GROWTH SPURT: Marvin Traub is hunting for office space for his own namesake consulting firm, but, contrary to rumor, he’s not splitting from Gilbert W. Harrison and the Financo investment banking firm. Traub, according to both...
GROWTH SPURT: Marvin Traub is hunting for office space for his own namesake consulting firm, but, contrary to rumor, he’s not splitting from Gilbert W. Harrison and the Financo investment banking firm. Traub, according to both executives, will continue as a senior adviser to Financo.
“We don’t have room in our office,” said Harrison. “Marvin is getting additional space. He’s remaining a senior adviser to Financo.” While Traub has certain deals he works on, Financo has others. “We’re still very friendly,” Harrison pointed out.
Aside from advising Financo, Traub, the former chairman of Bloomingdale’s, also operates his marketing and consulting firm, Marvin Traub Associates, out of Financo’s headquarters on Madison Avenue and 54th Street. Traub said that his consulting business is growing and “I need additional space.” He said he was seeking offices in the same neighborhood as Financo, adding, “It’s not that we are splitting apart.”
Financo, considered a boutique firm in the world of investment banking, has grown in size and sophistication in the past three years, forming financial and consulting services to help companies improve performance, restructure and raise capital.
HEADING EAST: Maria Luisa, the designer boutiques in Paris run by Maria Luisa Poumaillou, is heading abroad. Poumaillou said she is in final negotiations with Hong Kong textile group Fenix, which manufactures Anteprima, to open a licensed Maria Luisa unit in Hong Kong. She said it could bow as soon as this fall and would focus on high-end luxury brands, such as Rochas and Revillon.
VESTED INTERESTS: At the Sotheby’s estate sale for Katharine Hepburn Friday morning, Burberry picked up two light brown wool vests, which were said to be personal favorites of the late actress. Estimated bids for both items were between $400 and $600, but one fetched $9,000 and the other got $2,100. Burberry plans to house the vests in its archives at its Haymarket building in London.
TOMMY’S TEE TIME: Tommy Hilfiger has rounded up U.S. ski team members Hannah Hardaway and Bode Miller, former New York Giants Otis Anderson and Howard Cross, Melissa Joan Hart and Kwame Jackson, among others, to compete in his celebrity golf tournament Monday in Alpine, N.J. Afterward, Saturday Night Live’s Tina Fey will host a dinner where Teri Garr will warm up the crowd as keynote speaker. The event benefits the Nancy Davis Foundation for Multiple Sclerosis.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion