BATON PASSED AT PiaGET: Robert Filotei is stepping down as president of Piaget’s North America division, and will be replaced by Richemont North America executive Thomas Van Der Kallen. Filotei, who has had a long career in the watch and jewelry...
BATON PASSED AT PiaGET: Robert Filotei is stepping down as president of Piaget’s North America division, and will be replaced by Richemont North America executive Thomas Van Der Kallen. Filotei, who has had a long career in the watch and jewelry industry and has spent the last 13 years at Richemont North America, Piaget’s parent firm, said in a statement: "It was time for a change." He could not be reached for comment on Friday. In addition to Piaget, Filotei held management positions at Officine Panerai and Cartier. Van Der Kallen, who takes over the post on Nov. 1, was president of Richemont’s watch division in North America. That position is being eliminated and the Richemont watch brand executives will now be reporting to Callum Barton, chief executive officer of Richemont North America, a company spokeswoman said.
A FACET OF FINAREF: Pinault-Printemps-Redoute, the diversified retailer that controls Gucci Group, on Friday said it’s in exclusive negotiations to sell a major part of its financial services arm to French bank BNP Paribas for about $843 million. PPR said it plans to sell 90 percent of Facet, the consumer credit division that’s tied to its home furnishings retail unit Conforama and part of its consumer credit group, Finaref. As reported, PPR is seeking to divest Finaref to reduce its $6 billion debt and soothe investor jitters over its commitment in 2004 to pay $4.8 billion for the 47 percent stake in Gucci it does not already own. "This deal is part of our intention to ultimately sell the credit and financial services business," said PPR chief executive Serge Weinberg in a statement, reiterating the strategy he outlined earlier last week during a conference call.
IN THE SADDLE: Western Warehouse, a chain of 32 western, wear-to-work and casual apparel stores in four Southwestern states, has named Carrie McDermott president and chief executive officer. McDermott was a zone vice president for Old Navy, managing more than 220 stores representing $1.5 billion in volume. He succeeds Louis J. Krumm, who is retiring. Cooper’s Inc. is the privately held parent of Western Warehouse, which is based in Albuquerque, N.M.
NEW KORET PRESIDENT: Kellwood Co. has named Fred Smeyne as president and chief executive officer of its Koret division. Smeyne will report to Stephen Ruzow, president of Kellwood’s women’s wear division. Smeyne, a seasoned apparel sales and marketing executive, joined Koret in 1970. He most recently was senior vice president of sales and marketing for Koret. Smeyne succeeds Steven Rudin, who held the post of Koret president and ceo since 1992. Rudin left Kellwood Friday to pursue other opportunities. Smeyne will be based in Oakland, Calif.
BANDOLINO ON THE RUN: Jones Apparel Group will extend the Bandolino name into moderate-priced apparel starting next fall. The line will be designed to complement the footwear line, and will be available to department store customers during the November market. "Bandolino’s strong presence in department stores creates a platform of consumer acceptance and desire upon which to leverage an apparel introduction," said Lynne Fish, president of moderate apparel brands at Jones Apparel Group. The collection will target the updated misses’ customer, featuring an assortment of jackets, pants, skirts, sweaters and blouses.
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion