foot installation with a facade of 4,000 tiles made of sea salt. Vuitton says the idea is to draw people’s attention to the numerous uses for the planet’s natural resources. The exhibit, which bows March 25 and runs through Sept. 25, also features a video portraying Louis Vuitton’s efforts to reduce carbon monoxide pollution and other nature-friendly efforts. — E.M.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
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