Style Notes: Reed Krakoff Exits Coach; Ralph Lauren's Day in Court
Five fashion stories fit for Tuesday morning.
After an internal 2010 discovery revealed that a subsidiary of Ralph Lauren Corp. was paying bribes to Argentina officials to confirm clearance of prohibited products, skirt paperwork and avoid inspections, the iconic American brand will now pay about $1.6 million to resolve U.S. regulatory and criminal claims. A company subsidiary, RLC Argentina, used a supposed customs broker to funnel about $568,000 in bribes with invoices of false expenses, and also directly provided or authorized improper gifts to officials. Ralph Lauren signed a non-prosecution agreement to settle the cases. [BofF]
He's worked with Coach for 16 years, and now Reed Krakoff will step down as president and executive creative director of the brand to focus entirely on his own namesake line. The designer has chosen not to renew his contract come June 2014, and transitions to serve more as an advisor until then. “I’m excited to focus to exclusively on the RK brand and to embark on the next phase of my career,” Krakoff told WWD. “It’s relatively recent [that I made this decision], I’ve been so focused on Coach and the RK brand for the last bunch of years. I’ve been focused on preparing and getting ready for the next evolution of Coach, building a team with Lew, moving forward...it’s really taken up all my time.” Krakoff plans to expand awareness of his brand by growing its global presence and develop key categories, including its men's business. Meanwhile, Coach is currently in search of a new creative leader to replace Krakoff. [WWD]
Stella McCartney is the new patron of Designer for Tomorrow, a competition for up-and-coming designers sponsored by German retailer Peek & Cloppenburg Duesseldorf. The British designer follows Marc Jacobs, who served as patron for the past two years and was the first high-profile patron and jury member. McCartney will review applications, select her top ten and view finalists' collections during Berlin Fashion Week in July. [FashionUnited]
Some designs are simply more delicious than others, no? Japanese fashion brand Uniqlo has partnered with legendary French macaron mavens Maison Ladurée for a line of charitable tees, with prices ranging from $12.90 to $19.90. Featuring whimsical drawings of jewels, pets and decadent desserts on various shades of pink, a portion of sales will benefit IVY, a nonprofit aiding children affected by the 2011 earthquake in Japan. [Nylon]
Diane von Furstenberg's latest design collaboration hits Gap Kids and Baby Gap this Thursday. Inspired by the fun and adventure of an African safari, the vibrantly printed line stretches to swimwear, sandals and accessories. Even toddlers can don the signature DVF heart or a wrap dress, which has been reworked to include shorts. [LA Times]