There has been hearsay about financial investing group Apax’s possible interest in buying out the majority of Escada’s shares. However, the Munich-based luxury fashion label confirms today that Apax is reluctant to take such action. Since last summer, Escada’s shares have dropped thirty percent. A new CEO will be assigned on April 17th in an attempt to restructure the fashion brand.
Known for his Indian-inspired work, English designer Matthew Williamson returns to Manchester to celebrate the exhibition of his 10 Years In Fashion at Urbis Centre. The collection of the designer’s contributions to the fashion industry has been featured at the Design Museum in London last October. Williamson was also the former creative director for Pucci.
British designer Anthony Cuthbertson is appointed to be the new creative director for German fashion house Rene Lezard. He has been the former creative director at Burlington and creative consultant for MaxMara. Cuthbertson will showcase both the men’s and women’s collections for Rene Lezard next fall.
A series of online journals called, 'Costumers And Plug Generation' is set to be launched by Ennio Capasa, mastermind behind Italian fashion label Costume National. This series of journals along with Capasa’s personal page will provide visitors the latest updates stemming from the fashion industry including campaign shoots and live commentary. Capasa is known for his use of subtle shapes, dark tones, and sharp tailoring, his personal page can be viewed here.
Delphine Arnault-Gancia advances to the position of Deputy Managing Director at Christian Dior Couture. Formerly Senior Vice President of Marketing, she has greatly contributed to the development of Dior Parfums. Arnault-Gancia is a billionaire business-savvy woman who also works with LVMH, the world’s largest luxury conglomerate.
Research Assistant: Zoe Su