In Brief: Luxe Lovelies … Target Inks New Credit Deal … In The Money …
LUXE LOVELIES: Comite Colbert, an association of 51 French luxury houses, last week presented plans to exhibit one-of-a-kind pieces created by its members in an exhibit this fall in China. Creations from Chanel, Givenchy and Louis...
LUXE LOVELIES: Comite Colbert, an association of 51 French luxury houses, last week presented plans to exhibit one-of-a-kind pieces created by its members in an exhibit this fall in China. Creations from Chanel, Givenchy and Louis Vuitton, among others, were shown to the press at the French ministry of foreign affairs in Paris. The exhibit is designed to promote French know-how in a market where luxury potential is growing rapidly. Among the noteworthy creations were an elaborate crystal candelabra by Saint-Louis, a Hermes saddle in the shape of a bird, and a coral, diamond-encrusted brooch by Dior jewelry designer Victoire de Castellane. The exhibit, to be arranged by Christian Ghion, is slated to run Oct. 25-Nov. 7 at Plaza 66 in Shanghai.
TARGET INKS NEW CREDIT DEAL: Target Corp. said in a Securities and Exchange Commission filing on Monday that it entered into a financial agreement with Bank of America N.A. on June 9 for a $1.6 billion unsecured revolving credit facility. The new five-year credit agreement replaces the retailer's existing $800 million, 364-day credit agreement as well as an $800 million, five-year credit agreement. The new facility expires in June 2010.
IN THE MONEY: Benetton said a pool of 10 banks has granted the clothing company a revolving line of credit for 500 million euros, or $610.8 million at current rates. Benetton will have to pay back the loan in 2010. The company has to maintain certain profit/debt ratios to respect the terms of the deal and there are restrictions preventing it from selling large revenue-generating assets.
SERENA JOINS ABS JEANS: ABS Jeans has tapped Monique Serena as president. ABS Jeans, the young contemporary denim collection produced by AJS Group, is a joint venture between Parigi Group Ltd. and Check Group LLC, both based in New York. Serena, who oversees sales, design and production, reports to Lawrence Jamel, president of Check Group, and Marco Srour, president of Parigi. Serena was previously the executive vice president at Nesi Apparel, where she oversaw sales, design and production for Rocawear Juniors. Before that, she was vice president of sales at Sweetface Fashions, producer of the JLo line. Serena has also worked at Gloria Vanderbilt, Guess, and Tommy Hilfiger.
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