David Yurman Opens in SoHo
Today David Yurman opened a boutique in New York’s SoHo neighborhood. This is the jewelry designer’s second NYC location and is near the company’s headquarters. It took Yurman and his wife, Sybil around five years to choose the perfect space. “We were not in a rush. We tend not to be in a rush, which is unusual for New Yorkers,” Yurman said. The 2,000-square-foot space is modern yet warm and located in a 19th century loft building. “We’ve lived in lofts our whole life, so let’s put our own life and feelings into the space and hope it works out. You don’t really see it in a certain way until its done. You think you know it when you’re working on paper, but it’s really a process. It’s not a concept that gets born and it’s finished. There have to be changes,” the designer added. This is Yurman’s fifth store opening this year.
Hermès Launching Home Fragrances
Hermès is set to debut a line of home fragrances called Le Parfum de la Maison on December 1st. For the new collection, the French fashion house tapped Céline Ellena, daughter of its in-house perfumer Jean-Claude Ellena, to develop the scents. Her five “perfume-reveries” will conjure up different moods. In keeping with the brand’s history, they are called Des pas sur la neige (Footprints in the Snow), Temps de pluie (Wet Weather), Fenêtre ouverte (Open Window), Champ libre (Open Field) and À cheval! (On Horseback!). They will be available in candle bowls, perfumed pebbles and scented-paper horses. “For us, home fragrance is a new territory of expression that’s very important and marks the evolution of our business toward what we call ‘art de vivre’ of perfume,” said Catherine Fulconis, CEO of Hermès Parfums.
Net-a-porter’s Impending Payout
Net-a-porter founder and executive chairman Natalie Massenet will reportedly make more than 100 million euros, or about $125 million, next year under a deal involving the online fashion retailer’s owner Richemont. Rumors have been swirling that Massenet is analyzing estimates on the value of the business from potential bankers and bidders. Insiders predict luxury goods group Richemont selling or floating Net-a-porter in the new year at 392 million euros. Analysts predict Net-a-porter’s worth around 1.4 billion euros.
Source: WWD, WSJ