STEELE DEAL: Lawrence Steele has signed a six-year licensing agreement for all his products and distribution with Alberto Aspesi, a leading Italian apparel sportswear manufacturer. Before this deal for production and worldwide distribution, Aspesi...
STEELE DEAL: Lawrence Steele has signed a six-year licensing agreement for all his products and distribution with Alberto Aspesi, a leading Italian apparel sportswear manufacturer. Before this deal for production and worldwide distribution, Aspesi only produced Steele’s sportswear; Casor handled the ready-to-wear and Miss Deanna, a knitwear maker recently acquired by Giorgio Armani, fashioned the sweaters. Those agreements expired. Aspesi, founded 35 years ago, also produces apparel for Comme des Garçons. "Having developed my brand through three licensees…often meant designing bigger collections to satisfy everyone’s production needs. Now, it will be more streamlined and focused," said the 39-year-old American designer, whose collection bowed in 1994. Steele will trade his usual runway show for a more "intimate" showroom presentation starting on Sept. 27 in Milan. According to recent talk on the acquisitions front, Aspesi, based in Legnano, near Milan, has caught the attention of such Italian groups as the Bulgari-led Opera, Diego Della Valle’s Tod’s Group and Sinv, the manufacturing company that recently acquired Byblos. Executives at Sinv and Tod’s couldn’t be reached, whilethe word at Opera was "no comment."
CHANGES AT EW: James W. Seymore, who for months had been rumored to be leaving his post as managing editor of Entertainment Weekly, was succeeded Tuesday by Rick Tetzeli, deputy managing editor of Fortune. Seymore will become an editor-at-large at Time Inc. During his 12-year tenure, EW won four National Magazine Awards, including two for general excellence. In addition, Andy Sareyan, president of The Parenting Group, has been named president of Entertainment Weekly. He succeeds John Squires, who became an executive vice president of Time Inc. last July. Meantime, Peter Bonventre, executive editor of EW, who was reportedly in the running for the managing editor’s post, has been named editorial director of the magazine, where he will continue to provide senior editorial leadership as well as work with the business side to identify and develop new ventures and opportunities. He reports to Sareyan and Tetzeli.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)