QUATAR FUND ACQUIRE BALMAIN

BALMAIN X H&M Collection LaunchThe French fashion house was started in 1945 by designer Pierre Balmain and has passed through several hands and periods of financial difficulty over the years.

Today a Qatari investment fund, already owner of the Italian Valentino label, will take over French luxury fashion house Balmain, which has become a favourite of film stars, the advisor for the acquisition announced Tuesday.

“After completing this transaction, Mayhoola for Investments will hold 100 percent of Balmain’s capital,” Bucephale Finance, specialists in mergers and acquisitions, said in a statement without revealing how much the Qataris paid for Balmain.

French financial daily Les Echos in reporting on the acquisition said the Qataris offered 485 million euros ($546 million) for Balmain, which is 70 percent held by the heirs of the former CEO Alain Hivelin who died in December 2014, with the remaining 30 percent held by management. Continue reading

BURBERRY, A FABULOUS STORY

burreburyEstablished in 1856 by Thomas Burberry, originally focusing on the development of outdoors attire, the fashion house has moved on to the high fashion market developing pattern-based scarves, trench coats, and other fashion accessories. The first shop opened up in the Haymarket, London, in 1891.

In 1914, Burberry was commissioned by the War Office to adapt its officer’s coat to suit the conditions of contemporary warfare, resulting in the “trench coat”. After the war, the trench coat became popular with civilians. The iconic Burberry check was created in the 1920s and used as a lining in its trench coats. Burberry also specially designed aviation garments. A.E. Clouston and Betty Kirby-Green made the fastest flying time to Cape Town from London in 1937 and were sponsored by Burberry. Continue reading

LOUIS VUITTON FRAGRANCES

VOYAGENext September, LVMH, the Luxury French trunk-maker, launches its fragrance collection. The label’s last perfume dates back to 1946. You can imagine how the new fragrance is eagerly expected.

The man behind the new scents is perfumer Jacques Cavallier Belletrud. The LVMH group has alreday worked with him for the brand, Bulgari. As he explained to Madame Figaro magazine in 2012, he was tasked with the mission of “creating the world’s best perfume.” It has taken four years of work to reinterpret Louis Vuitton’s olfactory world. Continue reading

MR. SMITH LEAVE BURBERRY

John-Smith-001Burberry announced on Friday that Chief Operating Officer John Smith has decided to leave the company to pursue new interests. Smith will part ways with the company and step down from the Board by the summer of 2017.

Smith served as Burberry COO since March 2013, and prior to that, he held a non-executive director position from December 2009. Before Smith joined Burberry, he served as Chief Executive of BBC Worldwide from 2004 to 2012. He joined the company in 1989 and also served as Chief Operating Officer, Director of Finance, Property & Business Affairs and Finance Director. Continue reading

RAFFLE SIMONS

SIMONSThe man, who did not like women, or the Calvinist of Fashion has just been nominated at Calvin Klein as Artistic Director. The press release does not mention the amount of the transaction.

For a little while, Raf Simons’ name was stated to replace Francisco Costa and Italo Zucchelli, who respectively were in charge of Women and Men design at Calvin Klein’s.

Raf Simons, who maltreated the Dior brand when he was the Dior designer, would be more successful with the American brand where the stakes are less important. He might do like Anne Valérie Hash: be bad in Haute Couture and good in Ready-to-Wear.

Continue reading

FASHION ICONS OF THE 1950s

50Women’s fashion of the 1950s reflected a complicated mix of conservatism and glamor. Women who had lived through the privations of the Great Depression and World War II were now able to afford new styles and embraced them all, from the elegance of grand, sweeping skirts to shorts and trousers.

Despite the mature, conservative look of major designers, a new feeling for casual attire crept onto the scene, as women increasingly began to wear pants, shorts, sportswear, and shoulder-revealing sundresses.

Christian Dior introduced the New Look in 1947. With its tight cinched waist, billowing skirt, and pronounced bust line, the New Look recalled historic styles of the mid-19th century and set the tone for the next decade. Continue reading

DESIGNERS LEAVE LORIS AZZARO

EXITThe designers Arnaud Maillard and Alvaro Castejon announced Wednesday night the end of their collaboration with the brand Loris Azzaro.

Arnaud and Alvaro arrived in 2013 as artistic director of the fashion house, and “we wish to thank them for their contributions over the years. They brought a new dynamic in the history of the brand by modernizing it while remaining faithful to the codes and the spirit of the founder, “says the general manager of Loris Azzaro.

The brand says in a statement that a new artistic director will be announced shortly and will be part of a process of creative will and expansion. No names were announced to replace the duo. Continue reading

DO IT YOURSELF

FAIT MAIN“Clothing must reflect the way we feel, and we must all feel free to express ourselves.” Gucci has explained how the fashion label’s new DIY service, allowing customers to personalise some of the brand’s products, was inspired by Creative Director Alessandro Michele.

The new project premiered on 25 May at the brand’s Milan flagship store and will be rolled out to other boutiques worldwide. A customisable version of the Dionysus bag was chosen to introduce it, but the service will be extended later to the Ace sneakers and the Princetown shoes, as well as to some items of men’s and woman’s clothing and to the ‘Made to Measure’ programme, dedicated to menswear. Continue reading

WHO IS DEMMA GVASALIA?

balenciagaThe Georgian trained at the Royal Academy of Fine Arts Antwerp in Belgium (alma mater of the likes of Dries Van Noten and Ann Demeulemeester) before leading design teams at Maison Martin Margiela and Louis Vuitton. Mr. Gvasalia was recently the primary designer behind Vetements, one of the coolest and most hyped labels to emerge in Paris in recent seasons. Its spring show on Thursday took place on the upper floor of a gaudy Chinese restaurant, and it attracted attention from style-set movers and shakers as well as celebrities, including Kanye West. Vetements was a finalist for the LVMH Young Fashion Designer Prize this year.

What is Vetements? By Morand Pascal! The label was founded as a creative collective by seven designers who initially remained anonymous because of contractual commitments elsewhere. Continue reading

RUNWAY AIRPORT 2016

HELSINKIAIRPORTHelsinki Airport and Finnair promote creations by top designers at a fashion show at the airport . Helsinki Airport will be transformed into the ultimate fashion catwalk where seven top designers from China, Korea, Japan, the UK, Sweden, Denmark and Finland will present their collections. The Fashion industry tries to find Continue reading

THE QATARI BUYS DIOR!

femmediorThe Qatari investment fund, Mayhoola For Investments, owner of the Italian fashion brand , Valentino, will go public beginning of 2016.

The IPO will make the brand worth 2 million of Euros. The objective is to reach a valorisation of 1 000 million of Euros

In 2012, Mayhoola For Investments bought Valentino 700 million of euros to the Investment Funds Permira. The Qatari fund also controls part of Anya Hindmarch and last April, it announced its intention of buying 30.7% of the Turk distributor of the brands Dolce & Gabbana and Dior.

In 2014, Valentino’s turnover amounted to 664 million of euros and in 2015 it should have intensified its growth. Continue reading