PRADA FINANCING: Prada said it has signed a medium-term financing agreement with four leading Italian and international banks that will provide for a five-year credit of 700 million euros, or $840 million at current exchange rates. The funds will be divided in separate installments of euros and Japanese yen. Prada said in a statement that the loan will be used "to cover the financial needs of the company and, in part, to refinance existing debt." The credit agreement is underwritten by Banca Intesa SpA, Calyon SA, HSBC Bank Plc and Unicredit Banca d'Impresa SpA. The announcement comes a month after Prada signed a loan agreement that provided funding for 800 million euros, or $960 million at current exchange, and helped repay a 700 million euro ($850 million) bond that expired in June. In May, Prada declined to release debt figures when reporting its year-end results.
TOD'S TAPS TANNENBAUM: Italian luxury leather goods company Tod's has appointed Peter Tannenbaum as chief operating officer. Tannenbaum has been with the company since 1995, most recently as executive vice president. He is credited with coordinating the wholesale strategy for Tod's and its sport brand, Hogan, which are both owned by Diego Della Valle, president of Tod's SpA, as well as helping launch the newly acquired shoe and handbag company Roger Vivier. Tannenbaum will oversee day-to-day operations of Tod's in North and South America, reporting to Claudio Castiglioni, chief executive officer of Tod's USA.
@deciem is all about transparency and approachability. At this year’s WWD Digital Beauty Forum, the brand's co-CEO @nicolakilner said talking to customers directly about the ingredients in products and how they work is key. #wwdsummits #wwdbeauty
‘We didn't know how relevant our film would be when we were making it. When Steven [Rogers] wrote the script Trump wasn't president, class divide in America wasn't as evident as it is now, though it was present. The Time’s Up movement hadn't began and the way we look at women and treat women who speak out — thankfully that is something that seems to have shifted in the last year. I think we just need to continue making art that provokes the conversation and do what we can,’ said ‘I, Tonya’ actress @margotrobbie. Head to WWD.com to see all the celebrities who walked the red carpet @bafta #timesup #wwdeye (📸: Neil Hall)
Gemma Arterton is joined on the @bafta’s red carpet by Eileen Pullen and Gwen Davis, the two women who started the fight for the pay-gap. ‘They represent a normal person speaking out for what is right. Speak out, we will listen and anyone can speak out,’ said Arterton. #eebaftas #timesup #wwdeye (📸: David Fisher)
On the list of emerging designers to watch at London Fashion Week is @nabilnayal. The Syrian-Born and raised designer – who is known for his sculptural and dramatic designs with an Elizabethan era aesthetic – said he designs for a woman who is not afraid to challenge conventions. To see which other up-and-coming talents are joining the schedule this season, head to WWD.com. #wwdfashion #lfw (📷: @gomezdevillaboa)