If you take your eyes off the fast-paced fashion industry for even a second, you risk missing a major announcement (or four). Over the weekend, designer deaths, designer departures, and more hit the wire, sending shockwave after shockwave through all fashion sectors.
First, it was the tragic and untimely death of Australian, London-based designer Richard Nicoll that shook the fashion industry. At the age of only 39, Nicoll was pronounced dead after he was found in his Macleay Street apartment, and police are currently unsure as to the cause of his death. An outpouring of grief, love, and support overflowed in the comments section of Business of Fashion’s Instagram account, where the news first broke.
Nicoll saw tremendous success in his career after he graduated from Central Saint Martins, where his graduate collection had been snapped up by Dolce & Gabbana. He later worked at Louis Vuitton before launching his eponymous line in 2005. Ten years later, he shuttered the doors of his brand in order to consolidate business strategy but was later handed the coveted position of Creative Director at Adidas, where he was set to take over in 2017. Savoir Flair, along with the rest of the industry, mourns the loss of this tremendously talented and kind-hearted man.
In other shocking news, it was announced that Marni founder Consuelo Castiglioni would be stepping down after 20 years at the head of the company. In a statement to the press, Castiglioni said, “These were hectic and exciting years that absorbed all of my energies to create a project I am proud of. Thanks also to the constant support of my family, who allowed me to stay true to my idea, I built a brand with a precise and recognisable identity. The time has now come to dedicate myself to my private life. I thank all the people who believed in this project and who, with loyal dedication, have helped me along this fantastic journey.”
Like many designers of late, it appears Castiglioni has also fallen victim to fashion fatigue. Her replacement, Francesco Risso, was selected by the Castiglioni family to take over due to his experience working as a designer at Prada. As a young and relative unknown in the fashion industry set to take over at a major brand, Risso has drawn comparisons to Alessandro Michele at Gucci. All eyes will be on the Marni runway for Fall/Winter 2017 in February to see in which direction Risso takes the legendary Italian luxury house.
On the business side of things, a design partnership between Victoria Beckham and Target was reported over the weekend, which is a sound commercial move for the designer. “I can reach so many more women through working with Target,” Beckham told Business of Fashion in an exclusive interview.
“It’s not just because of the price point, but because of how many stores they have, located all around America. These are women that I haven’t been able to reach out to in the past, and I always say that I want to empower women and make women look like the best versions of themselves. That shouldn’t be only people who can afford to spend a certain amount of money.” The limited-edition collection will include both womenswear and apparel for children.
Finally, financial blog Betaville broke a major business story when it published a feature claiming that Coach was considering a merger with Burberry. From an aesthetic standpoint, these brands feel like a good fit for each other, especially in the wake of Coach’s rebranding. While neither Coach nor Burberry would confirm the veracity of the story, Burberry’s stock rose 4.8 percent after the report was published.