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Looks like big things are on the horizon for Christopher Kane. WWD reports that PPR, parent company of brands like Stella McCartney and Alexander McQueen, has inked a deal with the Scottish designer to but a fifty one percent stake in his company.
Alexander Wang‘s appointment at Balenciaga is quite a coup for the downtown designer, but also confusing. A young, contemporary designer at the helm of a 98-year-old French fashion house? Indeed, it sounds slightly off, but Balenciaga CEO Isabelle Guichot, Karl Lagerfeld, and more have all weighed in on why Wang was chosen to head the company. Today, it’s parent company PPR‘s turn.
Never a dull day in luxury land!
French businessman François Pinault, who runs luxury conglomerate PPR with his son François-Henri Pinault, is reportedly trying to purchase a division of Groupe Hersant Média, which owns several regional newspapers.
Despite the abrupt departure of head designer Nicolas Ghesquière, Balenciaga will not be without a leader for long, according to report yesterday from the AFP.
PPR chairman and CEO François-Henri Pinault has added his voice to the chorus of opinions surrounding Hedi Slimane‘s debut collection for Saint Laurent. As it turns out, he liked the show, but definitely did not like being pulled into the drama.
In a surprising turn of events, Linda Evangelista and François-Henri Pinault have reached an agreement in regards to child support for their son, Augustin. The duo made the decision via telephone yesterday.
Linda Evangelista and François-Henri Pinault were back in family court on Friday to negotiate child support for their son, Augustin. They’ve been in and out of hearings (publicly, at least) since the supermodel announced that Pinault was the father of her child in 2011. Pinault has reportedly not paid for child support.
It appears that at least one game of fashion house musical chairs is coming to an end. According to The New York Times’ Suzy Menkes, YSL will not only announce Stefano Pilati‘s replacement on Wednesday, but confirm that it is indeed Hedi Slimane.
By now you probably know that LVMH is trying to take over Hermès. Despite stating that “LVMH has no intention of launching a tender offer, taking control of Hermès, nor seeking board representation,” Hermès thinks LVMH’s intentions are less than noble. Yeah, they’re pissed. So in a move that said “F off, Bernard!” Hermès invited Salma Hayek to a cocktail party celebrating the opening of its Left Bank megastore. Hayek is, of course, wife to PPR chief (and LVMH rival) François-Henri Pinault.
When we think turbans, we think Prada. (We also think Sultan from Aladdin, but that’s besides the point.) When models paraded down Prada’s spring/summer 2007 runway in the Eastern-inspired headgear, they set off a virtual turban flurry that then quickly subsided. But alas! The turban is back in action!