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.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge