Industry News – January 17th, 2017

Curated fashion industry news links for Tuesday, January 17th, 2017…

REED KRAKOFF NAMED CHIEF ARTISTIC OFFICER OF TIFFANY & CO. – Vogue
“Reed Krakoff has been named the Chief Artistic Officer of Tiffany & Co. In the newly created position, Krakoff will oversee design of Tiffany & Co. brand jewelry and luxury accessories. Store design, e-commerce, advertising, and marketing are also in his purview.”

VERSACE SAYS NO TO COUTURE SHOWS – TheNewYorkTimes
“Versace will not hold its usual fashion show this coming Sunday, the opening night of the couture spring 2017 shows in Paris, opting instead for a number of “major client events” during the year in cities around the world, including Hong Kong and New York, according to its chief executive, Jonathan Akeroyd.”

FOLLOWING A CÉLINE NON-COMPETE, MARCO GOBBETTI TO BEGIN WORK AT BURBERRY – TFL
“Burberry has announced a start date for its new chief executive officer, six months after announcing it was hiring Marco Gobbetti to take on the role. The former CEO of LVMH Moët Hennessy Louis Vuitton-owned Céline will join the London-based fashion house later this month as executive chairman of Asia Pacific and the Middle East before formally taking the reins on July 5, the London-based company said in a statement Monday.”

WHY ALIBABA IN AMERICA IS THE GROWTH WE NEED TO SUPPORT – Forbes
“Two events within a few weeks highlight the highs and lows of China e-commerce giant Alibaba’s U.S. connectivity. To be fair, these events also highlight the highs and lows of the United States in its China undertakings.”

LIMITED STORES FILES VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11; SIGNS AGREEMENT WITH “STALKING HORSE” BIDDER FOR INTELLECTUAL PROPERTY AND E-COMMERCE BUSINESS – PRNewswire
“Concurrently, the Company announced that it has entered into an asset purchase agreement with an affiliate of private equity firm Sycamore Partners to acquire the Company’s intellectual property and certain related assets pursuant to Section 363 of the Bankruptcy Code, subject to the receipt of higher or better offers.”

OPENING CEREMONY ASSEMBLED A VARSITY SQUAD OF COMEDIANS AND MUSICIANS FOR ITS LATEST EVENT – TheCut
“Designers Humberto Leon and Carol Lim invited some of their favorite people — including Whoopi Goldberg, Jessica Williams, Ilana Glazer, and St. Vincent — out to dine and model their Global Varsity Collection.”

THE AMERICAN APPAREL LAYOFFS HAVE BEGUN, COMPANY TO CLOSE ALL U.S. STORES – TFL
“American Apparel LLC started to lay off staff on Monday, after Canada’s Gildan Activewear withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer’s manufacturing operations…”