This week was a big one for fashion giants everywhere. First off, multiple brands including Neiman Marcus and Moncler filed for IPOs. Neiman Marcus’ offering could go up to $100 million, and the timing suggests that an IPO could come as soon as September or October, according to WWD. Also, other details share price or how many would be sold are still not clear.
Meanwhile, Moncler, who put its IPO on hiatus in 2011, has re-filed. The brand has been ready for four years, according to a source, and has chosen a few banks including Bank of America Corp., Mediobanca, Banca Imi, J.P. Morgan and UBS, per WWD.
Men’s fashion shows for Spring 2014 also showed this week. Ready to wear collections from Giorgio Armani, Ermenegildo Zegna, Roberto Cavalli, Gucci and many more graced the runways. Along with the shows came executive switch-ups. For instance, Delphine Arnault, the daughter of LVMH Moet Hennessy Louis Vuitton titan Bernard Arnault, is moving to Louis Vuitton from Christian Dior. Also, Barneys New York tapped Edward Leida as vice president and design director. Mr. Leida was a director at Town & Country for the past two years, and at W magazine before that.
Finally, some brands are taking advantage of swing-up in accessories. Diane von Furstenberg opened its first accessories store in the Meatpacking District in New York, in the DVF headquarters gallery space. The store sells the entire pre-fall accessories collection including bags, small leather goods and shoes.