WWD Jan 15 - Wwrsd.org
Transcription
WWD Jan 15 - Wwrsd.org
DAILY EDITION 15 JANUARY 2016 Fashion. Beauty. Business. 1 Top Line Burberry and Richemont were both hurt by jittery tourists, helped by mainland China in the third quarter. Spaced Out Y-3 and Virgin Page 3 Galactic team up to create a space-apparel system. Page 4 Fall Collections 2016 Dun Deal Peter Dundas will begin the shows in Milan by unveiling his men’s wear collection for Roberto Cavalli. His effort will seek to keep the signature of the house intact while moving the line in a more modern direction. Photograph by PIOTR NIEPSUJ For more on the Milan men’s shows, see pages 5 to 11. Surviving Milan Eat, drink, shop, relax: Hot spots to hit during fashion week. Page 11 3 15 JANUARY 2016 BUSINESS Burberry, Richemont See Shifts In Revenues ● Hong Kong, Macau remain problematic for both firms. BY SAMANTHA CONTI Jittery tourists, unseasonably warm weather and declining sales in Hong Kong and Macau stung two of the luxury industry’s biggest names, while the Mainland Chinese consumer made a surprise comeback in the key third quarter. Burberry Group and Compagnie Financière Richemont both flagged uneven tourist patterns as a drag on sales in the third quarter on Wednesday, near the time when a shopping area in Jakarta, Indonesia, was attacked by terrorists leaving at least seven dead. Earlier this week a suicide bomber killed 10 people, most of them German tourists, in central Istanbul, near the Blue Mosque, a popular attraction. International travel warnings remain in place, with an alert for U.S. citizens lasting until Feb. 24. French fashion’s governing body said it was working with police to step up security ahead of the upcoming men’s wear and couture shows later this month. Burberry said in its trading statement that third-quarter results fell short of internal expectations, remaining flat at reported rates and increasing 1 percent on an underlying basis. Sales in the October to December period were 603 million pounds, or $917 million at average exchange for the period in question, in what chief creative and chief executive officer Christopher Bailey called “a tougher environment than expected” for the luxury sector as a whole. The company attributed its shortfall to the repeated devaluation of the yuan, the warm winter weather, political instability in the Middle East, and “uncertain” tourist patterns developing since the November terrorist attacks in Paris. Burberry saw a decline in sales following the atrocity, which left 130 dead and hundreds injured, and Carol Fairweather, Burberry’s chief financial officer, added that it “affected sentiment generally, and in terms of tourism.” Richemont, with its core business in very high-end watches and jewelry, saw sales increase 3 percent on a reported basis, and decrease 4 percent in constant currencies for the quarter. Both companies pointed to a revival in domestic Mainland Chinese consumption, and the continued shrinkage of business in Hong Kong and Macau. Once glittering, high-margin markets for both brands, Hong Kong and Macau have lost their luster due to political troubles and a decline in Mainland Chinese tourism. During a conference call, Burberry’s Fairweather said accessories had been more resilient than apparel against the tougher macroeconomic backdrop, with the brand’s new rucksack, Banner bag, small leather goods and scarves all performing strongly alongside ponchos, dresses and the new, lightweight cashmere trench. Fairweather called the contracting business in Hong Kong and Macau “severely damaging” to the company’s third-quarter results. She also noted that Burberry’s stores in Hong Kong, however, remain profitable and that the brand is taking steps to manage its costs as it works on getting customers through the door and spending on big-ticket items. The Europe, Middle East and Africa region saw midsingle-digit growth with strong performance in Italy, Spain and Germany, which Fairweather attributed to a combination of tourists and a return to growth among domestic, continental European customers. Italy and Spain continued to deliver growth in excess of 20 percent, while France slowed. The U.K., which accounts for more than one-third of the region’s retail revenue, RETAIL Sears to Close Some Stores ● Company’s factored accounts primarily involve apparel vendors. BY VICKI M. YOUNG WITH CONTRIBUTIONS FROM LISA LOCKWOOD Sears Holdings Corp. has store closures in mind for the first quarter. “We will be closing some Kmart and Sears stores in various cities across the country,” a spokesman said. He declined to disclose the number of stores that will be shuttered, noting only that “it’s a very small percentage” of the company’s store count and that the doors impacted will be primarily Kmart sites. As of the third quarter ended Oct. 31, Sears Holdings operated 952 Kmart stores and 735 Sears stores. “The store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business became more challenging the company said, with a slowdown from traveling customers, primarily from China and the Middle East. The trend is most likely related to the strength of the pound compared with the euro. Burberry said the growth in Mainland China came from a combination of increased footfall and conversion rates, helping to offset a comparable sales decline in Hong Kong that was more than 20 percent. Fairweather said the growth in Mainland China was also underpinned by the brand’s holiday program, which featured a marketing film based on “Billy Elliot,” and starring the likes of Sir Elton John, Naomi Campbell, James Corden and Rosie Huntington-Whiteley. Richemont said trading in the Asia-Pacific region continued to be challenging. It said the rate of sales growth continued to improve in Mainland China, where Hong Kong and Macau both reported significantly lower sales. The firm’s European growth was tarnished by the Paris terrorist attacks: Compared to the first six months of the current year, the company said the slowdown in third-quarter sales “largely reflected weak trading in Europe,” due to lower levels of tourism. Third-quarter revenues at the parents of brands including Cartier, Van Cleef & Arpels, Panerai and Dunhill totaled 2.93 billion euros, or $3.21 billion. Jewelry continued to enjoy growth across most regions and product categories, partly compensating for weak demand for watches. Sales in the Americas region continued to be subdued, while growth in Japan pressed on, albeit at a lower rate, than during the first six months, largely due to increasingly challenging comparatives and seasonal factors, in particular Chinese tourism, Richemont said. The Middle East and Africa continued to show limited growth. Looking ahead, both Richemont and Burberry conceded that the challenging trading environment is likely to prevail in the final quarter, ending March 31. Richemont noted that its operating profit for the year as a whole will also be negatively affected on a comparative basis by a non-recurring property disposal gain, while net profit for the year will benefit on a comparative basis from the non-cash gain relating to the creation of Yoox Net-a-porter Group. Burberry, meanwhile, said it expects adjusted profit before tax for the full year ending March 31 to be broadly in line with market forecasts, and supported by a further reduction in management bonuses, additional discretionary cost savings, and a boost from foreign exchange rates. Fairweather said that during the last few months Burberry had identified a further 5 million pounds, or $7.2 million, in savings, in addition to the 20 million pounds, or $29 million, already announced. All currency conversions are at average exchange rates for the periods in question. model,” the spokesman said. Separately, market and financial sources have voiced concern about whether orders to Sears would be approved by factors. On Thursday, sources said at least one unnamed factor has elected not to approve an order, although a credit analyst said it was likely because the financing firm had no other exposure to the retailer and “didn’t want to get back in.” Factors that are still approving orders to Sears for the most part have been checking orders on a case-by-case basis for several quarters now. Apparel vendors are concerned that there could be a tightening of credit lines in connection with Sears accounts or a higher FASHION Paris to Step Up Security at Upcoming Shows ● The men’s shows are slated to run from Jan. 20 to 24, and couture displays from Jan. 24 to 28. BY LAURE GUILBAULT With Paris still on edge following terror attacks last November that killed 130 people, “a very special attention” will be paid to safety during the upcoming men’s wear and couture shows, French fashion’s governing body said. The Paris men’s shows are slated to run from Jan. 20 to 24, and the couture displays from Jan. 24 to 28. “There’s a close cooperation between the Fédération and its members, the state services and Paris police prefecture,” Pascal Morand, executive president of the Fédération française de la Couture du Prêt à Porter des Couturiers et des Créateurs de Mode explained to WWD. “Recent tragic events induce us to increase vigilance.” Morand noted police stations in arrondissements where shows are being held would be implicated. Among recommendations that the federation has made to the houses are the control of identification cards and bag checks at catwalk venues. How the measures will be implemented will depend on the houses and the venues, Morand said, noting details aren’t revealed deliberately so as not to undermine their efficacy. “Security of our guests is always a priority, in any context,” a spokesperson for Chanel said. “Chanel is working closely with the police prefecture and state services and will reinforce its security plan in accordance with safety instructions of the authorities.” For the time being, shows’ locations aren’t listed on the official schedule, up on modeaparis.com. Instead, it reads: “See invitation.” Some 500 journalists have been accredited for Paris men’s shows and 700 for the couture’s collections, numbers that are roughly in line with January 2015, according to the Fédération, noting that doesn’t mean all will come. surcharge from factors. A separate Sears spokesman said the company has significant financial flexibility and the means to meet its obligations to vendors. “We’ve had no material interruptions in the flow of goods to our company,” he said. “We have the financial resources to deal with vendors directly,” noting that the company communicates with its suppliers regularly. He added that “less than 3 percent of our gross inventory is factored, [representing] a very small percentage of Sears Holding Corp.’s overall business.” He also acknowledged that the factoring is in connection with the apparel side of the business where the vendors are typically smaller in size. 4 Fashion Scoops A NEW MAN There’s been a changing of the guard in Bloomingdale’s fashion office. Justin Berkowitz has joined the retailer as fashion director of men’s. He will report to Kevin Harter, vice president for fashion direction of men’s and home. He succeeds Josh Peskowitz, who recently left Bloomingdale’s to open his own men’s store in Los Angeles. That shop, Magasin, a new men’s multibrand store, is expected to open on Feb. 20. Berkowitz was most recently senior market editor for Details, and previously held editorial positions at Teen Vogue and Marie Claire. — JEAN E. PALMIERI BLAST FROM THE PAST Tiny tiaras served up on platters greeted guests at the Nasty Gal West Hollywood store Wednesday evening. They were there to toast the launch of the Nasty Gal collaboration with Courtney Love — Love, Courtney by Nasty Gal. News first broke of the 18-piece collection late last year on Instagram causing a stir among die-hard fans. But in the stockroom at the back of the store Love and Nasty Gal founder Sophia Amoruso said so many styles were left out that there could be a sequel in the works. “We’re talking about it,” Love told WWD. Amoruso added: “If there’s demand. I mean, it feels really good. It was so easy and there’s so much left to do. There’s a lot of Courtney kind of touch points that we didn’t even cover, like shipwreck Courtney and flapper Courtney and Peter Pan-collar Courtney.” What debuted is a collection of shoes and apparel ranging from $48 to $188 and includes some of the usual suspects from the Nineties, modernized as Love explained. There’s mary janes jazzed up on the heel with sparkling rhinestones and a baby doll slipdress, which Love wore to the party and described as more of an “old school” look. That’s in addition to lace underwear, a pair of stilettos, a full lace bodysuit and a satin maxi slipdress with lace detailing. The nine-month project stemmed from Love’s own desire to do something in fashion that was successful. “I was making nut-job clothes,” Love said. “Seriously, I was cutting up Edwardian dresses and putting them with Twenties dresses and it cost me a fortune. I wasn’t going to sell them but I really, really wanted to get into fashion.” Love’s agent suggested teaming with Amoruso and, at the urging of her daughter and after reading Amoruso’s book, “#GirlBoss,” she felt a collaboration made sense. “It was a big team effort,” Love said. “[Amoruso] has a good, tight ship and runs it very well and it was really fun and as Sophia used the word today, it was sort of effortless.” — KARI HAMANAKA Several designers are showing on the runway during London Fashion Weekend. FASHION British Designers to Stage Consumer-Facing Shows ● London Fashion Weekend is gaining momentum as consumers take charge. BY LORELEI MARFIL LONDON — In an effort to cozy up to the end consumer, several British designers are staging runway shows during London Fashion Weekend, which takes place on Feb. 25, two days after the end of London Fashion Week. The move comes at a time when the fashion show system is being rethought by numerous designers and brands, especially in New York. As reported, the Council of Fashion Designers of America has commissioned Boston Consulting Group to explore the viability and logistics of consumer-oriented fashion weeks. The London event, to be held at the Saatchi Gallery near Sloane Square, will feature Emilia Wickstead, Holly Fulton, Mary Katrantzou and Temperley London. The BFC plans to showcase one designer per day, with the runway show repeated about two to four times throughout the day. According to a BFC spokesman, the event has “seen an increase in interest from both global and British brands to be involved with London Fashion Weekend, as the event offers the opportunity to reach a targeted and focused consumer audience of more than 16,000 people.” While the British Fashion Council has received requests from designers to participate, they have limited themselves to highlighting one designer per day. This allows the brand to “own the day, and it ensures maximum eyeballs on the collection,” he added. Last season’s edition saw Christopher Raeburn, House of Holland, Issa London and Peter Pilotto showcase their collections. Raeburn, who presented his fall 2015 collection, said it was a prime opportunity to test the waters directly with consumers. “It was a very positive and professional experience,” Raeburn said. “I was able to do an interview beforehand discussing the brand, which delivered a more informed approach and generated a stronger reaction from the public. Staging the catwalk show enabled us to open up opportunities to expand our visibility and presence as a brand, and it worked well as it continued to showcase the fall collection as it was dropping into store.” This was Raeburn’s first consumer catwalk show and the designer noted he would be open to participating again. Henry Holland also joined Raeburn, showing his line the same year. “We decided to take part, as I’m interested in refocusing catwalk presentations to be a more consumer-facing event. London Fashion Weekend is the only event of its kind that is working on this,” Holland said. “I personally feel like fashion shows are no longer a closed industry event exclusively for buyers and the press,” he told WWD. “Social media means that images from the shows appear in your customers’ timeline the minute they happen in real time. As such, showcasing collections that are immediately available seem to me to be the future of the fashion show. “Our experience was great, we definitely felt an uplift in social media traction around the weekend — and also afterward. It is hard to collect clear sales data, but last season we launched men’s wear on the LC:M schedule with the collection made available in store and online, alongside the presentation. I feel like from a business proposition this time line makes sense.” Holland believes consumer shows are the future of fashion. “We saw Marc Jacobs and Givenchy both involve their consumers last fashion week. House of Holland also invited 100 of our best consumers to our show in September, as I feel like ultimately the marketing and money spent on these events is ultimately to generate consumer interest and interaction — and sales.” Recently, London Fashion Week has seen designers including Tom Ford, Thomas Tait and Hunter explore new ways of reaching their customers. Tom Ford has experimented with different formats, including a fashion film featuring Lady Gaga directed by Nick Knight. Thomas Tait plans to renounce his London catwalk show in favor of one-on-one presentations in Paris, while Hunter’s plans include reaching its audience through music festivals and retail stores. “Over recent years, there have been many conversations about how we blur lines between London Fashion Week and London Fashion Weekend, as designers increase consumer engagement in shows through social, live-streaming and, for a select few, the show experience,” Caroline Rush told WWD last year. “There is no doubt in future seasons these lines will blur even more as designers opt to do in-season shows. However, we need to ensure those businesses that rely on platforms such as fashion weeks to reach new wholesale partners and media continue to have the opportunity to do so.” The biannual, four-day consumer event, held at the Saatchi Gallery, will host runway shows, designer talks, shopping galleries and trends presentations. The shopping area will see 150 brands on sale, including Fyodor Golan, J. JS Lee, Linda Farrow, Mawi, Paper London, Pringle of Scotland and Osman. The event will host a series of designer talks with fashion industry figures, including Charlotte Olympia’s Charlotte Dellal, Emilia Wickstead, Katharine Hamnett, Nicholas Kirkwood, Pam Hogg and Premier Models founder Carole White. Launched in 1998, the event was created to help designers clear their merchandise. Recently, the British Fashion Council has curated the initiative with a consumer focus. Ticket prices range from 20 pounds, or $28, for a bronze ticket to 145 pounds, or $208, for a luxe ticket. FASHION Y-3, Virgin Galactic Collaborate on Space Apparel ● Y-3 has revealed a pilot flight suit and prototype flight boot. Adam Wells and Lawrence Midwood with a flight suit. BY LISA LOCKWOOD Courtney Love and Sophia Amoruso at the Nasty Gal store in West Hollywood. Y-3, a fashion collaboration between Adidas and Yohji Yamamoto, has forged a partnership with Virgin Galactic, for a space-apparel system for Virgin Galactic’s pilots, future astronauts and the operations team in Spaceport America. Y-3 unveiled a prototype of the pilot flight suit and a prototype flight boot at Spaceport America in New Mexico, home to Virgin Galactic’s Gateway to Space terminal. The flight suit is being designed to fully support a pilot’s natural seating position as identified through a series of tests and trials with the Virgin Galactic pilot corps. The flight suit is constructed from Nomex Meta Aramid materials through a 3-D engineered pattern. Lawrence Midwood, senior director and designer at Y-3, said, “Space travel is one of the most exciting developments of our generation….The pilot flight suit prototype that we have developed truly represents both of our brands and, more importantly, will ensure comfort, functionality and support for the pilots of the world’s first commercial space flights.” In addition to the pilot flight suit and boot, a bespoke limited-edition Y-3 and Virgin Galactic partnership jacket has also been revealed. Y-3 photograph by Nathan Gallagher; Love and Amoruso by Getty Images; Models courtesy of the British Fashion Council 15 JANUARY 2016 5 15 JANUARY 2016 Pitti The Personalization of Brunello Cucinelli DESIGNER: Brunello Cucinelli INSPIRATION: In keeping with previous seasons, the luxury brand aims to blend formalwear with casual elements to deliver an effortless, elegant wardrobe. KEY STYLE: Tailored double-breasted jackets in traditional men’s patterns pair with ripped denim pants, while sartorial trousers coordinate with soft sweaters with a relaxed fit as well as T-shirts. The brand also delivers a range of outerwear, from tailored coats to precious yet sporty shearling hooded jackets with zippers. The color palette focuses on gray, brown and blue tones with some accents of dark red and purple. Furla DESIGNER: Fabio Fusi INSPIRATION: In an effort to become a lifestyle brand — and a year after it launched a men’s division — the family-owned company continues to expand beyond handbags with footwear, scarves, eyewear and small leather goods. Fusi insisted “all styles are trans-generational and genderless,” and the line is particularly successful in Asia, where the firm is slated to set up its first freestanding men’s-only store in the second half of 2016, according to chief executive officer Eraldo Poletto. Japan accounts for 25 percent of its total business. KEY STYLES: The label’s totes have emerged as bestsellers. They come with multiple compartments for techies, some are reversible for more color options and others, such as the “007,” can be stacked one on top of the other. PRICES: Bags start at $531; shoes retail from $260. David Marc DESIGNERS: Marco Efrati and David di Porto INSPIRATION: Founded in 2013, this eyewear label is strictly made in Italy — by hand, in two tiny factories in Veneto, where artisans infuse the styles with a vintage look. “If it’s not handmade, I don’t see the point of doing it in Italy. But I think people today have a perception of value. They want to know what they are paying for,” Efrati said. The materials, such as acetate, leather and hypoallergenic stainless steel, are sourced locally — with the exception of Zeiss lenses, which come with an antiscratch coating. KEY STYLES: The Johnny, a round multicolored frame, and the Alberto, which boasts a dainty leather frame, have emerged as bestsellers. PRICES: From $172 Grenson/4 DESIGNERS: Tim Little, owner of Grenson; Shinsuke Takizawa, founder of Neighborhood, and Kazuki Kuraishi, founder of The Fourness. INSPIRATION: The three designers teamed with the Grenson factory to create a brand called 4, representing the four parties involved. They created four shoe styles in four different color- ways, inspired by the company’s triple-welt classics, handmade in the U.K. KEY STYLES: The new models are reinterpretations of Grenson’s toe-cap derby boot, the monkey boot, a tall derby workboot and a derby shoe. Colorful elastic gussets add pop and encourage “sneaker-type of people like me to discover the beauty of well-made shoes,” as Kuraishi put it. PRICES: $575 to $592 ● Customization was the buzzword at the fall edition of the men’s wear fair. By PAULINA SZMYDKE, ALESSANDRA TURRA and ALEX BADIA Photographs by JASON JEAN Arts and craft ruled at Pitti Uomo, the bellwether men’s wear fair, which ended its four-day run here on Friday. The trend was perhaps less of an homage to the city’s artisan heritage than an opportunity for struggling retailers to reinvigorate their offerings, as customers are increasingly spending their money in online channels rather than conventional retail stores. “It was a pretty tough season for most retailers. The desire for reinvention is high and that makes Pitti so relevant,” noted Josh Peskowitz, cofounder of Magasin, a new men’s multibrand store in Los Angeles, slated to open Feb. 20. “Exclusivity and customization are really important today, and crafts and arts can help with that. It’s like the farm-to-table food movement. People are starting to treat clothing in the same way.” Grenson brand director Joe Hutchings said made-to-order and designer collaborations have risen significantly in the company’s own U.K. factories, which will mark their 160th anniversary this year. “Retailers need a point of difference and customized styles give people something to talk about,” he noted, adding that in July, the firm would set up a “school” to explain to clients how its shoes are produced and allow them to be personalized. To help buyers pick the cherries, Pitti expanded the “Make” section of the fair with a group of 43 craftsmen it scouted from around the world, including Title of Work. The label said its handcrafted jewelry made in New York grew to 30 percent of its offering, up from 10 percent only 18 months ago. “Fall has been our best season yet,” said designer Jonathan Meizler, who cited local production as an asset for smaller, short-term deliveries. Paris-based neckwear specialist Maison F, whose business dates to the 17th century, said exports rose 42 percent. “Everybody says ties are in free fall, but we don’t see that. As long as they are different, they sell,” said François-Régis Laporte, Maison F’s creative head. Hirofumi Kurino, United Arrows’ creative director, agreed that craftsmanship is on the upswing. “It is a solution for men’s fashion. People will still buy expensive clothing, but they need a reason for it. Fabric, production and history are becoming very important,” he said, lauding this season’s fair for its diverse offering, although he noted that traditional tailoring was on the losing end. “We are going back to our roots for fall, to the rustic side of fashion: tweed, alpaca, mohair — all the hairy fabrics — and warm colors such as orange, burgundy and the full range of browns will be key. Knitwear is very strong because of [climate change], and so is functional wear,” he said. The fair’s arty theme was right up Eric Jennings’ alley. The vice president and men’s fashion director at Saks Fifth Avenue, which is slated to open several doors, including a men’s-only venue in Manhattan in 2017, was stocking up on “anything that would animate the new stores.” “We have connected with a lot of people in the Make section. We are also looking for a shoe repair service and grooming kits — so, not just apparel but lifestyle elements that would create a moment of surprise.” Kurino, meanwhile, revealed that United Arrows would set up its second Tokyo flagship in the city’s upscale Roppongi district in September. “It will be four times as large as the existing one and stock higher-priced items. We will also put in place an elite service team…because at the end of the day, what counts is merchandising and presentation.” 6 Victorinox INSPIRATION: The Swiss army knife-maker is growing its apparel business, hoping to generate low double-digit increases in the division in coming years, according to Jason Gallen, president of global fashion. Outerwear, its best-selling category, currently represents 30 percent of total volume, followed by woven shirts 15 JANUARY 2016 and sweaters. KEY STYLES: For fall, the The Reviews brand is venturing into ath-leisure with laser-cut and water-repellent sweatshirts; it’s also launching denim. The traditional five-pocket styles in 11.5 oz. and dark washes are made in U.S. and in collaboration with Reprieve, which turns recycled plastic bottles into new product. PRICES: Denim sells for $165 a pair. Ath-leisure items range from $125 to $195. Blauer Champion by Beams DESIGNER: Enzo Fusco INSPIRATION: The North INSPIRATION: The brand American outerwear specialist, acquired by Italian FGF Industry in 2001, is marking its 80th anniversary with a capsule collection. KEY STYLES: Building on the brand's tradition, the capsule includes 20 signature men’s pieces with a vintage flair, including a police jacket, soft sweaters, T-shirts and denim pants in different washes. Colors range from navy to mélange gray with neon green accents. PRICES: From $55 for T-shirts to $306 for outerwear. and Japanese retailer teamed up to present a collection of classic sportswear staples in sweatshirt fleece. KEY STYLES: The lineup, available in light gray or black, features a reedition of Champion’s signature “Reverse Weave” sweatshirt, now presented in a version with a high-tech coating that makes the piece water-repellent. The collection also includes varsity jackets, bombers, T-shirts and slouchy pants, all with minimalist styling. PRICES: $66 to $273 The Sartorialist by Roy Roger’s Schuman INSPIRATION: Italian denim specialist Roy Roger’s has joined forces with street-style photographer Scott Schuman of The Sartorialist to create two capsule collections. The first launched at Pitti Uomo this week. KEY STYLES: Infused with a Seventies’-inspired vibe, the fall capsule includes pieces crafted from high-end materials. Schuman created a shrunken suede bomber, which he paired with high-waisted, slightly flared denim pants and a fitted wool turtleneck sweater. A parka with a utilitarian feel is offered in an oversize silhouette. PRICES: Jeans are $217; shirts and jackets sell for $164 and $1,093, respectively. MC2 Saint Barth DESIGNER: Massimiliano Ferrari INSPIRATION: Established in 1994, the brand offers numerous beachwear options featuring bold, playful prints, for men, women and children. For fall, MC2 Saint Barth teamed up with Italian fashion power consultant Olmes Carretti, the creative mind behind some of the brands that characterized the Eighties and Nineties, like Best Company and Henry-Lloyd, to develop a signature outerwear piece. KEY STYLE: Available in two different fabrics and in several color variations, including bright primary tones as well as military green and light blue, “The Voyager” is an urban jacket with a sporty feel. Inspired by sailing styles, this Windbreaker is crafted from water-repellent materials and includes polyurethane inserts, a thermo-stitched hood and big, functional front pockets. PRICES: “The Voyager,” retailing for $294 at select multibrand stores as well as the brand’s boutiques. Knitbrary DESIGNER: Yolanda Estévez INSPIRATION: Founded in 2011 in La Coruña, Spain, the brand, which is carried in about 200 international stores, offers luxury handcrafted knitwear made from precious yarns sourced from around the world. KEY STYLES: For fall, the brand focused on Peru, where Knitbrary enrolled local artisans to handcraft sweaters in alpaca and vicuña. These include supersoft styles in a chic combination of baby blue and brown, as well as an extra-thick option, weighing around four pounds, worked in a mélange of green and brown hues. PRICES: $874 to $3,824 at retail Juun.J Pitti Uomo guest designer Juun.J gave his spirited fall collection a futuristic spin, sending out a gang of daredevils clad in embossed, heavy leather, felted wool and lots of shearling rendered in his signature pumped-up volumes. Cropped leather tops harkening back at football’s protective gear and padded numbers, including sleeveless biker jackets and matching pants, infused the dynamic lineup with an imminent sense of battle, while almost every item came with a concise, one-word message printed or embossed on the fabric. “Genderless,” “boundary-less” and “paradigm-less,” they proclaimed in Twitter-friendly fashion. Elsewhere — in keeping with the city’s traditions — the designer paid homage to Florentine tailoring via long and luscious soft-shouldered coats. As they were partially sliced into panels and mixed with extralong scarves, they let off an air of fetish elegance with a “Matrix” vibe. “[This is] my vision of the future, a kind of post-chaos city, [where] the remaining people wear this,” Juun.J said of his apocalyptically tinged show. A lack of color further fed into the somber, cyberpunk mood. — Paulina Szmydke Juun.J photograph by Giovanni Giannoni DESIGNER: Scott 7 15 JANUARY 2016 TWEED TEXTURES Wooster + Lardini KNIT BLAZERS Falke MILITARY Norwegian Rain COLORBLOCKED SNEAKERS Filling Pieces WOOL GEOMETRIC TIES Breuer PITTI UOMO: TRENDS The categories that will move the needle for fall. Photographs by JASON JEAN Adidas photograph by Giovanni Giannoni White Mountaineering × Adidas Originals If you ask Yosuke Aizawa, it’s all about the stripes. During a preview of his secondseason collaboration with Adidas Originals, for fall, the designer admitted he’s been obsessed with making the German brand’s trademark look “fashionable.” So he used the three stripes as patterns on knitted V-neck sweaters and as embellishments on technical overcoats — the ones guys (or girls for that matter) often crave on their way back from the gym in the city. There was a handsome take on the traditional tracksuit, which Aizawa revved up via clever layering — cue a nylon tunic worn over a pair of compression pants, topped with a retro-tinged sweater. The season’s separates offered plenty of salable options, which the team lit up by an impeccable choreography of rotating neon triangles. Though the collection could have used a stronger fashion spin, it stayed true to Adidas’ rich, athletic heritage through a novel style of the recently launched NMD sneaker as well as a new take on the brand’s SeeUlater shoe from the Nineties. Its chunky sole spiced up with a Primeknit upper will surely make a speedy segue to city streets and country alike. — Paulina Szmydke SOFT HATS Satya Twena FLAT LENSES Kyme OVERSIZE BACKPACKS Filson NINETIES SILHOUETTES Pringle of Scotland UNCONSTRUCTED COATS Cini Venezia 8 15 JANUARY 2016 BUSINESS New Money, New Attitude from its peers because, in addition to the resources, it also has operative and industrial expertise. Here, he discusses the way private equity funds can help brands get to the next level. ● Francesco Trapani of investment firm Clessidra says small to midsize Italian firms are realizing the need for new skill sets — and funding — to thrive in today’s environment. What are Clessidra’s assets and strengths? Clessidra is a different animal in the private equity arena, compared with others, as it has financial as well as corporate and industrial expertise. Medium-sized Italian companies need experience not only in finance, but they also have to map out objectives, strategies, operations and expand in other countries such as China, launching products with a 360-degree vision. Clessidra is particularly interesting for medium-sized companies. Could this lack of operative vision be the cause for Italy’s dearth of luxury conglomerates? The most important stall comes from the individualism typical of Italians, which has prevented anyone from putting together a big group. I myself talked a lot with families before selling [Bulgari] to LVMH, but in the end did not succeed — they are afraid of losing control. This is still the case now, but to put together a luxury group today would need a structure that is not feasible. If someone decides to sell, it would be difficult to buy because the big international groups, from LVMH and Kering to Richemont and Qatar, would not allow it, By LUISA ZARGANI It may not have turned into love yet, but Italian entrepreneurs and designers are shedding some of their proverbial wariness toward finance and private equity funds. Recent transactions include some of the top luxury goods names in the country, from Valentino and Versace to Roberto Cavalli and Buccellati. In 2014, Qatar-based Mayhoola for Investments acquired its first men’s wearonly Italian luxury brand, Pal Zileri, from a group of Italian entrepreneurs, including the Barizza, Bellet, Miola and Ghiringhelli families, two years after buying Valentino from Permira. Emir Sheikh Hamad bin Khalifa Al-Thani also bought the Four Seasons hotel in Florence from brothers Marcello and Corrado Fratini. Tamburi Investment Partners SpA, or TIP, in 2014 closed a fund-raising initiative through its new Tipo branch, taking minority stakes in midsized Italian firms to help them grow, acting as a figurative “glue,” said president and chief executive officer Giovanni Tamburi. In 2013, TIP invested in Ruffini’s holding company, Ruffini Partecipazioni, indirectly buying a stake in Moncler, which went public at the end of 2013. Ruffini also allowed The Carlyle Group into Moncler in 2008, selling a 48 percent stake to help grow the brand exponentially. Carlyle exited in June 2014. One of Italy’s most famous fashion families, the Versaces, agreed to sell a 20 percent stake to Blackstone Group in 2014, aiming to develop the brand globally and go public. This strategy mirrors that of the Cimmino family, who sold a 35 percent stake in preppy brand Harmont & Blaine to Italian private equity firm Clessidra SGR in 2014. Clessidra has been among the most active funds, buying a 70 percent stake in Milanese jewelry firm Buccellati from various members of the Buccellati family in 2013 and the Roberto Cavalli company from the designer last April. Why have Italian families been hesitant before, and are now opening up to the world of finance now? Francesco Trapani, a shareholder and chairman at Clessidra, who is also executive vice chairman of the fund and chairman of Cavalli, thinks it has to do with a traditional reluctance to cede control, particularly with family-run businesses. But these small to midsized firms are realizing that in order to grow and thrive in today’s fast-changing and ultracompetitive global market, they need sophisticated managers, new expertise — and additional funding. Trapani, a former Bulgari ceo who was also chairman of LVMH Moët Hennessy Louis Vuitton’s watches and jewelry division, believes Clessidra is in a unique position, having cultivated the Italian market for years, differentiating the fund private equities but all with the same logic. With Harmont & Blaine, we have 35 percent of the company, but we have a relative majority, meaning each shareholder has around 16 percent, so we can appoint the ceo and financial director. Clessidra was rumored to be eyeing Versace, but the family did not want to relinquish control. Is that why a deal did not materialize? Yes, I think Clessidra looked at the dossier, but that was before I joined. You can never say never, we wouldn’t usually do a minority operation, but if the company is beautiful and not too expensive, why not? In this case, it was a lot of money without having a majority stake and this is not a fit for Clessidra. Could you identify Clessidra’s potential targets? This is a country rich in small and medium-sized companies, often competing against each other, and in fragmented sectors. We intervene on succession issues or flank companies on their investments. They are usually domestic champions based in Italy, but they already have an international exposure. We can either buy a single company or develop business through the acquisition of firms in the same sector. For example, we publicly listed asset manager Anima, but we created it, putting together many different asset managers. In fashion, this could be done on the production pipeline or with companies that have licenses. When and how does Clessidra generally exit its investments? Is the Bourse the most logical exit? Usually the cycle is three to five years. To relaunch Cavalli, it may take five to six years. As for the Bourse, it depends on the moment and the sector, it’s unpredictable. How has the market changed? It’s increasingly a global market. More than 30 years ago, if you traveled you would see local brands or some luxury label. Today it’s the opposite. Yes, the market is bigger so there are more opportunities, but there is more competition, business is more complex, so companies need sophisticated managers and financial means. For this reason, entrepreneurs are more open to alliances than before, they “The market is bigger so there are more opportunities, but there is more competition, business is more complex, so companies need sophisticated managers and financial means.” Francesco Trapani they have the financial means and they invest to create synergies. Unless different families fuse their activities. Renzo Rosso is building his own group with OTB, though? This is different from luxury. What drew you to Clessidra? I had held executive roles for more than 30 years, so I was tempted by the opportunity to take on a more varied and entrepreneurial job. The LVMH experience was extraordinary, Bernard Arnault is a fascinating businessman, with qualities outside of the ordinary and very positive, but I wanted to become once again in charge of my time. Clessidra can be an interesting opportunity. What are the motivations and guidelines behind Clessidra’s investments, which appear quite diverse? Clessidra is an opportunistic fund, with a focus on Italy. We look at investments in different industries wherever there is a creation of value. It’s normal for investments to be different, but they are more similar than they appear. Taking a majority stake is our rule of thumb, and full governance is generally our model, but there are exceptions. Such is the case with Istituto Banche Popolari, a deal that involved different are more available. I’ve seen the change over the past 12 to 18 months. They know this will allow them to become more sophisticated and stronger in order to be more aggressive. Private equity funds can be an important tool also for those that want to keep control. These can even let a fund in with a 51 percent stake, and then maybe go public and the fund leaves with its stake and the former owner buys it back. From the day the fund entered and then exited, the company has grown, is more solid and has more means. Is your third fund closed? It’s operative, but it will close in March, we are raising funds. We bought Cavalli, [furniture and design in plastic firm] Arredo Plast and ICBPI [CartaSi credit card platform]. In its most recent study, Bain & Co. and Fondazione Altagamma reported that the jewelry category grew the most in 2015. You have Buccellati, are you looking at other jewelry brands? We are eyeing many different sectors from apparel to food and financial services, but we don’t have a jewelry label in the pipeline at the moment. 9 15 JANUARY 2016 ¬ Peuterey Studio, designed by new creative director Federico Curradi, will make its debut in Milan on Jan. 17 at the Neoclassical Palazzo Serbelloni. Chief executive officer Francesco Pesci aims to create a comprehensive brand and expand Peuterey globally. The arrival of Curradi in November, he said, was intended “to create more desirability around the brand. He comes from the fashion world, rather than the sportswear arena, and knows how to create total looks.” Pesci lamented the “excessive attention” paid to function and technical performance in the sportswear segment, which he believes is not enough to spur business. Instead, Pesci wants to rebalance the label’s sales, which are heavily skewed to outerwear, to create year-round demand. And Curradi is the man to do it, Pesci believes. Born in Florence in 1975, Curradi was previously men’s wear creative director for Iceberg. He lived in New York for several years before moving back to Italy, first working at Ermanno Daelli, then as head of the men’s styling office at Ermanno Scervino. In 2005, he became head of the men’s collection at Roberto Cavalli. A year later, he Peuterey Studio MILAN: O N E S T O WAT C H New and noteworthy brands at the Milan men’s shows. Photographs by PIOTR NIEPSUJ Roberto Cavalli Peter Dundas is going to reveal a piece of himself at his debut men’s collection for Roberto Cavalli. ¶ “I feel very comfortable designing men’s,” he said, “and I’m taking a very personal point of view. I really created a wardrobe that I wanted for myself and my friends.” ¶ The Norwegian designer, who was appointed creative director of the brand last March, unveils his first men’s collection for the Florentine label on Friday night in Milan. ¶ “I took two angles in designing the collection,” he explained. One is the idea of creating a wardrobe that fits a man’s needs and his personal aesthetic. The other is music. ¶ “I looked at many musicians, like Jimmy Page, Mick Jagger, Keith Richard, Serge Gainsbourg, Jimi Hendrix and also George Harrison — my favorite of The Beatles,” he said. ¶ But beyond that, the collection is rooted in freedom, according to Dundas: “Freedom is at the base of the spirit of the brand and I want to keep the Cavalli vibe alive.” ¶ To stay contemporary, Dundas said the lineup includes a range of pieces that can be easily mixed and matched. “It’s rich, a bit decadent, casual, effortless. It doesn’t feel stiff,” he said, noting that his goal is to “bring some casualness to the brand [even] in moments of high glamour.” ¶ To that point, jackets and coats are decorated with gold and silver embroideries, appliqués and patchwork details. Many pieces are executed in opulent jacquards. The designer also worked in leather that had been treated using varying techniques, as well as fur, which he printed with animal patterns. ¶ In addition, Dundas created patterns with flora and fauna elements inspired by William Morris, used, for example, in fluid shirts. ¶ The overall color palette of the collection includes different tones of purple along with earth hues and muted shades. ¶ The accessories range includes a bag featuring a guitarlike strap, as well as high- and low-top sneakers and booties in leopard patterns and solid washed leathers that provide a livedin effect. ¶ “There is no complication,” Dundas said. “This collection is very close to my heart.” — ALESSANDRA TURRA started working with Iceberg on the company’s men’s wear as a fashion and creative consultant. He was appointed Iceberg’s first men’s wear creative director in June 2013, but left last November. His line for Peuterey is all made in Italy with sophisticated fabrics and construction. The fall line targets “two souls in symbiosis, a man who thinks and works in the city,” setting an “urban dynamism” at the heart of the collection. The intellectual and working worlds blend, as Curradi focuses on the architect’s sphere. Not by chance, the collection winks at Gianfranco Ferré — himself an architect — as well as Giorgio Armani in the Eighties. “This is a pleasant man, easy to understand, and not conceptual. The collection is a mix of technical and sportswear for the everyday urban hero,” said Curradi. Technical wools contribute to the functionality of parkas and blousons; tailored overcoats and duffels have internal straps that can be worn as rucksacks; fustian blazers have detachable linings and shearling collars; knits exhibit mathematical jacquards and geometric intarsia inspired by Euclid’s theorems, while patch pockets and tool belts or collars round out the details. Curradi created exclusive fabrics for the collection that range from double-faced, technical and diagonal wools to nylon and gabardine in a color palette of charcoal, rust, military green and black. — LUISA ZARGANI 10 15 JANUARY 2016 Lucio Vanotti ¬ Lucio Vanotti will make his runway debut at the Armani Theater on Saturday. “When they told me about the possibility of showing there, I was Pal Zileri ¬ Italian tailoring label Pal Zileri has taken the plunge. On Jan. 16, it will host its first show on the Milan Fashion Chamber’s official schedule, featuring the collection from creative director Mauro Ravizza Krieger. “The idea behind the collection is urban tailoring with a strong focus on sportswear,” said Ravizza Krieger, who joined the company last January. “The aesthetic is rooted in the company’s DNA. We wanted to develop a collection focused on tailoring, but reinterpret it in a contemporary way in terms of proportions, volume and materials.” In keeping with the sartorial tradition of Vicenza, where the company is based, coats and jackets are cut in clean, rigid silhouettes. But they’re softened by the more voluminous shapes of the bottoms, including relaxed, pleated pants. Silk shirts and scarves add romantic accents. In addition, Ravizza Krieger developed “luxury sportswear” worked in comfortable, informal silhouettes and crafted from traditional drapy fabrics treated with special techniques such as wool with a protective coating, stretch wool and leather accented with technical materials. The rich color palette includes dark tones of black, military green, purple, brown, gray and rust, sometimes juxtaposed with camel. — A.T. happy because this collection is very close to Giorgio Armani’s taste and to the aesthetic of the location,” said Vanotti, who launched his namesake label in 2012. “I admire Armani’s work and I see myself [as part of this] Italian wave he created.” For fall, Vanotti explored a universe of uniforms, from military to religious ones. “The collection is infused with a sense of severity that doesn’t only refer to the military atmosphere, but also evokes a sense of moral rigor,” said the designer, who exhibits a taste for graphic, essential shapes. This season, he focuses on elongated silhouettes and plays with “wrong proportions” pairings — for example, long jackets with short pants. Among the standouts are double-breasted blazers with kimonolike sleeves and military coats deconstructed to resemble robes. Everything is crafted from high-end fabrics such as textured wool, wool crepe, a wide range of striped cloths, padded jacquards inspired by Northern European patterns and corduroy. Vanotti also used Fifties-inspired dark, rigid denim for a workwear feel. The color palette includes Vanotti’s signature black, blue and white tones enriched with khaki and sage green, the season’s staple hues. — A.T. Boglioli This is a season of debuts for Italian luxury men’s wear brand Boglioli. ¶ The company is not only hosting its first runway show, to be held Jan. 17 at Milan’s Società del Giardino, it is also unveiling the inaugural collection designed by Davide Marello, the first creative director to be appointed by the label. ¶ Before joining Boglioli in November, Marello worked for more than nine years at Gucci with Frida Giannini and then six months with Alessandro Michele. “I want to respect the story of the brand, but my goal is to develop it through a vision projected toward the future,” said Marello, adding the collection is focused on “soft tailoring with an experimental approach.” ¶ Men’s suiting fabrics include carded cloths, chevrons, tweeds and Prince of Wales that are washed, treated with various techniques and garment-dyed. ¶ “The goal was to make all the materials, from fabrics to leather, as lightweight as possible without losing their original [attributes],” Marello said. ¶ As a result, suits, separates and outerwear sport two silhouettes: “One wrapping the body, the other more [true] to classic tailoring standards,” he explained. ¶ The color palette is rich in warm, burnt tones, camels and tobacco combined with cooler hues of blue and sky blue. The brand also introduced footwear — loafers and Chelsea boots. “We started from classic, formal silhouettes worked in leather, treated and washed to achieve a worn effect,” Marello said. ¶ To complete the lineup, he also designed a small range of bags, such as clutches and weekend options, crafted from soft materials treated to resemble fabric. — A.T. 11 15 JANUARY 2016 TO SHARPEN YOUR LOOK Gioielleria Villa Got a last-minute invite to a dinner gala? To spice up a run-of-the-mill black suit, stop by the prestigious Gioielleria Villa for a pair of chic, eccentric cuff links. While surely not a bargain, men, too, deserve nice jewels every now and then. 23 Via Alessandro Manzoni, 20121 +39-02-804-279 10 a.m. to 1 p.m.; 3 p.m. to 7:30 p.m. TO SHOP LIKE AN ITALIAN TO PAMPER YOURSELF Armani Spa The Zen, minimal environment of this spa, located inside Giorgio Armani’s hotel, can help the fashion flock regain balance and a peaceful state of mind — so easy to lose after endless shows and deadlines. 31 Via Manzoni, 20121 +39-02-8883-8888 TO GET ENERGIZED Cb Made in Italy Cb shoes are made for walking in style. If the range of slippers available at the Milanese brand’s showroom-cum-store are not enough, get creative and order a custom pair. 50 Corso Garibaldi, 20121 +39-02-3663 -9181 9:30 a.m. to 6:30 p.m. The D Sticking to a workout routine during fashion week is hard, but Davide Rombolotti can help. The Milanese king of CrossFit will help weary showgoers stay in shape during the fashion marathon. 18 Via Buonarroti, 20149 +39-02-3660-1925 Collections Survival Kit ● Whether the shows are just too much or there’s a wardrobe malfunction, here are a few hot spots for dining, shopping and working out. By ALESSANDRA TURRA TO LOOK YOUR BEST Antica Barbieria Colla di Franco Bompieri Since 1904, this has been the place where the chicest Milanese take care of their faces and hair. Whether a bearded hipster or a baby-faced buyer, this gem in the heart of the city offers a VIP treatment. 3 Via Gerolamo Morone, 20121 +39-02-874-312 8:30 a.m. to 12:30 p.m.; 2:30 p.m. to 7:30 p.m. FOR A GOOD MEAL Al Garghet A trip to Milan is never complete without a cotoletta. For exquisite breaded cutlets, cab over to this restaurant for a yummy meal, in satisfying portions. 36 Via Selvanesco, 20142 +39-02-5346-98 TO MEET UP FOR A QUICK FIX Turi Lacci E Lucidi di Zappala’ Giuseppe & Co. Italians are obsessed with shoes. This famous store a few steps from Piazza San Babila offers a wide range of treatments to give old footwear favorites new life. 19 Via Cerva, 20122 +39-02-7600-2947 The Botanical Club Drinking a well-concocted gin and tonic is always a good way to relax after a long work day. This new hot spot is gaining a rep in Milan for its selection of great gins. And the creative dinner menu won’t disappoint, either. 11 Via Pastrengo, 20159 +39-02-3652-3846 6:30 p.m. to 2 a.m. 13 15 JANUARY 2016 The DKNY spring ad campaign. DKNY: POWER TRIP For their first advertising effort for DKNY, Dao-Yi Chow and Maxwell Osborne set out to capture the power of the DKNY woman. And to be perfectly clear, she’s a woman, not a girl. Photographed by Lachlan Bailey, the ads feature model Adrienne Jüliger. “She is versatile. She looks youthful, but also strong and sophisticated. We wanted a woman who could show all sides of herself. Adrienne’s change is subtle,” said Chow. Jüliger has walked the runway for such brands as Dior, Givenchy, Giambattista Valli, Saint Laurent, Louis Vuitton and Valentino. DKNY’S campaign was photographed at Studio Red Hook Labs in Brooklyn, N.Y. Chow said the focus of the campaign is clearly the DKNY woman, and that’s been a point that the designers have made previously. Their DKNY customer is not a girl. “We always refer to her as a woman,” said Chow in an interview last September before their first show for DKNY. “The modern woman we envision has just started getting into her own in terms of career, starting a family, her life is multilayered with different dimensions. When you’re young, it’s not as complex. For us, those complexities and those dimensions are the interesting pieces in determining what she wants to wear,” said Chow. The designers said they felt that in recent years, DKNY went off course in search of an expanded customer base and that the customer got younger and younger. “But it didn’t feel authentic to what the brand was, it was too young; it was just too young for us,” said Chow. The spring DKNY campaign is about a wardrobe that allows the DKNY woman to become the focus “not the other way around,” said Chow. Through the images, Chow hoped to show the collection’s versatility. According to Osborne, “We tried to capture the power embodied in the DKNY woman. She is a multidimensional woman who balances all versions of herself with DKNY…she embodies the new generation of powerful. She can be serious but doesn’t take herself too seriously.” The DKNY spring ad images will launch in global fashion and lifestyle publications. The print plan will be supplemented by a digital media presence on global fashion and news sites. Forty percent of the global media budget will be invested digitally. This is a significant step for the brand, which last year invested 5 percent in digital. The company also plans to provide behind-the-scenes visuals of the shoot on its Web site. The digital component will launch in mid-February to align with the March issues on newsstands. graphic, New York, Vanity Fair and WSJ. Meanwhile, the award for Design will be between Bon Appétit, GQ, New York, The Pitchfork Review and Wired. Lifestyle-centric publications Bon Appétit; Golf Digest; Harper’s Bazaar; Lucky Peach; Parents; Seventeen and T: The New York Times Style Magazine will vie for General Excellence in the Service and Lifestyle category. Men’s magazines Esquire and GQ will also fight it out for General Excellence in the News, Sports and Entertainment category, along with fellow nominees, Fast Company, New York, The New York Times Magazine, The New Yorker and Newsweek. For the complete list of nominees, see WWD.com. — ALEXANDRA STEIGRAD CONDÉ, KARLIE TALK CREATIVITY Karlie Kloss made a cameo at a Condé Nast all-staff meeting Thursday morning, in which chief executive officer Bob Sauerberg and chief marketing officer Edward Menicheschi emphasized the importance of creativity to the company. “Our content is our soul,” said Sauerberg from the 63rd floor of Condé’s headquarters at One World Trade Center. Several staffers noted that artistic director and Vogue editor in chief Anna Wintour sat in the front row in the meeting, “fashion show style,” donning sunglasses. Billed as a kickoff to 2016, Sauerberg talked about the company’s focus on mobile and video, and he thanked Wintour for her editorial accomplishments. Menicheschi then unveiled a new advertising campaign with the tag line, “Create. Connect. Condé Nast.” The company tweeted excerpts of the campaign, which bore the hashtag “CreativityIs” as the exec spoke. The video, which was developed by the company’s native advertising unit 23 Stories, showed behind-the-scenes glimpses of various cover shoots across the Condé titles, and featured celebs such as Kendall Jenner, Reese Witherspoon and Ronda Rousey. The celebs, most of whom had appeared on the covers of Condé’s magazines in 2015, gave excerpts of their definitions of creativity. Leading up to the campaign unveil, Condé top brass asked about 100 employees to participate by providing Patrick Demarchelier shot the Dior spring campaign. — LISA LOCKWOOD Kloss photograph courtesy of @marinalarroude SWAN SONG Raf Simons’ final ready-to-wear collection for Dior is showcased in the French house’s spring 2016 campaign, slated to break on Jan. 19 in Harper’s Bazaar in the U.S. and In Style in Korea, followed by Harper’s Bazaar Japan, Vogue France and Elle China the next day. Outdoor treatments are to debut in Hong Kong on Jan. 23. Patrick Demarchelier shot a cast of young models in a series of group portraits that Dior described as “an homage to femininity, glamor and modernity.” Models Sofia Mechetner, Roos Abels, Staz Lindes, Maartje Verhoef, Grace Hartzel and Binx Walton had their windblown hair done by Duffy and low-key makeup applied by Peter Philips. An accompanying digital film is to launch on Dior’s Web sites and social media from Jan. 20. — MILES SOCHA New York Magazine’s “Cosby” cover. JOURNALISM’S BIG NIGHT It might not be as glitzy as the Oscars, but for magazine publishers, winning a National Magazine Award still affords substantial bragging rights in a survival-of-the-fittest industry. On Thursday, The American Society of Magazine Editors unveiled their slate of nominees for the 50th annual National Magazine Awards or “Ellies,” which will take place on Feb. 1 at the Grand Hyatt in New York. Sixty-seven media organizations were nominated in 21 categories this year. Five magazines were nominated for the top prize of Magazine of the Year, and includ- Bob Sauerberg and Karlie Kloss at the Condé Nast meeting. ed The Atlantic, The Hollywood Reporter, National Geographic, New York and The New Yorker. The organization said 24 titles nabbed multiple nominations led by New York with nine. A perennial favorite, New York also had the most nominations in 2015 with 10 and nine in 2014. The New York Times Magazine grabbed seven nominations this year, the most for the title since 2011 when it had nine. Other multifinalists included GQ (six nominations); The New Yorker (five); Bon Appétit (four), and Matter, National Geographic and Poetry, each with three. Vice Magazine and Vice News combined for three nominations. Newcomer nominees included BBC News Magazine, Buzzfeed News, Car and Driver, Eater, Family Fun, The Huffington Post, The Huffington Post Highline, The Intercept, Lucky Peach, the Marshall Project, ProPublica and WSJ. ASME gave Annie Leibovitz a shoutout for her nomination in Feature Photography for her Caitlyn Jenner photos for Vanity Fair’s story, “He Says Goodbye, She Says Hello.” It also highlighted the Essays and Criticism category, pointing to GQ’s “The Accident” by Michael Paterniti, who earned his ninth Ellie nomination this year. Duking it out for the award in excellence in Photography will be The California Sunday Magazine, National Geo- their own “creative selfies.” The campaign, which will live on the Web, will also include advertising displays in trade publications and around New York in subway stations and at Grand Central Terminal. The 30-minute meeting, which was live-streamed to employees at satellite offices, ended with a splash — in true Condé style — when Kloss addressed employees. The statuesque model gave a quick synopsis of her definition of creativity, which included “taking risks” and having “courage.” “Whether you write code or copy,” it is all creative, she noted, before ribbing Sauerberg about his height, as they took a selfie. — A.S.