Top Notes: Mugler’s Muse…Tenderized…One Plea Done, One To Go…Prada’s New Hire
MUGLER’S MUSE: The classic Thierry Mugler Angel got a shot of stardust this week, when Vera Strubi, president of Thierry Mugler Parfums Worldwide, joined Benjamin Gillikin, president of Thierry Mugler Parfums North America, at a reception...
MUGLER’S MUSE: The classic Thierry Mugler Angel got a shot of stardust this week, when Vera Strubi, president of Thierry Mugler Parfums Worldwide, joined Benjamin Gillikin, president of Thierry Mugler Parfums North America, at a reception introducing the brand’s new spokesmodel to U.S. audiences this week. As reported, model Anna-Maria Cseh has signed a three-year contract to be the face of Angel, joining a select group that has also included Estelle Hallyday, Jerry Hall and Amy Wesson.
TENDERIZED: The contentious tender offer for the outstanding shares of Wella, which Procter & Gamble Co. wrapped up last Friday, left the Cincinnati-based giant with control over 79.2 percent of the German beauty firm’s total registered share capital and 84.9 percent of the value of the outstanding shares, based on tender offer prices and excluding treasury shares held by Wella.
In all, 9.1 million, or 20.5 percent, of the voting shares were tendered as well as 10.2 million, or 43.5 percent, of the preference shares. Including P&G’s stake, there are roughly 67 million Wella shares, 23 million of them preference shares and 44 million of them voting shares.
P&G can now go ahead and purchase the tendered stock, once regulatory approvals are obtained, and begin working with Wella’s management on a joint business plan.
ONE PLEA DONE, ONE TO GO: Eric Sorkin, a former Rite Aid Corp. vice president in the pharmacy services department who is currently on administrative leave, pled guilty Wednesday to a criminal conspiracy count in a federal district court in Harrisburg, Penn. Sorkin could spend up to five years in prison, will pay $250,000 in fines and faces up to three years of parole. The government is expected to seek a lesser sentence because of Sorkin’s help in the government’s investigation in one of the largest corporate accounting scandals in U.S. history. A former colleague, Franklin Brown, the company’s former vice chairman, was scheduled to change his plea to guilty on Thursday. That hearing was postponed, and its new date couldn’t be immediately determined. As reported, former chairman and chief executive officer Martin Grass and former chief financial officer Frank Bergonzi changed their pleas to guilty earlier this month just before their trials were set to begin.PRADA’S NEW HIRE: Kristin Stevenson was named marketing director for Prada Beauty on Wednesday. In this role, Stevenson will be responsible for the marketing and seasonal programs for the Prada Beauty brand. Stevenson will report to Martha Brady, general manager of Puig North America Beauty and president of Puig USA.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)