NEW YORK — Steve McCracken, president of DuPont Textiles & Interiors, in a recent interview spoke out to deny reports that he was looking to assemble an investor group to buy DuPont’s Lycra spandex business, which he formerly...
NEW YORK — Steve McCracken, president of DuPont Textiles & Interiors, in a recent interview spoke out to deny reports that he was looking to assemble an investor group to buy DuPont’s Lycra spandex business, which he formerly headed.
“If that rumor were true, then I would need to declare it to be true or there would be significant conflicts of interest here,” he said. “In a company like the DuPont company, the integrity issue is paramount, and that rumor is untrue. I’m interested in running the DTI business as a whole and working with the 20,000 great people to thrive in the future.”
DuPont is seeking to sell or spin off its DTI unit by the end of the year as reported. The company recently confirmed that it’s in sale talks with a party it declined to identify. Sources have said that party is Wichita, Kan.-based Koch Industries Inc., a major petroleum trader that also owns polyester maker KoSa.
A Koch spokeswoman last week declined to confirm or deny the talks, and DuPont officials have not indicated with whom they are speaking about selling the business.
McCracken, who had previously headed up DTI’s fiber operations, took over full leadership of the business this month. The move was one of the final housekeeping steps Wilmington, Del.-based DuPont needed to complete in preparing the $6.3 billion business to be sold or spun off.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast