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Celebrity June 22, 2016
By Lois Sakany
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Celebrity

Balmain Purchased By Valentino Parent Company

June 22, 2016. 1 Comment

The rumors have been circulating for a while, and today the purchase of Balmain by Qatar-based, investment firm Mayhoola has been confirmed. For an estimated cost of $548 million, the purchase of the French luxury label is layered on top of the firm acquiring French label Valentino in 2011.  No doubt the move was fueled in part by Balmain’s growth under the leadership of young design stud, Olivier Rousteing, who many view as raising the brand’s profile globally through his affinity with social media and the assembly of a #BalmainArmy, a collection of high profile models and celebrities who are often spotted in the label’s signature lavish designs.

Known for its secrecy, according to the Financial Times, Mayhoola, which means “unknown” in the Qatari dialect of Arabic, is thought to be an enterprise led by Sheikha Moza bint Nasser as-Missned, the mother of the Qatari emir, Sheikh Tamim. In the same article an unnamed source said Mayhoola plans to place the Valentino and Balmain under the same umbrella with the goal of taking the newly-formed company public.

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Retailer Atmos, owned by Foot Locker will be ceasi Retailer Atmos, owned by Foot Locker will be ceasing operations in North America. The website and retail locations will be shutting down to further focus on Japan in Asia.

In press about the announcement Atmos SVP and GM Patrick Walsh says,"The Atmos brand has a unique and authentic identity, character and spirit. Given the strength of Atmos in Japan and Asia, we are focused on further investing in this market. Though in line with this focus and our plans for simplification, we have made the strategic decision to close our three Atmos stores in North America and our Atmos U.S. website. We are confident that this is the right move for Atmos and will help us continue to work in service of bringing sneaker and street culture to our customers in Asia.”

The Atmos women's store in Philadelphia opened in October 2022!!
Today, Kering announced the appointment of Dublin, Today, Kering announced the appointment of Dublin, Ireland-born designer Sean McGirr as the new creative director of Alexander McQueen after the departure of Sarah Burton.

A graduate of London’s prestigious Central Saint Martins fashion school, he embarked on his career as an assistant at Burberry and Vogue Hommes Japan before becoming part of the creative team at Uniqlo. Prior to his tenure at JW Anderson, McGirr served as the womenswear designer at the renowned Belgian fashion brand, Dries Van Noten.

With the appointment of McGuirr Kering no longer has any woman creative director for its fashion brands. The visual on the slide.
An in hand look at #Puma and #Fenty's aged silver An in hand look at #Puma and #Fenty's aged silver Avanti sneaker, spotted at Kith's Williamsburg store. The shoe sold out when it launched last week on puma.com, but is now available at multiple retailers.
#Mugler creative director, #CaseyCadwallader broug #Mugler creative director, #CaseyCadwallader brought the glam and the drama to his spring'24 runway show during Paris Fashion Week.

Casting was fabulous as usual, with some of our faves Amber Valetta, Helena Christiansen as well as Mowalola, Omahyra Mota, Anok Yai, Fan Bingbing, Paris Hilton, Angela Bassett and Paloma Elsesser to name a few.
A new #Gucci luggage campaign under Sabato de Sarn A new #Gucci luggage campaign under Sabato de Sarno's creative direction starring Kendall Jenner and Bad Bunny, was unveiled this weekend.

To give context to the campaign, a portion of the press release reads,"Shot in an airport, the meeting place where journeys begin, the campaign explores the intimacy of traveling together through the creative lens of Anthony Seklaoui. Stills capture the fleeting spirit of Kendall Jenner and Bad Bunny's airport stroll, redefining the Jet Set glamour of the 1990s."

Does this campaign count as a relationship hard launch? 

See our stories for a reference by the dope @meliciousnyc that was on point!
Sarah Burton presented her last collection as Alex Sarah Burton presented her last collection as Alexander McQueen's creative director during Paris Fashion Week this Saturday. Naomi campbell closed the show in a stunning silver dress!

Burton's tenure as creative director for Alexander McQueen has  been remarkable, spanning an impressive 26 years. Her ability to maintain the brand's distinctive blend of beauty and edge is noteworthy.

Burton became creative director in  2010 after the tragic loss of Lee Alexander McQueen. As the only female creative director in Kering's fashion portfolio, her contributions have been significant, and her departure, in our opinion leaves a big gap in a house with a very deep and unique brand dna. 

Any thoughts on who will be the next McQueen creative director?
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