Saturday, July 30, 2016

Monthly Review: July

For this Monthly Review I scoured past posts and accumulated the list of designer exits in 2016. There have been fourteen designer exits this year. I didn’t calculate percentages, but that’s a sharp increase from last year… Peter Copping announced his departure from Oscar de la Renta last week, after two years as creative director, a tragic loss for the brand. Copping is believed to have been the only fitting successor to Mr. de la Renta. Once again, the rumour mill will be sent into overdrive. This morning we have learned the Carven’s menswear creative director, Barnabé Hardy will be stepping down effective the end of the month—the menswear division is also to be suspended. 

The rumour mill was sent into overdrive during the week when LVMH denied that Nicolas Ghesquière would be stepping down as creative director at Louis Vuitton. This wouldn’t be beneficial to the fashion industry or LVMH. Neither needs to see the loss of another creative head. It would be the grand total of creative injuries to fifteen. 

In other news, the provisional schedule for London Fashion Week has been announced. New additions include: Antipodium, Aquascutum, Paula Knorr, ROBERTS|WOOD and accessory designers Piers Atkinson, and Malone Souliers. MM6 Maison Margiela and Versus Versace make surprise reappearances on the schedule this season. Both labels showed in September 2015, skipping February 2016. This September marks my eight season attending and I’m hoping it lives up to the magnificent experience in February.

You might’ve heard that LVMH has sold DKNY to G-III Apparel Group Ltd for $650 million. The enterprise has been sold due to a “disappointing performance” from head designers Dao-Yi Chow and Maxwell Osborne. Thinking about this during the week, I came to the conclusion that the duo were creating a false reality. They were creating clothes for a customer that didn't really exist. Soon we'll find out if G-III Apparel will keep them on as creative directors.

Men’s Creative Director to Exit Carven - http://bit.ly/2a6YrOP
Peter Copping to Exit Oscar de la Renta - http://bit.ly/2ac6UAR
Louis Vuitton Denies Report of Nicolas Ghesquière’s Impending Exit - http://bit.ly/2aoZyWb
British Fashion Council Releases Provisional Schedule - http://bit.ly/2anoxJQ

LVMH Sells Donna Karan to G-III Apparel for $650 Million - http://bit.ly/2adnnE3

Photo Credit: wwd.com

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