In Brief: Gilan’s New Flagship … Jacob & Co. Joins DDM … Li & Fung Buys Ralsey …
GILAN’S NEW FLAGSHIP: Turkish fine jeweler Gilan has signed a lease for its first U.S. flagship at 743 Fifth Avenue in New York. The 1,950-square-foot boutique will be sandwiched between Louis Vuitton’s flagship at the corner of...
GILAN’S NEW FLAGSHIP: Turkish fine jeweler Gilan has signed a lease for its first U.S. flagship at 743 Fifth Avenue in New York. The 1,950-square-foot boutique will be sandwiched between Louis Vuitton’s flagship at the corner of 57th Street and Bergdorf Goodman’s men’s store. The Phillips Group, which also worked on the Vuitton flagship, will supervise construction of the space, which will be designed by architect Sinan Kafader, who has worked on numerous Four Seasons Hotels. Gilan is expecting a spring 2005 opening. The 20-year-old brand has occupied an appointment-only salon in the Crown Building on Fifth Avenue since September 2003.
JACOB & CO. JOINS DDM: Antwerp-based diamond company DD Manufacturing has acquired a stake in Jacob & Co., the fine jewelry firm best known for catering to a celebrity and hip-hop clientele, for an undisclosed sum. The deal gives DDM a direct channel to the retail market, and the two firms plan to introduce a branded diamond cut in 2005. This winter, Jacob & Co. will open a flagship boutique on New York’s 57th Street and Latin singer Thalia will appear in the brand’s debut advertising campaign, which begins running in fashion magazines in December.
LI & FUNG BUYS RALSEY: Sourcing powerhouse Li & Fung Ltd. acquired private label manufacturer Ralsey Group Ltd., confirming a report in WWD on Friday that the two were in talks. Ralsey will continue to operate independently with owners Michael and Jamie Delaney retaining their current roles as chief executive officer and executive vice president of design, respectively. “Ralsey Group will add strength to our U.S. design and merchandising group, which we are looking to grow significantly over the next three years,” said Tom Haugen, executive director of Li & Fung, in a statement.
DAK’S POLY BUMP: Citing increases in cost of raw materials, DAK Fibers raised the price of its polyester staple fibers by 3 cents a pound, beginning with Nov. 15 shipments. Base prices for such fibers range from 64 to 70 cents. “DAK Fibers understands the stress that the entire industry is facing, but it must offset these ingredient increases in order to remain a quality supplier in this market,” said the firm in a statement.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)