FELINE GOOD A PIONEER FORD MODELS SHU UEMURA TEAMS FOUNDER WITH KARL LAGERFELD FOR A MAKEUP LINE EILEEN FORD INSPIRED BY HIS PET DIES AT 92. WWDMILESTONES PUIG AT 100 CHOUPETTE. PAGE 7 PAGE 3 SECTION II
SECOND-QUARTER BLUES Weary Retailers Battle Weak Demand, Traffic
By DAVID MOIN
NO, IT’S NOT Black Friday. But retailers have been discounting like Christmas WWD is coming and the price promotions are expected to take a big bite out of second-quarter profits. The slow-growing economy, inflation, heavy inven- FRIDAY, JULY 11, 2014 Q $3.00 Q WOMEN’S WEAR DAILY tories and lack of hot items on the selling floors have left retailers only slightly ahead of where they stood after a very tough first quarter. Consumers remain largely uninspired, put off by the perpetual lack of fashion innovation, and pinched by high food and gas prices. The crises in the Ukraine and Iraq only further the lethargy. While some analysts, vendors and store executives were looking for pent-up demand to drive business, that hasn’t been the case even as warm weather and price promotions mustered some mall footfall. There’s been some improvement from the first quarter — but that’s not saying much. By June it seemed everything was promotionally priced. Retailers would have preferred to be reordering or “chasing” products rather than having to clear them out to make way for fresh goods. “Traffic is really tough out there,” said Rebecca Duval, analyst at BlueFin Research Partners. “The Fourth of July was more promotional this year. It was 50 to 60 percent off. Last year it was 30 to 40 percent off.” While Duval said stepped-up promotions were driving people to the malls, she noted that high inven- tory levels are a concern for many stores. “Now 40 percent off is just like the table stakes to get shoppers to cross the lease lines,” said Craig Johnson, president of Customers Growth Partners. “Late April was OK and May was OK. But it was like a false spring with a certain amount of pent-up de- mand that really didn’t indicate a lot of underlying organic growth. The false spring started petering SEE PAGE 5 Cole Haan Expansion Takes Global Viewpoint
By MARC KARIMZADEH
NEW YORK — Cole Haan is kicking off its journey to become a global lifestyle brand. Now owned by Apax Partners, which acquired the brand from Nike Inc. in a $570 million deal last year, the American footwear, accessories and outerwear Baring It All brand is launching a multifaceted strategy to acceler- ate growth, which goes into high gear this fall. The initiatives are wide in scope, ranging from projects With Reveal, the newest Calvin Klein scent, the house is hoping to unveil a around brand ambassador Dree Hemingway, for ex- new olfactory category: a solar oriental. Due in global distribution at the ample, to innovative products and a fresh retail con- cept that sets the tone for Cole Haan worldwide. end of July and in U.S. distribution in September, Reveal could do upward The plan was masterminded by a team of execu- of $150 million at retail in its first year on counter. For more, see page 6. tives, led by chief executive officer Jack Boys, who had previously revitalized Converse as a global life- style brand in his decade there, as well as president and chief operating officer J. Michael Prince and chief marketing officer David Maddocks, both also alums of Converse. On the creative front, Walker MacWilliam, previ- ously a senior vice president for design at Coach Inc., serves as senior vice president and product creative director, while Andy Gray is vice president and brand creative director. Since the acquisition, the team has studied Cole Haan’s business and history with origins as a foot- wear company in the 1870s, though the brand was of- ficially founded in 1928. Boys called it a brand that is “classically inspired PHOTO BY THOMAS IANNACCONE with American-style sensibilities, but because of the SEE PAGE 4 2 WWD FRIDAY, JULY 11, 2014 WWD.COM
Burberry Lowers Guidance DIGITAL BRIEFING BOX FOR MORE COVERAGE, FIND US ON WWD.COM, SOCIAL AND MOBILE. price increases, while allowing a quarter of all digital sales. By MILES SOCHA that the company is monitoring “Digital continues to outper- competitors closely and “we tend form,” Fairweather said. “The U.S. PARIS — The currency grinch to be a fast follower. in particular is a market where ON INSTAGRAM has struck again. “We’re controlling what we digital punches above its weight.” can control. We won’t change our She said consumers there are Increasing headwinds from # foreign exchange rates forced key strategies, and continue to particularly “channel agnostic” 15SECONDSWITHALEXBADIA Burberry Group plc to lower its focus on the underlying strength and said its “customer service full-year profit guidance, some- of the business,” she stressed. through digital” represents a what overshadowing a 12 percent Fairweather noted travel re- strong differentiator. gain in same-store sales in its tail would be a focus going for- The company cited a double- fiscal first quarter that analysts ward, with an opening in Hong digit pace across men’s, women’s touted as a strong beat. Kong and relocation at London’s and accessories, notably large “We believe this will be the Heathrow Airport among bags in solid leathers. best soft luxury performance in Burberry’s next moves. Fairweather noted Burberry the quarter,” Barclays Equity “We see this as an opportunity recently trialed a more focused Research said, with Burberry for us,” Fairweather said, while offering of its iconic, made-in- considered the first big European declining to say how many of the Britan trenchcoats — a choice player to report revenues for the 20 to 25 stores planned for fiscal of three styles, three colors and three months ended June 30. 2015 would be in this channel. three lengths — in 30 stores, and “Burberry remains one of the it has “resonated very well with Watch #15secondswithAlexBadia: Our men’s fashion very few luxury companies to our consumers.” The company director reports on the men’s spring collections. Hear what continue to enjoy double-digit plans to roll out the merchandis- Michael Kors and Rag & Bone’s Marcus Wainwright had to revenue growth,” echoed Citi ing strategy to its entire network say about this season’s inspirations. analyst Thomas Chauvet. 12% of directly owned stores. The company recorded a 9 Burberry’s results came ahead percent jump in revenue to 370 BURBERRY’S GAIN IN SAME-STORE of the company’s annual general million pounds, or $622.5 mil- SALES IN THE FIRST QUARTER. meeting today, where it is likely to lion at average exchange rates. hear shareholder discontent over Stripping out the impact of ex- the pay package for Christopher change rates, the sales gain stood Burberry trumpeted double- Bailey, Burberry’s chief creative at 17 percent. digit growth in Asia Pacific and officer who also took on the role But it warned that if the British the Americas in the quarter. chief executive officer last May fol- pound remains as strong as it is Reflecting weaker economies lowing the exit of Angela Ahrendts, today, reported retail and whole- elsewhere on the globe, Europe, who left the company to become sale profit would be reduced by the Middle East, India and Africa head of retail at Apple Inc. about 55 million pounds, or $93.7 registered low-single-digit growth. Fairweather skirted questions million at current exchange, and Fairweather cited lower tour- about the revolt, insisting the that the adjusted operating mar- ist traffic among Russians and AGM was the proper forum. gin would fall from 17.5 percent to mainland Europeans, but no Bailey could earn up to 8.1 mil- about 16 percent. Burberry’s fiscal slowdown among Chinese, and lion pounds, or $13.8 million, per year ends on March 31, 2015. asserted that Burberry’s digital year, including a cash allowance ACHARD During a conference call, chief focus gives it a “point of differ- of 440,000 pounds, or $749,215, ac-
financial officer Carol Fairweather ence” in the market, particularly cording to the company. DELPHINE said there was little the company among young consumers. He also received a golden hello BY could do vis-à-vis exchange rates Mainland China and Hong in the form of shares worth up to ON FACEBOOK beyond hedging where it can. Kong registered double-digit 7.6 million pounds, or $12.9 mil- PHOTO “We’re a luxury brand, and we growth in the quarter, with lion. The shares packet is linked Backstage Beauty from Paris Couture Week: need to source appropriately,” Southeast Asia “more challeng- to the company’s performance. “Like” WWD on Facebook and see the looks. she said, responding to a question ing,” Fairweather noted. Bailey’s base salary is 1.1 million about possible offsets, including Burberry now offers a click- pounds, or $1.9 million, and he will changing production sites. and-collect service in 131 stores, also receive a cash bonus, share ON WWD.COM Fairweather also ruled out and iPad sales in-store represent awards and pension contributions. WWD Global Stock Tracker: Follow U.S., China Talk Currency Exchange Rates fashion’s the global economic recovery is should take the initiative to dem- highs and By KATHLEEN E. still in a critical transition point, onstrate to the world that, even lows — a MCLAUGHLIN and the Chinese government does facing negativity and potential daily update not yet believe that it can adopt a alienation in bilateral relations, of fashion BEIJING — The U.S. has pushed completely free-market-based ex- the two powers still stick to the di- stock China once again toward agree- change rate. China has credited alogue mechanism to ensure that performance cooperation and consultation de- ing in principle on adopting a its freeze on the yuan’s value at the from around more market-oriented exchange start of the economic meltdown fine the overall relationship,” the the world. rate, but with no firm details on for helping this country, and the official Xinhua new service wrote how or when that might happen. region, survive and thrive through in an editorial about the talks. In closing two days of top- turmoil. But it has retained a fairly During the opening ceremony level trade and economic talks in strict peg since, leading to renewed for the talks, Chinese President Beijing, U.S. Treasury Secretary calls from the U.S. and other trade Xi Jinping urged cooperation, Jacob Lew said China had pledged partners that an unnaturally fixed but did not get into specifics. to further ease its firm controls on currency provides China with an “China and the United States’ FOLLOW US ON SOCIAL MEDIA its currency — long a thorn in the unfair trade advantage. interests are deeply intercon- @ WWD.com/social U.S.-China trade relationship. This round of talks, the sixth nected. Cooperation will lead to “China is making preparations such yearly meetings, comes at a win-win results while confronta- TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS [email protected], USING THE INDIVIDUAL’S NAME. to adopt greater transparency in- time when U.S.-China relations tion will hurt both,” he said. 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obituary Ford Models said Thursday, “Eileen Ford was an industry icon and pioneer, and everyone in the Ford Models family will miss her dearly. Eileen’s contributions to the modeling and fashion industries are unmatched. She founded Ford Models 68 Eileen Ford, 92 years ago and, due to her unwavering pas- everybody is what made her so wonder- sion, curiosity and drive, grew Ford into By Rosemary Feitelberg ful,” Brinkley said. “She knew the busi- one of the world’s most prestigious agen- ness and she made the business.” cies. We are incredibly proud and grateful MORE THAN a modeling agency pioneer, In a 2010 interview with WWD, Ford for her revolutionary spirit and the values Eileen Ford, who died Wednesday at the age mentioned how more than 100 of her for- she instilled in Ford Models.” of 92, helped introduce a Who’s Who of beau- mer models had contacted her on a birth- With an Irving Penn photograph of 10 ties to the American cultural landscape. day. “Their lives were very important to statuesque models hanging above her The cause of Ford’s death and location me. It wasn’t just a business. Our busi- desk at work, Ford often dressed in a had not yet been confirmed Thursday. ness was built on trust. They trusted us pencil skirt and shirt with a sweater ca- In 1946, Ford revolutionized the mod- and we loved them,” she said. sually tied across her shoulders, and she
eling business by starting an agency with Being a modeling agent was an avoca- rchive made it known that her models should A her husband, Jerry, in their Manhattan tion, not a job for Ford, who first spied always look pulled together. Along the apartment. Their aim was to maximize Vendela in a Stockholm restaurant and way, Ford penned five books about beau- models’ bookings and manage the profes- Estée Lauder’s first big face Karen Graham ty. She and her husband delved into urner/WWD
sional lives of their clients. Over the near- at Bonwit Teller, according to Ford’s daugh- T cosmetics with Eileen Ford Makeup for
ly seven decades she ran Ford Models, ter Katie. “Her greatest thrill was to spot a d Models, which was later sold. While she
the straight-talking Ford steered Twiggy, model in the daily course of life, one that Davi was not known to mince words, she ap-
Lauren Hutton, Cheryl Tiegs, Christie was not introduced to her. She would often by peared teary in the HBO special “About Eileen Ford in 1993. Brinkley, Christy Turlington Burns and spot a girl she thought could model and Face,” when she said, “I’ve read from other top-tier models into superstardom. follow her for a few blocks, assessing her Photo time to time that I’m cruel, that I turn With each generation, she ushered in a first appraisal throughout her surreptitious joined in the endeavor. Early on, they down models. If I did say no, it’s the best new cast of beautiful faces. In the Forties chase,” the younger Ford said. sold their car to buy office furniture, and thing I could do,” explaining that telling and Fifties, it was Dovima, Jean Patchett, After the Fords moved to an Upper in 1948 Life magazine featured them in a short model that she could get work Suzy Parker, Tippi Hedren and Monique East Side brownstone in 1955, they start- an article pegging their gross billing at would be dishonest. (She also was known Chevalier. By the Sixties, the standouts ed inviting new models to live with them $250,000 after just one year in business. to stand up for her clients’ best interests, were Jane Fonda, Candice Bergen, Ali in the summer to help them adjust to city In 1995, Ford passed the torch to her daughter Katie said Thursday.) MacGraw, Penelope Tree, Grace Jones, life. An avid entertainer, Ford was sure to her daughter Katie, who took over the As the modeling business edged into Veruschka and Martha Stewart. And the put the up-and-comers to work in the fam- company as chief executive officer. The celebrityhood, Ford said, “It’s very bad three decades that followed brought a new ily’s house and garden. On weekends, they younger Ford held that role until Ford for the model business. It didn’t surprise wave of talent, including Kim Basinger, often traveled with the family to their Models was sold to Stone Tower Equity me — it troubled me. I felt very sorry for Beverly Johnson, Naomi Campbell and summer house in Quogue. Photographers, Partners in 2007. More than three years them because covers count for the model. Elle MacPherson, among others. stylists and editors routinely joined the after the fact, Ford told WWD, “We’re not On the other hand, my idol was Katharine In an interview Thursday, Brinkley gang for lunches and dinners. Katie Ford going to live forever. We know that. And Hepburn. I loved the way she looked, the recalled first connecting with Ford recalled how director Dick Richards we gave it to the children. I don’t think way she dressed — everything about her.” through photographers Mike Reinhardt reminisced about his young days as a pho- you can give a business to a child and say Through it all, Ford considered her and Patrick Demarchelier. In the late tographer: “When Eileen invited me for it’s yours and then tell them what to do. marriage to be her greatest success. Seventies, they phoned Ford from Paris, the weekend, she asked me to paint my My daughter sold the agency and she’s (Jerry Ford died in 2008.) She told WWD, where Brinkley was living at the time, and bedroom…had she asked, I’d have gladly devoted her life to prevent human traf- “Jerry and I worked together and then urged her to see the young talent. Soon painted the whole house.” ficking. I’m so proud of her.” we’d go home to see our children. We after, Brinkley planned to visit her par- A former model herself, the New York Ford’s tips to up-and-comers extend- were married two months short of 64 ents in Palm Springs, Calif., and Ford in- City-born Ford spent two of her Barnard ed to their elders: “My advice is to their years. And Jerry’s two-and-a-half years vited the striking blonde to visit the Fords’ College summers learning the ropes. In parents. Let your children know that you younger than I. I’m an original cougar.” home there. “I met with her and showed 1944, she and her midshipman husband believe in them. That’s true about being Not one for words to live by, Ford said, her the few photos I had. She said, ‘I eloped before he was sent to the South a successful model agent, too. The model “I live day to day, and so far it’s worked don’t like these at all. But you are great.’” Pacific for two years. During that time, has to know that you believe in her. And out. I’m really lucky. That’s a good song, Brinkley said. “Eileen said, ‘Those photos Ford worked a series of different jobs, gosh knows we did.” ‘Lucky to Be Me.’ I am lucky to be me. are awful, but we will change all that.’” such as secretary for lensman Elliot Turlington Burns said Thursday, “I It isn’t that I’ve wound up the richest While Ford’s management style was Clark, a stylist at Arnold Constable de- was fortunate to have worked in the in- woman in the world. I’m not the poorest like “a stern mother,” Brinkley said she partment store, a copywriter and a Tobe dustry at a time when legends like Eileen woman in the world, but I certainly think was “really just a sweetheart” who knew Report fashion writer. While helping a Ford were still reigning. Being a part of I’m one of the happiest — and luckiest.” everyone in her agency, as well as what few model friends with their bookings, the Ford Agency when I began my career In addition to her daughter Katie, was going on in their lives, what their Ford decided their agencies were less was truly special. I will always remem- Ford is survived by three other children, strengths were and what they would than honest. Her husband soon recog- ber Eileen and her indomitable presence Jamie, Billy and Lacey, as well as her excel at. “That personal connection to nized the viability of her business and with fondness and gratitude.” brother, William Otte.
Prada exclusively for the film. Other industry examples in Italy in- Milan Film Festival to Run With Fashion Week clude Giorgio Armani, a veteran, having worked with Martin Scorsese since 1987, or in communications and public relations, presses itself, and we are happy to be part partnering with “I Am Love” director Luca By Luisa Zargani as a founder of CavalliComunicacion in of a project that brings visibility to the rest Guadagnino, who has over the years also Mexico; her passion for fashion, as a fash- in the world,” explained Reeve. “Fashion worked with Fendi, Cartier, Louis Vuitton MILAN — As part of its ongoing rejuve- ion editor of Fashion Week Mexico, and is a combination of many different stimuli and Pomellato. Versace and Ermenegildo nation and internationalization, Milan that for cinema, as a cofounder of the first and it constantly intersects different in- Zegna turned to director James Lima for Fashion Week in September will be book- Latin American movie festival and the dustries, from furniture to food. All these their own shorts. “A film tells the soul of a ended by the first Fashion Film Festival first Argentinian film festival in Mexico. impulses redefine fashion.” brand,” said Cavalli Etro. Milano, a new talent search, the brain- Marrying Kean Etro, men’s wear creative The organization has already received The films can be submitted until child of Constanza Cavalli Etro. director of the family brand, she moved to 150 videos from around the world, and 70 Tuesday at fffmilano.com and will be The festival, running Sept. 14 and 15, Italy in 2006. “I had been mulling the idea of films from designer brands. Cavalli Etro viewed by an international jury that is will also hold an exhibition of fashion short a fashion film festival for a while and when said she views this as a “democratic” proj- still being confirmed. No backstage videos videos by established designer brands. Jane joined the Camera, I felt the time had ect as it is free and open to all, the only or films from the shows will be accepted. Partnering with the Italian Chamber of come for the project to finally take shape,” requisite being that the films should not be Categories include best fashion film, best Fashion, the films will be visible through- said Cavalli Etro, enthusiastically mapping older than three years. She also believes director and best script, among others. out fashion week in Milan, running Sept. 17 out the development of the project, noting that big designer names will help have Slated to run as an annual event, the to 22. The festival’s closing event will take her kinship to Reeve, who hails from mar- pulling power. “It will be the same window festival will take place at Milan’s iconic place on Sept. 22 at the Triennale museum keting, communication and advertising. for all, but big helps small,” she said. Teatro Grassi, cofounded by famed direc- with a cocktail party for about 300 guests Reeve, who started in her new role at To be sure, several designers have tor Giorgio Strehler, but it could also travel with screenings paying tribute to visionar- the association in January, was immedi- recently been developing movies as a to other cities and, in the future, be ex- ies in fashion filmmaking. ately taken by Cavalli Etro’s proposal of a marketing tool and creative release, tended in time. “Teatro Grassi is the home “I felt it was appropriate to create partnership and said that the Chamber’s projecting their vision and style through of contemporary theater at an interna- an event that puts together fashion and board and members were unanimously storytelling and beyond the stillness of tional level, and an intellectual icon,” said movies, a moment of open congregation on board. “The festival responds to my ob- photos. To wit, Prada has been produc- Cavalli Etro. “This is the first fashion event targeting young creative talents, bringing jectives to open up Milan’s fashion week, ing high-level films since 2005’s short that the theater hosts,” she added proudly. them into the world of fashion, flanked to make it more international and to sup- “Thunder Perfect Mind” by Ridley and Designed by Barnaba Fornasetti, the by the work of big brands at the same port young creative talents,” said the U.K.- Jordan Scott, about Amber, its first wom- awards will be bestowed during a ceremo- time,” Cavalli Etro said during an exclu- born Reeve, joking about the Argentinian- en’s fragrance, showing at the Berlin ny on Sept. 15, followed by a cocktail party sive interview with Jane Reeve, chief ex- British alliance to boost the Italian fashion Film Festival that year. In 2012, the at the theater’s Renaissance cloister. ecutive officer of the Camera Nazionale week. “This is a new way to communicate Italian luxury firm worked with Roman There will also be a Fashion Gives a della Moda at the association’s headquar- and explore new aesthetic codes, narra- Polanski, who directed a short movie, Hand section, dedicated to social proj- ters here. “Fashion week has been some- tive and style. The Camera is increasingly titled “A Therapy,” premiered at the ects in Ecuador and Bolivia, for example. what distant from young people.” more attentive to the enhancement of the Cannes Film Festival and starring Ben “In a world where the digital image is With this project, the Buenos Aires- existing connection between fashion and Kingsley and Helena Bonham Carter, increasingly important, fashion films re- born Cavalli Etro blends her background the different languages with which it ex- wearing costumes designed by Miuccia flect our times,” concluded Reeve.
w11a003a;6.indd 3 7/10/14 7:31 PM 07102014193145 4 WWD FRIDAY, JULY 11, 2014 Cole Haan Looks to Accelerate Growth
{Continued from page one} Cole Haan’s brand ambassador Dree The new Cole Haan store DNA of the brand, it has also been able Hemingway is in the fall campaign. in Tokyo’s Ginza district. to expand beyond that. It’s a multigen- erational base with a global application.” Maddocks added, “It’s a history we honor. As we look forward, to 2015, 2016 and 2017, we see our role here at the company as stewards of that heritage, and the most important thing is to con- tinue to expose that to new audiences. We see this collision of tradition with mo- dernity, and in that tension, there is a lot of opportunity to discover things about the brand.” Under Nike, the brand has gone through several reinventions over the years, but always struggled to build on momentum, which the new parent hopes to correct. Enter the new store concept, unveiled in Tokyo’s Ginza district last month. At 2,000 square feet, it’s the company’s first freestanding store in Japan, which Boys called “the new face of Cole Haan in its The new retail stores and will be the basis for our ZeroGrand expansion into China, Korea and the rest shoe. of the Asia-Pacific region.”
Mixing modern with traditional el- ements, New York architectural firm Anderson Architects, in partnership In handbags, the with local architects Garde Co. Ltd. and Vestry collection Cole Haan’s Gray, created an Art Deco- and Felicity inspired environment marked by an in- backpack are digo tile that is used on the facade, for new for fall. example, as well as the layout of rooms that give the space a residential feel. It offers footwear, small leather goods, outerwear, sunglasses and partnering with the New York City Ballet, jewelry, as well as several new wom- and signed on three of its principal danc- en’s handbag styles, including the ers — Sara Mearns,’’ Megan Fairchild and Vestry collection and Felicity back- Gretchen Smith — for a special project. pack. The concept nods to the com- “We thought, ‘Here are three young pany’s history, but through a more women who really work for what they be- contemporary lens than previous lieve in,” Maddocks said. “That convic- Cole Haan retail iterations. tion, in terms of values, aligns so well While Cole Haan has had glob- with the brand, so we started to work al wholesale distribution before, on product creation with them.” the Ginza unit kicks off a global Ballet-inspired product in footwear retail rollout. and eventually casual accessories are “We will be in markets in a expected to launch starting in October. meaningful way that we have never been before — China, South Korea, Mexico, Southeast Asia, the Middle East, South America,” Prince said, pointing to We see our role here Ginza as the model for future openings. “We will roll that out in Shanghai, Seoul, at the company as stewards of that heritage, and the most important thing is to continue to expose that to new audiences. — DAVID MADDOCKS, COLE HAAN
The store concept, seen here at the Ginza unit, will inform future Cole Haan stores. Elsewhere, Cole Haan is stepping up its technological innovation, for which Women’s footwear is a key category at Cole Haan. the brand is known, via the men’s Pinch LTE and Grant LTE shoe styles. The Mexico City, Santiago, Lima, New York bution model, though the company made serves as global brand ambassador, was Grant LTE drivers style features an ergo- and San Francisco. some instrumental changes to merch for photographed by Glen Luchford in Sun nomically designed rubber island driver “If you look at the opportunities, fall, which the revamped colehaan.com Valley, Idaho, her hometown. The im- outsole, while the Pinch LTE, a sneaker- Japan is our second-largest market,” Web site also reflects. ages feature the tag line “History Begins meets-loafer design, has a vulcanized Prince added. “China could be our sec- “The men’s business was fairly robust Here,” making that point of past meeting rubber outsole with a Cole Haan weave- ond-largest market in the next three to and had strength and momentum, and the the present. The ads capture a distinctly inspired pattern. ’’ five years. That’s the kind of white space women’s product line was a little bit more Americana vibe, with open roads, rural This week, the company also intro- we have in front of us, with stores, with challenged, so we wanted to course-cor- streets and horses. Hemingway’s multi- duced the ZeroGrand style, an engi- opportunities online and with wholesale rect that with the footwear, handbag and year partnership will also evolve into a neered Oxford brogue that weighs less partners. We will also keep adding cat- accessories collections,” he added. codesigned collection of women’s foot- than 290 grams, and features increased egories. We are looking at fragrance op- For fall, 60 percent of product is new wear and handbags for fall 2015. cushioning and notable flexibility. portunities, jewelry, watches and I can for men, and 70 percent for women’s, the “If you can imagine and manifest in a Products like these are likely to con- see us getting into apparel at some point. latter representing “a complete reset of young woman someone who had a com- tribute to the executives’ projections to If you are going to walk into our store footwear, and handbags, and women’s ac- plete alignment with Cole Haan, you transform Cole Haan into a “multibil- and buy our footwear, we want to sell you cessories, with Dree Hemingway as the would dream up Dree Hemingway,” said lion-dollar” business. “Today, Cole Haan other things as well.” face of our campaign,” according to Boys. Maddocks, pointing to her legacy as well has revenue in excess of $600 million, In the short term, the plan is to open “We will move all the core parts of Cole as her independent spirit as values that which is a combination of company re- 100 global locations worldwide a year. Haan forward and address the women’s align with Cole Haan. tail, wholesale and licensing,” Boys said. Boys added that with the retail rollout, business first.” Hemingway’s is not the only collabo- “Globally, our retail footprint is $850 there are no plans to change the distri- For the campaign, Hemingway, who ration in the works. Cole Haan is also [million] to $900 million.” WWD FRIDAY, JULY 11, 2014 5 WWD.COM Promotions Seen Hurting Q2 Net
{Continued from page one} “Teen spending is considered a proxy of discre- out the second week of June. Retailers have got tionary spending,” said Jharonne Martis, analyst to clear summer and spring inventory because at Thomson Reuters, “and the improvement in back-to-school receipts are coming in and real that group might suggest that consumers are start- fall isn’t that far behind.” ing to feel better about extending themselves.” RetailNext’s analysis of more than 19 million However, Shannon Greene, chief financial of- shopping trips to brick-and-mortar stores in the ficer of Tandy Leather Factory Inc., appeared re- U.S. last month revealed a 5.8 percent decline lieved as his firm reported increases in all three ACHIEVER in sales, slightly steeper than May’s 5.7 percent of its business segments for the quarter. dip but smaller than the double-digit decreases “The economic environment is tough right now registered in February and March. While traffic for many retailers and for those of us who are sell- AWArDS was down 10.8 percent and transactions were off ing nonessentials, it’s even tougher.” 12 percent, conversion dropped just 0.1 percent. Generally, drugstores, wholesale clubs, food Average transaction value rose 7.6 percent and staples, luxury products, outlets and Web sites are sales per shopper increased 5.5 percent, the best performing satisfactorily. marks so far this fiscal year. Gap Inc. said its comparable sales slid 2 per- The increase in sales per shopper offered cent, surprising analysts who, on average, were some encouragement, especially since the num- expecting the San Francisco-based apparel re- ber has been improving since seeing a 4.2 percent tailer to post a 0.7 percent increase for the month, decline in March. according to Thomson Reuters. By brand, Gap and HoNorINg The best levels for all the metrics captured by Banana Republic both comped down 7 percent, RetailNext occurred in the days just prior to and while Old Navy saw a 7 percent rise. including Father’s Day. Jennifer Black of Jennifer Black & Associates “Improvements in employment have been said in a report that Fourth of July-themed countered by higher gas prices and some infla- merchandise at American Eagle Outfitters and Leonard Lauder tion,” said Bennett Gross, partner at Callydus Banana Republic’s casual summer dresses and Group LLC, which specializes in expense reduc- skirts and Hampton pants were hits. But at the Te Estée Lauder Companies, Inc. tion at retailers and other businesses. “In ad- Gap brand, clearance levels were high, Black re- dition, there’s the psychological impact of the ported, with women’s merchandise “just not reso- LIFETIME ACHIEVEMENT AWArD constant drumbeat out of Washington. When the nating” while Gap activewear is performing well. government is viewed as in- Old Navy, she noted, had a capable of functioning on solid month, with “the fash- issues from the economy, to ion component on trend and foreign policy, to immigra- the prices very compelling.” tion, the horizon looks bleak, Comparable Overall, the sportswear Laura Geller, Laura Geller Beauty and people just don’t spend.” market is flat at best, while The chief executive of- Sales for June denim, particularly the core ficer of a national women’s replenishment component, specialty chain said, “Maybe % Change and jewelry are among the Alli Webb, Drybar there will be a bump in weaker categories. As Chip sales for the second quarter, Old Navy 7 Bergh, president and ceo of but it’s not happening with ...... Levi Strauss & Co., which Jane Wurwand, Dermalogica profits. April, May and June Costco * 6 reported a 76.2 percent de- were better than January, ...... cline in profits for the quar- February and March, but Zumiez 3.1 ter ended May 25, said, “on- ...... not to the point where you going traffic declines and an Wende Zomnir, Urban Decay thought you could make up Cato 3 increasingly promotional en- ...... the difference.” vironment continue to pres- Many see a general slug- Victoria’s Secret 3 sure our Americas region.” ...... gishness on the part of the Planalytics said apparel Sissel Tolaas, Re_searchLab shoppers. Stein Mart 2.6 was “relatively flat” in June ...... grEAT IDEA For FrAgrANCE INNoVATIoN “I don’t see a vibrant con- compared with a year ago, Bath & Body Works 1 sumer. Consumers are just not ...... though there were some excited to get out and shop,” small positives regionally. Buckle 0.7 said one former retail ceo...... For example, women’s capri “There’s not a lot of energy pants were up 1 percent for Gap -7 out there, but at the same time ...... the month around the Great it’s our duty to create energy,” Lakes regions and T-shirts added Steve Siegler, presi- Banana Republic -7 rose 1 percent in the Gulf re- ReseRve a table dent and ceo of J. McLaughlin. gion, said Planalytics, which Siegler said “emotional prod- SOURCE: COMPANY REPORTS provides weather forecast- * Excludes fuel sales. th ucts,” meaning those that are ing to help retailers in their by august 4 different and innovative, are planning. The firm noted selling, such as items in the that the recent weather has brand’s signature Catalina cloth. been spurring seasonal apparel, such as swim- “People got started later [buying] on warmer- wear and rainwear. Receive a FREE journal page weather clothes. We feel it at our resort stores. It A year ago, the second quarter was marked by opened up later but it’s opened up,” said Siegler. high inventories amid tepid sales. Most companies “Business continues to steadily improve,” missed analysts’ estimates and revised forecasts for NeW: said William Taubman, chief operating officer of the second half downward. This year, the prevailing Taubman Centers Inc. “The first quarter was tough view is for an uptick in the second half. “Retailers and was more the aberration than the norm.” are up against a weak Q4 from last year and there Special tribute section Asked about perceptions that mall traffic is is a slow modest economic comeback happening,” declining, Taubman said, “There is no question said Johnson, at Customers Growth Partners. the customer is researching online, leading to the A research note from Adrienne Tennant at honoring Mr. Lauder elimination of the marginal trip. They might go Janney suggested that merchants are managing well to four stores instead of six because they have al- enough amid the challenges. “Retailers are working ready looked online to see what’s available. That’s through excess spring season inventory and have Journal-only options available leading to the perception of less traffic.” already guided for associated margin pressure; as Other retail sources agreed business is not all such, we believe most retailers are ‘on-to-above’ bad, citing stronger categories such as activewear, their initial 2Q14 plans. We continue to believe that dresses, swim, shoes, accessories, rompers, jump- inventory levels (along with promotional levels) are suits, kimonos, soft flowy woven and knit bottoms, sequentially improving from fall 2013 and expect maxi and wrap-body skirts, handbags, and items them to continue to improve in fall 2014.” with feminine details, particularly lace and crochet. BlueFin Research’s Duval said: “People are Friday, OctOber 17, 2014 And there are retailers that are seen doing doing the right thing by trying to get rid of the in- well, including Nordstrom, Macy’s, Victoria’s ventory. We did see a decline in order size year- WaldOrF=astOria | Nyc Secret, Williams-Sonoma, Crate & Barrel, Tory over-year going into Q3, a more conservative ap- Burch, Michael Kors, Steve Madden and Costco. proach as we go into the back half of the year, Thursday’s comp-store sales releases didn’t clear but retailers have to give [consumers] something up the picture. Victoria’s Secret comp sales gained completely new and different — a compelling rea- 3 percent, though Bath & Body Works, which like VS son to buy. Gone are the days when you could take is a division of L Brands Inc., rose just 1 percent. the bestseller and tweak it and expect to have the Learn More & register The two teen retailers, The Buckle Inc. and same sell-through [in the next season]. People Zumiez, both reported better-than-anticipated might be too optimistic about the second half. comps. Buckle, expected to decline 0.6 percent, We’re probably going to see a slow start to Q3.” was instead 0.7 percent ahead, and Zumiez, expect- — WITH CONTRIBUTIONS FROM CEW.org ed to grow just 1.8 percent, moved up 3.1 percent. ARNOLD J. KARR 6 WWD FRIDAY, JULY 11, 2014 beauty Calvin’s New Reveal Philosophy’s Reason to Boost Skin Care COTY’S PHILOSOPHY BRAND is turning a page. dant powers and is excellent at combating free The print campaign was shot Philosophy is emphasizing its skin-care roots radical oxidation,” said Scalamandre. “Coty’s By JULIE NAUGHTON by Mert Alas and Marcus Piggott while creating a new charity devoted to well-being. exclusive strain of brown algae was selected and features Dutch supermodel “Philosophy combines science and inspira- for its unique ability to follow and interrupt the GIVEN CALVIN KLEIN’S pen- Doutzen Kroes and British actor tion, empowering beauty from the inside out,” complete pathway of melanin formation from chant for pushing the envelope, Charlie Hunnam in a heated said Jill Scalamandre, chief marketing officer the very first signals initiated by UV exposure or it’s not surprising that the house’s embrace beside the window of of the skin-care division of Coty Inc. Quoting damage to skin.” newest scent is called Reveal. a modern, glass high-rise apart- from the brand’s new manifesto, she contin- The products will be available in August at “It’s a great name that is ment. As the sun sets behind ued, “We encourage conversation, we embrace philosophy.com and in September in the brand’s linked to roots of Calvin Klein,” a dusky skyline, the city is re- generosity, we inspire beautiful skin as well as full distribution, about 1,800 department and spe- said Steve Mormoris, Coty’s chief flected in the window, suggest- beautiful days, so you can feel confident that cialty store doors in the U.S. While Scalamandre marketing officer for fragrance, ing a voyeuristic glimpse at a everything is possible.” declined to discuss sales projections, industry noting that the brand has been sexy game of seduction. The ad While the brand is known for emblazoning its sources estimated the duo could do upward of for decades willing to be contro- will begin running in September philosophies on all of its products, Scalamandre $10 million at retail in its first year on counter. versial with its positioning — to fashion, beauty and lifestyle pointed out that Philosophy was originally a Next week, the brand will unveil its charity reveal what other brands might books in the U.S., in addition to spin-off of Biomedic, founder Cristina Carlino’s arm, the Hope & Grace Initiative. Philosophy shy away from. “With first company. Biomedic, which Carlino sold to will dedicate 1 percent of all sales to commu- this scent, we are cel- L’Oréal in 2001, is widely credited with creating nity-based organizations working to empower ebrating the heritage the “lunchtime peel,” and when Carlino found- women through the promotion and treatment of of the brand and add- ed Philosophy, she kept peels as the core of the mental health. The program will be launched ing an element of ar- brand’s skin-care sales. When Coty acquired next week on philosophy.com. Beginning in chitectural boldness Philosophy in 2010, it continued that skin-care em- January, 1 percent of all sales will be devoted with the bottle.” phasis, said Scalamandre. “Peels are still at the to the cause. Scalamandre noted that within The scent, which heart of our line,” said Scalamandre. Scalamandre five years, the Hope & Grace Initiative is pro- Mormoris described noted that 58 percent of jected to donate more than $10 million. The as a “solar oriental Philosophy’s sales are done in charity takes its name from Philosophy’s with a very luminous skin care. Fragrance accounts for two best-selling products, Hope in a heart,” was concoct- 27 percent, she added, with the Jar moisturizer and Amazing Grace ed by International remainder done in bath and body fragrance. Philosophy will annually Flavors & Fragrances and miscellaneous products. give multiple grants of $25,000 to and has top notes of No Reason to Hide, the support hundreds of qualified or- raw salt signature, The Reveal ad. brand’s newest skin-care offer- ganizations around the world, said pink pepper, white pepper and a comprehensive social media ing, is a product duo intended to Scalamandre. black pepper; a heart of orris, and digital campaign. treat a variety of skin imperfec- “More than any other issue, ambergris and solar accord, and Kroes, who has been doing tions, including blotchiness, dark- mental well-being is directly a drydown of sandalwood, cash- Calvin Klein campaigns for ened and enlarged pores, rough connected to the spirit of the meran and vetiver. more than a decade, had a re- texture, redness, dark spots and Philosophy brand,” she said, Eaux de parfum sprays in veal of her own when she was acne scars. “We believe it’s the pointing out that the brand’s three sizes — 1 oz. for $50, 1.7 oz. offered the fragrance cam- first all-in-one solution proven to packaging has always carried up- for $70 and 3.4 oz. for $90 — will paign: she’d just learned she treat skin imperfections from any lifting messages. “In addition,” be offered, as will a 6.7-oz. body was pregnant with her second source,” said Scalamandre. No she said, “Philosophy becomes lotion, $38; a 6.7-oz. shower gel, child. “The name Reveal was Reason to Hide Multi-Imperfection the first global skin-care and fra- $30, and a 0.3-oz. rollerball, $24. very interesting, since I had Transforming Serum, $68 for 1 oz., grance brand to make a brand- The bottle features two triangu- to reveal something,” she said is a daily treatment designed to wide commitment to dedicate lar-shaped pieces — a silver-tone with a laugh. The ad was shot in be applied under moisturizer or at least 1 percent of all sales for the cap, the other heavy glass January, when Kroes was about foundation. No Reason to Hide toward philanthropic efforts — containing the juice — that form a three months along, she said. Skin-tone Perfecting Moisturizer, with no product restrictions.” pillowy square when put together. She’s scheduled to give birth to $45 for 1 oz., is an instant skin- The first grant is being given Reveal Calvin Klein will a baby girl later this month. tone perfecting moisturizer, said to Bring Change 2 Mind, a na- launch in September in the U.S., Coty declined to discuss sales Scalamandre. She noted that the tional antistigma organization in 4,291 department and specialty projections, but industry sources duo is designed to “prevent further cofounded by actress Glenn store doors. It will begin rolling estimated that the scent could do imperfections from appearing.” Close with the mission to raise into global doors — 130 markets upward of $150 million at retail The key ingredient in both prod- awareness and work to end the in total — at the end of this month. globally in its first year on counter. ucts is brown algae. “In general, stigma and discrimination sur- brown algae contains superantioxi- The No Reason to Hide duo. rounding mental illness. — J.N. More Sparkle for Yellow Diamond MILAN — Versace and Euroitalia Euroitalia president Giovanni Diesel to Launch Only the Brave Wild are introducing a new sparkler: Sgariboldi said the original Versace Yellow Diamond Intense, fragrance’s success had paved come “junglified” as trees sprout up. Directed by a highly concentrated eau de the way for Yellow Diamond By JENNIFER WEIL Edouard Salier, the spots coming in numerous parfum that picks up where its Intense. “[The edt] made a lot lengths mix real and digital images. Woodkid’s 2011 eau de toilette predecessor, of customers loyal to the brand, PARIS — Diesel’s fragrance franchise is show- score plays as an accompaniment. Versace Yellow Diamond, left off. which certainly gave us the ing a new facet with the Only the Brave Wild Salier and André Chemetoff photographed The scent will retain the ad- satisfaction and enthusiasm to men’s scent, due out next week. the print visual featuring the three Only the vertising campaign of the origi- take on this new project,” he It’s the third installment in the collection, Brave scents and their faces. nal edt, shot by Mario said, noting that cen- which launched in 2009 and ranks 10th among Wild’s juice, created by Givaudan perfumers Testino and featur- tral Europe and men’s scents in Europe, according to Nathalie Antoine and Shyamala Maisondieu and Michel ing model Abbey Asia had been Duran, international general manager of de- Girard, is a fougère built around exotic Lee Kershaw, but key regions for signer fragrance brands at L’Oréal. raw materials like citronella. Its essenc- will feature new Yellow Diamond. Each version, Original, The Only the es include grapefruit, black pepper and external packag- With distri- Tattoo and now Wild, is meant Brave Wild nutmeg, while there are accords of ge- ing, with a deep blue bution slated for to show a different side of fragrance. ranium and coconut. box covered in wild 15,000 doors world- bravery and aspect of man. The fragrance will launch exclu- gold swirls. Perfumer wide, Versace “Wild is more about a sen- sively in France’s Nocibé perfum- Alberto Morillas of Yellow Diamond sitivity to the world as it is ery chain on Tuesday, followed Firmenich opted for Intense will mirror now and the will and the by Aug. 4 elsewhere in France, top notes of Diamante the positioning and wish of the young genera- Aug. 18 in the U.K. and early citron, pear sorbet, rollout plan of the tion to reshape [it],” said September in the rest of Europe. neroli and bergamot; original juice, kick- Duran, adding that doesn’t Wild is to be introduced in the a heart of freesia, or- ing off in Italy this mean having to choose be- Americas, save for the U.S. and ange blossom, jasmine Versace Yellow July before reaching tween the urban and natural Canada, in November. and osmanthus, and a Diamond Intense the rest of Europe and realms “but to mix them, to In France, the eau de toilette drydown of benzoin, amber wood, the U.S. in September and the make them more human. And will come in 35-, 50-, 75- and 125- Palo Santo and musk. Far East by 2015. that requires numerous fights. ml. bottles that respectively sell Versace creative director Sgariboldi did not disclose “It’s the message of not be- for 44.90, 50.50, 60.50 and 73.90 Donatella Versace’s love of yel- estimates, but industry sources coming someone else but staying euros, or $61.10, $68.70, $82.30 and low diamonds informed the said the new edp could rake in wild and not giving [up] your…appetite for $100.55 at current exchange. bottle design, which features a 50 million euros, or about $68 space, nature and harmony,” she added. While L’Oréal executives would not discuss multifaceted gemstone cap over million at current exchange, in The message comes through in the film ad- projections, industry sources estimate Wild will a clear glass base that reveals retail sales in its first year on vertisement showing model Willy Cartier run- generate 40 million euros, or $54.4 million, in the highly saturated juice. the shelf. — CYNTHIA MARTENS ning barefoot through urban landscapes that be- first-year retail revenues worldwide. WWD FRIDAY, JULY 11, 2014 7 WWD.COM Karl Lagerfeld photographing Choupette, shown at right as Shupette in a sketch Elana Drell-Szyfer Named by the designer. CEO at Laura Geller Beauty
By JAYME CYK Elana Drell-Szyfer
ELANA DRELL-SZYFER is headed back to beauty. “I’ve been in beauty for 21 years,” said Drell-Szyfer, “and when it’s in your blood, you can’t get it out.” The former executive vice president of global brand strategy at Kenneth Cole has been tapped as chief executive officer of Laura Geller Beauty. In addition, she will also become an operating ad- viser to Tengram Capital Partners for the beauty industry. At Laura Geller, which she to the consumer from a story- Lagerfeld’s Feline Color Touch joined on June 30, Drell-Szyfer is telling point of view needs to be continuing to expand the brand’s updated and evolved.” the Shu Uemura campaign. presence in retail domestically In terms of the logo, the text By MILES SOCHA Model Baptiste Giabiconi gave Choupette and internationally. She will also will be more open, while the to Lagerfeld to watch over during Christmas in continue the re-branding initia- signature red lip is now plump- PARIS — Feline eyes and a pale complex- 2011 and the designer refused to give her back. tive that the Laura Geller team er in a hot pink shade called ion are definitely in. Just ask Choupette, Karl “I thought she was too cute. She is like a kept has been working on for the last Happiful, a color that will be Lagerfeld’s famous, snow-white Siamese cat, woman. She has a strong personality. She has 18 months. added to various products in cur- who is to front a holiday makeup collection for lunch and dinner with me on the table, with her At Tengram Capital Partners rent and upcoming collections. Japanese brand Shu Uemura, WWD has learned. own food,” he said in a 2012 interview. “She even LLC, whose beauty portfolio in- Also, categories on packaging Billing it as the first tie-up between a beau- knows how to use an iPad.” cludes Laura Geller Beauty, Nest like Spackle and Baked will be ty name and a house pet, Shu Fragrances and Devacurl, Drell- called out in a larger font. Uemura is to unveil the range Szyfer is on a mission to help grow For the launch, Laura Geller in the fall under the Shupette the beauty business by recruiting Beauty will introduce its look with by Karl Lagerfeld for Shu executive talent and fine-tuning social media, extensive education Uemura label. strategy. Richard Gersten, part- for in-store employees, merchan- This marks a return engage- ner at Tengram, said the company dising and carton visuals. ment for Lagerfeld, who did a hopes to tap into Drell-Szyfer’s ex- To that end, Laura Geller 17-stockkeeping-unit line for pertise “to think through and en- launched at 55 retail locations of holiday retailing in 2012 that hance our presence in an industry Beauty Brands in February and shipped to some 400 doors that’s very important to us.” is in all 700 Ulta doors where the under the Karl Lagerfeld for Drell-Szyfer is already put- brand’s counter space has been Shu Uemura label. That range ting her knowledge to work. In expanded from three to six feet. was based on a cartoon spokes- October the company will begin Drell-Szyfer would not discuss model he dreamed up called to roll out packaging with a new sales projections, but industry Mon Shu, with red eyes, a jet- logo and visuals. sources estimate Laura Geller black bob and a wardrobe simi- “The story will stay the same Beauty’s re-branded line of 400 lar to the designer’s. A makeup artist and the core will stay the same,” stockkeeping units will gener- Press materials suggest the works on dramatic eyes said Drell-Szyfer. “But the way ate $80 million to $100 million in Shupette range is likely to in- with furry eyelashes. we reach out and open our arms first-year retail sales globally. clude furry false eyelashes, and includes a quote from the cat, calling herself “queen of catnaps” and “social Lagerfeld, who designs for Chanel and Fendi media’s most wanted.” in addition to his signature house, has employed Winslet Jets In for Nouvelle Vague Indeed, the Twitter handle @ChoupettesDiary Shu Uemura makeup to hand-color his illustra- PARIS — Kate Winslet jetted into Paris especially for the Lancôme boasts 37,000 followers and the following introduc- tions for more than 20 years. bash Wednesday night to celebrate its Nouvelle Vague project for tion: “I’m a famous beauty who refuses to eat on Founded in 1983 and controlled by L’Oréal which three Paris-based designers created couture makeup bags. the floor and my maids pamper my every need. I since 2003, the brand’s namesake was a Tokyo- It’s remarkable the actress — and Lancôme face — found the am Choupette Lagerfeld and I am a spoiled pussy.” born Hollywood makeup artist who died on time. “I am actually quite busy at the moment because I have the se- Lagerfeld already photographed his cat for Dec. 29, 2007 at age 79. quel to ‘Divergent’ I am shooting very soon,” she said, sitting in the Palais Brongniart, the former seat of the French Stock Exchange. “Then at the end of the year I am going to Australia to do a movie called ‘The Dressmaker,’ which is all set in the Fifties and it’s kind of a Bensimon Lights Up With Scent black comedy,” continued Winslet. She said her character, the lead in the film KELLY KILLOREN BENSIMON Kelly “It’s for the cooler nights directed by Jocelyn Moorhouse, is someone has taken her Hamptons lifestyle Killoren when the sun goes down who left a small town she grew up in to travel Bensimon Kate and transformed it into a candle. and you’re on the sea,” said the world. Winslet “Like a fragrance, the smell Damide. “It’s very romantic “The beginning of the movie is when of a candle follows you,” said and very sophisticated.” she comes back to the town a changed Bensimon. “I used to live in Containing notes of rose, woman to seek revenge on some people the same building as François jasmine, carnation and lily, the who have accused her of doing some- Nars and I always [told him he] candle is packaged in frosted thing bad when she was young,” said smells so good. And he told me pink glass with gold writing. Winslet. “It feels really weird to talk it was his candles.” Aside from working on her about the character I haven’t played The former model and candle, Killoren Bensimon yet, you know.” ex-regular on “The Real is busy working on a book, That said, she had a clear idea Housewives of New York City” contributing to AM New York about a new role she would appreciate has teamed with François and getting her M.B.A. from having in the future. “I’d like to play Damide, founder and presi- Northeastern online. a man,” said Winslet. “I just think it dent of Crafting Beauty, to “My kids and I usually all would be the ultimate challenge.” create Baiser Rose, the first Baiser Rose study together,” she noted. Lancôme’s Nouvelle Vague ini- candle in Damide’s new Baiser With Damide and Killoren tiative involved designers Simon candle collection inspired by Bensimon expected to be in Porte Jacquemus, Alexandre American muses. attendance, the company will Vauthier and Yiqing Yin crafting “Being French and embrac- kick off the launch on Saturday makeup bags to hold a trio of the ing the country, I wanted to cre- at Scoop’s East Hampton loca- label’s key products — L’Absolu ate a bridge between France tion. Baiser Rose, 7 oz. for $65, Rouge lipstick, Hypnôse Star mas- and America,” he said, adding will be exclusive to the fashion cara and Hypnôse Palette eye shad- that American icons will fig- chain until Labor Day and will ow. The one requirement for the cre- ure prominently in the mix. “It then roll out to other boutiques ations, which came out in mid-June, could be women or men.” and specialty stores. was that the iconic Lancôme rose some- FEUGÈRE IANNACCONE The name Rose was chosen Damide declined comment how figure into their design. based on Killoren Bensimon’s on sales projections, but indus- “Lancôme is a luxury beauty brand, THOMAS favorite shade of pink and is in- try sources estimated that Baiser and creativity plays an important role in STÉPHANE BY spired by the feel of summer and BY Rose could do $250,000 at retail it,” said Françoise Lehmann, general man-
— PHOTO the breeze of the Hamptons. PHOTO in its first year on counter. — J.C. ager of Lancôme International. J.W. 8 WWD FRIDAY, JULY 11, 2014
Zuhair Murad: Zuhair Murad used graphic tone-on-tone Zuhair Murad Loris Azzaro embroideries to create peekaboo effects on column dresses in his signature sheer fabrics. A wave pattern appeared like a natural evolution of the zebra prints he showed last couture, while an Art Deco spirit pervaded some of the geometric motifs, like the one running across a short silver dress with pointed sleeves and hem. The Lebanese designer used black and white to great effect, whether on a draped bustier gown that was neatly split in half for a yin-and-yang effect, or on a bomber jacket embroidered with an abstract checkerboard pattern worn over a stiff black skater skirt. The monochrome looks contrasted with vibrant marine and turquoise shades that evoked visions of the Riviera. Murad also nodded to couture trope with a crimson strapless ballgown featuring an asymmetric ruffle train. While it was technically accomplished, his sparkly creations were more likely to win the youth vote.
Ralph & Russo: For its second show in Paris, London-based Ralph & Russo took a cue from interiors photographer Massimo Listri — especially the Rad Hourani details and light in his images. Most pieces in this collection Fred Sathal shimmered with crystal and pearl embellishments, decorating, for instance, a blue-gray sable dress and an off-white number in wool crepe. This opulent line also included jumpsuits and ballgowns chockablock with dramatic ruffles, trailing trains and sweeping capes — all in lush colors such as dark purple, midnight blue and crimson. Some less voluminous looks included a gown in magenta and black organza with Perspex flowers and velvet details, and a black silk dress with tulip sleeves. Fall 2014 The label late last month said it has a new minority investor: John Caudwell, the British businessman and Paris Couture philanthropist who made his fortune with mobile phones. At the time Ralph & Russo, whose THE COLLECTIONS creative director is Tamara Ralph and president and chief CAME TO A CLOSE WITH executive officer is Michael INTRICATE EMBROIDERIES Russo, said the investment AND SPANGLES FOR NIGHT would fuel its diversification and expansion. AND SOME INTERESTING LAYERINGS FOR DAY. Loris Azzaro: Slithery gowns that exposed the flesh through tearlike portholes, as if clawed open by a wild cat, closed couture week in Paris on a sexpot note at the Loris Azzaro show. “It’s about this panther, this woman who comes out at night,” Alvaro Castejón explained backstage, his theme a bit far. Shardlike edgy look,” he said. Delphine Manivet: Having built Manivet’s contrast of velvet co-creative director Arnaud embroideries that resembled Arabesque designs popped in a solid business with bespoke and triple organza played Maillard showing off animal- a smashed mirror, embedded rich colors on everything from a bridal, Delphine Manivet’s nicely with light and texture, spot appliqués in silicon that on the front of dresses, more beaded dress hemmed in mink debut couture collection was but a touch of irreverence glistened like caviar on a black effectively telegraphed the heat to an impressive coat paved a timid yet promising first step would make her offering tuxedo jacket. and frenzy of the club scene. in bullion embroideries. They into grand eveningwear. While more dynamic. But for a few biker jackets were also laser cut into a skirt. a few tweed robe coats were and snug Eighties cocktail suits, Rami Kadi: Lebanon-raised Striking looks included a reminiscent of Paul Poiret and Dice Kayek: For her debut the Spanish duo focused on designer Rami Kadi riffed on long dress with bold geometric not particularly modern, what couture collection at Dice second-skin evening columns arabesque patterns for his first patterns in blue, yellow and stood out were voluminous Kayek, Ece Ege thought up and sparkly minidresses, couture presentation in Paris red, reminiscent of tiles, and ballgowns and ethereal dresses a fictitious winter garden in returning the brand to its after three years in business. a pale blue wedding gown in cotton tulle or silk. which characters — “part- nightlife-loving legacy — and “I wanted to come and bring with woven gold-and-silver A striking group of simple women, part-flowers,” she said the couture stage after a three- Arabic culture, so I got inspired filigree. The collection — with black dresses was inspired — come to life. decade absence. from everything that has to do silhouettes ranging from form- by French painter Pierre Her 15 looks impressed The 3-D animal-paw with Arabic architecture, and fitting to flaring — was opulent, Soulages, who’s known for his with remarkable trompe l’oeil embroideries took the cougar did it in a very modern, trendy, yet wearable. monochrome black painting. constructions, imitating flowers’ WwD friday, july 11, 2014 9 WWD.COM
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petals, calyxes and stamens. How she managed to defy it? Serkan Cura: Serkan Cura’s plastron inspired by ancient guests waiting for 50 minutes. Named Bluebell, an ice- “That’s top secret. But there arresting feather creations are Greek jewelry. When the models blue wool crepe coatdress were a lot of wires and a lot of finally becoming as wearable Cura was particularly eventually emerged, they were featured puffy sleeves and thermo-bonding involved.” as they are dramatic, allowing excited about his short decked out in her signature an impeccably shaped bow a potential client to sit down in wedding dress, sculpted from embroidered creations that resembling the plant’s tubular Rad Hourani: For fall couture, them, for example. feathers that were painted ranged from sweatshirts blossoms. An origami top in Rad Hourani’s intricate layers The designer worked with one of the designer’s thickly encrusted with silk organdy, paired with an included belted, kimono-wrap heron feathers into a flouncy, secret formulas. “You coat it, spangles and loose threads to artfully draped silk satin skirt, jackets and multicollared car-wash skirt attached to a it pops like popcorn, and then marble-dyed caftans with just approximated a camellia, while trenches. The designer slightly corset, another Cura specialty. it becomes very strong,” he a smattering of sequins. one wondered how the Peony, pivoted away from his strict Silver-plated goose feathers explained backstage. Short dresses with lace a nude wool crepe dress with a black-and-white aesthetic, flecked the midriff of a pants- skirts had a flapper vibe about large blossom erupting from the injecting a pinch of glitter into cum-bodice ensemble, as well Fred Sathal: Making her catwalk them, yet there was still a model’s hip, managed to stay the fabrics via silver threads as a magnificent gown made comeback after an eight- “greatest hits” feel to this upright during the walk. and sequins, while a crisp from pheasant feathers — 33 year hiatus, French designer lineup, giving little impression “We struggled a lot against bottle-green hue added vigor to pounds of them — its corseted Fred Sathal opened the Paris that Sathal has evolved during gravity,” Ege said backstage. an artichoke-shaped jacket. waist topped with a beaded couture season by keeping her time out of the spotlight.
w11a008(9)a;7.indd 2 7/10/14 5:34 PM 07102014174402 10 WWD FRIDAY, JUNE 11, 2014 eye WWD.COM THE WORK OF French artist and “Blue-black on brown,” 1981. outré visionary Hello, Jerry Jean-Paul Goude has taken up residence at Issey Miyake’s ON WEDNESDAY NIGHT, actor 21_21 Design Sight Michael Pitt, known mostly for Jen Brill museum in Tokyo. serious dramas like Bernardo The show, titled Bertolucci’s “The Dreamers” and “Image-Makers,” HBO’s “Boardwalk Empire,” is part of a group was trying out something of a exhibit that opened comedy routine. last week and He was at the Dia Art serves as a mini Foundation’s Chelsea space in retrospective of New York, where Rag & Bone Goude’s work, most was showing its spring men’s notably his creative collection as a presentation and collaborations with photo exhibit. former muse and Pitt had recently posed in lover Grace Jones. In Coney Island, N.Y., for the addition to his work label’s fall campaign. as a photographer, “Basically, I met David and Goude was also Marcus at a bar,” the actor said an art director at referring to designers Neville and Esquire magazine Wainwright. “They locked me in a in New York during bathroom and they wouldn’t let the Seventies
me get out. At first, it was funny. and has created GOUDE And they said, ‘Listen, we’re ad campaigns for not going to let you out of this Chanel and Galeries Mmm Mmm Goude bathroom unless you sign on to Lafayette. Goude JEAN-PAUL do our campaign. And I was like, Gemma said it made sense BY ‘Seriously, guys, this is not funny.’” Hamilton to show the images The actor was just getting and in Tokyo since Jones PHOTO started with his bit. Glenna was fond of Miyake’s “I was there for an hour and Neece designs, a factor that helped cultivate his interest is a video installation that offers a playful take on a half. Finally, I said, ‘Sure, in her. Parisian public transportation: a strip of 12 TV I’ll f--king do it,’” he said. “I’m “Suddenly the combination of purity in design screens showing footage of a subway train that afraid of them kind of. He’s and the wildness of Grace was something that zooms past a series of platforms without stopping very tall,” he said pointing to I adored and that motivated me to do more. So for any passengers. Nostalgists should also check whippet-thin Wainwright. when we got on tour together I was definitely out video clips from Goude’s 1972 appearance In truth, Pitt first worked inspired.…It was very important for me to bring on “The Mike Douglas Show” in which the artist with the designers last year for this back,” Goude said. tried to explain the benefits of wearing 12- the fall ad campaign, when he Among the pieces in the exhibit is a motorized inch heels and shoulder pads. Goude said the was paired with French actress mannequin that moves up and down a track interview with the TV host didn’t go that well so Léa Seydoux. His counterpart this and displays Goude’s “Constructivist Maternity he had to make some cuts to the footage. time is Winona Ryder. Dress.” He designed the geometric, sculptural “He didn’t get it. He mixed up the design For spring, Wainwright and gown of polyurethane foam, cardboard, felt and and the sense of personal showbiz with sexual Neville eschewed a runway steel to accommodate Jones’ large frame during a orientation,” he said. “He really looked at me show for a gallery installation disco performance — one extra complication was like I was a big fairy and I really didn’t like it, featuring a selection from the that she was pregnant with his child at the time. you know?” Goude’s most iconic photos of Jones are also on Helene Kelmachter curated the exhibition, collection hanging on the walls Ethan show, including the spliced image that gave the which also features 24 moody lithographs by and a photo exhibit of a diverse Green singer’s jaw an overstretched appearance and David Lynch, a series of video portraits from cast of characters wearing in Rag & served as the cover of her 1985 album “Slave to Robert Wilson and a display of footwear designer their designs. They include Bone. everyone from Jerry Seinfeld and the Rhythm.” Noritaka Tatehana’s heel-less platform shoes. Carmelo Anthony to Gerald DeCock, a Images and interpretations of Goude’s other Photographer Hal’s images of Japanese couples hairstylist and lifelong Chelsea two main muses — model and actress Farida vacuum-packed in plastic round out the show, Hotel bon vivant. Seinfeld, in Khelfa and his current wife Karen Park-Goude — which runs through Oct. 5. particular, appears unshaven also featured prominently. Another notable work — AMANDA KAISER and gruff, more like Bizarro Jerry, really. Wainwright said that was the comic’s own doing. “We didn’t tell him what to WWD POSTCARD do. He didn’t have a job. He just HONG needed to turn up and do what A STOP DURING MY HONEYMOON 18 years ago was the KONG he wanted,” the designer said. last time I’d visited Hong Kong, so I was excited to go back to 2014 Though Seinfeld and celebrate the “World of Aerin” at Lane Crawford. Hong Kong Anthony didn’t show up at seems to change every minute. It’s amazing how many new the gallery, some of the more buildings have popped up since my last trip. insider-y names in the photographs did — models Glenna Neece, Of course, my first stop was a visit to the Lane Crawford Camille Rowe and Ethan Green; restaurateur Lincoln Pilcher; Glen space. I love watching quietly as customers come in to shop. Luchford, who shot the fall campaign, and Lucy Chadwick, director Then, we headed to the Luk Yu Tea House for a dim sum of the gallery Gavin Brown’s Enterprise. Pitt came with young lunch. I had actually visited this restaurant when I was there French actress Astrid Bergès-Frisbey, his costar in “I Origins.” before; it’s as traditional as they come. Though it was hot inside the wide-open gallery, even more so I met such amazing people at the Lane Crawford event. than outside, the waitstaff passed out the kind of food usually The evening was capped off with dinner at The China Club. reserved for tailgate parties, like baby-back ribs garnished with I’ve been there before but always love seeing the traditional tiny American flags. decor juxtaposed with the modern Chinese art on each floor. “Yeah, f--k it,” Wainwright said of the ribs. “You only live once.” I’m always rushing home after a business trip, but I — ERIK MAZA managed to fit in some time to explore the island. The day started in Stanley on the south side, which is more Astrid Bergès-Frisbey with residential and very lush. It’s a beautiful quiet seaside town Michael Pitt in Rag & Bone. with a fun market. There are really fun gifts for children like traditional silk pajamas and cute chopsticks with characters on them. On the way back to Central, we stopped for a walk around The Peak. It’s incredible to see Hong Kong from the highest point. Luckily, it was a clear morning so I had a beautiful view of Kowloon and the harbor. From there it was a quick trip to the flower market. I love visiting flower markets in different countries. In Hong Kong they sold tons
of orchids and craspedia, native to Australia and New LAUDER Zealand. After a quick stop on Gough Street for FOR MORE PHOTOS, SEE AERIN
some shopping, I headed back to the Four Seasons OF for a massage. WWD.com/eye.
EICHNER Overall, it was an exciting few days away. I wish I
could have spent more time in Asia, but it’s time to COURTESY
STEVE head back to New York City. Aerin Lauder BY — AERIN LAUDER PHOTO PHOTOS WWD FRIDAY, JULY 11, 2014 11 WWD.COM
company went public, and is in the process of evaluating the business. Fashion scoops MeMo pad When asked whether her departure had anything to do with that TWO TO TANGO: Raf Simons’ fall men’s wear refer to and bring with me wherever T+l’S NOVOGROd TO GeT SOMe R+R: It’s streamlining process, Novogrod said it collection, a collaborative effort with I go. Rock has a pure and wild soul, a the end of an era for Travel + Leisure. was “unrelated.” California artist Sterling Ruby, is getting woman who embodies this style feels Nancy Novogrod, editor in chief of the “I think Time Inc. feels its own e-commerce site, plus a clublike free and seductive.” Time Inc.-owned travel glossy, told her disappointed that I won’t oversee T+L. pop-up shop in Antwerp, Belgium. Zanotti will also launch two more staff Thursday that she will retire. I love change,” she said. “Retiring has Inthenameof.be is to open for capsules by the end of the year. Novogrod, who helmed the travel been on my mind for around three business on Tuesday and close Sept. 1, — AleSSANdRA TuRRA magazine for 21 years, will help years off and on, but I loved my job so each week offering a group of items for conduct the search much and I love to a limited time. It will ship worldwide. lOTTi ReTuRNS: Italian leather goods for her successor, Nancy travel.” The physical store, located in an maker Gianfranco Lotti is making and remain at the Novogrod Novogrod’s under-construction retail space at 16 a comeback. The brand, originally magazine until the next chapter will Lange Gasthuisstraat, is to open Sept. founded in the Sixties, was acquired new editor is named. include writing a 4 on weekends only, serving up a new by German investment fund Halder “I’m looking book — one that is decor, merchandising and last September via its purchase for someone unrelated to travel vibe each week with DJ For more of Florentine parent company who obviously — about powerful sets alongside the fashion, scoops, see Bottega Manifatturiera has a strong women. She will also through Oct. 13. Borse, or BMB, which also understanding of continue to travel The retail concept WWD.com. manufactures leather goods for digital and print, for her own leisure was initiated by Simons, other luxury brands. someone who has a and explore other his commercial director “Because of a lack of vision and loves to interests in the arts. Charlotte Arts and the photographer Willy resources, the brand was no longer travel and someone “I’ll see where Vanderperre. — MileS SOChA available on the market,” chief with a strong style life leads,” she executive officer Franco lucá explained, sense,” Novogrod said, explaining ZANOTTi CelebRATeS: Giuseppe Zanotti while noting Lotti was popular in Asia told WWD. that while she continues the celebrations for the until a few years ago. Along with Time won’t return to 20th anniversary of his luxury The first step in the brand’s revival Inc. executive vice the industry as an footwear label. was the opening, during couture president and chief editor, she would After hosting a more intimate week in Paris, of a 1,550-square-foot content officer Norman Pearlstine and entertain the idea of consulting. “T+L dinner at New York’s Waverly Inn boutique on the city’s Rue Saint executive vice president evelyn Webster, has a great future. It felt like it was restaurant last Novogrod said she will search for an a good moment [to retire] now. The month, the designer editor who can “create a new future” magazine is on a very solid footing.” is throwing a party for the magazine, which will include According to the Media Industry in Ibiza today. executing strategies to allow print to Newsletter, as of July, T+L’s Supermodel Karolina “thrive in the digital age.” advertising pages totaled 534, Kurkova will be the This will include building new constituting a 3 percent rise over last guest of honor at businesses around the T+L brand, she year. In 2013, T+L’s total paid and the event, which said, and growing its social media and verified circulation slid 1.3 percent to will include a digital presence. 973,447, but single-copy sales grew 15.1 cocktail party at the That appears to be the broader percent to 29,478 over the prior year, designer’s pop-up strategy for Time Inc., which itself is the Alliance for Audited Media said. store located at the in a period of transition. In June, the — AleXANdRA STeiGRAd Spanish island’s luxurious Marina Botafoch, followed by a dinner at the exclusive Lio Club. Zanotti, who sold a 30 percent stake inside the Gianfranco lotti boutique. of his company, Vicini SpA, to LVMH Moët Hennessy Honoré, in a space formerly occupied Louis Vuitton’s private equity L by Alberta Ferretti. Capital last December, is also The two-story space offers bags for catering to his loyal customers as part women and men as well as small leather of the celebrations. goods and accessories, including small space After releasing an all-gold shoe ties and belts, and a capsule line of limited-edition collection called Jewel cashmere accessories. Its bags are all in June, the designer is gearing up to distinguished by the brand’s “keyhole” launch an additional capsule, called signature detail. Rock ’n’ Roll, hitting stores in September. The brand’s designs will continue “Rock ’n’ Roll is where this to be based on “craftsmanship and collection begins and ends. My timeless style,” said Lucá at a cocktail second capsule collection is both a party Wednesday night. tribute to my 20th anniversary and to A store in Florence is to follow in rock; an homage to a genre of music September, and one in Milan early next that defined an era and influenced year. Two Chinese boutiques are also fashion,” Zanotti told WWD. “I always planned before the end of 2014. The say that fashion and music are brand will only operate through its own deeply entwined. This relationship stores in the midterm. is perfectly epitomized on the cover “Our aim is to become a global of vintage rock ’n’ roll magazines. I luxury player in the next two years,” keep an archive of them that I always said Lucá. — AleX WYNNe Big American Apparel Shares Jump the board, but the five other members By EVAN CLARK will be replaced. Business An independent board committee INVESTORS drove shares of American is being formed to oversee the continu- Apparel Inc. up 21.3 percent Thursday, ing investigation into the alleged mis- celebrating both the company’s $25 mil- conduct that led to the suspension of WWD Marketplace is the premier destination lion financing deal and the cease-fire Charney, who had been president, chief between founder Dov Charney and the executive officer and chairman. board that sought to oust him. Charney fought his dismissal and for the industry’s classified and career listings. The stock jumped 18 cents to $1.03 and teamed with Standard, giving the inves- logged the strongest performance of the 100 tor the leverage it needed to negotiate shares in the WWD Global Stock Tracker, the deal. But he didn’t get his old job which fell 0.7 percent to 99.44 for the day. back. He is serving as a strategic con- American Apparel said late sultant until the investigation is finished 800.423.3314 Wednesday it had reached a deal with and has denied wrongdoing. New York-based Standard General, Charney’s been in New York lining which in addition to providing financing, up the deal with Standard. Reached wwd.com/marketplace will play a big roll in reshaping the com- Thursday, he said he was taking in the pany’s board. Cochairmen Allan Mayer scene in Central Park and declined to and David Danziger will continue to lead comment otherwise.
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The new Puig Tower in Barcelona. Puigat 100 Jean Paul Gaultier A fragrance and fashion powerhouse marks a century in business.
Carolina Herrera GIANNONI GIOVANNI
Nina Ricci Paco Rabanne PHOTOS BY RUNWAY 2 WWD FRIDAY, JULY 11, 2014 SECTION II WWD.COM
WWDMILESTONES Marc Puig Puig’s Ambitious Plans The family’s third-generation chief executive officer outlines strategic initiatives to carry the company forward. By Jennifer Weil
HINDSIGHT MAY BE 20/20, but sole members of the family’s save for Rabanne, which is run Puig, which celebrates its cen- third generation to be involved by José Manuel Albesa, Puig’s tenary this year, also has clear in the company’s management.) chief brand officer. goals for 2020 and beyond. More than a decade later, “Attracting someone like That’s the deadline for the Puig struck again, this time Ralph Toledano is proof that family-owned firm to become taking a controlling interest in we are serious about these ac- the world’s third-ranked pres- Jean Paul Gaultier’s fashion tivities, and I think it’s proof tige fragrance player with business, in 2011. The lucrative that we can attract good tal- 12 percent market share and fragrance part of the label will ent,” said Puig. produce zero waste and zero revert to Puig in mid-2016. The fashion labels, which re- gasses, among other goals out- Perfume and fashion activ- ceive royalties from fragrance lined by Marc Puig, the compa- ities have a strong symbiotic activity, are run individually. ny’s chairman and chief execu- relationship, and the upside “They have their own teams, tive officer. can be huge. “When you look creativity and organization, even “Midterm, our aim is to be- at the top rankings of the fra- Web sites,” said Puig. “We are come a luxury brand owner grance world, there is increas- not trying to apply one formula with a hybrid model in the fra- ingly a correlation between a to every house. Some houses are grance category, with owned strong fashion house and a profitable and some clearly are brands and licensed brands,” strong fragrance house,” said not profitable at this point.” said Puig, sitting in the compa- the ceo. “The brands that Nina Ricci is seen as one of ny’s sleek new Paris headquar- have a reality beyond fra- Puig’s houses with the most po- ters on the Avenue des Champs- grance are the ones that have tential “because of the aware- PASK Élysées. The firm’s fashion the staying power.” ness and recognition of the
business — including Carolina “Fashion amplifies the noise brand worldwide,” he said. “But NATHAN Herrera, Paco Rabanne, Nina of the brand,” added Manuel that house would have to earn BY Ricci and Jean Paul Gaultier — Puig. “When you do it right, you its right to grow because fashion is a key driver for this. can make a lot of noise with lim- has to be the engine, clearly, for PHOTO Puig dipped into the lux- ited resources.” [it] to develop.” billion. About 75 percent of its However, the Puig family ury world in the Sixties with Meanwhile, fashion brands Gaultier has another model. fragrance business is made by holding could invest in a pure Rabanne, as its licensee. are often buoyed financially “We have a partner; we cannot its own brands, with approxi- fashion player. “What happened over time is by the hefty sales generated by make decisions on our own,” he mately 25 percent through its The ceo maintained, “We al- that at some point, some of the their fragrance businesses. said, referring to the designer. licensed labels. ready have a portfolio that we licensors with whom we were There are, of course, ex- “We’re going to work with him, “For a family business that see has great potential to grow working — for whatever reason ceptions like Paco Rabanne, hand-in-hand, and make prog- looks long term and generation if we do the right things. Our — approached us and said they whose fashion prowess today ress at a pace [at which we are after generation, our idea is to priority at this point is to make needed support,” said Puig, is still to be proven while its both comfortable].” have a balanced portfolio [in sure that we take the most po- whose grandfather founded the fragrance activity is estimated Fashion today comprises a which] we can make our own tential out of what we have, and firm. “Our initial reaction was to be among the top five in the small part of Puig’s overall ac- brands successful and at the grow in depth.” to protect what we had but not world already with such hits as tivity. The executives would not same time build a healthy and “We are not a collector of necessarily to do much with it.” 1 Million and Invictus. discuss specific numbers, but sustainable license business,” brands,” added Manuel Puig. This was mostly in the Marc Puig cited the impor- Puig said that over the past few said Puig. Puig signed a long-term Eighties and Nineties, when tance of running fashion and years, fashion has grown either The door isn’t closed for agreement to create, develop Puig also purchased Carolina fragrance businesses separately. at the same pace or faster than more acquisitions. In fashion, and distribute new United Herrera. A strategic turning “Organizations can do a lim- total sales, which in 2013 ad- the firm showed interest in Colors of Benetton fragrances, point came in 1998, with Nina ited number of things right, and vanced 1 percent to 1.5 billion Valentino when it was for sale which began Jan. 1. Ricci’s acquisition. if you try to brand the fragrance euros, or $1.99 billion at aver- a few years ago, for instance. “One reason we are inter- “We realized it was an oppor- business as if it were a fashion age exchange. On a like-for-like Puig acquired the Valentino fra- ested in a brand like Benetton tunity to [advance] our model,” activity or vice versa, most like- basis, revenues rose 5 percent. grance license in 2010, before is because one of the big op- explained Puig. ly you are going to fail,” he said. Between 2004 and 2013, over- the fashion house was for sale. portunities in the years to come “The importance of a brand In 2012, Puig tapped Ralph all company sales have risen 7 “If we were to get involved in will be in emerging markets and is not just to own it. It’s to build Toledano, formerly Chloé’s percent annually. another fashion house, it would the growth of the middle class,” it,” said his cousin, Manuel chairman and ceo, to become Industry sources estimate be one that already had either a explained Marc Puig. “In those Puig, the company’s vice chair- president of its fashion divi- Puig’s 2013 beauty revenues reality or a potential reality for areas, in order to have critical man. (Marc and Manuel are the sion, overseeing all the brands were 1.32 billion euros, or $1.75 fragrance,” said Puig. {Continued on page 4}
1979 2003: Prada’s joint venture. TEAM -ARIANO 0UIG s !NTONIO 0UIG DIES *R -ARC 0UIG -ANUEL 0UIG AND *AVIER #ANO Puig’s First Century 1987 AS THE lRMS NEW s 0UIG ACQUIRES THE FULL 0ACO LEADERSHIP 1914 1959 2ABANNE BRAND s 0UIG PURCHASES .INA s !NTONIO 0UIG ESTABLISHES s 4HE COMPANY BEGINS EXPORTING 2ICCI FROM 3ANOl !NTONIO 0UIG 3! 1988 1962 s #AROLINA (ERRERAS lRST 1999 1922 s 0UIG STARTS A 53 SUBSIDIARY FRAGRANCE BOWS s 0ACO 2ABANNE s 0UIG LAUNCHES -ILADY DISCONTINUES COUTURE LIPSTICK 1966 1990 s -OANA A BATH AND BODY LINE IS s 0ACO 2ABANNE READY TO WEAR 2000 1940 CREATED MAKES ITS DEBUT s 0UIG BUYS -YRURGIA INCLUDING FRAGRANCE s !GUA ,AVANDA IS BRANDS «GATHA 2UIZ DE LA 0RADA AND !DOLFO INTRODUCED 1968 1995 $OMINGUEZ s !GUA "RAVA MENS s 0UIG BUYS #AROLINA (ERRERAS s 4HE lRST #( STORE OPENS 1946 Antonio Puig SCENT LAUNCHES FASHION HOUSE s 4HROUGH A VENTURE WITH #HALHOUB 0UIG s .EW COMPANY s 0ACO 2ABANNE ENTERS THE -IDDLE %AST HEADQUARTERS AND FACTORY FRAGRANCE LICENSING 1997 ARE BUILT ON "ARCELONAS 4RAVESSERA DE 'RËCIA DEAL IS SIGNED s #AROLINA (ERRERA INTRODUCES 2001 THE FRAGRANCE LABEL s *AVIER #ANO BECOMES 0UIG PRESIDENT 1950s 1969 s !NTONIO "ANDERAS FRAGRANCE s 0UIG PURCHASES 0ERFUMERIA 'AL s !NTONIO 0UIGS FOUR SONS JOIN THE FAMILY s 0ACO 2ABANNES lRST LICENSE IS SIGNED BUSINESS AND HE GRADUALLY GIVES THEM FRAGRANCE #ALANDRE AND 2002 CONTROL 0UIGS !ZUR LAUNCH 1998 s 0UIG SIGNS A FRAGRANCE LICENSING AGREEMENT s -ARIANO 0UIG STEPS DOWN WITH #OMME DES 'ARÎONS 1957 1976 AS CEO AND HIS THREE BROTHERS s %XPORTS SURPASS HALF OF 0UIGS TOTAL s -ARIANO 0UIG BECOMES CHIEF EXECUTIVE s 0UIG BUILDS A FACTORY IN A 1968 launch. LEAVE THEIR MANAGEMENT BUSINESS OFlCER #HARTRES &RANCE ROLES 4HEY NAME A FOUR MAN {Continued on page 4}
4 WWD FRIDAY, JULY 11, 2014 SECTION II WWD.COM
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brands, such as Lactovit, Kinesia and Puig’s Ambitious Plans Denenes, for example. Puig also focused A Patriarch Reflects {Continued from page 2} on its hybrid model, set the goal of reach- mass, to be able to build your own struc- ing 10 percent market share in fragrances "/2. ). "!2#%,/.! IN PEOPLE ;WHOSE PROFESSIONALISM WE COULD ture…you need a presence in the masstige and, to do that, mandated that brands cre- -ARIANO 0UIG ONE OF FOUNDER !NTONIO TRUST= 4HEN WE CREATED PRODUCTS )N THE fragrance category. Otherwise, the prestige ate compelling narratives. 0UIGS FOUR SONS BECAME A CHEMICAL EARLY 3IXTIES WE FOUND A COMPANY IN THE market is still very small.” The strategy has born fruit. Over the past ENGINEER AND IS ALSO A GRADUATE OF )%3% 53 TO DISTRIBUTE OUR PRODUCTS THERE Puig has 21 subsidiaries and its prod- decade, Puig’s net profits have soared from "USINESS 3CHOOL (E HELD DIFFERENT !FTER THREE OR FOUR YEARS WE REALIZED ucts are sold in more than 140 countries. the 2004 level of 1 million euros, or $1.2 mil- POSITIONS AT 0UIG PRIOR TO BECOMING THAT TO SUCCEED IN THE 53 WE NEEDED Years ago, Puig showed its commitment lion, to 176 million euros, or $233.8 million, ITS CHIEF EXECUTIVE OFlCER IN AT A &RENCH