Today, The Business of Fashion unveils the BoF 500 Newsmakers of 2014.
LONDON, United Kingdom — Since the unveiling of the first BoF 500 last September, members of this influential global community have been making plenty of news, taking up and exiting top positions, launching new products, winning prizes and expanding their businesses.
Here are the top BoF 500 Newsmakers of 2014:
LVMH Invests in JW Anderson
JW Anderson | Source: Courtesy
Continuing a series of high- profile investments in young designers, LVMH announced it would take a minority stake in JW Anderson. Jonathan Anderson, the young British designer behind the label that’s known for its genderbending aesthetic, was also simultaneously appointed creative director of LVMH- owned Spanish leather goods brand Loewe.
Marigay McKee Moves Stateside
Marigay McKee | Source: Courtesy
Credited with transforming London department store Harrods into a luxury destination with global currency, Marigay McKee was appointed president of the iconic New York department store chain Saks Fifth Avenue, where she is upscaling the brand experience and product offering to position the retailer as a world-class luxury player.
A Spate of Designer Exits
L-R: Jil Sander, Marc Jacobs, Ann Demeulemeester | Source: Courtesy
For the third time, German designer Jil Sander departed her eponymous label, citing ‘personal reasons.’ She had been reappointed in February 2012 after an eight-year absence, replacing Raf Simons, who exited the company and was hired by Dior.
In the most monumental departure of the year, Marc Jacobs announced his exit from Louis Vuitton, which he had helped grow from a staid leather goods brand to a global fashion and accessories behemoth over a 16-year tenure. Jacobs is said to be preparing his namesake label for a potential IPO.
In a hand-written note to colleagues and collaborators, Belgian designer Ann Demeulemeester announced that she was leaving the company she founded in 1985. One of the original ‘Antwerp Six’ designers, Demeulemeester had built a successful business around her gothic, bohemian-inspired collections.
Net-a-Porter Launches Porter Magazine
Natalie Massenet | Source: BoF
A decade after the luxury e-commerce player disrupted fashion retail, Net-a-Porter launched bi-monthly print magazine Porter. Founder Natalie Massenet, who has long described Net-a-Porter as a media company as well as a retail company, aims to tap significant advertising- based revenue and is now set to compete with the likes of Vogue.
Fashion Criticism Sees Dramatic Shift
Vanessa Friedman | Source: Courtesy
Two of the most prominent figures in fashion journalism took on new roles this year. Suzy Menkes, the long-reigning critic at the International New York Times (formerly the International Herald Tribune), left to join consumer media behemoth Condé Nast as international Vogue editor. A few weeks later, Vanessa Friedman, formerly of the Financial Times, was appointed to fill the gap left by both Suzy Menkes and Cathy Horyn (who also departed a post at The New York Times).
The Return of Nicolas Ghesquière
Nicolas Ghesquière | Source: Courtesy
One year after his departure from Balenciaga, which he took to the very forefront of luxury fashion with his complex vision, sculptural tailoring and use of ultra-modern fabrics, Nicolas Ghesquière was tapped by LVMH to replace Marc Jacobs as artistic director of Louis Vuitton in a push to re-energise and re-elevate the brand’s fashion offering.
Kering Promotes Bottega CEO
Marco Bizzarri | Source: Courtesy
Marco Bizzarri, the Italian executive who steered Kering- owned ‘stealth luxury’ brand Bottega Veneta beyond $1 billion in revenue, was charged with overseeing all of the group’s couture and leather goods brands, excluding Gucci. Brands in his portfolio include Bottega Veneta, Saint Laurent, Alexander McQueen, Stella McCartney, Brioni and Tomas Maier.
Joe Zee Leaves Elle for Yahoo
Joe Zee | Source: Courtesy
In a coup for the stuttering Internet giant, Yahoo poached Joe Zee from his longtime post as creative director of Elle to head up its style and fashion vertical. As one of the magazine’s most public faces, Zee found popularity amongst a mass market audience via social media and television, where he has appeared on shows like “Project Runway.”
Christopher Bailey Now CEO at Burberry
Christopher Bailey | Source: Courtesy
Marking the end of the months-long handover process from former CEO Angela Ahrendts, who decamped to Apple, Christopher Bailey took on full responsibility as both chief executive and creative officer of the British luxury brand Burberry. He played a significant role in re-invigorating and repositioning the brand with Ahrendts and has been awarded a controversially high pay package for his continuing efforts.
Sophia Amoruso Makes Waves With #GirlBoss
Sophia Amoruso | Source: Courtesy
Nasty Gal founder Sophia Amoruso is unabashedly bold about her advice for young women who want to succeed within their careers: don’t be afraid to be bossy. Her take-charge attitude and unlikely personal trajectory from dumpster-diving to founding a venture-backed fashion business with current revenues upwards of $100 million inspired her first book, #GirlBoss, which made the New York Times best-seller list.
Thomas Tait Wins Inaugural LVMH Prize
Thomas Tait | Source: Courtesy
The Canadian-born, London- based designer Thomas Tait won the inaugural LVMH Prize, including an award of €300,000 and mentorship from leaders at the French luxury goods group. Tait, known for his experimentation and curvilinear yet sporty silhouettes, is using the prize to grow his distribution and full-time team.
Experimental Iris van Herpen Wins ANDAM
Iris Van Herpen | Source: Courtesy
One of the most innovative young designers working today, Iris van Herpen is constantly pushing the boundaries of her practise. Best known for her elaborate 3-D printed dresses, the designer caused a stir by shrink-wrapping her models at her A/W 2014 show. But, in the biggest coup so far for the radical Dutch designer, this year, Van Herpen won the ANDAM prize, one of fashion’s largest awards.
Michael Kors Targets Menswear
Michael Kors | Photo: Inez & Vinoodh
Michael Kors, the American affordable luxury fashion and lifestyle brand, poached Mark Brashear from Hugo Boss to lead its menswear business. Chairman and chief executive John D. Idol believes that menswear represents the next big opportunity for the global brand and will reach $1 billion in sales revenue in the next few years.
Diane von Furstenberg: A Decade at the CFDA
Diane Von Furstenberg | Source: Shutterstock
Marking a decade of Diane von Furstenberg’s leadership at the head of the American fashion trade association, the Council of Fashion Designers of America unanimously re-elected her as its president for another two years. In recent years, the legendary designer and inventor of the wrap dress has played a pivotal role in promoting American fashion and designers.
Tomas Maier Relaunches Own Label at Accessible Price Point
Tomas Maier | Photo: Collier Schorr
The precise German designer, who has led Bottega Veneta’s discreet luxury brand for 13 years, relaunched his own label as a contemporary- priced collection of sophisticated, easy-to-wear pieces, thanks to an injection of capital from Bottega parent company Kering.
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