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.
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