21 posts tagged "Coach"
Listen up, luxury brands: I don’t want to hear any of you calling me and my fellow young urban males “Yummies.” I don’t care how badly you want to target 20-something dudes with no families and plenty of disposable income to burn on camouflage backpacks. Just stop. Metrosexual was bad. Yummie is worse. Three researchers at HSBC have determined that these Yummies are the future of retail, reports Bloomberg Businessweek. Interestingly, the study did find that some luxury companies are making moves toward seducing these young males. “Michael Kors, for example, is hoping to grow its annual menswear revenue to $1 billion, which would amount to almost a sevenfold increase. Coach, meanwhile, is close to that goal, having expanded its sales to men from $100 million in 2010 to about $700 million today.” That’s fine, but just remember, no amount of revenue is worth sacrificing your integrity. RIP, Yummie.
To infinity and beyond! The new Fall collections found designers thinking intergalactically. Who could’ve guessed that we’d see Star Wars motifs at not one, but two shows? Rodarte’s Laura and Kate Mulleavy revisited their favorite childhood films with a buzzy finale of gowns featuring familiar characters like Luke Skywalker, C-3PO, and even Yoda. Just five days later, Preen by Thornton Bregazzi crossed over to the dark side with Darth Vader-printed looks and an entourage of stormtroopers who mingled with the models backstage. Others weren’t quite so literal with their outer space references. At Fendi, Karl Lagerfeld sent out a series of sheared fur coats and floaty silk velvet maxi dresses that resembled celestial charts. Elsewhere, Coach’s Stuart Vevers whipped up an Apollo sweater that echoed the one worn by Danny Torrance in The Shining. And Albert Kriemler, working closely with the German photographer Thomas Ruff, incorporated up close surface shots of Mars into several looks at Akris. Meanwhile, our award for the cleverest take on the cosmic trend goes to Undercover’s Jun Takahashi, who printed tiny UFOs on the borders of his Delft-china-patterned pieces.
You can’t say we didn’t warn you. Today, WWD reports that after scooping up Nicholas Kirkwood last week, LVMH has purchased a minority stake in up-and-coming British brand J.W. Anderson (designed by Jonathan Anderson). Oh, but that’s not all. Anderson, 29, has also signed on as the creative director of Loewe, stepping into the shoes of Stuart Vevers, who announced in June that he was leaving the Spanish house to replace Reed Krakoff at Coach. Sound like a lot for the emerging talent to take on? It is. But if Anderson has the guts to send boys in sheer lace jumpsuits and ruffled tube tops down the runway, we’re pretty sure he’s up for anything—particularly if that anything is injecting a youthful edge into Loewe’s classic look.
There’s no shortage of Reed Krakoff in the headlines today. As the designer prepares to show his Spring ’14 collection this afternoon, yesterday news broke that Krakoff had officially acquired the majority share in his eponymous company from parent brand Coach Inc. In WWD, he called the move “simultaneously a new beginning and a culmination of something.” The price of independence? A reported $50 million—which makes us all the keener to see what he’ll send down the catwalk today.
After announcing his 2014 departure from Coach earlier this year, Reed Krakoff (or, if we’re going to be specific, a business group led by Krakoff) is buying his namesake label from Coach Inc., according to WWD. Earlier this month, Bloomberg reported that Coach—which recently hired Loewe’s Stuart Vevers to replace Krakoff as executive creative director—was trying to unload the Krakoff label and would cut the designer’s bonus by a cool $3 million if an agreement to sell the brand wasn’t reached by July 29 (yesterday). He appears to have slid in just under the deadline. The sale is expected to be finalized a few months before Krakoff officially leaves Coach next year.