PRADA’S CAPSULE ROAD SHOW: While Prada chief Patrizio Bertelli has repeatedly said a Prada initial public offering was postponed indefinitely, he and his wife, Miuccia Prada, recently set out on a mini road show to present the company to...
PRADA’S CAPSULE ROAD SHOW: While Prada chief Patrizio Bertelli has repeatedly said a Prada initial public offering was postponed indefinitely, he and his wife, Miuccia Prada, recently set out on a mini road show to present the company to institutional investors in Milan and at Prada’s headquarters near the Tuscan town of Arezzo. Riccardo Stilli, chief financial officer of Prada, said Morgan Stanley — the original adviser for the IPO — organized the tour late last month, but declined to say which asset management groups were targeted. "It was just a way to introduce our company to future potential investors," Stilli said. "However, I really hesitate to set a date — 2003, 2004, 2005 — for an IPO. It completely depends on the market."
MATRIX HONOREES: Kate White, editor in chief of Cosmopolitan; Daisy Exposito-Ulla, chairwoman of Bravo Group; Jane Rosenthal, co-founder of Tribeca Films; Sheila Nevins, executive vice president of original programming, documentaries and family at HBO/Cinemax; Carolyn Reidy, president of Simon & Schuster Adult Publishing Group, and Maurie Perl, senior vice president of corporate communications at Condé Nast Publications, will receive New York Women in Communications Matrix Awards on April 28 at the Waldorf Astoria.
SPRINTING AHEAD: Fast-fashion phenomenon Hennes & Mauritz on Friday said sales rose 26 percent in October compared with the same period last year. H&M sales increased 18 percent in October 2001. The chain did not break down sales on a same-store basis. Meanwhile, the Swedish firm said it has signed leases to open its first store in Poland and first two in the Czech Republic. They are scheduled to bow next spring. H&M is planning to open additional units in both countries later in 2003.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews