NEW YORK — Wing Son Garments, a Toronto-based activewear manufacturer, has bought a 50 percent stake in Yoko Devereaux, a Brooklyn-based fashion label, for an undisclosed amount.
“For a growing brand like Yoko Devereaux, a relationship like this is key,” said Andy Salzer, creative director of Yoko Devereaux, who said he felt relieved to back away from handling the noncreative aspects of the business.
Yoko Devereaux is known for sporty fashion that puts cotton fleece and jersey to unexpected uses, including pieces that are loosely inspired by traditional tailoring. The label is sold through the namesake store in the hip Williamsburg neighborhood of Brooklyn, as well as in about 30 stores in the U.S. and about a dozen units in Japan. Price points range from $52 to $400.
Some key components of Yoko Devereaux’s future expansion are likely to include the opening of additional Yoko Devereaux stores, a complete redesign of the Yoko Devereaux Web site to include e-commerce, more international distribution and the creation of a higher-end sub-brand, according to Salzer.
Wing Son Group owns rk Stores, a women’s wear chain in Canada, and has divisions for premium home fixtures, private equity investment and real-estate development. But the manufacturing arm, Wing Son Garments Ltd., is the core business. Founder and chief executive Chak Cheng has said one of the company’s mandates is to promote and sustain North American manufacturing.
This week Yoko Devereaux will unveil a line of functional objects inspired by the movie A Clockwork Orange and designed in collaboration with DFC, a Mexico City–based houseware brand.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
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Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews