PUCCI HITS THE HIGH SEAS: What’s that flapping in the wind? A bird? A plane? A Pucci-print sail? Pucci and Wally, yacht maker to Mediterranean millionaires, have created a glorious, 3,230-square-foot sail that will make its debut at the Pirelli Trophy Regatta in Santa Margherita, Italy, on April 30. The handpainted gennaker sail, made by North Sails in Italy, boasts one of Pucci’s most famous patterns, a 1968 dress featuring slices and swirls of blue, lavender, turquoise and black — as well as Emilio Pucci’s signature. "Since we hired Christian [Lacroix], we’ve been going back to our sportive roots," Laudomia Pucci, Emilio’s daughter, said. "The sail is all about sports, chic and leisure, and really underlines who we are." The sail also has inspired a capsule collection for spring called Vivara, which features printed boat shoes, travel bags, T-shirts and caps. The sail will help power the new, 60-foot Wallyño, to be skippered by Wally’s owner, the dashing Luca Bassani. Wallyño will take part in races around the Mediterranean during the season, and the crew, of course, will wear Pucci uniforms to match the sail.

ANGEL EYES: With the June 11 deadline fast approaching for the shutdown of the Thierry Mugler fashion house, suitors are emerging for the firm’s high-tech factory in Angers, France, and its four retail outlets in Paris. According to sources, Balmain and France Luxury Group, which includes Scherrer, Francesco Smalto and Stephane Kélian, have their eyes on the assets. As reported, Group Clarins, owner of the Mugler brand, is seeking a buyer for the assets for the money-losing fashion business in order to focus on hit Mugler fragrances like Angel. Clarins declined comment, and Balmain and France Luxury Group could not be reached.

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