TIME CHANGE: The date is finally set. Nicolas Hayek, the colorful Swiss entrepreneur who founded Swatch Group, has revealed that he will entrust the 18-brand business to his son Nicolas Hayek Jr. on Jan. 1. The senior Hayek, 74, largely credited for...
TIME CHANGE: The date is finally set. Nicolas Hayek, the colorful Swiss entrepreneur who founded Swatch Group, has revealed that he will entrust the 18-brand business to his son Nicolas Hayek Jr. on Jan. 1. The senior Hayek, 74, largely credited for saving the troubled Swiss watch industry in the early Eighties, has made no secret of his intention to slowly turn over the business to his son. But he had never provided a firm date. In an interview published Wednesday in Swiss daily Finanz und Wirtschaft, he did just that. He added that he would continue in an "active" role as chairman of the board of directors and president of the Breguet luxury watch brand. Hayek Jr., 48, joined Swatch Group some seven years ago after flirting with a career in film.
FAST FUND: Acquisition targets take notice: There’s a new fund in town. Ferrari chief executive Luca Cordero di Montezemolo and a group of investors including Tod’s ceo Diego Della Valle are launching "Charme," a fund targeting various consumer-related industries in Europe including luxury goods and specialty retail. The fund has a starting capital of $110 million but that figure is expected to swell to $150 million in the short term. Other investors include Deutsche Bank, Unicredito Italiano and Banca Monte dei Paschi di Siena.
ELASTERELL PASSES FTC TEST: A DuPont stretch fiber has been granted generic status by the Federal Trade Commission, a key step in making the fiber a household name, like nylon or polyester. The FTC dubbed the fiber elasterell and the name can now be carried on garment content labels. In granting the generic status, the agency determined that its composition and its low-to-moderate stretch are unique. DuPont has been using the fiber under a temporary name, T-400, and will it continue to be marketed under its Lycra brand.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)