How Does Alber Elbaz Leave Lanvin?

The designer chair of fashion, which is triggered by the split of RafSimons and Dior ChristianDior, will accelerate. The French luxury designer JeanneLanvinSA Langwen announced on Wednesday that Israeli designer AlberElbaz, who is the creative director, has left.

Previously, according to the source of Paris news, WWD has reported that after 14 years of breakup between AlberElbaz and JeanneLanvinSA, the office of its headquarters in the suburb of the brand Saint orange road has been emptied, and his design team also received this news in Paris time this morning.

The news pointed out that Wang Xiaolan was not willing to invest large sums of money in developing brand retail networks and enhancing brand awareness in recent years, making it difficult for them to face the fierce competition of luxury brands such as SaintLaurent, Givenchy and strong brand, privately owned Chanel Chanel and other French brands, and also missed the opportunity to re engraving Valentino Valentino.

Today, JeanneLanvinSA Lang Wen lost the rejuvenation of the hero AlberElbaz after the valuation is certainly not as good as before.

It is unclear how AlberElbaz handles its holdings of JeanneLanvinSA Langwen.

Lanvin Lang Wen 2016 early autumn series will be completed independently by the internal team.

In a short statement, the brand thanked AlberElbaz for its contribution and did not mention the successor.

It is reported that in 2001, Wang Xiaolan, the owner of JeanneLanvinSA Lang Wen, who introduced and grasps the absolute design autonomy of AlberElbaz, felt more and more dissatisfied with the lack of clear development strategy and clear investment objectives of the brand. Therefore, it is hoped that Wang Xiaolan will sell the brand and give way to new investors to better develop the brand's development potential.

AlberElbaz said on Wednesday that his departure is the decision of the majority shareholder of the brand.

In fact, in March of this year, the market came out. Wang Xiao Lan might be seeking to sell Lanvin Langwen.

At that time, WWD quoted market news as saying that Wang Xiao Lan had already approached the high-profile family in Asia by selling 75% of his holdings of JeanneLanvinSA Langwen. In addition, several investment banks also explored the water temperature of a series of private Holdings Company and luxury goods groups in the luxury investment industry according to the message that JeanneLanvinSA Lang Wen might change hands, including MayhoolaforInvestmentsSPC with ValentinoFashionGroup and the two largest in France.

Group LVMHMo, tHennessyLouisVuittonSA (LVMH.PA) MOET & CHANDON Hennessy LV group, KeringSA (KER.PA) Kai Yun group and a number of potential buyers in China.

That time, Wang Xiao Lan's overestimation of JeanneLanvinSA Lang Wen and the picky choice of potential buyers could be an obstacle to JeanneLanvinSA Langwen's sale.

Reuters quoted people familiar with the matter on Wednesday that Wang Xiaolan declined several offers in the past few months, including an informal offer from more than 400 million euros from MayhoolaforInvestmentsSPC and an indicative offer of KeringSA's opening group less than 400 million euros.

In 2001, Wang Xiaolan, who bought JeanneLanvinSA Lang Wen from L 'Or e alSA (OREP.PA) L'OREAL group, sold the Arp holding geSAS12.5% shares of the brand holding company to Switzerland's Bartel family in 2009 and 2012.

The RalphBartel of the Bartel family is the chairman of Travelzoo, the New York Internet media company founded in 2008. When he was a shareholder of JeanneLanvinSA, she won the seat of the board of directors of JeanneLanvinSA.

The preemptive right of holding shares.

AlberElbaz also owns a 18% stake in JeanneLanvinSA Langwen through Wang Xiaolan holding company. It is reported that its purchase of equity funds is partly loaned by Wang Xiaolan.

In the past few months, AlberElbaz and RalphBartel have been unable to shake Wang Chi Lan's determination to control JeanneLanvinSA Langwen, and repeatedly threatened to never leave.

Lang Wen's AlberElbaz is also difficult to escape the fate of being fired.

The time for AlberElbaz to leave is subtle. It is less than a week after Dior ChristianDior announces that RafSimons will no longer renew its brand. It will naturally lead to speculation that AlberElbaz will join ChristianDior Dior.

Both sides were accused of being contacted by JohnGalliano after being fired for anti Semitic remarks in 2011, but failed to cooperate further because of AlberElbaz's holding of Lanvin Langwen.

AlberElbaz earned more than 5 million euros a year in JeanneLanvinSA Langwen.