We’re all atwitter with excitement (literally, we tweeted about it) that Estée Lauder has brought on runway makeup heavyweight Tom Pecheux as its new creative director. This means we can expect to see the line being used backstage at high-profile international shows, and we can’t wait to see how he’ll infuse his Parisian cool into the all-American—and, let’s be honest, coveted by our grandmothers—brand. His first collection hits counters next spring. [WWD]
Thirty-three-year-old Megha Mittal has beat out Sean Ley in the bidding war to buy Escada. The daughter of the chief executive of the largest steel company in the world, Mittal has been looking to invest in a major fashion house for over a year. She will keep CEO Bruno Saelzer on, and plans for Escada to become an affordable-luxury label offering more ready-to-wear pieces. [The Cut]
Read more »
