Anyone else think this is a halcyon time for young designers? I mean, first the big luxury groups make their first investments in new names since way back at the turn of the millennium (back in the day when Tom Ford built Gucci Group by adding Stella McCartney and Alexander McQueen), with Kering buying a majority of Christopher Kane and a big minority of Joseph Altuzarra, and LVMH helping out Maxime Simoens, and reportedly scouting JW Anderson. But that’s just the tip of the iceberg.
Anna Piaggi, the embodiment of the fashion editor-as-eccentric, has died it was announced yesterday. She was 81. Ms Piaggi, who created famous double page spreads for Italian Vogue that were as idiosyncratic as she was, remained most famous outside her country and industry for her own personal style: closely cropped hair with a swiggle of locks, often dyed blue or pink, in the front; wild hats; lipstick; and a colourful mish-mash of cuts, designers, and vintages. Her eye-catching looks made her the original Street Style star — long before the term even existed.
Forget all that stuff about old media fashion editors being threatened by the presence of bloggers in various fashion show front rows – that was SO last season. This season, as New York fashion week kicks off (whoopee!!! ), it’s all about old media taking on old media.
Yesterday marked a sudden surge in spending — not just on stuff, but on companies. According to the investment bankers with their eye on the retail and fashion sector, Christmas itself has come early: J. Crew has been sold for billions to private equity! Gymboree has gone to Bain! Coty has bought Philosophy from the Carlyle Group! (Remember: three=trend.) Action! The engine has restarted! And so on.