Jil Sander has been sold to Japanese fashion company Onward Holdings for $244 million dollars. The London based private equity firm Change Capital appears to have been good for the house, handing them over to an excellent new home.“I like to say that Jil Sander was in quarantine because thanks to Change Capital, we cleaned up our act and successfully went from a designer house to a brand,” said Gian Giacomo Ferraris, chief executive officer at Jil Sander, during an interview at the Milan headquarters with WWD. “But this was the right moment to sell and now we can accelerate our growth process, increase revenues and improve margins.” Creative director Raf Simons will stay on.
Vogue India is at the center of a controversy that would make even a 20th century colonialist blush. Vogue India’s August 16-page accessories story of handbags, clutches and designer umbrellas, were modeled by average Indian people. Some 456 million Indians live on less than $1.25 a day making $200 Burberry umbrellas in huts a little offensive to more than a few people.
Halston is unlikely to hire a marquee name, instead focusing on an internal design team. Anyone curious about this spring collection should not that it was apparently conceived by Marco Zanini before the departure.
Diesel likes to party. A lot!
Coutorture favorite Oscar De La Renta has relaunched ecommerce. The site, designed by habitual enemies of usability and FLASH addicts Createthe Group, is similar in feel to the recently launched Calvin Klein ecommerce site (also a CreateThe project) giving us hope that perhaps a new era of selling products and showcasing information instead of pretending to recreate (and miserably) a store experience. But we trusted that CEO Alex Bolen wouldn't have it any other way. Heck, he even has Oscar guest blogging these days.