PRADA TO PAY: A Milan court has ruled that Prada Group must pay Italian clothing company GTR $6.57 million for not respecting the terms of GTR’s contract to produce clothing for Helmut Lang. (Dollar figures are converted from the euro at current...
PRADA TO PAY: A Milan court has ruled that Prada Group must pay Italian clothing company GTR $6.57 million for not respecting the terms of GTR’s contract to produce clothing for Helmut Lang. (Dollar figures are converted from the euro at current exchange rates.) Prada said the damages are less than 10 percent of what GTR was asking. A GTR spokeswoman said Prada did not satisfy the minimum production quota of the contract. GTR, which produced Helmut Lang’s denim and khaki lines, among others, is evaluating further legal action, the she added.
Meanwhile, Prada said it has named Fabio Zambernardi as design director of the Prada and Miu Miu lines, for all divisions ranging from ready-to-wear to footwear and accessories. Since 1999, Zambernardi was Prada’s design fashion coordinator, and, before that, helped design the footwear line since 1997. In his new role, Zambernardi will work with Miuccia Prada and her husband, Prada chief Patrizio Bertelli, on the development of the collections and image strategies.
D&G SALES LEAP: Dolce & Gabbana said its sales for the year ended March 31 rose 45 percent to $308.9 million. Operating profit for the year ended March 31 came in at $44 million, while gross operating profit came in at $55.3 million. D&G also said direct retail sales for the year-to-date are up 22 percent compared with the same period a year ago. Dollar figures are converted from the euro at current exchange rates.
QUIK ACQUISITION: Quiksilver Inc. has acquired Beach Street Inc., owner and operator of 26 Quiksilver outlet stores operating in 16 states. The $7.5 million stock deal, payable in shares valued at $25, is expected to add about $12 million to the firm’s top line in fiscal 2003. "This business will not only contribute to our sales and profits, but it will also allow us to gain additional flexibility in our off-price business by reducing our reliance on independent off-price retailers, while giving us superior operational efficiencies in inventory planning and shipping," said Quiksilver chairman and chief executive Bob McKnight in a statement. Quiksilver will integrate Beach Street’s operations into its own QS Retail division, which owned 42 stores — 19 of them in the U.S. — at the end of its last fiscal year. John Thompson, Beach Street’s ceo and principal shareholder, has entered into a one-year consulting agreement with Quiksilver.
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
“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