In Brief: Not Going … Puma Sells Shares … Kellwood’s New CIO
NOT GOING: Tom Ford and Domenico De Sole are focused on building the Tom Ford brand, at least for now. Contrary to press reports, the two are not working with Bally, the Swiss-based fashion and accessories brand owned by Texas Pacific...
NOT GOING: Tom Ford and Domenico De Sole are focused on building the Tom Ford brand, at least for now. Contrary to press reports, the two are not working with Bally, the Swiss-based fashion and accessories brand owned by Texas Pacific Group. "It's just not true,” a Bally spokesman told WWD on Tuesday. "Marco Franchini and De Sole are still in touch, and see one another, but it's nothing more than that.” Before joining Bally as chairman and chief executive in 2002, the Italian-born Franchini worked for Gucci Group. He has always said De Sole's approach to business and brand building is an inspiration. Last month De Sole and Ford announced the launch of the Tom Ford brand, starting with a Tom Ford for Estée Lauder collection and an eyewear license with Marcolin.
PUMA SELLS SHARES: Puma AG said Tuesday that German billionaire siblings Günter and Daniela Herz acquired a 16.9 percent stake in the company. Mayfair Vermögensverwaltungsgesellschaft mbH, an asset management company that manages the investments of the two Herz brothers, bought the stake in the Herzogenaurach, Germany-based sports company in several blocks on May 2. The acquisition makes Mayfair the only major shareholder in Puma, with the rest of the company's share capital in free float on the Frankfurt stock exchange. Mayfair declined to say if it plans to increase its stake. "We welcome Mayfair as a new shareholder and also welcome the investment in the company,” Puma chief executive officer Jochen Zeitz said in a statement. Puma has hinted it may make acquisitions part of its next phase of growth.
KELLWOOD'S NEW CIO: Kellwood Co. has appointed Michael Saunders as chief information officer, following the departure of Don Riley for carpet maker Mohawk Industries. Saunders is a veteran of soft-goods manufacturing, having previously held the cio post at stuffed-animal maker Russ Berrie & Co., Danskin, and women's wear firm Jenna Lane Group. "He has hands-on experience, he's young and aggressive, and we liked his chemistry to fit into the Kellwood DNA,” said Hal J. Upbin, chairman and chief executive officer. Saunders will oversee the company's ongoing initiatives, which include completing the roll-out of Kellwood's integrated business applications to all divisions and managing the company's relationship with outsourcer EDS. New projects could include data mining, Upbin added.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)