Saks Inc. Chairman and chief executive Stephen I. Sadove was the main man last Thursday for many in the fashion industry.
Sadove has taken some tough steps to steer the store through the recession, but his softer side was front and center at the Fashion Institute of Technology benefit for the school’s educational development fund, where he accepted the “One Person, One Company, One College Make a Difference Award.”
For the crowd of 600 at Cipriani on 42nd Street in Manhattan, there was a big buildup to the presentation. First, school president Dr. Joyce Brown noted Sadove’s involvement with FIT, from speaking at the 2007 commencement to recently spending an afternoon sitting in classes. “His hand was up as much as the A students, and the students were in awe,” said Dr. Brown. “He understands the connection between education — specifically FIT — and our industry.”
Then it was up to New York City Mayor Michael Bloomberg to present the award. First, he called Saks “a good long-term investment’ but joked that the last time he plugged the stock, it dropped about 5 percent. Levity aside, he characterized Saks as “an indispensable part of the fashion industry which is so vital to the city,” adding, “The industry accounts for 175,000 jobs and $10 billion a year in wages. New York City boasts twice the number of fashion companies as Paris has. This is the fashion capital of the world.”
The mayor continued by praising Sadove for being “as generous with his time, his money and expertise as anyone I have ever met. Earn, learn and return. He practices what he preaches and so does Saks.”
Moved by the moment, Sadove seemed like he had to catch his breath initially. “Wow. There are so many of you out there,” he exclaimed.
Then he returned the mayor’s compliment, saying considering New York City and Saks are in “the epicenter” of the economic storm, he was “so pleased to have Mayor Bloomberg leading us through these difficult times.”With the economy crumbling, “the need for funds raised this evening is greater than ever,” Sadove said.
According to Financo’s Gilbert Harrison,co-chairman of FIT’s Educational Foundation, “We had a packed house of 600 that raised $700,000, which in today’s world is the new million or million and a half.”
Others attending the gala were John Pomerantz, also co-chair for the foundation, as well as Carolina Herrera, Ken and Josie Natori, Andrew Rosen, Ron and Georgia Frasch, Terron Schaefer, Roger Farah, Abbey Doneger, Paul Rosengard, Bob Skinner, Marvin Traub, Philip Miller, Peter Som, Henri Barguirdjian, Carl McCall and Peter Sachse.
On exhibit at Cipriani were 20 Jimmy Choo pumps transformed into New York City icons in an FIT student competition for a $2,500 prize. The winner was the Fall in Central Park shoe by Keena Fleming.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)