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18 Apr

Revolve Festival Draws Celebs, Plus Balenciaga’s Recent Hamburg Store

Revolve Celebrates: Revolve Festival returned this weekend.

A more intimate affair, the e-tailer was celebrating its twentieth anniversary with a much smaller guest list this 12 months. The production, though, was just as big. Performers on day one included Don Toliver, Ice Spice, PinkPantheress, Siobhan Bell, Amaarae and Honey. Day two brought out City Girls and 21 Savage.

“We’ve been form of reminiscing so much, truthfully,” said Raissa Gerona, chief brand officer. “And we’ve activated within the desert now — with Revolve Festival it’s been officially six years — but bringing influencers, that is going to be our tenth 12 months. Looking back at the way it’s evolved a lot, it’s really incredible.”

It was a mixture of big-name influencers, music and Hollywood names who joined Gerona, and Revolve founders Michael Mente and Mike Karanikolas, including: Kendall Jenner (who had 818 Tequila flowing), Hailey Bieber (who provided a Rhode beauty claw machine), Shay Mitchell (along with her corporations Onda Tequila Seltzer and Béis on site), Suki Waterhouse, Camila Morrone, Leonardo DiCaprio, Lewis Hamilton, Lori Harvey, Paris Jackson, Storm Reid, Saweetie, G-Eazy, Aimee Song, Camila Coelho, Chriselle Lim, Draya Michele, Natalia Bryant, Leon Bridges, Emma Roberts, Evan Mock, Idris Elba, Irina Shayk, Jasmine Tookes, Josephine Skriver, Teyana Taylor, Tyga, YG, Olivia Culpo, Madison Bailey, and sisters Charli and Dixie D’Amelio.

Partnering with The h.wood Group, the daytime parties were Saturday and Sunday from 2 p.m. to 7 p.m., just in time for guests to move to the Coachella grounds a number of miles away to catch headliners Blackpink and Frank Ocean, respectively.

On Friday, Revolve held a pool party at The Colony Palms Hotel and Bungalows in Palm Springs, where the corporate hosted its “family and friends.” They’d a gifting suite available, decking everyone out in Revolve wear. — RYMA CHIKHOUNE

GRAY MATTER: Balenciaga brought its “raw architecture” concept — which exalts aged concrete floors, stained metal fixtures, exposed ventilation and unfinished partitions — to its recent boutique in Hamburg, Germany, which opened Monday.

The 2-story unit at 20 Neuer Wall spans about 5,800 square feet and carries the brand’s menswear, womenswear, accessories, bags, jewelry and eyewear.

Balenciaga’s recent store in Hamburg exalts its “raw architecture” store concept.

Annik Wetter

The French fashion brand, controlled by Kering, also operates stores in Munich and Berlin. The Hamburg addition brings the variety of Balenciaga stores on the planet to 299.

The brand shared images of the shop empty, extolling what it calls an “atemporal setting, not related to one particular era.” Its intentionally rough surfaces and “simulated corrosion” actually stand in contrast to the stereotypical codes of luxury — acres of rare marble and gleaming surfaces.

A bench by Tejo Remy for Droog Design, composed of vintage and deadstock Balenciaga fabrics strapped tightly together, offers a touch of color and texture to the uniformly gray environment.

Polished shelving, floor-to-ceiling mirrors, and digital screens will “punctuate the vacated effect with modernity,” in response to the brand.

In keeping with Kering’s ambitions to cut back its environmental impact, Balenciaga said its raw stores are “are designed with respect to existing structural elements leading to stores inherently consuming fewer virgin materials.”

Balenciaga, which went quiet within the wake of its promoting scandal last 12 months, seems to have resumed normal brand communication after its return to the runway last March — a low-key show that dialed down the provocation to place the deal with the “art of constructing clothes.” — MILES SOCHA

Sunny Days: Simon Porte Jacquemus is thought for his vibrant celebration of Provençal living, so it is sensible that his first foray into interior design features a pool chair in a sunny striped fabric.

Jacquemus collaborated with Italian company Exteta to launch a reedition of Gae Aulenti’s Locus Solus outdoor furniture, designed in 1964. The 4 pieces launched on Monday, just in time for the Salone del Mobile in Milan, and can be found exclusively on the Jacquemus website and at its store on Avenue Montaigne in Paris.

“I actually have at all times dreamed of developing a furniture line,” Jacquemus said in an announcement. “I’m an awesome fan of designer chairs and I actually have collected Gae Aulenti vintage chairs for a few years, ever since I saw them within the movie ‘La Piscine’ by Jacques Deray. I desired to add a Jacquemus touch to the chair, with a yellow striped fabric inspired by ‘80s beach mattresses and umbrellas.”

The Gae Aulenti Locus Solus sun loungers by Exteta and Jacquemus.

The Gae Aulenti Locus Solus sun loungers by Exteta and Jacquemus.

Théo de Gueltzl/Courtesy of Jacquemus

Prices start at 1,188 euros for a Locus Solus chair in an off-white structure and yellow striped fabric, and rise to five,940 euros for the matching sun lounger. Exteta originally relaunched the gathering in 2017 and offers the items in quite a lot of colours and fabrics.

Jacquemus is known for his playful store designs, which include an enormous popcorn machine and automatic lockers dishing out handbags. He also designed a café and a restaurant that reflected his fascination with all the pieces Mediterranean.

The Gae Aulenti furniture line launched in tandem with a capsule collection titled Objets, designed to enhance the Le Raphia collection, presented in Paris in December. It includes vases, plates and trays in soft leather and earth tones, along with hair pins shaped like flowers and leaves, and key rings featuring leather cutouts of on a regular basis objects like a knife and fork.

As well as, the designer curated a collection of the images and books that inspired his collection. They include photos shot by Lucien Clergue, including a rare portrait of Pablo Picasso on the Fréjus corrida in 1962, priced at 4,800 euros, and vintage books from David Hockney, Tarsila do Amaral, René Burri, Luis Barragán and Claude Nori, amongst others. — JOELLE DIDERICH

Nordstrom Numbers: The brothers at the highest of Nordstrom Inc. each saw their compensation fall last 12 months as incentive pay from 2021 was not repeated and their stock option awards were reduced. 

Erik Nordstrom, chief executive officer, and Peter Nordstrom, president and chief brand officer, each saw their 2022 take fall 46 percent to $3.5 million, in response to the corporate’s proxy statement. 

The brothers, great-grandsons of the corporate’s founder, received largely equivalent pay packages, including salaries of $758,500 and stock and option awards valued at $2.7 million. 

In 2021, they each received stock and options valued at $3.7 million in addition to $1.9 million in incentive pay.

The stock-based compensation relies on the corporate’s Wall Street performance, tying executive pay to the stock movements that impact investors. 

The retailer noted within the statement, filed with the Securities and Exchange Commission, that roughly 85 percent of the CEO’s goal pay last 12 months “was variable or linked to our financial or market results.”

That theoretically leaves much of the Nordstrom’s pay in their very own hands, although there is just a lot even top executives can control within the topsy-turvy world of retail today.

Two Nordstroms in addition to chairman Bradley Tilden addressed among the broader landscape in a letter to shareholders that was included with the proxy. 

“In 2022, we marked 121 years since John W. Nordstrom opened the downtown Seattle shoe store that may develop into Nordstrom as we comprehend it today,” the trio said. “121 years may seem to be an arbitrary milestone, but in an industry that’s continuously reinventing itself, you learn to not take a single day with no consideration.

“Our company has navigated this ever-shifting landscape by specializing in a collective purpose: to assist customers feel good and look their best,” they said. 

“This focus has proven especially critical within the face of challenges or periods of rapid change, and 2022 was no exception,” they said. “We began the 12 months with a plan to enhance inventory flow, increase the speed and efficiency of our supply chain and sharpen our deal with driving top- and bottom-line growth at Nordstrom Rack.”

This 12 months, the corporate is working on the Rack more, to spice up inventory productivity and proceed to optimize its supply chain while ensuring its resources are matched up with the most effective opportunities, an element cited in relation to the closure of Nordstrom’s Canadian stores.

And the corporate’s going to have a bit extra assist in the boardroom to work on its plan having named Eric Sprunk, former Nike Inc. chief operating officer, as a director in a separate announcement on Monday. — EVAN CLARK

Pay Slip: Martin Waters, chief executive officer of Victoria’s Secret & Co., saw his total pay slip 3 percent to $12.5 million last 12 months, in response to a regulatory filing by the corporate.

The overwhelming majority of that take got here in stock awards that vest over time and were valued at $9.5 million, an approach that ties Waters’ compensation to the fortunes of stockholders. 

Waters — who has been transforming the corporate, revamping its brand image and integrating the $400 million-plus Adore Me acquisition — received a $1.3 million salary in addition to $1.8 million in total incentive and bonus pay.

Public corporations detail executive compensation of their annual proxy statements filed with the Securities and Exchange Commission. The filing is designed to provide shareholders information ahead of the firm’s annual meeting, which can be held this 12 months on May 25. 

A letter from Waters and the Victoria’s Secret chair Donna James said the corporate was two years right into a five-year turnaround. 

“In 2022, we declared our goal to be the world’s leading fashion retailer of intimate apparel and defined the three pillars of our strategy to realize that goal: strengthen the core, ignite growth [and] transform the muse,” the duo wrote. “We’re listening to our customers and revolutionizing and diversifying their experience from the sizes and products they should buy, to the best way they shop in our stores and online, the talent they see us champion and the brand content they interact with on our channels.”

To prompt additional growth, the corporate bought Adore Me, invested in Frankies Bikinis and likewise formed a partnership with size-inclusive brand Elomi last 12 months.

More of the identical is on Victoria’s Secret to-do list. 

James and Waters said they planned to proceed “adding recent brands to our portfolio through strategic investments and constructing a market collection to enhance and enhance the Victoria’s Secret and Pink assortments, enhance our customer and category reach and access recent capabilities.” — E.C.

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