Europe Watch: Sail Away … Home Run … Singh’s New Luck …
SAIL AWAY: Louis Vuitton, principal sponsor of the next America’s Cup in Valencia, Spain, is bound to get lots of brand exposure in the long run-up to the main event in 2007. Last Thursday, at a gala dinner at the Louis Vuitton Travel...
SAIL AWAY: Louis Vuitton, principal sponsor of the next America’s Cup in Valencia, Spain, is bound to get lots of brand exposure in the long run-up to the main event in 2007. Last Thursday, at a gala dinner at the Louis Vuitton Travel Museum in suburban Paris, Vuitton president Yves Carcelle and race organizers said the first regatta, bearing the Louis Vuitton banner, will be held Sept. 5 to 11 in Marseilles, France, one of the cities that bid to host sailing’s most prestigious event. In October, Valencia is slated to host two races, and more are scheduled in 2005 and 2006 before the actual Louis Vuitton Cup and America’s Cup events the following year. Organizers likened the program to a play that unfolds in multiple acts. On the merchandising front, some new LV Cup products are in development and are expected to be unveiled this summer. The 2004 races coincide with Vuitton’s 150th anniversary. — Miles Socha
HOME RUN: French retailer Groupe Galeries Lafayette reported a 3.2 percent rise in operating income to $350 million, or 284.6 million euros, on revenues of $6.8 billion, or 5.53 billion euros, up 1.1 percent, for the year ended Dec. 31, 2003. Net income shot up 31.5 percent to $199.1 million, or 161.9 million euros. (Dollar figures are converted from euros at current exchange.) The net was bolstered by a sale of shares in the Casino supermarket chain. At a news conference, co-chairmen Philippe Houze and Philippe Lemonine said the group’s sales improved in the fourth quarter after losing ground in the middle of the year. Sales at the flagship Boulevard Haussmann store in Paris fell 5.8 percent as tourism dropped and the euro gained value against U.S., Japanese and Chinese currencies. Houze said the group’s recently opened Lafayette Maison home store was exceeding sales targets. “We’ve had to close the doors several times for too many people,” he said, adding that overall department store sales were up 3 percent in the first two months of the year. Besides its Galeries Lafayette department stores, the group runs the BHV home improvement stores and a financial services arm. It also has a 50 percent stake in the Monoprix supermarket chain. — Robert MurphySINGH’S NEW LUCK: Shareholders of the U.K.’s New Look fast-fashion manufacturer and retailer have given their overwhelming approval to a bid from Tom Singh to buy it. Singh, currently a non-executive director at the company, and New Look’s shareholder of reference, teamed up with backers Apax and Permira to value the company at about $1.28 billion. Last week, after the shareholders’ vote, it was announced that New Look will be delisted from the stock market on April 5. Singh, whose family already owns 28 percent of the firm, increased his offer last October to $6.38, or 3.48 pounds (converted at current exchange), per share. Only one shareholder, Fidelity, a British fund manager, lodged a protest against Singh’s bid.
It was also announced that Stephen Sunnucks, New Look’s chief executive, will leave the company in April. He will be succeeded by Phil Wrigley, who is managing director of New Look.
New Look is the U.K.’s third-largest women’s wear retailer and has more than 700 stores in the U.K. and France. The latest flagship opened on Oxford Street in London in late August. — Ellen Burney
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)