In Brief: Giannaccari Exits Bottega … Coach Fire … A & F Gets Diverse …
GIANNACCARI EXITS BOTTEGA: Gucci Group has lost another executive: company veteran Francesco Giannaccari. Sources said Giannaccari, chief financial officer of Bottega Veneta and one of the driving forces behind the brand, stepped down this...
GIANNACCARI EXITS BOTTEGA: Gucci Group has lost another executive: company veteran Francesco Giannaccari. Sources said Giannaccari, chief financial officer of Bottega Veneta and one of the driving forces behind the brand, stepped down this week. Gucci Group officials declined to comment Tuesday. Giannaccari was the first Gucci Group executive to join Bottega after the firm acquired the brand in 2001 and worked closely with Bottega creative director Tomas Maier. Giannaccari’s departure follows that of Gucci’s worldwide merchandising director, Tom Mendenhall, who left last month. Giacomo Santucci, former president and ceo of Gucci, saw his employment terminated in October.
COACH FIRE: Coach executives were evacuated briefly on Tuesday when a fire broke out in Coach headquarters at 516 West 34th Street. The likes of chief executive officer Lew Frankfort, president and executive creative director Reed Krakoff and chief financial officer Michael Devine crowded 33rd Street as firemen made their way to the sixth floor where the fire broke out in the 12-story building. The sixth floor is under construction and the small fire was caused when a spark flew astray while a welder was working on the building. Smoke filled the building’s seventh floor, which remained closed for the afternoon. However, Coach workers were able to return to the other floors shortly after the fire was put out.
A&F GETS DIVERSE: Abercrombie & Fitch Co. said it implemented several new diversity initiatives as part of a consent decree resolving all matters related to three diversity lawsuits. The initiatives include: a previously announced office of diversity; additional diversity training programs; improved internal complaint procedures; enhanced compliance processes; hiring a consultant to help the company develop protocol for recruitment and hiring, and an effort to hire more minority employees. Earlier this month, Abercrombie said it settled the three class-action lawsuits for $50 million, made up of a payment to the class as well as fees and expenses. The lawsuits alleged that Abercrombie discriminated against Latino, Asian-American and African-American applicants and workers. Abercrombie said in a Tuesday statement that in the consent decree the company denies engaging in any discriminatory practices. Philip Berkowitz, a partner with the law firm Nixon Peabody LLP, who specializes in discrimination and wrongful dismissal cases, said the steps Abercrombie is taking to improve its diversity program are normal now that the case has been settled.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast