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.
“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
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye