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Message to Michael Page 1 Tuesday FASHION: More from resort, including s NEWS: Tina Lutz Oscar de la Renta, Diane von and Marcia Patmos Furstenberg, Carolina Herrera and of Lutz & Patmos to s Narciso Rodriguez, pages 8 to 11. part ways, page 3. BEAUTY: Natalie s RETAIL: Group including BCBG Portman new face of Max Azria buys German department Parfums Christian store chain Karstadt, page 2. Dior, page 4. s Women’s Wear Daily • The Retailers’ Daily Newspaper • June 8, 2010 • $3.00 WReady-to-Wear/TextilesWDTUESDAY Message To Michael NEW YORK — After 29 years in the business, Michael Kors received one of the Council of Fashion Designers of America’s top honors Monday night: the Geoffrey Beene Lifetime Achievement Award. He brought his mom (“I was in disbelief when I heard”) and Gwyneth Paltrow, in custom Michael Kors and Fred Leighton (“I’m in a dress and a ponytail and I’m comfortable”), to Alice Tully Hall for the occasion. And having been to countless ceremonies throughout his career, Kors has learned something along the way. “I like two things, short shows and short speeches,” he said. It’s safe to say his peers would agree. For more on the CFDA Fashion Awards, see pages 6 and 7. NER H IC E EVE T PHOTO BY S PHOTO BY 2 WWD, TUESDAY, JUNE 8, 2010 WWD.COM BCBG Consortium to Buy Karstadt By Melissa Drier The labor union Verdi openly favored Berggruen among the bidders, saying his offer WWDTUESReady-to-Wear/TextilesDay BERLIN — The insolvent German Karstadt was the most attractive in terms of its long-term Department Store Group is to be acquired by a perspectives and financing. Berggruen was the FASHION partnership between private investor Nicolas one investor whose plan reportedly didn’t in- Bold prints and rich textures dominated lineups s 8 Berggruen and BCBG Max Azria Group. clude further cuts in — or concessions from — as Oscar de la Renta, Diane von Furstenberg and On Monday evening — almost exactly a year Karstadt’s 25,000 strong workforce. more showed their looks for resort. to the day since the German retail chain filed Berggruen Holdings won out over the for insolvency — the Karstadt creditors com- Highstreet consortium, which owns 86 of the GENERAL mittee chose the Berggruen-led consortium as Karstadt store properties and represents the After a decade of designing together, Tina Lutz Karstadt’s new owner. combined interests of Goldman Sachs, which 3 and Marcia Patmos will close their Lutz & Patmos Berggruen is the son of deceased German art owns 51 percent of the consortium, along with company at the end of this year. collector and patron Heinz Berggruen and is Deutsche Bank, Pirelli Real Estate, Generali founder and president of Berggruen Holdings, Insurance and Italian department store mogul 3 Sales growth at Hermès International should which has assets of more than $2 million, ac- Maurizio Borletti, and the third official bid- drop off in the second half, chief executive officer cording to the company. In his bid to take over der, the German-Scandinavian private equity Patrick Thomas said Monday. the 129-year-old Karstadt, Berggruen enlisted firm Triton. BEAUTY: Parfums Christian Dior said Monday it the strategic partnership of the BCBG Max Azria An official offer from Russian investor 4 has inked a deal with Natalie Portman to be its Group. Financial details of this joint venture Artur Pakhomov, who emerged as a potential new face. have also not been revealed. buyer last week, was never submitted, accord- Max Azria, designer, chairman and chief ex- ing to the insolvency administrator’s office. The Council of Fashion Designers of America ecutive officer of BCBG Max Azria, said, “We Also on the sidelines was the Metro Group, 6 selected Marc Jacobs the Womenswear Designer have a fantastic opportunity to turn around this which runs the competing German Galeria of the Year at the CFDA Awards Monday. business and make it the jewel of the German Kaufhof department store chain, which has Retail stocks fell 1.7 percent Monday, hitting lows retail market.” 113 units and had long expressed interest 14 David Jehan, director of international op- in taking over some — but not all — of the not seen since February as investors worried over erations for BCBG Max Azria, added: “We can- Karstadt doors. consumers’ continuing move away from plastic. not wait to begin paving the new path we have This ends a year-long search to find a buyer 15 With its vivid red lacquered walls, the dreamed of for Karstadt.” for the entire 120-door Karstadt. At the end of Diane von 4,700-square-foot Ferrari showroom-store on Berggruen Holdings is based in New York Monday’s more than 10 hour meeting of the 11 Furstenberg Park Avenue is an homage to the Italian brand and with offices in Berlin, Mumbai, Istanbul and Tel member creditors committee, insolvency admin- its blend of flash, luxury and tradition. Aviv. The 26-year-old group has worldwide inter- istrator Klaus Hubert Görg said a contract would ests in real estate, renewable energy and private be signed as soon as possible. Details of the deal Classified Advertisements.................................................................................................15 investments in creative fields. were not disclosed. To e-mail reporTers and ediTors aT WWd, The address is [email protected], using The individual’s name. WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2010 FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. VOLUME 199, NO. 119. WWD (ISSN 0149–5380) is published daily (except for Saturdays, Sundays and holidays, with one additional issue in January, May, June, October and December, two additional issues in March, April, August, September and Polet Moving to Gucci’s Switzerland Offices November, and three additional issues in February) by Fairchild Fashion Group, which is a division of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Condé Nast: By Miles Socha S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. Bellando, Executive Vice President/COO; Jill Bright, Executive Vice President/Human Resources. Periodicals postage paid at New York, NY, and at additional mailing offices. Canada Post Publications Mail Agreement No. 40644503. Canadian Goods and Services Tax Registration PARIS — Gucci Group’s president and chief executive officer Robert Polet will relocate this fall to No. 886549096-RT0001. Canada Post: return undeliverable Canadian addresses to: P. O . Box 503, RPO West Beaver Cre, the luxury conglomerate’s offices in Cadempino, Switzerland, as it plans to vacate its longtime digs Rich-Hill, ON L4B 4R6 POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P. O . Box 15008, North Hollywood, CA 91615–5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: on London’s Grafton Street, WWD has learned. Please write to WWD, P. O . Box 15008, North Hollywood, CA 91615-5008, call 800-289-0273, or visit www.subnow.com/wd. Contacted late Monday, a Gucci Group spokeswoman confirmed Polet’s move, along with Alexis Please give both new and old addresses as printed on most recent label. Subscribers: If the Post Office alerts us that Babeau, the group’s chief operating officer, who will transfer this month. your magazine is undeliverable, we have no further obligation unless we receive a corrected address within one year. If during your subscription term or up to one year after the magazine becomes undeliverable, you are ever dissatisfied with Historically headquartered in Florence and Milan, Gucci set up its airy Grafton Street digs, steps your subscription, let us know. You will receive a full refund on all unmailed issues. First copy of new subscription will be away from the luxury shops of Mayfair, in 1998 during the Tom Ford era, when the-then creative mailed within four weeks after receipt of order. Address all editorial, business, and production correspondence to WOMEN’S director decided to base himself in the English capital. WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, please call 212-630-4274 or fax requests to 212-630-4280. Visit us online at www.wwd.com. To subscribe to other Fairchild magazines on the It is understood Gucci Group is now searching for a smaller space in central London, where its World Wide Web, visit www.fairchildpub.com. Occasionally, we make our subscriber list available to carefully screened human resources, legal and IT departments will continue to be based. Earlier this year, Gucci Group companies that offer products and services that we believe would interest our readers. If you do not want to receive these shuttered its corporate image division, which had been based at Grafton Street and encompassed seven offers and/or information, please advise us at P. O . Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR THE RETURN OR LOSS O F, OR FOR DAMAGE OR ANY OTHER INJURY TO, employees. Apart from a new London address, no other changes to staff or operations are expected. UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND The Cadempino offices are considered the nerve center for Gucci Group’s supply-chain and lo- TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. 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