Natalie Ratabesi Out at Philosophy-------
A new figure will soon be charged with the future of Philosophy’s dreamy sensibilities. Creative director Natalie Ratabesi has parted ways with the house in the wake of increasingly poor sales, WWD reported this morning. Alberta Ferretti passed the reins of Philosophy to Ratabesi (a vet of Dior, Gucci, and Oscar de la Renta) in October 2012. The brand’s Spring 2015 offering will be designed by an in-house team.
Ratabesi’s departure comes on the heels of the enigmatic news from Aeffe SpA CFO and managing director Marcello Tassinari that the company was “taking action” to improve the line’s financial straits. Though the split comes “by common consent,” per an Aeffe SpA rep, some might see the move as a reaction to the also Aeffe-owned Moschino’s recent success under Jeremy Scott. The hires of Katie Hillier and Luella Bartley at Marc by Marc Jacobs makes a similar case for big names to refresh a brand that, as Marc Jacobs International president Robert Duffy admitted at the time, was “getting a little stale.” Only time will tell if a decisive appointment at Philosophy will translate into a similar renaissance.