Calvin Klein Cancels Annual Cannes Party

Emily Blunt - Calvin Klein party during the 68th annual Cannes Film Festival-Getty-H 2016
Mike Marsland/WireImage/Getty Images

Sources tell THR that with the recent exit of the brand’s two top creatives, nobody is in the mood to celebrate.

Cannes will have one less red carpet this year — Calvin Klein is cancelling its annual party.

In years past, the design house has teamed with IFP to co-host one of the festival's splashiest events, a gala honoring women in film. Last year's fourth annual fete was held at a $50 million Cannes estate and was attended by (honorees) Emily Blunt, Sienna Miller, Rachel Weisz, Isabelle Huppert and Melanie Laurent, among other A-listers, including Jake Gyllenhaal and Harvey Weinstein with a performance by hot girl group Haim.

But, sources tell THR, with the recent exit of Calvin Klein's two top creatives — designers Francisco Costa and Italo Zucchelli — nobody at the company is in the mood to celebrate. Costa, lead women's designer, has been with the company since 2003, while men's designer Zucchelli joined one year later in 2004.

A rep for Calvin Klein confirmed that they wouldn't be hosting anything in Cannes this year, but declined to elaborate. As for IFP, a rep says the organization will be partnering this year with the Hamptons International Film Festival for a party at Cannes honoring late screenwriter Melissa Mathison. Her final film, Steven Spielberg's The BFG, is premiering this year at Cannes. The move comes after HIFF launched an inaugural Melissa Mathison Fund as part of its Screenwriters Lab.

All the news lately at Calvin Klein hasn't been just about staff openings. At Monday night's Met Gala, a trio of fashionable actresses — Emma Watson, Lupita Nyong'o and Margot Robbie — all stepped out wearing Calvin Klein Collection, as did rising star Amandla Stenberg.

A version of this story first appeared in the May 13 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.