Today’s Fashion Headlines: Friday December 21, 2012

Current/Elliot Say Goodbye

Emily Current and Meritt Elliott are exiting their namesake denim label Current/Elliott. In a joint statement issued Thursday, Current and Elliott provided no reason for their departure but mentioned they will continue to work together outside of the framework of Current/Elliott. They said they have a number of design projects on the horizon and also will carry on styling and consulting. Current/Elliott rose to popularity on the strength of its faded washes and boyfriend jeans. “We are so proud of what we have accomplished with Current/Elliott,” Current and Elliott said. “Parting ways has been a difficult decision, but we are thrilled for our next chapter in design and to perpetuate our whimsical Americana aesthetic across multiple categories.” Current and Elliott, longtime Los Angeles-based stylists who were inducted into the CFDA this year, most recently acted as consultants to Current/Elliott, which they founded with Serge Azria in 2008. Azria’s company, Dutch LLC, owns Current/Elliott, as well as Equipment and Joie, and he is the chief executive officer and creative director of Current/Elliott.

YSL Rush-ing Back to Chicago

Parisian fashion house Yves Saint Laurent leased 2,375 square feet in the Waldorf Astoria Hotel in the Gold Coast. With the Yves Saint Laurent deal, the Waldorf’s retail spaces are now fully leased. The fashion house previously operated a store at 51 E. Oak St. but closed it two years ago. Yves Saint Laurent launched his brand in 1962. It was acquired by Gucci Group in 1999. Gucci was acquired by PPR, a French luxury holding company. Gucci’s creative director, Tom Ford, took over the brand and gave it a new style that Saint Laurent disapproved of. Italian designer Stefano Pilati, the creative force behind the brand for much of the past decade, was replaced in March by Hedi Slimane, who designed YSL’s menswear line in the late ’90s and then spent years as a menswear designer for Christian Dior. Slimane received some backlash from New York Times fashion critic Cathy Horyn after making the decision to remove the “Yves” from “Yves Saint Laurent.” A spokesman for the label said that the store is set to open Fall 2013.

David Yurman Pulls Out Of Baselworld

After what sources call an “exasperating” back-and-forth with the higher-ups at Baselworld, the international watch and jewelry fair, David Yurman has pulled out as an exhibitor. According to WWD, The company confirmed that it won’t be participating in the fair and added that it prefers to focus on its growing international business instead. Taking place from April 25 to May 2 in Basel, Switzerland, the yearly trade show is widely regarded as the premier fair for watch and jewelry brands. Taking that into consideration, it came as a surprise to many that Yurman would remove itself from the prominent selling event. Sources with knowledge of the matter said Yurman was unhappy with the location of its booth on the showroom floor this spring. Currently, the trade show is reshuffling some of the placements of its exhibitors amid renovations to its halls. Most likely, that’s just one reason David Yurman passed on Basel. Over the years, negotiations have been “tense” between Baselworld and Yurman, a source said. Yurman denied such speculation and said it would be open to participating in Basel in the future.

– Selicia A. Walker

Sources: WWD, Chicago Business

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