Fashion News Alert: Zac Posen Closes Shop, John Varvatos x Led Zeppelin, Galliano Renews Contract, and Barney’s Deal Finalized

Image courtesy of deadline.com

No one would have predicted that Zac Posen would shut down his namesake fashion house. On Friday, that the House of Z and Z Spoke will discontinue as the company could no longer continue operations.

Launched in 2001, Zac Posen’s eponymous fashion brand became a red-carpet favorite, dressing the likes of Rihanna, Gwyneth Paltrow, Oprah Winfrey, and Katie Holmes. Posen set a standard of red-carpet glamour with his figure-hugging gowns often with long trains or flamboyant ruffles.

Posen explained, “deeply saddened that the journey of nearly 20 years has come to an end.” “The management team … worked extremely hard to navigate the increasingly challenging fashion and retail landscape,” he said in a statement as reported in theguardian.com. “We are disappointed that these efforts have not been successful and deeply saddened that the journey of nearly 20 years has come to an end. I am grateful to the team who lent their incomparable talent and commitment along the way. I remain incredibly proud of what we created and hopeful for the future.”

For several season Zac Posen was a judge of “Project Runway.” He currently serves as creative director for the Brooks Brothers women’s division.

Image courtesy of thetimes.com

Galliano renews

John Galliano’s contract has been renewed at Maison Margiela. This renewal comes as no surprise as Galliano’s collections for Maison Margiela have garnered critical acclaim and commercial success.

“Five years ago, I believed that John was the only person who could take this house in his hands, and I am even more convinced of this today. John’s undisputed talent is only matched by his understanding of today’s generations, their way of thinking, their struggles, their dreams. And he is doing exactly what this Maison always did at its best–disrupt, innovate and inspire,” explained Renzo Rosso, as reported in a fashionnetwork.com article.

Renzo Rosso, the Italian billionaire and founder of Diesel, acquired Maison Margiela in 2002. Rosso hired John Galliano in 2014 to helm the women’s division of Maison Margiela. Under Galliano’s auspice, Maison Margiela has become one of the most coveted couture shows during the couture season. And the brand’s revenue had doubled under Galliano’s creative directorship.

Image courtesy of thefashionplate.com

Varvatos teams with Led Zeppelin

The rock band Led Zeppelin is celebrating the 50th anniversary of their first album with a capsule collection collaboration with menswear designer John Varvatos. The collection gives voice to “the band’s innovative aesthetic intertwined with John Varvatos’ penchant for detail and craftsmanship.”

John Varvatos details that the collaboration “resulted in a set of enlivened styles geared for today. Each piece channels Led Zeppelin’s sonic ethos, from their signature iconography to their boundary-pushing rebel attitude.”

“Working with Led Zeppelin on this collaboration is a dream come true. Their music and style [have] had a huge influence on me,” the designer added as reported in fashionnetwork.com.

The capsule collection will be available online at johnvarvatos.com/ledzeppelin, at John Varvatos boutiques high-end specialty stores internationally.

Image courtesy of reuters.com

A new kind of Barneys New York

The Barneys New York sale is finally complete. Barneys New York has been acquired by Authentic Brands Group (ABG). ABG holds licensing for Juicy Couture, Nautica, and Frederick’s of Hollywood.

As a part of the deal, Barneys New York will be co-joined with Saks Fifth Avenue. ABG has decided that the “first order of business will be to reboot Barneys New York on the fifth floor of Saks Fifth Avenue’s newly renovated New York City flagship.”

“This is an important deal for ABG,” said Jamie Salter, the founder, chairman, and CEO of the company, in an interview with The New York Times. “It’s a luxury brand. It’s a retail brand that in my opinion is a real brand, that has a heartbeat, has a lot of emotion, can go in a lot of directions. It’s part entertainment, it’s part luxury, it’s part trend, it’s part experiential. It really is an incredible brand to add to the ABG portfolio. We are going to treat it incredibly carefully.”

It has been decided that ABG will close most of Barneys brick and mortar stores and Barneys will operate as a store within Saks. The Madison Ave flagship store will operate as a kind of ‘pop-up store experience’ that will house cultural and entertainment events, boutiques, and exhibits. This closure of a significant number of Barneys stores will result in the loss of hundreds of jobs. Liquidation sales at Barneys stores may began has early as next week.

When it comes to Barneys future Salter stated that, “[t]he brands in ABG’s portfolio continue to get stronger and stronger as the years go by. You can’t just be a retailer anymore. You’ve got to be experiential; you’ve got to be in so many different things today. You really have to offer everything to the customer. We feel that we’re off to a great start with Saks and feel incredibly confident.”

 —William S. Gooch

 

 

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