Style Notes: Nick Jonas Collaborates With John Varvatos; Gucci Celebrates Year of the Dog

Courtesy of WME
Nick Jonas

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Nick Jonas Is Collaborating With John Varvatos [Pret-a-Reporter Inbox]
Nick Jonas is taking his style savvy to the design table, collaborating with John Varvatos on a limited-edition capsule collection which is now available online. The JV x NJ collection is "rock 'n' roll"-inspired, featuring knitwear and leather jackets for "a modern man's day-to-day." Jonas was also revealed as a new face of the brand. The four-piece collection ranges in price from $98 for a tee reading "Detroit" to $798 for a leather jacket. Jonas will appear at the designer's men's runway show on Grammys weekend in New York. 

Richemont Makes Bid for Yoox Net-a-Porter Group [Quartz]
Richemont has made a $3.3 billion bid for Yoox Net-a-Porter Group, the conglomerate that formed when Yoox and Net-a-Porter merged in 2015. The Swiss luxury giant is looking to capitalize on the company's solid growth record, which has put it far ahead of its competitors. Richemont already owned approximately half of the company, having bought a controlling stake in Net-a-Porter in 2010. The bid puts YNAP's value at about $6.1 billion. Said CEO Federico Marchetti in a statement on Instagram: "Richemont aims to provide additional resources that further strengthen and accelerate YNAP’s long-term leadership in online luxury. This means investing even more in product, technology, logistics, people and marketing."

 

With reference to the voluntary tender offer launched today by Compagnie Financière Richemont on all ordinary shares of YOOX-NET-A-PORTER GROUP S.p.A. (MTA: YNAP) at €38.00 per share, Federico Marchetti - Founder of YOOX and CEO of YOOX NET-A-PORTER GROUP - stated: “Today marks an historic event for the YOOX NET-A-PORTER GROUP. Richemont, already our largest shareholder, has decided to make a tender offer to buy all of YNAP’s shares. Richemont explained that the rationale for the investment is to build on YNAP’s solid track record of growth. Richemont aims to provide additional resources that further strengthen and accelerate YNAP’s long-term leadership in online luxury. This means investing even more in product, technology, logistics, people and marketing. YNAP will continue to be managed as a separate company, providing a neutral and highly attractive platform for all luxury brands. The success of YNAP is built on an exceptional team. I’m proud that Richemont has expressed its strong appreciation for the quality of our management and our people. As a passionate entrepreneur, I remember with pride the hard work and excitement of YOOX’s IPO in 2009, when we listed our shares at just over €4 and total revenues were around €150 million. It was always my dream to create something much bigger. This became possible through the combination of YOOX and NET-A-PORTER in 2015, a vision shared with Richemont. The hard work of our combined teams created the world leader in online luxury, reaching over €2 billion in revenues in just a couple of years. I am very grateful to everyone who made it all possible. Nearly 20 years after inventing YOOX, YNAP’s magic excites me even more. The prospect of no longer owning 4% of the share capital does not change my entrepreneurial commitment to YNAP. Dreaming and innovating to the benefit of our customers has always been my motivation; it will remain so in the years to come.” #unbeatableYNAP #ynap #richemont @yoox @netaporter @mrporterlive @theoutnet @ynap ph : @waynemaser

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Gucci Celebrates Year of the Dog With New Collection [Pret-a-Reporter Inbox]
To celebrate the Chinese New Year, which will take place on Feb. 16, Gucci is releasing a dedicated collection of ready-to-wear and accessories that all dog lovers will appreciate. The dog images featured in the collection were inspired by the artist Unskilled Worker's illustration of creative director Alessandro Michele's Boston terriers Bosco and Orso. The 63-piece collection is now available online and in select stores.

Ralph Lauren Designing Team USA Olympic Opening Ceremony Looks [Pret-a-Reporter Inbox]
Once again, Ralph Lauren has designed Team USA's Olympic Opening Ceremony ensembles. The winter games, which begin Feb. 9 in South Korea, will see athletes outfitted in a USA-emblazoned parka created using innovative heat-insulating technology. Additionally, for each social media post with the hashtag #HeatTheWayForTeamUSA, Ralph Lauren Corp. will donate $1 (up to $100K) to the U.S. Olympic Committee. 

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