Scottish cashmere mill Todd & Duncan, which supplies yarns to some of the world’s best-known luxury brands, is aiming to leverage its renown in fibers to become a branded ready-to-wear maker.
The company will open its first retail store at 54 Greene Street in New York at the end of this month, showcasing the new collection of Todd & Duncan cashmere sweaters, jackets, skirts, dresses, outerwear and accessories.
“Todd & Duncan has built up all this cachet as a cashmere yarn brand and we want to take it to the next level,” said Lisa D’Esposito, the company’s vice president of sales and marketing. She called the collection “classic contemporary,” with a color palette of neutrals and bright colors. It has a clean, modern aesthetic that would give it adjacencies to brands like Ports 1961 and Burberry Brit.
The 2,000-square-foot store in SoHo will be followed by an e-commerce launch at todd-duncan.com in September. A wholesale effort to other retailers will begin in February for the fall 2014 season.
Designed by Joni Knight, vice president of design and merchandising, the collection retails for between $295 for a classic jersey cashmere sweater up to $1,095 for a cable cashmere coat with leather trim. “We didn’t want to make the price points or the garments too precious,” said D’Esposito.
With a history dating back to 1867, Todd & Duncan was acquired by Ningxia Zhongyin Cashmere Co. Ltd. in September 2009. Based in Ningxia, China, the publicly traded vertical manufacturer is a leading supplier of raw cashmere fibers as well as finished goods. It had a long business relationship selling raw materials to Todd & Duncan prior to the acquisition.
With its headquarters in Kinross, Scotland, Todd & Duncan built its present-day reputation as a supplier of fine cashmere yarns to brands like Chanel, Prada, Christian Dior, Céline, Ralph Lauren, Donna Karan, Theory and Brooks Brothers. A separate division manufactures finished cashmere apparel for private-label clients like Nordstrom, Saks, Bloomingdale’s, Talbots, Patagonia and C. Wonder.
Todd & Duncan opened a New York office and hired about 15 employees to oversee the branded collection launch, with a focus initially on the U.S. market. An expansion into Asia and Europe will occur down the road, said D’Esposito.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over the top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty