Alessandra Facchinetti out at Valentino *Update* new Creative Director at Tod's

[Salvatore]

Oh, this is sad and exciting! I still say Alessandra Facchinetti would be good!

 

[KhaoticKharma]

Valentino is one of my favorites, the last of the great couturiers.

I don't know how I feel about Alessandra Facchinetti replacing him... she was good at Gucci, but is that really the style we need for Valentino?

 

[Spike413]

^ In a way, Valentino is just a more fussy, mature version of what Gucci used to be...in terms of the glam quotient.

 

[gius]

I'm notice that the article says he is resigning instead of retiring, though. Perhaps he will continue to create just for the joy of it.

We're thinking the same thing !
Is he just retiring ???
I mean he looks ready to retire, no?

 

[bluedolphin]

soooooooooo sad news, we need Olivier Theyskens for Valentino ,not Nina Ricci!!

 

[kezme44]

noooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!

 

[DandyWarhol]

oh

 

[Frida]

What about Zac Posen?
Many of their designs are conformed to the Valentino aesthetic...

 

[stripes]

sad news

He is one of my favourite designers and I was always waitng for his shows, and I also enjoyed them - his dresses are so beautiful!

 

[MissMagAddict]

source | iht
September 4, 2007

Statement from Valentino Garavani

"Last July, in Rome, I celebrated my 45th Anniversary in Fashion. It was a moment of infinite magic and tremendous joy, and I cannot fully express with words how deeply moved I was by the occasion. I received an outpouring of good wishes from all over the world, which brought me great satisfaction. I was very touched that friends-old and new-traveled from far reaches to be a part of the Festivities.

It was a moment that will be impossible to repeat.

And so, at this time, I have decided that is the perfect moment to say adieu to the world of fashion.

As the English say, I would like to leave the party when it is still full.

My future will be filled with new interests and challenges. Some may be linked to fashion, as I have a strong desire to create and support institutions to promote the study of fashion design, and to preserve the history of the art of fashion. It will be a marvelous continuation of this amazing adventure that I had the privilege to have.

Even as a young boy, my passion was to design, and I have been very lucky to be able to do what I have loved all my life. There can be few greater gifts than that. I am especially grateful that I have been able to keep my own style over the decades, in spite of the many changes that have taken place in the world of fashion and in its business.

I will perform my work until the end of January 2008. I am currently working on my final ready-to-wear collection to be shown in Paris this October. Following that, I will create my last collection of haute couture to be shown in Paris in January.

I realize the house that carries my name will go through some changes but I wish to think that the team of designers of the various lines - some of whom have been working by my side of many years - will make me proud of Valentino's products.

My most emotional thanks go to the thousands of people in fashion, and to those the world over who have supported me all of these years. Finally, a special word of heartfelt thanks to my associates who have helped me make my work a success."

 

[ilaughead]

An audible gasp escaped my lips...during class.

But this isn't surprising at all. Why is the announcement so close to fashion week, though?


EDIT: And why is he having one more couture show? The last seemed like a good enough finale.

 

[MissMagAddict]

source | iht
September 4, 2007

Statement from Giancarlo Giammetti

With Valentino it has been a story of friendship and work that lasted from when we met in our 20s, until today.

I feel honored and infinitely grateful to have been working with such a powerful creative force in the making of a prestigious international brand.

Going forward, I will continue to share with him new interests and challenges

 

[MissMagAddict]

source | iht
September 4, 2007

Valentino to Quit as Fashion Designer by Suzy Menkes

In a dramatic gesture on the eve of the international fashion collections, Valentino, with his partner Giancarlo Giammetti, announced on Tuesday that both would resign from the Valentino company in early 2008.

The news ended speculation that has buzzed around the house since July's star-studded Rome gala celebrating the iconic Italian couturier's 45 years in the business. Valentino, 75, said that after his ready to wear show in Paris in October and his couture collection next January he will leave the company he founded with Giammetti in the early 1960s.

"I would like to leave the party when it is still full," Valentino said in an e-mailed statement.

The designer had previously sold the brand to the Marzotto Group in 2002 and it was sold again earlier this year to the Permira private equity group.

Valentino's departure comes as Permira, based in London, completes that €2.6 billion buyout. Permira's offer for the Valentino Fashion Group, which also includes Hugo Boss, ends Sept. 7, Bloomberg News reported.

Although the designer had repeatedly declined to comment on his putative departure, it was generally assumed that the new owners would bring in younger talent, perhaps with Valentino as a consultant.

Permira itself has not yet made an official announcement. But speculation about Valentino successor has centered on the Italian Alessandra Facchinetti, 35, a former Gucci designer and on the design duo behind the American label Proenza Schouler. The Valentino Fashion Group took a 45 percent stake in that company in July and Jack McCollough and Lazaro Hernandez, both 29, who are behind Proenza Schouler look to be waiting in the wings.

Executives at Permira and Valentino Fashion Group weren't immediately available to comment.

Valentino Garavani who was trained in Paris and ultimately rose to the dizzy heights of Italian haute couture, has become a fashion legend.

He dressed the famous from Jacqueline Kennedy Onassis to Sophia Loren and a slew of young European roads and Hollywood stars. However, it was Marzotto which turned the company known for its red ink as well as the read carpet, into profit.

The Valentino group is just the latest among brands which are searching for new blood as famous designers reach their 70s and beyond. Yves Saint Laurent made his high profile exit in 2002 and the current YSL designer, the Italian Stefano Pilati, has also been suggested as a possible replacement for Valentino.

Private equity investment in branded companies is current the height of fashion, with shoe maker Jimmy Choo a prime example.

Although Prada is supposedly considering its much-delayed initial public offering and Ferragamo has announced that it plans to go public next year, investors are currently offering big numbers that may ultimately be more attractive to family-owned brands than going to the market.

In his statement, Valentino said he plans to continue working on activities related to fashion, including creating and sustaining institutions dedicated to fashion design and the art of fashion

 

[papa_levante]

Saddest day of my life. I don't think anyone can make a woman feel more gorgeous and elegant than he can, hands down. Not even Cavalli, not even close.

 

[Salvatore]

I think Facchinetti would be good because she worked under one of the most detail-oriented designers. If you change the color palette and some of the cuts, it will work. I think that she would be a nice breath of fresh air. And, I like her as a person now.

 

[TheGlassAngel]

What a shame. I hope the new designer will stay true to the Valentino image.

 

[ChrissyM]

I'm not surprised..
there's definitely been a lot of speculation in recent months

smart move to go out with a bit of a bang after these big celebrations this year..

 

[Dkammern]

i afraid to say that i am happy he is finally steping down... and that is because i think it's very brave of him to say: that is it, i am done!... or in a more valentino way "i'm leaving now that the party is still full"... so yes i am happy for him! (besides... most of his last creations bored me a LOT)

about the next generation:

NO proenza... because as someone mentioned, it's too hit or miss..

NO zac posen... because his work is less valentino inspired than it is valentino knock off (which is tacky)

NO NO NO pilati... because he is perfect for saint laurent

and NO Theyskens... he jsut got to Nina Ricci, and i think he still has to develop a lot there and show us what he can really do, without the pressure of being compared to someone as great as valentino..

 

[MissMagAddict]

source | fwd

is reporting that:

According to sources, Valentino's successor has also been secured, although that name won't be released until later this week

The list of rumored designers said to be in contention for the creative helm at Valentino are a group of talented, and eclectic, names. They include such Europeans as Alessandra Facchinetti, the former Gucci designer who is now at Moncler designing the Gamme Rouge line, who is touted as the most likely successor; Giambattista Valli, and Yves Saint Laurent's Stefano Pilati. The only American contenders are said to be Proenza Schouler's Jack McCollough and Lazaro Hernandez, whose company sold a 45 percent stake to Valentino in July. Stefano Sassi, chief executive officer of Valentino Fashion Group, became the chairman of Proenza Schouler.

 

[Beautiful Stranger]

saddest day of your life?...

come on. he's just a designer.

but i do understand you guys though.. he did alot of amazing things.