Fashion News Alert: Coach Acquires Kate Spade, Paris Jackson Signs with Calvin Klein, Dame Anna, and French Lawmakers Fight Against Model Thinness

Paris Jackson at the 2017 Met Gala. Image courtesy of justjared.com

Paris Jackson at the 2017 Met Gala. Image courtesy of justjared.com

 One of the Jackson tribe is fronting for Calvin Klein, and it is not Janet, Latoya or Tito. Paris Jackson, the 19-year old scion of pop legend Michael Jackson, has signed a reported seven-figure salary as the face and body of Calvin Klein.

Paris Jackson will join the likes of Lauren Hutton and the cast of “Moonlight” as inspirational subjects for Calvin Klein Creative Director Raf Simons. There are still no details on what Paris Jackson will be modeling for the brand.

Image courtesy of ppcorn.com

Image courtesy of ppcorn.com

Kate Spade buyout

On Monday, Coach acquired Kate Spade for 2.4 billion dollars. In December 2016, the Wall Street Journal revealed that an acquisition of the brand was afoot. Kate Spade and Coach’s board of directors unanimously approved the acquisition deal that is expected to close in the third quarter of 2017.

“Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials. Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic, distinctive products and fashion innovation,” says Victor Luis, chief executive officer of Coach.

Although this acquisition may look like a done deal, there are some fiduciary duties that may have been breached in that the buyout may have been too low, affecting current shareholders and perhaps, the Kate Spade brand did not adequately pursue other alternatives to a buyout prior to the acquisition.

Image courtesy of usatoday.com

Image courtesy of usatoday.com

Dame Anna

You will now have to call Anna Wintour, Dame Anna Wintour.  Last Friday, for her contributions to fashion and journalism, Queen Elizabeth made Anna Wintour a Dame of the United Kingdom.

The 67-year old editor-in-chief of American Vogue has been at its helm for over 30 years, the longest appointment in the magazine’s history. Her 30-year history at Vogue has made her one of the most influential people in fashion.

Image courtesy of poandpo.com

Image courtesy of poandpo.com

The skinny on the French

French lawmakers have now passed a law that in order for fashion models to work in France they must have an occupational health certification. Also, the new law states that if body images have been retouched to make the model look thinner or more fleshed out, there must be a notification that the body image has been retouched.

“It will be mandatory for pictures used for commercial purposes to carry the `re-touched picture´ mention if a model’s physical appearance has been modified, whether fleshed out or made thinner, by means of an image editing software,” wrote the French Health Ministry in a press release. “The [fashion] industry was involved in the drawing up of these decrees, and was therefore informed in advance,” said the Ministry.

The health certificate will be valid for up to two years and will certify, “The person’s overall health […], evaluated specifically in terms of their body mass index, allows them to carry out the job of fashion model.” This new legislation comes on the heels of outrage from consumers and French media over the extreme thinness of some models in recent fashion campaigns and editorials.

—William S. Gooch

 

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