There must be something in the air. Since the Galliano scandal, there have been a host of shakeups in the industry. Last week, Trussardi announced that Milan Vukmirovic was stepping down as the brand’s creative director. Vukmirovic, who co-founded Paris fashion store Colette, was charged with revamping the Trussardi 1911 collection and is said to be focusing on his own projects including heading magazine L’Officiel Hommes.
Pringle of Scotland, which is owned by the Fang family from Hong Kong, also announced that its creative director Clare Waight Keller would be stepping down from her post. The Fangs acquired Pringle in 2000.
And yesterday, The Sunday Times reported that LVMH is considering a bid for footwear company Jimmy Choo.
Speculation is also rife about other major buyouts that could unfold during the next few weeks after LVMH’s acquisition of Bulgari. According to Reuters, Tiffany & Co has been singled out as a target for PPR or Richemont. No doubt that PPR owner François-Henri Pinault will jump at the chance in hopes of outdoing Arnault’s deal with Bulgari. Again such moves could signal a whole new direction for the fashion world. Watch this space.