ASIAN EXPANSION: Luxottica Group SpA said it will buy Chinese optical chain Xueliang Optical Technology Co. Ltd. for a purchase price of 169 million yuan, or $20.4 million at current exchange, plus 40 million yuan, or $4.8 million, in assumed liabilities. Luxottica, who had sales of $4.4 billion in 2004, said the acquisition will make the Italian company "one of the leading operators of premium optical stores" in China with a total of 149 units. Luxottica chairman Leonardo Del Vecchio said in a statement that the purchase "is a key strategic step for our group, as it strengthens our position in what is fast becoming one of the most important markets in the world for fashion and premium eyewear." Xueliang Optical posted unaudited sales for the most recent fiscal year of 102 million yuan, or $14.5 million, Luxottica said.
MARK ECKO PROMOTES ZINKIN: Effy Zinkin has been promoted to chief operating officer of Marc Ecko Enterprises, a new position. Zinkin reports to Seth Gerszberg, president, and is responsible for the day-to-day operations of the company. Zinkin had served as executive vice president and general counsel of Marc Ecko Enterprises since 1999. In that role, he was responsible for overseeing the company's legal representation, coordinating human resources, performing general administrative functions and providing oversight to various corporate philanthropic activities. Prior to joining the company, Zinkin was an attorney with Smith, Stratton, Wise, Heher & Brennan in Princeton, N.J., specializing in commercial litigation.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)