In Brief: Ferragamo’s Asian Deal … Gucci’s Japan Plan … Changes Afoot …
FERRAGAMO’S ASIAN DEAL: Salvatore Ferragamo SpA and Hong Kong trading giant Li & Fung Ltd. have formed a joint venture to manage the Italian company’s accessories and clothing business in Southeast Asia. The new entity is named Ferragamo...
FERRAGAMO’S ASIAN DEAL: Salvatore Ferragamo SpA and Hong Kong trading giant Li & Fung Ltd. have formed a joint venture to manage the Italian company’s accessories and clothing business in Southeast Asia. The new entity is named Ferragamo Singapore Pte. Ltd. Previously Li & Fung served as Ferragamo’s distributor in the area, where there are currently nine Ferragamo boutiques. The company declined to disclose details of the deal.
GUCCI’S JAPAN PLAN: Gucci will open a 10,800-square-foot flagship in Tokyo’s Ginza district in spring 2005, underscoring the group’s intention to strengthen its presence in Japan. The building housing the store, acquired by Gucci for an undisclosed sum, will also provide 41,040 square feet of office space for the group’s Japan headquarters, common space and parking areas."Japan is the most important market in the luxury goods industry," said Domenico De Sole, president and chief executive of the group, in a statement. "Gucci will benefit enormously — both strategically and financially — from this initiative." The Gucci brand has seven freestanding stores and 37 in-store shops in Japan; other labels in the group have 65 directly operated stores, and YSL Beauté has 65 corners in department stores throughout the country. Last year, Gucci posted sales of $538.1 million (converted from euros at the current exchange rate) in Japan, which accounted for about 20 percent of total group sales.
CHANGES AFOOT: Sergio Rossi said Massimo Braglia left his position as chief executive officer. Braglia joined Sergio Rossi at the end of 1999, when Gucci Group took control of the high-end footwear firm. A Gucci spokesman declined to comment on the departure. Marco Gentile, the company’s chief financial officer, will replace Braglia in the interim.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty