Today’s Fashion Headlines: Thursday, May 23, 2013

May 23, 2013 • Fashion Blog, Fashion News

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A look by Issa

Daniella Helayel Exiting Issa London

The founder and creative director of Issa London, Daniella Helayel, is leaving the company. Helayel will be succeeded by Blue Farrier, who has worked for Stella McCartney, Anya Hindmarch, Sandro, and most notably with Phoebe Philo at Chloé.

Starting at the end of the year, Helayel is exiting the business to pursue other interests. In a statement issued to WWD, she said, “The time has come for me to move on to focus on my art, travel and other interests. Creating Issa has been one of the most rewarding things in my life. I may be leaving, but the Issa girl will live forever in my heart.” Helayel is a minority shareholder in the company.

Gwyneth Paltrow the Face of the Latest Hugo Boss Scent

Gwyneth fans rejoice! The Goop queen returns as the face of Hugo Boss’ new fragrance. The company has a new perfume, Boss Jour Pour Femme, designed to complement Boss Nuit Pour Femme. The scent is fruity-floral and has top notes of grapefruit and lime, freesia, lily of the valley, and honeysuckle. The base notes are white birch and creamy amber. The fragrance will hit stores starting this summer and will be available as an eau de parfum, body lotion, shower gel, and deodorant. The prices for the perfume range from $46 to $75.

Ralph Lauren Denim & Supply Opens Stores

Denim & Supply will open its second U.S. store today. Also the brand’s first in New York, the 4,000 square foot space in Manhattan formerly housed the Ralph Lauren Rugby shop. Denim & Supply opened their first U.S. store in Boston earlier this month.

The brand is characterized by youthful, denim-centric pieces that celebrate individualism. Twelve D&S stores have opened in Europe and Asia and the collection is sold at denimandsupply.com and in Macy’s stores throughout the U.S. as well.

Saks For Sale?

Late Tuesday it was reported that Saks Fifth Avenue had hired Goldman Sachs to explore options, including a possible sale of the company. In response, shares spiked 13% yesterday which is great news for shareholders.

Since the recession the retailer has slashed debt and closed under-performing stores, making it more attractive to big private-equity firms such as KKR and Leonard Green & Partners as well as foreign wealth funds.

Bloomberg News reported yesterday that KKR has weighed taking a stake in Saks and combining the company with nemesis Neiman Marcus. Can you imagine that?

– Claire Mykrantz

Sources: WWD & NY Post

Image: WWD

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