What’s Going on at YSL?
Now that Stefano Pilati is done, it seems that Hedi Slimane poised to return to Yves Saint Laurent. On the eve of Paris Fashion Week, which kicks off Wednesday, YSL will today announce the departure of its creative director Stefano Pilati, WWD has learned. Sources said men’s wear star Slimane, who pursued a photography career since exiting Dior Homme in 2007, is seen as the frontrunner to succeed Pilati, as reported. It would be a return engagement for the Paris-born designer, 43, who burst on to the fashion scene in the late Nineties with his modernist, androgynous men’s wear for YSL.
YSL and PPR have declined all comment on the future designer leadership at the French house. It is understood the company will remain mum on the subject until after the upcoming YSL show.
Dannijo Starts on Shoes
Dannijo jewelry designers Danielle Snyder and sister Jodie Snyder are primed to premiere their new shoe line, a collaboration with footwear brand Matt Bernson. Shoes will be available for sale starting August when they launch on Matt Bernson’s Web site at mattbernson.com, shopbop.com and dannijo.com. In total, offerings will include five styles — from denim Maryjanes with a glitter strap to calf hair and pony suede fringe boots with a conical glitter heel — and will retail from $238 to $420.
“Shoes are the same as jewelry — it’s an emotional buy. You gravitate towards something different and unique. These shoes are more like jewelry for your feet,” Jodie Snyder said of Dannijo’s first footwear endeavor.
Billabong Rejects TPG Offer
Billabong International Ltd has rejected a takeover offer from private equity group TPG Capital that valued the company at 765.30 million Australian dollars, or $818.03 million, at current exchange. In a statement delivered to the Australian Stock Exchange Monday morning, the Gold Coast, Australia-based company said TPG’s offer “does not reflect the fundamental value of the company in the context of a change of control”.
According to the statement, Billabong’s founder and major shareholder Gordon Merchant has advised that he would not accept an offer of three Australian dollars, or $3.21, per share because Merchant believes the price is “significantly below” the value of the company. Merchant owns 13 percent of Billabong International’s stock. The three Australian dollar per share offer, made last week, was TPG Capital’s second takeover offer, after making an initial offer during the previous week at the same price.
– Taneisha Jordan
Source & Photo: WWDSee the Top Ten Summer 2016 Trends for Women Over 40