×
155
Fashion Jobs
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
CAPITAL PLACEMENT SERVICES
Cfo For International Funding For 1000 Crore Company in Gujarat
Permanent · Vadodara
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR

Diane von Fürstenberg on the lookout for an investor

Translated by
Nicola Mira
Published
today Dec 12, 2017
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Diane von Fürstenberg has decided to look for an investor willing to acquire a stake in the US label and support it through a new expansion phase. It was the designer herself who confirmed the rumours that have been circulating recently.


Diane von Fürstenberg is looking for an investor - DR


"I'm not about to sell my business, but the time has come to give the company the senior management it deserves. I've decided we will probably sell a stake in [Diane von Fürstenberg's]," the designer told WWD. A spokesperson for the label confirmed the decision, telling FashionNetwork.com that "talks are still at an initial phase and, so far, no deal has been struck by the fashion label." Also, no target date for the operation has been set.

Diane von Fürstenberg, who in 1972 founded the eponymous women's ready-to-wear label in New York, asked the Michel Dyens & Co. merchant bank, with offices in New York and Paris, to handle the negotiations. In 1983, the designer had already resorted to the bank, specialised in mergers and acquisitions, when she sold her cosmetics brand to the UK's Beecham Group Ltd.

As the label's spokesperson underlined, "Diane von Fürstenberg hasn't had a CEO for over a year, and it's now a matter of attracting a suitable top manager, to lead the company through a new phase and consolidate its heritage."

The US label's General Manager, Paolo Riva, left in November 2016, only a year and a half after being appointed to the post. Under Riva's aegis, the label picked Scottish designer Jonathan Saudners as Creative Director in May 2016.

Earlier this year, Marc Menesguen was appointed joint President alongside the founder, who is now 70. Diane von Fürstenberg also stated that Paula Sutter has been co-opted on the board of directors again. Sutter joined the label in 1999 as President, in order to reposition the brand commercially and develop its international reputation as a "luxury lifestyle brand", before leaving the company in 2013.


Diane von Fürstenberg is enjoying positive e-tail results - DR


In the last few years, faced with the luxury market's crisis, the label underwent a far-reaching reorganisation. It reduced the number of items in its ready-to-wear collections by 40%, in order to gain in efficiency and clarity. At the same time, it streamlined its retail and wholesale networks, making them more selective, with the objective of drawing closer to consumers.

"As everyone knows, retail sales are going through a difficult phase for all brands right now. In terms of physical stores, we have not renewed a number of leases and, effectively, we have deliberately rationalised our distribution. Our e-tail business is performing extremely well," the company told FashionNetwork.com.

Diane von Fürstenberg is currently distributed via 140 stores worldwide, about twenty of them in the USA.
 

Copyright © 2019 FashionNetwork.com All rights reserved.