In Brief: New Man … Amazon’s Link … London Leverage
NEW MAN: PPR on Tuesday appointed Ross McInnes as executive vice president of finance, the most recent management change since François-Henri Pinault took over as chairman in March. In the newly created post, McInnes, who begins...
NEW MAN: PPR on Tuesday appointed Ross McInnes as executive vice president of finance, the most recent management change since François-Henri Pinault took over as chairman in March. In the newly created post, McInnes, who begins July 1, will be responsible for all of PPR’s financial functions. Patrice Marteau, the group’s longstanding chief financial officer, will remain with PPR as corporate secretary, overseeing legal, insurance and internal audit matters. McInnes joins PPR from Thales, the electronics company for the defense and aerospace markets, where he had been chief financial officer for the last five years.
AMAZON’S LINK: Marks & Spencer has signed a deal with e-commerce provider Amazon Services Europe Inc., a subsidiary of Amazon.com Inc., based in Luxembourg, which will host and provide the technology behind the M&S branded Web site. It will also provide the underlying systems for Marks & Spencer’s in-store and telephone ordering and customer service systems. M&S will manage the Web site and handle customer service, warehousing and distribution. Marks & Spencer customers will benefit from the creation of an integrated order system, the companies said in a statement. For example, if a customer orders a pair of jeans from the Web site, she can change or check the status of her order online, with a customer assistant in the store or by calling the M&S customer service line, according to an Amazon spokesman. M&S customers can already return items purchased on its Web site by mail or in the store. The two companies expect to complete the first phase of the project by early summer 2006.
LONDON LEVERAGE: Two English luxury retailers are taking advantage of the rising value of central London retail property to bankroll their expansion. A&G Group, parent of the Asprey and Garrard brands, and Liberty, the specialty store, both sealed sale-and-leaseback deals this week for their London flagships. A&G has sold Asprey’s Bond Street store to Quinlan Private, the Irish property group, for an estimated 55 million pounds ($105 million at current exchange), although an Asprey spokeswoman declined to confirm the price. A&G Group said it planned to use the proceeds to fund its international expansion program. Asprey has been trading from Bond Street since 1847, and the current building has been handed back to A&G Group on a long-term lease that will last for at least 25 years. Meanwhile, Liberty, which has been undergoing a revamp, has sold two London buildings to a joint venture between Great Portland Estates and the Liverpool Victoria Friendly Society for 66.5 million pounds ($127 million). The sale has enabled Liberty to wipe out debts of nearly 62 million pounds, or $118 million, and to focus on building its in-house brand, which it eventually plans to wholesale and retail internationally.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.