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.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)