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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty