Posts for June 2011

gilt groupe

Are Sample Sale Websites Like Gilt Groupe Hurting Designers' Cachet?

>> Is the proliferation of sample sale websites ultimately hurting designers?

>> Is the proliferation of sample sale websites ultimately hurting designers? The Wall Street Journal's Alexis Swerdloff thinks so. She writes: "Due to a surge in sample-sale websites like Gilt Groupe, the cachet once associated with owning a name-brand designer has been significantly diluted; getting your hands on a Marc Jacobs bag is easier than it's ever been. This, combined with a post-recession wariness of conspicuous logo-flaunting and an eco-fueled desire for small-batch, low-impact authenticity, may be shifting the nature of luxury. It's no longer about who made your dress, but at what out-of-the-way dusty market you found it. Call it the Eat, Pray, Love-ization of fashion." [WSJ]

Pierre Cardin

Is Something Up at Pierre Cardin?

>> Is change on the horizon for the house of Pierre Cardin?

>> Is change on the horizon for the house of Pierre Cardin? There are certainly rumors floating around that would perpetrate as much. Earlier this month, shortly after Hedi Slimane confirmed that he plans to return to fashion design, commenters on The Imagist suggested that he may be headed to Pierre Cardin. And then this morning, The Imagist himself tweeted, "You will witness the return of Pierre Cardin to ultra-blue chip relevancy," suggesting that something is indeed a-brewing.

Just last week, Cardin said that in light of his age, he wants to hand his empire over to new owners soon: “A decision is fairly imminent. I want to do it this year. I am almost 89, you know. I might be alert for another two, three years, but after that, I’ll be a little bit senile.”

His minimum asking price remains one billion euros ($1.4 billion), despite criticism that the price is too steep for a business based mainly on licenses. “I field offers every single day,” Cardin noted. “Let’s do the math briefly. There are some 100 clothing products for men, women and children. There are roughly 100 countries. On average, I’m asking for one million euros [$1.4 million] per product and per country. That’s 10 billion euros. Wouldn’t you give one million euros to own the license for Pierre Cardin suits, for example? It’s nothing.”

Cardin added that he is currently leaning towards a plan by British-based investors to list the company on the stock exchange and keep him on as CEO. But, as WWD notes: "The famously mercurial designer could still change his mind."

Resort 2012

The Must-Have Shoes of Resort 2012

>> It's almost cruel that shoes this good aren't available right this minute.

>> It's almost cruel that shoes this good aren't available right this minute. Between the vertiginous cutaway stilettos from Gucci, the colorblocked sandals from Dior, and pointy pink flats from Mulberry, the Resort 2012 collections were chock-full of pieces that could easily weasel their way into our daily rotation. Unfortunately, we have to wait until Winter for them to hit stores . . .  until then, have a look at the top Resort 2012 shoes.

Shopping

Adam Lippes to Launch Lower-Priced Line With HSN

>> This September, Adam Lippes heads to HSN with a new lower-priced line, Love Adam, which features embellished tops, faux-fur coats, and printed dresses and is "more casual" than his ADAM main line. "It’s not a redux of our greatest hits in cheaper fabrics," the designer explains.

>> This September, Adam Lippes heads to HSN with a new lower-priced line, Love Adam, which features embellished tops, faux-fur coats, and printed dresses and is "more casual" than his ADAM main line. "It’s not a redux of our greatest hits in cheaper fabrics," the designer explains.

Love Adam is expected to retail between $55 and $400, versus the main line, which starts at about $175 for tops. It's the second mass-market collaboration for the designer, who was encouraged to pursue more widely accessible projects after a recent teaming with Spanish retailer Mango. “I was amazed by the reach that it gave my brand and the fact that good-looking, well-made clothes didn’t need to be crazy-expensive if you have the volume . . . I got letters and e-mails from customers all over the world.”

 

Michael Kors

Tommy Hilfiger to Invest in Michael Kors?

>> Tommy Hilfiger is said to be among those planning to privately invest in Michael Kors, WWD reports.

>> Tommy Hilfiger is said to be among those planning to privately invest in Michael Kors, WWD reports. Kors is reportedly seeking as much as $500 million to fund its global expansion plans, and hired Morgan Stanley to sell an equity stake of approximately 25 percent. The round of financing has since closed and is expected to be finalized next month.

Hilfiger, who put money into Belstaff earlier this month, declined to comment on whether he would invest in Kors, too, but did say: “Anybody would be crazy not to invest in it. Michael Kors is the next major global player in my eyes.”

If Hilfiger were to participate in this new round of funding for Kors, he would be joining his previous investment partners Joel Horowitz, Silas Chou, and Lawrence Stroll, all of whom were the original investors in Tommy Hilfiger (The latter two, Chou and Stroll, bought Michael Kors in 2003 for a reported $100 million.). “For over 20 years, we’ve invested in things together," Hilfiger noted. "If they ask me, of course I’ll invest [in Kors]."

Kors, which generates about $900 million in volume, is expected to do private placement funding followed by an initial public offering right away; some are estimating the company could be valued at over $2 billion. This strategy is notable because there hasn't been an American designer IPO in some time — Donna Karan and Ralph Lauren did theirs in the late '90s. More recently, brands have typically been bought up by larger players or conglomerates.

Shopping

American Beauty — 15 Red, White, and Blue Pieces to Celebrate In

>> The countdown to Fourth of July weekend has begun .
What to Wear for Fourth of July - Summer Shopping Guide

>> The countdown to Fourth of July weekend has begun . . . and that means it's time to plan an outfit.  To help you get in the stylishly patriotic mood, we've rounded up 15 perfect-for-the-Fourth pieces — all in red, white, or blue, of course. Make a subtle statement by going head to toe in just one color, or aim for ultra-Americana and wear all three hues together. Why not? After all, these pieces are so utterly wearable, they just may end up in your regular Summer rotation, fireworks or not.

Image via Nasty Gal

christopher kane

Christopher Kane Resort 2012

>> Christopher Kane is having a "taste the rainbow" moment — the majority of his Resort 2012 collection, inspired by “prisms and reflective fabrics,” features the full visible color spectrum.

>> Christopher Kane is having a "taste the rainbow" moment — the majority of his Resort 2012 collection, inspired by “prisms and reflective fabrics,” features the full visible color spectrum. But his sister and partner Tammy Kane promises, “There’s something here for the fashion girl, for the office girl, and the older woman. We’ve really had a chance to think about doing all of that now.”

So what allowed them to expand their offerings beyond just their well-known and loved party dresses? “It’s the money from the British Fashion Council/Vogue award,” Christopher explained. “Winning that has enabled us to expand the design team and take on someone to help on the business side. So Tammy and I are more freed up to go out, get inspired, and really start doing what we want to do with this collection.”

Milan Fashion Week

Our Favorite Lady Street Style from the Spring 2012 Men's Shows

>> Spring 2012 menswear season just wrapped up in Paris, but despite the masculine focus, plenty of women turned out — and turned it out — for the occasion.

>> Spring 2012 menswear season just wrapped up in Paris, but despite the masculine focus, plenty of women turned out — and turned it out — for the occasion. Anna Dello Russo, Julia Sarr-Jamois, and even Carine Roitfeld brought out the Dolce & Gabbana, Prada, and Givenchy in whites and neon brights. See our favorite street style snaps from the Milan and Paris men's fashion weeks in the slideshow.

Christian Dior

Bernard Arnault Will Not Be Hiring John Galliano Back; New Galliano Designer Named

>> Despite reports late last week that LVMH was considering re-hiring John Galliano to design for his eponymous label, it's not happening.

>> Despite reports late last week that LVMH was considering re-hiring John Galliano to design for his eponymous label, it's not happening. LVMH chief Bernard Arnault laid any rumors to rest on Saturday, when he said of Galliano: “He will not be working for LVMH.” Arnault added that after Galliano's arrest and dismissal from Dior and LVMH, “he didn’t have the simple politeness to contact me.”

When asked if he had been concerned about Galliano's behavior and absences from work in recent years, Sidney Toledano, CEO at both John Galliano and Christian Dior, replied: “There were concerns, and we warned him officially. I’ve talked to the lawyers for years.”

A new designer, meanwhile, is stepping into Galliano's shoes — at least at his namesake label. Bill Gaytten, who worked beside Galliano in his studio for 23 years, took a bow at the end of the Galliano Spring 2012 menswear show in Paris on Friday (which featured Galliano lookalikes) and is set to succeed Galliano at the creative helm of the collection, Toledano confirmed.

Gaytten oversaw the men's collection from conception to runway. “It’s the same job for me; I’ve been doing it for a long time,” he said. “It was a bit different because John wasn’t there.” He then confessed: “I’m dying to know what he thinks!”

Gaytten is also the studio team leader for Dior's Fall 2011 couture show next week, fueling speculation that he might be a contender to succeed Galliano at Dior, as well. Toledano declined comment on that search.

Kate Moss

Kate Moss Pops In at Glastonbury, Pre-Wedding

>> Kate Moss's nuptials are just days away, but she didn't miss her annual sojourn to the Glastonbury Festival over the weekend; Alexa Chung and Lily Donaldson turned up for the muddy musical festival, too.

>> Kate Moss's nuptials are just days away, but she didn't miss her annual sojourn to the Glastonbury Festival over the weekend; Alexa Chung and Lily Donaldson turned up for the muddy musical festival, too.

Moss reportedly temporarily lost her engagement ring at fiance Jamie Hince's performance and then was turned away from Pulp's surprise set, but the weekend wasn't all bad luck. Moss was snapped with Hamish Bowles on her arm — it seems like he may be getting a headstart on Vogue's coverage of Moss's wedding, which is said to include a Mario Testino-shot cover (for the September 2011 issue) and accompanying feature story.