Sep
 11
 2017



Christopher

Hello,

Welcome back to a new workweek and the latest edition of The Spin. With New York Fashion Week still taking place and Hurricane Irma hitting Florida, it was hardly a quiet weekend news-wise. Today we'll look at some headline-making stories from The States along with the latest from Milan, France and India. Enjoy the read and feel free to pass it on.... Wishing you a prosperous week ahead! Until tomorrow, Christopher



brands

Prada's plummeting profits. Prada reported financials for the first half of the year on Friday and the news was not good. It's profits for the period were €115.7 million, compared to €141.9 million the year before. CEO Patrizio Bertelli said (paywall) that improving its performance now "may take longer than expected." The company's stock price fell 11 percent in wake of the news.


Advertisement
ANZEIGE



Gucci and Dapper Dan: We're good. After receiving public backlash in May for including a puff sleeve coat in its 2018 cruise collection that was based on a 1989 model that Harlem designer Daniel "Dapper Dan" Day created with the LV logo, Gucci and Dapper Dan have settled their differences and are teaming up for a new collaborative collection that will debut in the spring. The luxury house will also support the reopening of the designer's Harlem atelier, which was shuttered in 1992, later this year and supply him with high-end fabrics.



Nike's "Off Campus." To mark the release of its new sneaker collaboration with ret-hot Off-White designer Virgil Abloh, who has redesigned 10 classic models, Nike opened a three-day art installation/event space on New York's Wall Street called Off Campus from September 6 to 8. Open to the public via an online ticketing system, the temporary pop-up featured artwork, live panel discussions with celebrities such as Spike Lee and a small selection of merchandise for immediate sale. Off Campus will be re-created in London this Thursday through Saturday.





markets

Wang's NYC concrete catwalks... Two participating designers in New York Fashion Week took their shows to the streets this weekend with mixed results. Alexander Wang placed his models on traveling buses as part of his #Wangfest presentation, which made surprise stops in two downtown Manhattan locations and a final expected one in Brooklyn and transformed public streets into Wang's runway.



...and Olivia Palermo's. Likewise, Olivia Palermo unveiled her latest see now, buy now collaborative collection (gallery) with Banana Republic in from of the store's flagship on Fifth Avenue but that presentation was marred when animal activists protesting Palermo's support of fur and leather rushed the podium and knocked down the models. The new collection does not employ any fur however.





retail

In no hurry (despite hurricane)... Major online retailers, including Amazon, are being criticized by customers in Florida who say that they did not deliver ordered supplies to prepare for Hurricane Irma in time even if they ordered them as early as Monday. Amazon apologized and said that the delays were due to weather conditions and offered to wave fees for the late merchandise. Other online retailers suspended service prior to the storm and said they won't fulfill orders until it had passed.



...and seeking a second home. In other Amazon news, the online behemoth announced last week that it is looking to build a second headquarters in an American city that's still to be determined. The Seattle-based company's news that it would spend $5 billion on the site and employ 50,000 people there immediately led to highly competitive promotions and pitches by numerous cities across the country. The Washington Post has already narrowed down the short list to 39 potential candidates.





people

Pierre Bergé passes away. Pierre Bergé, the business and life partner of Yves Saint Laurent who cofounded the YSL fashion house with him in 1961, died in his sleep on Friday in France at the age of 86 after a long illness. While the couple split personally in 1976 Bergé continued to lead the company as president until 2002. A lifelong supporter of the arts, he also served as president of the Paris Opera from 1989 to 1994.



Mama Musk. An unlikely model is making waves at New York Fashion Week: Maye Musk, the 69-year-old mother of tech billionaire Elon Musk. A professional model for more than half a century, the white-haired Musk, who is signed with IMG, opened the Concept Korea show on Friday and attended numerous red carpet events.





last

Orange is the new black. On Saturday 18 female inmates in India's Tihar Jail graduated from the Tihar Fashion Laboratory, a fashion-design course launched in February that was created to empower them with marketable skills upon their release from prison. The rehabilitation program focuses on pattern making, illustration, stitching and designing and the graduation ceremony included a showcase of the designs worn by other inmates and models.







logo-small   

is a product
delivered to you by
textilwirtschaft.de | Imprint