Oliver Stone directed Wall Street as a morality play, an attack on the venal corporate culture of the Eighties and an ethical lesson on the perils of profit-driven excess. But apparently not everyone saw the same movie. To Stone’s dismay, his film’s antihero Gordon Gekko—played by a suave and predatory Michael Douglas—inspired a new generation with his “greed is good” ethos to head straight to Wall Street. Many adopted the character’s style along the way. With his contrast-collar shirts in peacock colors, bold braces and tautly gelled hair, Gekko became a sartorial icon for aspiring brokers, as a certain whimsical touch became the outward expression of internal bravado: the yellow conversational tie as middle finger.
Today, on the eve of Gekko’s return in Stone’s Wall Street: Money Never Sleeps, which hits theaters in September, the financial world is a decidedly different place. Banking is global, many of the industry’s marquee institutions have vanished and its groaning failures make the sins of the first film—insider trading and corporate raiding—seem quaint. Men’s style has changed, too. The financial world has become less colorful and more casual. Braces are passé, and the Hermès power tie has lost some of its punch.
The job of updating Wall Street style for the new film fell to veteran costume designer Ellen Mirojnick, who also dressed the characters in the original movie. Gekko’s Eighties dandy, a look she says she based on a mix of Pat Riley and the Duke of Windsor, has given way to an image that is darker, sleeker and more urbane. “The suits are gray and dark blue, and they hug the body. These guys are sharks—I wanted them to look slick,” Mirojnick says. “Everyone on Wall Street does bespoke, so we did bespoke as well.”
The new style favors understatement: no tie bars, subdued pattern mixing, a preference for solid white or blue shirts, which echoes that of real-life Wall Street execs such as the beleaguered Goldman Sachs chief executive officer Lloyd Blankfein. In the movie, banking neophyte Jacob Moore, played by Shia LaBeouf, wears white shirts exclusively—a subdued alternative to the pink stripes and club collars that Gekko brandished in the Eighties.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
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