2012 March 12
Derek Lam Exits Tod's
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(NEW YORK) Derek Lam has apparently bid Tod's adieu after six years. In 2006, after a handful of successful collaborations with Lam including a sportif capsule collection inspired by chairman Diego Della Valle’s yacht, the Milan-based company tapped the designer as its first creative director. Since his debut at the company, Lam has expanded on classic calling cards like the D bag and introduced a full-fledged ready-to-wear line, helping to amp up Tod's image and increase sales on the retail floor.
Last year, Tod's SpA posted growth across the board for the retail period ending September 30, including a 23.5 percent jump in operating profits to $230.1 million. Tod's currently has "no comment" on the matter, except to refute claims that John Galliano was in talks to design a capsule collection for Tod's or join the design team at Schiaparelli. Stay tuned for the rationale behind Lam's exit, plus the scoop on his successor.
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