Showing posts with label WWD. Show all posts
Showing posts with label WWD. Show all posts

Thursday, June 9, 2011

Heavy News Day

There's a lot going on in menswear right now.  The CFDA's just wrapped up.  Pitti Uomo is right around the corner.  Design shakeups are going down.  It's a beautiful thing, really.  Odds are you don't have a subscription to WWD.  That wasn't a call out, just an intelligent assumption.  With that being said, here is a text heavy post featuring some interesting reading you might otherwise not get to see.  No one can ever say I wasn't a man of the people.


"Club Monaco has hired Aaron Levine as its new vice president of men’s design. He succeeds Timothy Farah, who left the company in March.

Levine was most recently head designer at Jack Spade. He has also been creative director at Rogues Gallery and helped launch the hickey line at Hickey Freeman. He began his career at Joseph Abboud."


"After five consecutive nominations, Michael Bastian won a CFDA Award on Monday — and it couldn’t have come at a better time. The designer is in the midst of relaunching his signature label after buying back his license from former partner Brunello Cucinelli in December and not producing a collection for the fall 2011 season in order to revamp the business.

“We have better pricing, with the goal of reducing prices by 10 to 20 percent across all categories and we are producing in all new factories,” said Bastian of his newly independent company. “The goal is to be more competitive at retail while keeping the quality of the product at the same level. We are about to kick off spring ’12 selling in Milan this month and my hope is that this award may help us pull in new accounts that haven’t heard of us or haven’t been paying too much attention to us.”

Ironically, Bastian’s win as Menswear Designer of the Year — edging out Simon Spurr and Patrik Ervell — comes on the heels of his skipping New York Fashion Week in February to focus on the spring relaunch. “I was never 100 percent clear how that happened. To paraphrase Sandra Bullock, maybe I wore them down,” said Bastian, who launched his own label in fall 2006 after a career that included jobs at Tiffany & Co., Polo Ralph Lauren and Bergdorf Goodman.

For this past spring, the line was sold in about 35 stores globally, including Bergdorf Goodman, Jeffrey, Saks Fifth Avenue, Nordstrom and Bloomingdale’s.

While not producing his own collection for fall, the designer did oversee the Gant by Michael Bastian line, now in its third season. That partnership with the Sweden-based sportswear maker has provided a key revenue stream to Bastian — allowing him to end his license arrangement with Brunello Cucinelli and move the business out of his apartment and into an office and showroom space this past December. “Gant has really been the miracle that made this all possible,” said Bastian.

The Gant by Michael Bastian range is now sold in 30 countries, including more than 100 stores in the U.S. and more than 150 stores internationally. Retailers include Barneys New York, Bloomingdale’s, Saks Fifth Avenue, Neiman Marcus, Nordstrom, Ron Herman and Scoop, in addition to Gant’s own stores.

“The line has exceeded all of our expectations, with 30 to 40 percent growth in sales per season,” said Ari Hoffman, chief executive officer of Gant USA, which last month inked a new three-year contract with Bastian, with options for renewals.

In addition to the Gant partnership, Bastian is launching a co-branded line of sunglasses with Massachusetts-based Randolph Engineering, first available at retail this month.

Robert Geller, winner of the Swarovski Award for emerging talent in men’s wear said he expects a longer-term impact for his prize. “It won’t double sales in a year or anything. It just doesn’t work like that,” said Geller, who was nominated once previously for the award in 2009. “I think more stores will recognize the name and take a look at us. But it can take a season or two before stores make a commitment to take a collection in.”

Launched in fall 2007, Robert Geller is now sold in about 70 stores worldwide, including Barneys New York, Fred Segal, Blackbird and Aloha Rag. Japan is its single largest market, comprising 40 percent of sales, and the recent earthquake and tsunami disasters there took a serious toll on orders from retailers, said Geller. “I was there last week and the Japanese people are very focused on rebuilding and continuing business, but the economy has been affected,” he noted.

For fall, Geller is continuing his footwear collaboration with Common Projects, now in its third season, and will also launch a jewelry collection for spring 2012 with Brooklyn-based Scosha."


"In an effort to provide an integrated assortment between tailored clothing and luxury sportswear, exhibitors at the upcoming Pitti Immagine Uomo are showcasing lifestyle-focused collections with a younger appeal. Linen blazers, cotton cargoes, wrinkled chambray shirts and bleached-out denim are key elements for a casual spring offering."



"Strengthened by tailwinds from emerging markets such as China and Brazil and powered by robust performances across many categories, key European men’s wear vendors have hoisted their sails back up to precrisis levels.

Despite a rise in raw material prices and a weakened dollar, manufacturers remain upbeat, hopeful the renewed interest in luxury sales will overshadow the inevitable increase in prices.

On the eve of the showing of their spring 2012 collections at Europe’s largest men’s trade fair, Pitti Immagine Uomo, which kicks off on Tuesday, followed by the men’s wear shows in Milan and Paris, a number of brands are forecasting double-digit growth for 2011.

“The results achieved in the year of our centennial [2010], in terms of sales, margins, net financial position and capital investments, make us even stronger and more determined than we were before the economic crisis that profoundly changed the world,” said Gildo Zegna, chief executive officer of Ermenegildo Zegna Group, which in the first quarter of 2011 posted growth at an average rate of over 20 percent at constant exchange rates, despite a drop in sales in Japan. The group hit the $1 billion sales mark in 2010 and more than tripled its net profit versus 2009.

Zegna said the group plans to expand its accessories offering, which currently accounts for 20 percent of sales, improve distribution of fragrances, and develop new product lines. The Estée Lauder Cos. Inc. in March acquired the worldwide fragrance license of the Ermenegildo Zegna Group from L’Oréal, obtaining exclusive global rights to market fragrances under the company’s brands, as well as develop new product lines in the grooming segment.

Canali also has seen a strong double-digit increase in all categories versus spring 2010. “There is more confidence; men are back in the stores,” said Giorgio Canali, vice president of Canali USA. “Men are buying suits again, looking for updated silhouettes and styles, in shirts and ties too, to freshen up their wardrobes.”

Tom Ott, senior vice president and general merchandise manager of men’s at Saks Fifth Avenue, said the biggest surprise for him has been the pace with which luxury has been picking up. The men’s business has been one of the retailer’s best-performing areas, with tailored clothing, high-end sportswear, shoes, accessories and the store’s private label men’s line among the bestsellers. Color and fashion continue to perform well, said Ott. “We see both dress-up and casual doing well.…Our major urban doors are really performing in dress-up looks while our more suburban and Southern doors are excelling in more casual looks.”

Philipp Wolff, senior vice president of global communications at Hugo Boss, said the brand’s offering at Pitti will reflect a return to more dapper dressing. “Men are wearing suits again. We’re moving from a kind of casual wave towards a revival of classic, quality [clothing],” he said. “People are paying more attention to fabrics and details; they want to be a bit more dressy, to stand out from the crowd.”

Several tailoring brands, including Zegna and Brioni, confirmed their luxury leisurewear lines are growing fast as well.

Brands and retailers agree consumers are proving increasingly discerning about quality and design. “Men want quality and will pay for it. The customer is more educated than ever and knows product and quality,” said Saks Fifth Avenue’s Ott, adding that for spring 2012 he hopes to see “real luxury” from European designers. “With prices increasing, we need to rely on their creative skills to make a strong fashion proposition for luxury goods.” Barrett noted consumers are looking for more designed items, saying: “The more original the item, the better the sale for us.”

Showing a voracious appetite for luxury goods, emerging markets continue to exert major pulling power for brands.

Speaking of a recent business trip to Brazil, Francesco Pesci, ceo of Brioni said, “This booming market is definitely on our mind.” The brand plans to “very strictly” develop its retail network in China, he added, aiming to grow the total number of strategic locations there to 15 from 11 in the next couple of years.

Brunello Cucinelli recently entered China, with stores in luxury malls in Dalian and Chengdu, and has openings planned for Shanghai and Beijing this fall. The brand’s namesake founder, who had a big role in the blurring boundaries between chic sportswear and tailored clothing, recently said he is toying with the idea of a stock market listing. The firm in 2010 posted a 28.4 percent sales increase to 202.9 million euros, or $292.9 million at average exchange rates.

Isaia, which has signed a deal to open five monobrand stores throughout South Korea in the next two years, plans to open 30 new stores in China in the next 10 years. The brand will debut a new sportswear/outerwear collection at Pitti Uomo, comprising five jacket models and four pant models, and has bulked up its knitwear and footwear lines for spring 2012.

Zegna, which on June 23 will host a party for its new Peter Marino-designed Paris global store on Rue du Faubourg Saint-Honoré to mark its 30th anniversary in Paris, is also planning a big event in Beijing on Sept. 15 to mark its 20th anniversary in China. This fall a new Peter Marino-designed global store will open on Rome’s Via Condotti.

Emerging markets account for 40 percent of the group’s sales, with China its most important market in terms of retail sales. Half of the brand’s planned 20 store openings for this year will be located in China. U.S. retail projects include the renewal of the lease for its Beverly Hills, Calif., boutique and openings in the King of Prussia mall in King of Prussia, Pa., and Short Hills, N.J., later this year.

Citing “exceptional” business in China, designer Neil Barrett said he plans to introduce his secondary line, BlackBarrett by Neil Barrett, there, before rolling it out to the rest of the world. Priced at around 40 percent less than the main line, BlackBarrett is already distributed in 38 stores in Japan. Barrett, who registered a 38 percent increase in total sales for the fall 2011 season, plans in September to open a landmark store in Hong Kong with Joyce.

Overall, executives said the recession pushed them to streamline the efficiency of their businesses at every level. “We are working hard to make our processes more efficient, not only in terms of costs but also more and more time-to-market,” said Brioni’s Pesci.

“It’s a real wake-up call on everything that you’re doing, from the cost of the supply chain to how you’re perceived by the consumer,” said Lance Isham, chairman and chief executive officer of casual-chic tailored men’s wear brand Façonnable, which is based in Nice in the south of France. The brand will operate two stands at Pitti, housing respectively Façonnable’s main line and a selection of summer essentials from its fledgling resort wear label, Azur. Isham said the brand plans to embark on a broad communication campaign over the coming months, including an “aggressive” social networking program.

Ongoing challenges for European brands, meanwhile, include the weakening dollar and volatile commodity prices. Having maintained prices for fall 2011, several brands, including Isaia and Canali, said for spring they plan to pass on some of the increases to clients. “Raw material costs continue to present our biggest challenge together with wage inflation in China, as it does for most of the rest of the trade,” said Mostyn Thomas, U.K. marketing director for Musto, which recently launched a men’s wear range in collaboration with design consultancy Joe Baker Design.

Traditionally a technical sailing brand, with 16 stand-alone retail locations in sailing destinations in the U.K., Musto recently opened a store in Marseilles and is planning openings in Paris later this year. The brand is focusing on growth through the men’s wear wholesale market, mainly in the U.K. and Italy.

“No one has any [fabric] stock anymore, they’re making fabric to order,” commented Barrett, adding that the increases on yarns has made designing a bit more of a balancing act. Many brands, including Lubiam, have been stocking up on fabrics in advance.

“It’s a choice that comes with risks but has proved a winning strategy, allowing us to respond in an efficient way to demand,” said the brand’s co-chief executive officer, Giovanni Bianchi. During Pitti Uomo, the company on June 14 will fete its 100th anniversary, with a cocktail party in the Limonaia Gardens at Villa Vittoria, showcasing a centenary-themed capsule collection.
"

-L.A.S

Tuesday, January 4, 2011

A New Chapter For Michael Bastian

I've been waiting for this news to break for quite some time and it was officially announced via WWD right before Christmas - Michael Bastian is ending his licensing agreement with Brunello Cucinelli.  This might not sound like big news, but it is.  There will be no Michael Bastian F/W 2011 collection, but this move is going to enable all kinds of growth, especially on the retail side thanks to a planned significant price drop.  A big congratulations goes out to the entire Michael Bastian team and, for those of you keeping score at home, I've seen those watches mentioned below and they are beyond awesome.

"Designer Michael Bastian has parted with longtime licensee Brunello Cucinelli and set up an independent company that will manufacture and distribute his signature men’s wear collection on its own.

Solomeo, Italy-based Brunello Cucinelli, known for its luxurious cashmere and tailoring, became Bastian’s partner five years ago to launch the men’s wear range under his name.

'I think the time had come for us to fly the nest,' Bastian said. 'We reached the point where we realized from a financial standpoint that we could operate on our own. This will give us a lot more control over pricing and sales — and pricing has been the biggest issue in terms of growing the business at retail.'

The first season that Bastian will produce solo will be spring 2012. A collection will not be produced for fall 2011 and the designer will skip New York Fashion Week in February.

'It’s a little scary to take a season off, especially as we have so much momentum, but it was necessary to do this right,' he said. 'I’ve been in Italy this month looking for new factories and we’ve found several incredible ones that we will be working with. We had to take one step back to move two steps forward.'

Bastian said his goal is to reduce prices by 15 to 20 percent in order to make the collection more accessible. The line is sold in 20 high-end U.S. doors, including Bergdorf Goodman, Jeffrey, Saks Fifth Avenue, Nordstrom, Bloomingdale’s, Confederacy and Forty Five Ten, as well as 15 doors overseas. Blazers now sell for $2,000 to $3,000, pants for $450 to $650 and shirts for $295 to $495. Prices should come down with Bastian’s new sourcing arrangements.

Providing a crucial financial cushion for Bastian as he strikes out on his own is his partnership with Gant, for which he designs the Gant by Michael Bastian label. Launched as a side project for fall 2010, the collection has grown into a significant business that will be sold in Gant stores in more than 20 countries for spring — as well as wholesaled to over 75 doors in the U.S., including Barneys New York, Saks Fifth Avenue, Neiman Marcus, Bloomingdale’s, Nordstrom and Scoop. Gant and Bastian have just signed a new three-year deal to continue the line, with options for renewals.

'We initially thought this would be a great brand building opportunity for Gant; but, in fact, it’s become a great business as well,' said Ari Hoffman, chief executive officer of Gant USA. A women’s Gant by Michael Bastian collection is launching in Gant stores and online this spring. An eyewear range under the label, licensed to Viva International, made its debut this past fall, and a watch line, licensed to Synoco Scandinavia, will be introduced next fall.

'The Gant collaboration is providing a steady stream of revenue that’s helped give us autonomy,' said Bastian, who paid an undisclosed fee to Cucinelli to cut short their original 10-year license.

Cucinelli characterized his parting from Bastian as amicable and in the best interests of both parties.
'In order for Michael to grow, he needs a partner that can invest all their time and energy into helping his brand really get to the next level,' Cucinelli said. 'Due to the increasing growth of Brunello Cucinelli in the past couple of years, I felt it was important for us to focus all our efforts nurturing our brand. I think Michael has a lot of potential going forward.'

Bastian, who has been in talks with potential financial partners for the last two years, will continue to seek an investor to build the business, particularly with the aim of opening stores. This week, the company moved into its first official office and showroom, located at 210 Eleventh Avenue in Manhattan."


-L.A.S

Monday, October 18, 2010

Togs Blogs

Two WWD focused posts in one day? Good lord!  Menswear reporter David Lipke recently profiled 5 prominent men's style blogs/bloggers for WWD's weekly Menswear report, which runs every Thursday for those of you keeping score at home.  You probably know all these guys from their respective sites and are probably even fans of their work.  I've been lucky enough to meet everyone on this list in some capacity or another and I can vouch for all of them as talented bloggers and even better guys.  Lipke doesn't really dig to deep in his feature since its aim is to introduce versus expose, but you are likely to walk away with some inside information even if you've been up on these gents for a while.  He even posts their audience size and revenue streams - how gauche.  At the end of the day I love seeing my blogging brethren get some much deserved shine so it was nice for WWD to devote space to some of the folks who are doing it right.  I will always be a fan first and foremost.


-L.A.S

WWD's Blink Factor

Good friend of Sart Inc and intergalactic marketing warrior John Jannuzzi sent a wonderfully superficial article my way this morning.  WWD not only goes in on dudes with terrible style (read: dad jeans, sandals, velour track suits), but also surveyed a laundry list of "industry" women to get their thoughts on what they first notice, style wise, on a guy.  Yeah, this shit is more than a little Cosmo, but I can't imagine you're not a least a tad bit curious as to what Jenna Lyons, Eunice Lee or, god forbid, Kate Moss thinks about your clothes when you hang out.  What's the takeaway from this hard hitting reporting, you ask?  Don't be ugly and, more importantly, don't dress like a scrub.

Sophia Bush: "The first thing I notice is always shape, tailoring. When men are in beautifully fitted clothes, they don't have to be in anything over-the-top exceptional. But I can always tell when a guy is wearing a really great pair of pants, because of the way they fit."

Salma Hayek: "When he moves easily in his clothes. They can't be too stiff."

Vanessa Paradis: "What I like is just the way they are when you know they haven't spent too long on themselves—that they have gotten ready quickly and still look good."

Katie Holmes: "Cool jeans and cool T-shirts."

Christian Serratos: "Probably the jeans, if we're talking strictly fashion. If they hang really low, it just looks stupid."

Shiva Rose: "The way his jeans fit. You don't want them to be too baggy or too tight. The worst is when they are tight on top and loose on the bottom. Either do a skinny jean or a baggy jean—not both!"

Joanna Krupa: "It's just about the attitude, the way he comes into a room. The worst? Oh my God, those jeans where the boxers are showing— that has to go. It's been, what, five years? It's not cool anymore."

Eunice Lee, Unis: "I tend to notice bad style first: I'll think how horrible his jeans, sunglasses or shoes are. But when a guy has great style, it's usually because he's understated, so then I'll notice his eyes or face fi rst. The clothing should never overpower the guy."

Rachel Roy: "I notice intelligence, happiness and a good accent."

Lea Drucker: "I like the lived-in look. Serge Gainsbourg is my men's wear style icon."

Charlotte Gainsbourg: "His face."

Catherine Deneuve: "Probably the cuff links. I like men who wear cuff links."

Dita Von Teese: "It's important to notice the man, not the outfit."

Noémie Lenoir: "Beautiful jeans with a beautiful butt in it."

Ludivine Sagnier:
"I always look at the shape of their trousers. The pants have to fit the legs well."

Kate Moss: "His jacket."

Aliz Goldwyn: "I'm a sucker for a suit!"

Rachel Bilson: "It's always the shoes. I like vintage boots."

Sienna Guillory: "Shoes and socks. The bits on the bottom are so hard to get right—very few men do. Like where the bottom of the pants meets the shoes….And a good pair of Italian shoes—nothing beats it."

Nathalie Rykiel: "The first thing I notice is the way he looks at me. A man can get away with almost anything. My favorite look is a T-shirt with trousers and a jacket, or a sweater with trousers slightly baggy, but not too much. The silhouette I detest is tight pants with a tight jacket."

Donna Karan: "When I look at a man, it's never one thing. I see the whole picture all at once."

Sarah Silverman: "I am turned off by cologne. I like a man to smell like a man."

Anna Mouglalis: "Something that is subtle, effortless. [The ideal is] to not see it at fi rst."

Fanny Ardant: "His skin."

Delphine Arnault: "His shoes…and his hands."

Lou Doillon: "I don't like men who look after themselves too much. I do like it when they're not wearing anything."

Rebecca Minkoff: "The first thing I instantly notice about a man's style is the bag he's carrying. I look to see if the bag's been broken in, the shape, the color. You're able to tell a lot about the guy by what he carries."

Jenna Lyons, J. Crew: "Shoes. If the toe is square, I'm out."

Michele Hicks: "I look at the way his clothes fit overall. It doesn't really matter what style they are, I just don't like sloppy, like when things are too oversize. I like to see what's underneath."

-L.A.S