Don’t Hold Your Breath For an Olivier Theyskens Low-End Collab
Lauren Sherman talks hairstyles and low-end collaborations at yesterday’s WWD CEO Summit.
Lauren Sherman talks hairstyles and low-end collaborations at yesterday’s WWD CEO Summit.
Theory CEO Andrew Rosen began working in New York City’s Garment Center before you were probably born. Both his father and grandfather were in the garment business, so he’s witnessed its fairly steady decline over the past 50 years. Today at WWD‘s CEO Summit, the serial investor—he helps back Proenza Schouler, Rag & Bone, Alice + Olivia, amongst others—announced a new program to help reverse that trend.
Cold? Us, too. Lucky for us, Uniqlo has collaborated with Theory on a capsule collection of down jackets for the whole family called T Down.
Name: Lucy Myer Occupation: Marketing Management for a design school in Australia What was the last thing you bought? A pair of Theory half suede, half snakeskin leather shoes. I’m so excited to wear them! What would you never be caught wearing? White jeans. What was the last song you listened to? Some song in Read more →
Name: Caroline Sebastian
Occupation: Works at No.6
What was the last thing you bought? A vintage, chiffon skirt from No.6.
What’s the most prominent color in your wardrobe? Raisin color and earth tones.
Theory President and all around New York fashion business guru Andrew Rosen is the subject of a lengthy Wall Street Journal profile detailing his rise to success–from learning the apparel business ropes from his “garmento” father to co-founding Theory with Elie Tahari to investing in other successful brands like Proenza Schouler and Rag & Bone. In it, Anna Wintour declares, “We don’t have a Gucci or LVMH in this country, but in his own way, Andrew is creating a kind of American equivalent.”
She’s probably right, and not just because she’s Anna Wintour and that means she has to be.
Name: Carrie
Age: 26
Occupation: Architect
What is your favorite city in the world? Paris.
Condé Nast UK’s London Fashion School for Fall ’12: The Condé Nast College of Fashion & Design will offer students a year-long Vogue fashion foundation course and 10-week intensive courses. Susie Forbes, editor of Easy Living, will serve as principal at the fashion forward uni. {WWD}
Stella McCartney Turns 40: London’s Fash Pack was out full-force for the designer’s 40th last night. Gwyneth, Kate and Kate Hudson got glam (and a bit tipsy) with Kate Moss and Tom Ford in the historic Apsley House by Hyde Park. {Telegraph}
Michelle Obama Honors Top US Designers at White House: The First Lady hosted a lunch for winners of the National Design Awards, with designer J. Mendel honored for his exceptional work in fashion. Obama faves Jason Wu and Prabal Gurung were amongst the honorable mentions. {Telegraph}
Permira’s stake in the Proenza Schouler company has officially been sold to a group of investors led by Andrew Rosen and his business associate John Howard. The deal was finalized today, WWD reports.
Jack McCollough, Lazaro Hernandez and Proenza Schouler CEO Shirley Cook said in a joint statement, “We are thankful to VFG [Valentino Fashion Group] for giving us a start, and allowing us to get where we are today. There’s so much we’d like to accomplish and have found the perfect complement in John and Andrew to help us realize our dreams.”
Theory, Helmut Lang
Deal: At least 60% off samples and irregulars for both sexes from Theory, and for women from Helmut Lang
When/Where: Monday, July 25 through Thursday, July 28. Mon 11am—8pm, Tues—Thurs 11am—7pm. Clothingline, 261 W. 36th St between Seventh and Eighth Aves (no phone)
Links: www.theory.com, helmutlangjournal.com
Ends: Thursday, 28 Jul 2011
Resurrection Vintage
Deal: Up to 70% off vintage designer clothing and accessories
When/Where: Through Saturday, July 30. Daily 11am—7pm. 217 Mott St between Prince and Spring Sts
Link: www.resurrectionvintage.com
Ends: Saturday, 30 Jul 2011
Looks like Proenza Schouler and Andrew Rosen are finally teaming up.
It’s been over a year since we first learned that Theory ceo Rosen was interested in buying Proenza Schouler. The label is part-owned by Permira Group, a London investment firm that also owns Valentino. Permira put its 45% stake in Proenza on the block in February of 2010.
At the beginning of 2011, we heard that the deal had been penned for months but that Permira wasn’t happy with the terms, resulting in severe delays.
Then Mark Holgate pretty much confirmed on the pages of Vogue that it was all happening!
Now WWD reports that it is indeed happening, probably by the end of this month. The partnership will be structured similarly to the agreements Rosen has with Rag & Bone and Alice and Olivia, which are also personal investments. Rosen runs Theory and Helmut Lang, but they’re owned by Uniqlo.
Usually, it’s editorial shakeups that get us all confused and inspire us to create befuddling charts and guides to recap and (at least attempt to) make sense of movement within the fashion industry. Lately, however, it seems that most of the movement is taking place at big fashion houses. Whether it’s the economy or designers getting burnt-out, it seems like a top level position opens (or gets filled) every week.
From Galliano’s exit from Dior to Marios Schwab’s from Halston (which happened so recently we didn’t have a chance to include it), here’s our little visual guide to the recent ins and outs at major fashion houses.