Mary Katrantzou Wins BFC/Vogue Award
Mary Katrantzou has won this year’s BFC/Vogue Designer Fashion Fundprize. The British designer beat Osman, Holly Fulton, Michael van der Ham, Mother of Pearl, Sophia Webster and Emilia Wickstead. Judging was based on the designer’s collections and their five-year business plans. Katrantzou has won high-level mentoring for a year and 200,000 pounds to help her grow her business. “It was an extremely diverse short list, but ultimately, we all agreed that Mary has not only created a strong and hugely appealing identity for her work, but has put in place measures that, along with the support of this prize, should ensure an exciting and successful next stage of her career,” said Alexandra Shulman, editor of British Vogue. Past winners include Peter Pilotto, Nicholas Kirkwood, Jonathan Saunders, Christopher Kane and Erdem.
Versace Planning IPO
After a strong 2014, Versace is getting itself ready for an IPO. The Milan-based brand has set the wheels in motion and has already sold a 20 percent stake to Blackstone Group for 210 million euros to fund international expansion. In 2014, Versace saw net profits increase by 27 percent to 26.3 million euros, compared to a profit of 20.7 million euros in 2013.
Diane von Furstenberg Doing Footwear Again
Diane von Furstenberg has signed a licensing agreement with Brown Shoe Co. for a women’s shoe collection, which is set to launch for the resort 2016 season. She’s previously done footwear through Schwartz & Benjamin before growing her brand dramatically over the recent years. “I love my legs, but I count on my feet. Nothing is more important than shoes for the confident, sexy woman on-the-go,” said von Furstenberg.
Source: WWD, WSJ
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