The trade’s sport of artistic director musical chairs continues.
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Peter Dundas’s horny, patchworked, boho spring 2017 Roberto Cavalli assortment was his final for the Milan-based style home. Only a 12 months and a half after being tapped to interchange the home’s namesake as artistic director, Dundas’s departure was introduced by Roberto Cavalli Group on Wednesday morning.
“On behalf of Roberto Cavalli and our shareholders, we thank Peter Dundas for his contribution to the brand, and we wish him well for his future,” mentioned CEO Gian Giacomo Ferraris in a press release.
“I want to thank Roberto Cavalli and the Group for this valuable experience and I wish them the best in their future endeavors,” mentioned Dundas. “I am especially grateful to the ateliers and the teams who participated in this adventure.”
It was a fairly quick journey, which started with a really ’80s spring 2016 debut that was met with combined critiques. For his subsequent collections, he is veered extra in direction of a glamorous, ’70s-hippie aesthetic, infused with Cavalli signatures like animal print and horny silhouettes. Dundas was poached from Emilio Pucci to breathe new life into Roberto Cavalli, the place he had beforehand served as head designer from 2002 to 2005.
The appointment coincided with a serious change in possession and management at Roberto Cavalli, which was acquired by personal fairness agency Clessidra S.p.A. final April. Clessidra then appointed former Coty president Renato Semerari as CEO; however in July of this 12 months, Semerari left and was changed by former Versace CEO Gian Giacomo Ferraris. On the similar time, it was introduced that Roberto Cavalli’s president because the acquisition, Francesco Trapani, can be leaving efficient Sept. 10.
“As Roberto Cavalli goes through a period of transformation, the design team will carry on and the appointment of a new creative director will be made in due course,” added Ferraris.
It is a interval of transformation for lots of prime homes proper now, with Saint Laurent, Lanvin, Dior and Valentino below new artistic management and Versus Versace and Brioni with none as massive luxurious manufacturers battle to modernize and keep related in a quickly altering style and retail panorama. It is going to be fascinating to see the way it all shakes out, and the place Dundas would possibly take his abilities for print, horny pink carpet dressing and socializing with fashions and celebs, subsequent.
Replace 10/12: Dundas’s exit was simply the primary transfer in a complete reorganization of the corporate led by Ferraris, set to start within the coming days. Roberto Cavalli introduced in a while Wednesday that it’ll relocate its headquarters from Milan to Florence; will shut, relocate and promote its shops; and remove 200 positions (the corporate employs 672 individuals complete). The aim is to return the corporate to profitability by 2018.
“The fashion industry is facing uniquely challenging times, with changing consumer demands, significant contraction in various key markets and fundamental transformation in the industry’s dynamics. In this environment, only iconic brands with a coherent business model and an efficient organization can survive,” mentioned Ferraris in a press release offered to each publications. “After my initial examination of the company I believe the Cavalli brand has what it takes to succeed. But the reality is that the company’s costs must be in line with its revenues and that is the task we now have to embark upon.”
This submit was up to date to attribute Ferraris’s and Dundas’s statements to a launch offered by the model and embrace details about the corporate’s deliberate reorganization.
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