In Brief: Board Talk … Burberry Heads East … Arden HQ On The Block
BOARD TALK: PPR — reconfiguring its corporate governance in the wake of February’s appointment of François-Henri Pinault as its chief executive — said Tuesday it would streamline down to a single board from the...
BOARD TALK: PPR — reconfiguring its corporate governance in the wake of February’s appointment of François-Henri Pinault as its chief executive — said Tuesday it would streamline down to a single board from the current supervisory board and management board. The nine members, all on the current supervisory board, are Pinault, Patricia Barbizet, René Barbier de la Serre, Pierre Bellon, Allan Chapin, Luca Cordero di Montezemolo, Anthony Hamilton, Philippe Lagayette and Baudouin Prot. PPR shareholders will be asked to approve the new board, five of whom are considered independent, at the company’s annual meeting May 19. PPR also plans to name founder François Pinault as the group’s honorary chairman. Meanwhile, a spokeswoman for Artemis, the Pinault family holding that controls PPR, declined to comment on Italian press reports that say it is interested in buying the historic Palazzo Grassi in Venice, presumably to house Pinault’s planned contemporary art foundation. Rumors about the foundation’s future have swirled since March, when construction of the museum on Ile Seguin outside of Paris hit a legal snag.
BURBERRY HEADS EAST: Burberry pushed further into the Far East last month with a new store in Beijing and a shop-in-shop opening at South Korea’s Avenuel department store in Seoul. In China, the 7,141-square-foot store carries the Burberry Prorsum collection for women, the Burberry London collection for women and men as well as accessories, baby and children’s wear, fragrance, home and gifts. It is located on the ground floor of the Beijing Oriental Plaza in the Dong Cheng district. “Burberry’s presence in this prime location reflects the brand’s strategy of retail expansion in key targeted areas globally,” said Burberry chief executive Rose Marie Bravo in a statement. There is limestone flooring and dark and natural oak used throughout the store. All furniture has been custom-designed using Burberry icons such as the trademark check and the trenchcoat as inspiration. Plasma video units will screen the latest Burberry Prorsum runway show. In South Korea, the 1,992-square-foot shop-in-shop spans two floors and carries the full Burberry London clothing and accessories collection for men and women.
ARDEN HQ ON THE BLOCK: Elizabeth Arden Inc. has put its 13-acre Miami Lakes, Fla., headquarters up for sale. The company signed an agreement with Nina Elazar to sell the site, which will be listed on the market for between $10.3 million and $12.2 million. The new buyer will have a 75-day inspection period, during which they can terminate the agreement.
Donatella Versace will receive the International Award at the 2018 @cfda awards, which were announced tonight. Tap link in bio for a list of all the nominees and honorees. #wwdnews #wwdfashion (📷: @rahirezvanistudio )
The 2018 @cfda Awards nominees are out! @virgilabloh for @off____white for is nominated for Womenswear Designer of the Year. Tap link in bio for all the nominees. #wwdnews #wwdfashion ( 📷: @simonelezzi)
@chanelofficial is suing high-end vintage retailer @whatgoesaroundnyc for trademark infringement, a move that could cost the retailer millions. The French fashion house claims that it’s not only unintentionally sold counterfeit goods on occasion, but that it’s “gone out of its way to create an association with Chanel,” which does not exist. Read Chanel’s statement on WWD.com #wwdnews (@aitorrosasphoto)
Exclusive: Guillaume Henry has left @ninaricci, the fashion house said on Thursday. “After three years of mutually gratifying creative collaboration, Nina Ricci and Guillaume Henry have together decided that the designer will depart the house after the presentation of the fall-winter 2018-19 collection,” Ricci said in a statement. Get all the details on WWD.com #wwdfashion (📷: @aitorrosasphoto)
“When Bella enters a room all heads turn,” said @peterphilipsmakeup, creative and image director for @diormakeup. Last night, the two celebrated the product launch of Dior’s Lacquer Plump in Los Angeles with other celebs like @parisjackson, @winnieharlow and more. Head to WWD.com to see the rest of the photos from the night (📷: @chelsealaurenla) #wwdeye
“These shirts are an art form, it’s about getting the message out to as many people as you can. It breaks down the pretentiousness of the art gallery,” says Kumasi Sadiki, cofounder of @ebayontheblock, a store that sells merchandise by New York artists who are shifting their attention to clothes as a wearable medium. Pictured here is a design by artist @joegarvey_, one of the first to spearhead this movement. Head to WWD.com to read @mistywhitesidell full story on how their designs have become merch for the underground elite #wwdfashion
@netaporter is dedicating a part of its website – called the Fine Jewelry and Watch Destination – to highlight its high-end jewelry. The hub will feature products on the site, as well as incorporate styling advice and educational content about high-priced jewelry items. Get more details on WWD.com. #wwdaccessories
For “The Cher Show,” an upcoming musical based on @cher’s life and career, @bobmackie is once again collaborating with the singer in designing the costumes. For decades, Mackie has designed glitzy stage costumes and red carpet looks for the 71-year-old Grammy winner. Pictured here is a sketch of some of the pieces in the wardrobe of the musical, which is set to debut in Chicago on June 12 before making its way to Broadway #wwdeye