MILAN— Caruso is receiving an injection of funds from Fosun, its Chinese partner since 2013. At the same time, Umberto Angeloni, chairman and chief executive officer of the Italian men’s wear company Raffaele Caruso SpA, is leaving his role this month.He is succeeded by his eldest son Marco Angeloni, chief operating officer of the label, who joined the company in 2010. Marco Angeloni has an MBA from French business school Insead, and previously worked at Bain & Co.While financial details were not disclosed, sources say Fosun has increased its stake from 35 percent to the majority in Aplomb Srl, Umberto Angeloni’s and Ruggero Mangoni’s holding company. This will allow to further expand business globally. The two partners will continue to hold a minority share in Caruso.Angeloni, who spearheaded Brioni’s growth from 1990 until 2007 and turned it into a luxury lifestyle brand, bought the 35 percent stake in Caruso through Aplomb in 2008. Caruso at the time was a public company listed on the Milan Stock Exchange.Angeloni was also instrumental in building the label, setting in motion a retail plan that included the opening of important flagships in New York and Milan, and conceiving a communication and lifestyle message revolving around "The Good Italian" concept.Caruso was founded in 1958 in Soragna, outside the city of Parma, a one-hour drive from Milan. It produces men’s wear collections for leading fashion brands as well as its own Caruso and Uman brands, and counts 500 employees.The changes take place against a challenging backdrop for Italian men's wear companies. As reported, Canali is closing one of its factories and Boglioli is changing hands after presenting a plan for a voluntary arrangement with creditors. Private equity fund Wise SGR, which held a 98 percent stake in Boglioli, has accepted an offer made by international fund PHI Industrial Acquisitions to buy the clothing firm.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
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
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
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