In Brief: Home Run … Adler Leaves BG … Japan Quake …
HOME RUN: GUS plc, the retail and business services group that owns a majority stake in Burberry, has announced plans to sell its home shopping and home delivery division for approximately $968 million to March U.K. Limited, a newly incorporated...
HOME RUN: GUS plc, the retail and business services group that owns a majority stake in Burberry, has announced plans to sell its home shopping and home delivery division for approximately $968 million to March U.K. Limited, a newly incorporated company controlled by Sir David Barclay and Sir Frederick Barclay — the owners of Littlewoods Ltd., the British retail chain and home delivery business. The businesses that March U.K. will acquire include GUS’s U.K. home shopping catalog operation (which includes Kays, Great Universal, Choice and Innovations); its home shopping businesses in Ireland and Sweden; and the Additions brand and business in the U.K. GUS will receive about $738 million in cash on completion of the transactions and an additional, unconditional sum of about $230 million payable in May 2006.
ADLER LEAVES BG: Katherine Adler, Bergdorf Goodman’s vice president and divisional merchandise manager of fine and fashion jewelry, left the luxury retailer earlier this month, WWD has learned. Adler joined the specialty store in 1999 and is widely credited for spearheading the transformation of the main floor, doubling the fine jewelry real estate and bringing in some of the hottest names in jewelry such as Stephen Webster and Julie Baker. Adler was hired in 1999 despite having no experience in the classification. She had run an investment group headquartered in Beijing, and before that, held marketing posts at Avon and the Echo Design Group. Bergdorf’s has not yet named a replacement.
JAPAN QUAKE: More than 100 people were injured Monday, some seriously, from an earthquake that struck the northeastern region of Japan’s main island of Honshu. The quake destroyed a water purifying system at a Fujitsu, Ltd., semiconductor plant in Iwate with a workforce of 2,000, forcing the plant to halt operation. It was unknown at press time when the plant would resume operation. Otherwise there were no immediate reports of major damage to factories or stores in the quake-affected region. The epicenter of the earthquake, which registered six on the Japanese intensity scale of seven, was located 12.5 miles off the city of Kesennuma, Miyagi Prefecture, some 44 miles under the seabed, the Meteorological Agency said. The quake was felt as far away as Kobe. In Tokyo, people on higher floors of office buildings could severely feel a big sway. The quake disrupted railway services in the region, but they were restored Tuesday, according to the East Japan Railway Co. Airports were temporarily closed.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)