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.
@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)
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