THE LATEST INVESTMENTS: ASTON MARTIN, FABERGE & CHRISTOPHER KANE

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Orient Express turns down a $1.8 billion takeover bid from Indian Hotels Group, as mining company Gemfields seeks to acquire fine jeweller Fabergé for $142 million.

Acquired: Fabergé, Gemfields

Gemfields, pending minority investor approval, is to buy luxury jeweler Faberge from one of the colored gem miner’s own shareholders, in a deal valuing the fine jeweller at $142 million. The all-share deal will create an integrated company that mines colored stones and uses the Faberge brand to promote their use in jewelery.

Source: Reuters
Speculation: Sale, Aston Martin

Investment Dar Co., owner of Aston Martin, is said to be in “advanced” talks to sell new shares to investors to boost funding for future development. The Kuwaiti based investment group has received competing bids from Investindustrial and Mahindra & Mahindra Ltd. (MM) for 50% of voting rights and a 40% equity stake.

Source: Bloomberg
Rejected: Takeover Bid, Orient-Express

Orient-Express has rejected an unsolicited $1.2 billion takeover offer from Tata Group’s Indian Hotels Co Ltd and a fund controlled by Italy’s Montezemolo & Partners. The unsolicited bid was 43% higher than Orient-Express’s 20-day average price, a record premium for the industry, and valued the company at the highest earnings multiple in six years for a hotel takeover.

Source: Reuters, WSJ
Acquired: Investcorp, Georg Jensen

Bahrain-based alternative asset manager, Investcorp, has purchased Danish luxury retailer Georg Jensen for $140 million. Hazem Ben-Gacem, Investcorp’s European private equity head, will co-chair Georg Jensen, as saying Investcorp planned to expand the Danish brand in Asia, particularly China.

Source: Reuters
Speculation: PPR, Christopher Kane

PPR, helmed by Francois-Henri Pinault, is said to be in discussions with Christopher Kane, to invest in his eponymous brand. The company is believed to have held discussions with Christopher Kane in which financial backing has been offered. Nothing has yet been confirmed and representatives for PPR and Kane were unavailable for comment.

Source: Vogue UK
Acquired: Vionnet, Goga Ashkenazi

Kazakh oil billionaire Goga Ashkenazi has acquired all outstanding shares in Vionnet to become its sole owner. Ms. Ashkenazi bought into Vionnet in May 2012, but has since purchased all remaining shares from past owners Matteo Marzotto and Marni CEO Gianni Castiglioni.

Source: Elle UK
Boughtback: Derek Lam, Labelux

In a bid to refocus on luxury leather goods and shoes, Labelux has sold Derek Lam back to its founders, Lam and CEO Jan-Hendrik Schlottmann. “We have taken a strategic decision to refocus our activity on luxury leather goods and shoes,” explained CEO Reinhard Mieck said. “We wish Derek and Jan well as we return the leadership into their capable hands.”

Source: Fashionista
Invested: Damiani, India

Damiani is the first foreign investor to get the government approval to invest in the jewellery monobrand retail in India, after working with the Indian government to acquire 51% of Damiani India Pvt Ltd, the company managing the Damiani store in New Delhi at the Oberoi Hotel. Damiani will then agree to establish a joint venture with Indian partners.

Source: Damiani
Confirmed: Karl Lagerfeld, Inter Parfums

Karl Lagerfeld has signed a 20 year worldwide license agreement with Inter Parfums, to create and distribute perfumes under the German fashion designer’s namesake brand. Karl Lagerfeld has since ended its deal with fragrance and cosmetics company Coty BV.

Source: Reuters
Sold: Plaza Hotel, Subrata Roy

Indian billionaire Subrata Roy has purchased a 75% stake in New York’s iconic Plaza Hotel for $575m from US-Israeli retailer El Ad. The remaining 25% of the hotel is being retained by its current owner, Prince Alwaleed bin Talal of Saudi Arabia, via his Kingdom Holding group.

Source: BBC
Rejected: Four Seasons Hotel NYC, Asian Buyer

Four Seasons Hotel New York owner H. Ty Warner has decided not to sell the Manhattan property after receiving an unsolicited bid of about $900 million. “Due to the continued strength in the New York real estate market and impending fiscal cliff, he does not feel that this is an advantageous time to sell this iconic property,” explained Donna Snopek, chief financial officer of Ty Warner Hotels and Resorts LLC.

Source: Bloomberg
Invested: DiamondCorp, Laurelton Diamonds

Laurelton Diamonds Inc., a wholly owned subsidiary of Tiffany & Co., has issued a $6 million term loan to DiamondCorp plc, a South African diamond development and exploration company listed on London’s AIM stock exchange. As part of the loan agreement, Laurelton Diamonds will have the right to purchase production from DiamondCorp’s Lace Mine in South Africa.

Source: WWD
Stake: Luxottica, Salmoiraghi & Viganò

Salmoiraghi & Viganò, a leading Italian company in the eyewear retail sector, has received approximately €45 million from eyewear manufacturer Luxottica. Luxottica will subscribe for newly issued shares of Salmoiraghi & Viganò resulting in a 36% equity stake in the Italian optical retailer, which will retain control of company operations.

Source: 4Traders
Acquired: Four Seasons Toronto, Saudi Prince Walid

Billionaire Saudi Prince Walid bin Talal’s Kingdom Holding investment group has purchased the luxury hotel Four Seasons Toronto, Canada for $200 million. “The transaction was funded by a $130 million mortgage loan while $70 million came from (the company’s) own resources,” Hazem al-Dosari, a Kingdom Holding Company (KHC) spokesman, told AFP.

Source: Al Arabiya
Sold: Ekati Diamond Mine, BHP

Diamond company Harry Winston agreed to purchase BHP Billiton’s Ekati mine in Canada and its marketing operations for the precious stones for $500 million. The deal is expected to close in the first quarter of next year, according to BHP.

Source: The Israeli Diamond Industry
Invested: Aeffe, Emanuel Ungaro

Aeffe has signed an exclusive partnership agreement with Emanuel Ungaro for the production and worldwide distribution of women’s clothing and accessories, as well as the option to acquire a significant minority share of Ungaro’s capital stock on achieving shared goals. The license will be active for a period of 7 years, with the option to renew.

Source: Aeffe

For more in the series of The Latest Investments, please see our most recent editions as follows:

The Latest Investments: Chanel, Marcolin & Orient Express
The Latest Investments: Anya Hindmarch, Berluti & Harry Winston
The Latest Investments: Coty, Porsche & Valentino


© Luxury Society, The Latest Investments: Aston Martin, Fabergé & Christopher Kane, 30 November 2012, by Sophie Doran.


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THE LATEST APPOINTMENTS: CARTIER, CACHAREL & CHRISTIAN DIOR

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Raf Simons has been appointed as creative director of Christian Dior, succeeding John Galliano.

 

The Latest Appointments at Starwood Hotels, Christie’s, Bergdorf Goodman, Cartier, YSL Beauté, Sonia Rykiel, PPR, Bentley Motors, Akris & Cacharel

The Dior saga is finally over. After one year of speculation – where everyone from Riccardo Tisci, Marc Jacobs, Kayne West, Alber Elbaz, Alexander Wang and even the disgraced Galliano himself were rumoured to be taking the top spot – Raf Simons has been confirmed to head womenswear and haute couture, whilst Kris Van Assche continues to head design at Dior Homme.

Over at Richemont, group manufacturing director Jan Rupert is stepping down to focus on other activities and to broaden his remit within the family of companies controlled by Johann Rupert. Whilst Mr. Rupert will remain an executive director of the group, Richard Lepeu, Richemont’s deputy chief executive, will oversee the group’s manufacturing strategy as of April 1.

At PPR, Gucci America’s president Laura Lendrum has resigned to pursue other opportunities according to WWD. Ms. Lendrum joined Gucci in 1997, and moved to Yves Saint Laurent America as president in 2001. Gucci president and chief executive officer Patrizio di Marco will oversee the Americas region in the interim until the company names a successor.

Raf Simons, Creative Director, Dior

Ending a year of speculation, Belgian designer Raf Simons has been named as the next artistic director of Christian Dior, following his recent exit from Jil Sander. Mr. Simons will be in charge of haute couture, women’s ready-to-wear and accessories, starting with the couture show in July, while keeping his eponymous men’s line. Kris Van Assche remains in his position at Dior Homme.

Source: NYTimes
Stanislas de Quercize, CEO, Cartier

Cartier has appointed Stanislas de Quercize to take over from Bernard Fornas as chief executive of top-of-the-range jewellery and watchmaker Cartier. Mr. De Quercize is currently serving as CEO of fellow Richemont subsidiary Van Cleef & Arpels, and will replace Mr Fornas at the end of the year, when he is due to retire.

Source: Reuters
Joshua Schulman, President, Bergdorf Goodman

Following his departure from Jimmy Choo in late 2011, Joshua Schulman has been named president of U.S. luxury retailer Bergdorf Goodman. Prior to his tenure as CEO of Jimmy Choo, Mr. Schulman served as executive vice president at the Gucci Group, where he oversaw worldwide merchandising and wholesale for Yves Saint Laurent, and served as worldwide director of Gucci women’s ready-to-wear.

Source: WWD
Stephan Bezy, General Manager, YSL Beauté

Joining the Management Committee of L’Oreal Luxe, Stephan Bezy has been appointed International General Manager of Yves Saint Laurent Beauté. Mr. Bezy joined L’Oréal in 1991 and has since served as global President at Redken, International General Manager at Shu Uemura and General Manager of Cacharel.

Source: Premium Beauty News
Management Team, Starwood Hotels & Resorts

Starwood has restructured its executive team following the retirement of three senior leaders, Matt Avril, President of the Hotel Group; Denise Coll, President of Starwood North America; and Miguel Ko, Chairman and President of Starwood Asia Pacific.

Currently president and CEO of Starwood Vacation Ownership, Sergio Rivera, has been promoted to co-president of Starwood Americas. Osvaldo Librizzi who assumes primary responsibility for Latin America joins him as co-president of Starwood Americas. Stephen Ho, currently Senior Vice President of Acquisitions and Development for Starwood China, has been promoted to President of Asia Pacific. And finally currently head of Starwood’s operations for China, Qian Jin, has been promoted to the title of President of Greater China.

Source: PR Newswire
Vincent Gillet, Brand Chief, W & Le Meridien

Starwood has appointed Vincent Gillet as brand chief for W Hotels and Le Meridien brands, replacing Eva Ziegler. Mr. Gillet has spent the last two decades working on well-known luxury brands for LVMH, Chanel and Pernod Ricard, followed by a three-year tenure as chief marketing officer at Six Senses Resorts & Spas.

Source: USA Today
Eric Langon, Managing Director, Sonia Rykiel

Eric Langdon has been appointed as managing director of Sonia Rykiel effective April 16, where he will report to CEO Jean-Marc Loubier, also CEO of Fung Brands, which acquired an 80 per cent stake in the French fashion house in February. Most recently Mr. Langon served as chief operating officer at Lancel.

Source: WWD
Katrina Burchell, Intellectual Property Director, PPR

Katrina Burchell has been charged with the task of re-organising and monitoring PPR’s Intellectual Property function, joining the French conglomerate as Intellectual Property Director. Prior to her appointment, Ms. Burchell headed the Trademarks, copyrights and domain names at Unilever group.

Source: 4-Traders
Emile Rubenfield, CEO, Carolina Herrera

Emilie Rubinfeld has been appointed vice president of global marketing and communications, in a newly created title at Carolina Herrera. Most recently Ms. Rubinfeld served as senior vice president of marketing and communications at Akris, following tenure as vice president of marketing at Giorgio Armani Corp.

Source: WWD
Jinqing Caroline Cai, Managing Director, Christie’s China

Auction house Christie’s has appointed its first managing director in China, Jinqing Caroline Cai, effective June 1. A founder of the Brunswick Group, a global PR firm in Beijing, Ms. Cai will manage the office and oversee all activities involving the Chinese marketplace.

Source: JustLuxe
Katie Reed, Associate Vice President, Akris

Katie Reed has joined Akris as associate vice president of marketing and communications, following service at Patek Philippe North America, as public relations and communications director. Ms. Reed will oversee all areas of marketing, advertising, public relations and special events in the U.S.

Source: WWD
Kevin Rose, Sales & Marketing Chief, Bentley Motors

As part of a reshuffle of senior marketers within Volkswagen Group UK, Kevin Rose has joined Bentley Motors as its new board level sales and marketing chief, taking over from Alasdair Stewart. Mr. Rose joins from parent group Volkswagen’s China business, where he was executive vice president for sales.

Bentley has also named Andrea Baker as head of media relations, who most recently served as head of public relations with Porsche Cars Great Britain.

Source: Marketing Week
Source: JustLuxe.com
Pascal d’Halluin, CEO, Cacharel

Pascal d’Halluin has been appointed chief executive officer of Cacharel, succeeding managing director Marc Ramanantsoa, effective March 19. Mr. d’Halluin worked with L’Oréal for eight years before taking over as CEO of Lee Cooper France in 1994.

Source: Just Style
Michael Burgess, President, Saks Direct

Saks Inc. has named Michael Burgess president of Saks Direct, reporting to Denise Incandela, executive vice president and chief marketing officer. Mr. Burgess was most recently led merchandising, marketing, consumer information technology and other functions of the consumer division of FTD, the florist, which is owned by United Online Inc.

Source: WWD
Michael Kingston, SVP & CIO, Neiman Marcus

Neiman Marcus Group has named Michael R. Kingston senior vice president and chief information officer, succeeding Phillip Maxwell, who earlier this month announced his retirement. Earlier, Mr. Kingston served as vice president, applications at Coach Inc. and international director of information services at LVMH Moët Hennessy Louis Vuitton.

Source: WWD

For more in the series of The Latest Appointments, please see our most recent editions as follows:

The Latest Appointments: Givenchy, Jil Sander & Yves Saint Laurent
The Latest Appointments, Pucci, Tod’s & Girard-Perregaux
The Latest Appointments, Bulgari, Labelux & Net-a-Porter


© Luxury Society, The Latest Appointments: Cartier, Cacharel & Christian Dior, 17 April 2012, by Sophie Doran


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