MILAN — The new owner of Krizia will unveil fall designs for her brands Marisfrolg and ZhuChongYun on Saturday in Beijing. Ahead of those two runway shows, and in her first interview since WWD’s report of Krizia’s acquisition by Chinese fashion retailer Shenzhen Marisfrolg Fashion Co. Ltd. last month, owner Zhu Chongyun discussed her views on the storied Italian brand. Zhu succeeds Krizia founder and creative director Mariuccia Mandelli, who is passing the baton after six decades in business. Zhu’s first collection for Krizia will bow in February in Milan. As reported, Marisfrolg is based in Shenzhen but Krizia will continue to be based in Milan. Although financial details of the transaction, which is expected to be finalized in the spring, were not disclosed, sources peg the deal at around 35 million euros, or $48.6 million at current exchange.
Zhu is expected to revamp the brand and, over the next five years, to open Krizia flagships in Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu, and gradually reopen units in the most important cities in Europe, Japan and the U.S.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)