Puig

So stylist/creative director/friend of Gaga Nicola Formichetti is leaving Thierry Mugler after two years. This is one of those insider fashion stories that will barely register outside the glossy environs of the industry. So why do we care? Well, because his fame was partly the point: his famous friendships and access to celebrity; his hundreds of thousands of twitter followers; his ability to reach out via Facebook and livestream and so on and exploit new media to an old brand’s advantage. He is not a designer, after all, so putting him in charge of a design house was an experiment, much ballyhooed, in whether all that other stuff was actually more important in brand revival that ye traditional stuff.

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After buying Hermes’ 45 per cent stake in Jean-Paul Gaultier last year and talking up its development potential, Spanish luxury group Puig has put yet more money where its mouth is and just announced the appointment of senior luxury executive Ralph Toledano to the newly created position of President of the fashion division. If you want to send a signal to the fashion community that you are intent on being a serious player, this is a pretty efficient way to do it.

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In one of the more weirdly fabulous outside-the-box collaborations I have yet heard about, designer Jean-Paul Gaultier has teamed up with Dallas-based Dillon Gage Metals to create…a Gaultier one-ounce gold bar. Forget jewellery; he’s gone straight to the source.
Indeed, this is the first time a fashionista has plunged directly into the world of commodities itself, as opposed to what can be made from commodities. Read more