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.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)