19 posts tagged "Coach"
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.
Coach has named its new executive creative director and, somewhat unsurprisingly, it’s not Marc Jacobs. Rather, Stuart Vevers, formerly the creative director of Spanish house Loewe, got the gig, replacing Reed Krakoff, who, two months ago, announced that he would be leaving the company in June 2014 to focus on his eponymous collection. “Stuart is recognized as one of the world’s leading accessories designers,” Coach president and chief commercial officer Victor Luis told WWD. “His passion, leadership skills, and broad luxury brand experience, focused on leather goods, uniquely qualify him to lead the next chapter of Coach,” Indeed, Vevers—who will be in charge of all creative aspects of the brand—has a wealth of hit-handbag experience. Before heading to Loewe in 2008, he held positions at Bottega Veneta, Givenchy, Calvin Klein, and Louis Vuitton, each of which have strong accessories ranges. The English designer also won the British Fashion Council’s Accessory Designer of the Year award in 2006 while working as the creative director of Mulberry, a role that he held from 2005 to 2008.
Emma Hill, the British designer responsible for the ever-popular Alexa bag, will be parting ways with Mulberry. According to WWD, Hill, who had served as the label’s creative director since 2008, reportedly made the break because of creative and operational differences with management. Having formerly designed handbags for the likes of Marc Jacobs and Calvin Klein, Hill did a great deal to build up the Mulberry label, focusing on accessories, English heritage, and clothes that catered to a sophisticated brand of whimsy. (And, of course, who could forget those little dogs she’s become so fond of using in her runway shows?) Due to the fact that her departure comes while Coach is on the prowl for Reed Krakoff’s replacement, the rumor mill suggests that Hill might be up for the job—there’s also speculation that the likes of Clare Waight Keller, 2013 CFDA Accessories Designer of the Year Phillip Lim, and the already very busy Marc Jacobs, among others, are being considered for the position. Hill’s official Mulberry end date is still undetermined, but she has already wrapped up the Spring ’14 collection, which will show in London on September 15.