The transaction is valued at $450 million, and will be paid for in cash. 🔓
Phoebe Philo is returning to fashion. WWD reported yesterday that the English designer is planning a new collection and has been interviewing designers. One of the most acclaimed designers of her generation, Philo made her name during a 10-year tenure at Celine. Season after season, she minted low-key modernist clothing and handbags and built an intensely loyal fan base. Philo said the above quote in an exclusive interview when she joined @celine in 2008.
"Hervé left a fantastic heritage [of sketches and unfinished works]. When the project was suggested, I thought of Virginie Viard and how she had worked alongside Karl Lagerfeld. I accepted because this way, I can preserve the way Hervé worked. To continue, when given the opportunity, is important because this heritage lives within us,” Caudroy said. Report: @lilytempleton 📸: WWD Archives — #wwdfashion #hervellerouxFrench beauty exports grew 9% in 2019.
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