Tod's Group and L Catterton Sign Deal to Delist from Italian Stock Exchange or Merge
/On Super Bowl Sunday, the Tod’s-LVMH decades-long business connection went into high gear with news that Tod’s Diego Della Valle, his brother Andrea Della Valle and the LVMH-backed private equity firm L Catterton have entered an agreement involving the launch of a tender offer at €43 per Tod’s share. The goal of delisting Tods’Group from the Italian stock exchange is in sight.
Today’s financial offer will leave the Della Valle Family with a 54 percent stake in Tod’s Group capital and assets; L Catterton will indirectly own 36 percent and Delphine SAS [a fully-owned subsidiary of LVMH] will retain a 10 percent stake.
Tod’s first announced a desire to delist its company from the Italian stock exchange in August 2022. That effort failed in October 2022, when a bid launched solely by the Della Valle family failed to reach the 90% threshold required to delist.
Anne of Carversville wrote days ago about about our growing understanding of the management style of LVMH/Bernard Arnault-trained executives. The trees planted have deep roots that bear premium fruit with long-term alliances, strong interpersonal friendships, trust and loyalties. It’s impressive.
Read More8 of Fashion's Biggest Names Honor Donna Karan Relaunch Lensed by Annie Leibovitz
/In 1992 American designer Donna Karan launched her campaign “In Women We Trust” shot by Peter Lindbergh. That fashion maverick statement about female leadership and competence was celebrated again today — not with America’s first woman president which we’ve all hoped for — but with photographer legend Annie Leibovitz gathering eight models so famous that they can go by their first names without confusion.
Featured in the Donna Karan revival campaign are Amber Valletta, Carolyn Murphy, Cindy Crawford, Imaan Hammam, Karlie Kloss, Linda Evangelista, Liya Kebede and Shalom Harlow.
Photographer Leibovitz shot the campaign in a Brooklyn warehouse, with video by Barbara Leibovitz Hellman and styling by Jessica Diehl.
Read MoreLVMH Maison Acqua di Parma Yellow Cafe Opens in Seoul, Korea Designed by Dorothee Meilicjzon
/Italian Maison Acqua Di Parma, a member of the LVMH family of artisans and artists-inspired maisons, brings its Italian heritage and Milanese creativity to Seoul with the Acqua di Parma Yellow Café. The design by Dorothée Meilichzon fuses Italian charm with the dynamic spirit of Seoul.
Located at Lotte Avenuel Jamsil B1F, Acqua di Parma Yellow Café is much more than a café, proposing an immersion into the Maison’s unique aesthetic and heritage.
Indeed, you are seeing a ‘wavy plate’ on a shelf [below] in Seoul’s new Acqua di Parma Yellow Café. If you seek a concrete signal about the hoped-for evolution of the new cafe in Seoul, recall the March 2022 pop-up in Milan for the brand’s new fragrance Colonia CLUB.
Read MoreCan LVMH Write the Book on Developing Human Potential in Brands and Businesses?
/The more AOC studies LVMH from every angle, the more impressive the organization becomes. I’ve been researching ways in which LVMH has addressed the philosophy of humanism. The concept flourishes across the maisons, and it seems that great care is given to developing both the executives and the artisans.
Fundamental to the maisons is a similar vision for how the brands interact with their clients — and not only their elite-class clients. LVMH plants deep, dynamic forests for their brands.
As everyone says, LVMH moves fast, but it’s also the case that huge mistakes are avoided because of a culture of deep roots and also deep knowledge about the humans who work in their businesses.
Read MoreZac Posen Tapped By GAP Inc. As EVP Creative Asset Across Gap Brands
/American designer Zac Posen is starting his next chapter in San Francisco, accepting a dual role as Executive Vice President & Creative Director of Gap Inc and Chief Creative Officer of Old Navy.
In Posen, Dickson said he saw a combination of cultural savvy and technical skill that could jumpstart Gap Inc. getting it back on track.
Posen’s position is the first time Gap Inc. has hired a creative lead at the executive portfolio level which includes Athleta, Banana Republic, and Old Navy besides Gap.
Dickson is looking for an intellectual creative partner to cultivate and inspire his own vision at Gap. Part of Posen’s role will be to create sparkplug synergy in Dickson and other creatives across the organization.
Read MoreCora, Blanca and Georgina Chase a Lauren Ralph Lauren Jamaica Resort 2024 Breeze
/Lauren Ralph Lauren is chasing a Palm Beach breeze or going further south to the Ralph Lauren home High Rock in Jamaica. Set on the highest point of the Round Hill resort which consists of a small hotel and 29 villas on a peninsula, it’s a place of total serenity for Ralph and Ricky and their expanding family.
Models Cora Emmanuel, Blanca Padilla and Georgina Burke are born to embrace the Ralph Lauren spirit. This collection and more treasures coming are revealed on the Lauren Ralph Lauren IG. And if you want to armchair travel to High Rock, Ralph is waiting your arrival.
Read MoreBottega Veneta Embraces Sumptuous, Modern Elegance in Milan's Galleria Vittorio Emanuele II
/Italian luxury brand Bottega Veneta opened its third store in Milan on Tuesday, with a design perfectly integrated into Galleria Vittorio Emanuele II, a landmark location between the city’s Duomo cathedral and the Teatro alla Scala.
Covering about 2,600 square feet over two levels, the store is AOC’s favorite to date. It’s modern without being cold and sumptuous without being overbearing. Even the huge gold planter works for AOC. Love the green leather.
“There are different experiences of space in the store,” Matthieu Blazy told WWD. “I wanted to express the idea of a domestic interior referring to Italian modernist architecture that contrasts with the aesthetic of a spaceship. And to capture the intimacy and the imagination of getting dressed.”
Read MoreTory Burch SS2024 Campaign Starts a Ruckus in Marfa, Texas with Grace, Ida and Selena
/Tory Burch [IG] strikes up the band, taking her Spring-Summer 2024 Campaign to Marfa, Texas, a small desert town in west Texas. population 1,748. Marfa has a very big reach both east and west as an arts center. Those damn liberals keep showing up in Marfa, trying to wreck the whole state of Texas, from the point of view of Governor Greg Abbott.
In fact, the arrival of this great campaign starring Grace Elizabeth, Ida Heiner and Selena Forrest is deeply political — perfectly timed as a clapback to the freakin’ absurd MAGA meltdown over Taylor Swift this week.
Only Taylor Swift appearing on horseback, disguised as a member of the Texas Rangers, but then jumping off her stallion and into the street guns blazing [in the air] to save Grace, Ida and Selena from an impending arrest would make this advert any better. What is their crime? Disturbing the peace.
Photographer Jamie Hawkesworth [IG] would be stupified over the entire scene but covering all the action from every angle. Meanwhile Brian Molloy does an excellent job styling this production, with hair by Jimmy Paul and makeup by Dick Page.
Read MoreLana Del Ray Fronts SKIMS 2024 Valentine's Day Collection by Nadia Lee Cohen
/SKIMS is now fearless about firing one volley after another into the prized territory of the once-great Victoria’s Secret lingerie brand.
SKIMS co-ounder Kim Kardashian has broken the Internet more than once, and it happened again this week. SKIMS said in a statement on Tuesday morning, January 23:
"Due to record breaking traffic and unprecedented demand for our Valentine’s Day launch, our Skims site has crashed. Shopify is working to resolve the issue asap.”