Rochas: fashion’s latest victim.
Now that word is out that Proctor & Gamble, which acquired the Rochas brand in 2003, plans to shutter it, the question on everyone’s mind is: what will become of 29 year-old Olivier Theyskens?
A formal announcement could come as early as tomorrow. Calls to the Rochas press office in Paris were not immediately returned this afternoon.
According to those familiar with the situation, P&G has decided to pull back its focus on Rochas as a fashion brand, and will, instead, concentrate on producing fragrances under the venerable Rochas name. Nearly three dozen employees will be affected by this decision.
The fall/winter collection, which, like its designer, met with critical acclaim, will be shipped, according to sources on the retail side, which have slowly begun to be notified of the development.
“I haven’t heard about it [the closure] from anybody, but I hope it doesn’t happen,” said Ikram Goldman, who had just returned from a buying trip in Paris, where she purchased pieces from the Rochas pre-spring collection. Her boutique, Ikram, has carried Rochas since 2002.
P&G’s decision brings to an end Theyskens’ three-year tenure at Rochas. The genteel designer, a recipient of the Fashion Group International’s 2005 Star Honoree award alongside Alberta Ferretti and Ralph Rucci, has received much acclaim in the fashion world. Vogue’s Anna Wintour, who last month presented Theyskens with the CFDA’s International Award. Ironically, Wintour, who donned a Rochas gown in his honor, joked, “Olivier told me his Plan B, if fashion didn’t work out, was to become a florist. Well, if that ever happens, please put me down for a bouquet of his most romantic flowers.”
Perhaps a more realistic future for Theyskens would be to bring his eye for beauty and his column silhouette to an established luxury house which knows how to monetize talent. His June front-row appearance at Oscar de la Renta’s cruise fashion show, with Wintour, comes to mind when industry insiders speak of his next step. Wintour is a powerful broker of fashion players.
Theyskens told The Daily immediately following the show that he enjoyed what he saw.
“I’m very impressed, not just to see the clothes, but to see it here in this space,” he said. “I can understand better the branding of his company. I would love to see his atelier.” The opportunity may now come sooner than he thought.