Francesco Risso will become creative director of the label.
The designer had most recently been freelancing after running his own label and working at Cerruti and Jack Wills.
The economic crisis negatively impacted its results.
Victoria Beckham, who launched dVb fashion brand with sunglasses and jeans in 2007, signed a manufacturing deal with Cutler and Gross for sunglasses.
On June 5, giant screens in New York and Paris will simultaneously relay the PPR-financed movie, “Home,” with hopes of increasing environmental awareness.
Moody’s Investors Service said credit conditions will continue to worsen for retailers.
WWD covers the Costume Institute gala and the after party at Monkey Bar with Madonna, Kate Moss and Justin Timberlake.
As magazines continue their search for ideas to jump-start advertising, Glamour is in the early stages of providing a little retail therapy to readers.
First Lady Michelle Obama dons floral Tracy Feith dress again.