Hotels

While we were all distracted this week by the twin red carpets tsunamis of the Met Ball and the Dior Cruise extravaganza, some pretty big news hit the fashion world that, potentially, has more far-reaching import than, say, Sarah Jessica Parker’s mega-skirt. What were these Three Most Important Events Everyone has Kinda Overlooked? They are, in date order: 1) Harvey Weinstein’s decision to attempt to revive the House of Charles James on the back of the Met exhibit; 2) Julien Dossena’s decision to close his new-ish line, ATTO, to focus on his other job as creative director of Paco Rabanne; and 3) Chopard’s purchase of the Union Hoteliere Parisienne. Here’s why they matter — and it’s not necessarily why you might think. Read more

Today the FT is reporting that Blackstone is the clear leader in the race for the Versace minority stake – which is surprising on the surface, given that the private equity firm has never made any forays into high fashion, and private equity as a sector has had mixed results in the sector, sic Permira and Valentino, and TPG and Bally. So why the mutual attraction? I was speculating with a colleague recently, and she mentioned what is probably the magic word: hotels. Aka the Next Big Brand extension of luxury. Read more