French menswear-focused media and e-commerce group MenInvest has acquired London-based online retailer Oki-ni for an undisclosed amount. Oki-ni co-founders Charles Perez and Ben Banks will join MenInvest as shareholders and advisors. “This acquisition… is a key piece of our growth strategy to reach €100 million in revenue by 2016,” said Marc Ménasé, MenInvest founder, who plans to position Oki-ni at the top end of its spectrum of holdings. “This operation also fits into our international expansion strategy. In fact, since the beginning of the MenInvest story, we always had a global project — global from a team and customer standpoint. Oki-ni taking part of MenInvest gives us a good booster to roll out our plan. On top of that, Oki-ni brings a different way to treat the designer segment, which is something important for our growth.”
After Vanity Fair, Harper’s Bazaar is finally making its foray into the French market. The publication has announced that next up is a French edition. The publication has named Alexandra Senes as the magazine’s new editor-in-chief. She is a true industry professional, working with Le Journal du Dimanche, L’Officiel, and Architectural Digest, but also has experience in launching her own clothing line called Kilometre, and teaching at Chambre Syndicale de la Couture Parisienne. Hearst has not yet announced when the first issue of Harper’s Bazaar France will be released.
“We did not expect to become Hermès shareholders. We made a financial investment which turned out in a way we did not expect,” announced Bernard Arnault, chairman and CEO of LVMH, before the group’s board on April 18th. But according to a piece published yesterday in the French daily Le Monde, the reality may have been quite different. For nearly ten years, the world’s leading luxury group patiently and secretly pursued a plan to control Hermès, according to a 115-page report compiled by the AMF, a French market authority, says Le Monde journalist Nicole Vulser, who obtained a copy of the report. According to the document, which “can sometimes read like a thriller,” the plan began in 2001 and involved scenario planning for an ”Hermès takeover” conducted under the codename “Mercure.” LVMH, in a statement, “vigorously contests the findings of the report” and are preparing to fight the allegations. The AMF is scheduled to meet on May 31 to discuss the matter.
French actress Audrey Tautou wore a Maison Yiqing Yin dress to host the opening ceremony of the 2013 Cannes International Film Festival. The «Absinthe» dress was created exclusively for her and will be part of the forthcoming Fall-Winter Couture collection presented on July 3rd 2013. Audrey Tautou highlights a young designer, a symbolic act in a crisis period.
Saturday evening Christian Dior presented its Resort 2014 collection in Monaco. The principality has held special meaning for the house since 1956, when actress Grace Kelly wore a Dior gown to celebrate her engagement to Prince Rainier of Monaco. Discover the runway just after the jump.
Versace’s relaunched Versus line capsule collection by J.W. Anderson debuted in New York on Wednesday, with an extravaganza event at the city’s Lexington Avenue Armory, which featured performances by Maxwell, Grimes, and the rapper Angel Haze. As Versace herself explains, “The launch of Versus Versace will be an incredible event, bringing together everything that I love: fashion, music, DJs, young people, and their amazing energy. This mix of music and fashion captures the essence of Versus Versace, a label for a new global tribe.”
Karlie Kloss has designed a capsule collection for denim label Frame, launching in June. She created two styles of jeans meant for long-legged ladies like herself. “I’m freakishly tall, so finding pants that fit is something I’ve struggled with my whole life,”said Kloss. “My secret to pulling off too-short jeans has always been to pair them with boots and I really rocked the flood-pant trend for as long as I could! It wasn’t until I started modelling at fifteen that I even realized what well-fitting clothes felt like. Frame’s creative directors, Jens Grede and Erik Torstensson, hope that the jeans will cater to a missing gap in the market.
The chairman, controlling shareholder — and lodestar — of the world’s second-largest luxury goods group, Compagnie Financière Richemont SA is taking a yearlong break beginning in September. Rupert revealed his decision as the company posted a 30.2 percent increase in net profits to 2.01 billion euros, or $2.59 billion, in the 12 months to March 31.
Pedro Lourenço, Rabih Kayrouz, Yang Li, Alexandre Mattiussi, Iris Van Herpen, Masha Ma and Olympia Le Tan
Seven designers will be in the running for the ANDAM Fashion Award this year, for a total prize fund of 250,000 euros. Composed of 23 industry professionals and sponsors, the jury has selected the following group of finalists: Alexandre Mattiussi for his contemporary menswear label named Ami; Olympia Le Tan and Iris Van Herpen who have both recently branched out into ready-to-wear from accessories and couture respectively; Maison Rabih Kayrouz for his ready-to-wear line launched in 2012, Brazilian designer Pedro Lourenço who has been presenting his collection in Paris since 2010, Chinese designer Masha Ma who produces her luxury collection between China and Europe and has recently started to do contemporary and finally, Australian Yang Li who has three collections under his belt and made his Paris debut last season.
This year, the jury is run by Renzo Rosso and the winners will be nominated the July4 in Paris.
An assambly held at the Camera’s headquarters voted for Mario Boselli to continue his presidency for a third consecutive year. Vice Presients and Consiglieri include: Patrizio Bertelli (Prada), Diego della Valle (Tod’s), Angela Missoni (Missoni), Ermenegildo Zegna (Zegna), Giovanna Gentile Ferragamo, Stefano Sassi (Valentino).
Richardson stars in Valentino‘s fall accessories campaign. The ads, shot in Rome at Studio Backspace, show fashion photographer Terry Richardson’s tattooed forearms, featured holding red Rockstud accessories against his signature white background. It’s quite a change for Valentino known for its aspirational glamour.
On today’s press conference for Pitti 2014 Gaetano Marzzoto talked about the efforts of the Pitti team regarding the brand’s need to expand internationally and use Pitti as a platform to reach other markets.
Travelling from China, Hermès presents Festival des Métiers at Saatchi Gallery in London. Allowing visitors to get up close to the production processes behind some of their most iconic goods, “Festival des Métiers unlocks the poetic and unique crafts that are the essence of the house of Hermès.” A behind-the-scenes glimpse into the construction of handbags, watches, fine-jewellery as well the opportunity to see their legendary scarves printed on-site.
Free admission 21 May – 27 May 2013, 10am – 6pm Daily. Duke of York’s HQ, King’s Road, London, SW3 4RY.