Wednesday, 3 July 2013

Diego Della Valle Sounds Off About RCS Mediagroup

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SOUNDING OFF: Diego Della Valle sounded off Tuesday afternoon about RCS Mediagroup SpA, the struggling Italian media group that publishes the daily Corriere della Sera. Della Valle, who has an 8.7 percent stake in RCS, explained why he has not yet agreed to the capital increase slated for Friday.

“I’m waiting for some important stakeholders to confirm what we have, on many occasions, discussed and considered positively,” he said, referring to the creation of a modern governing body, the dissolution of the current shareholders agreement, the altering of the industrial plan and the review of some of the terms for the capital increase. According to Della Valle, this strategy would “give the company a better future in the publishing business, respecting employees and reinforcing editorial independence.”

RELATED STORY: RCS Mediagroup's Future Remains Uncertain >>

He also confirmed that if this strategy is embraced, he will play an active role, but if it doesn’t happen, “I’ll take note that there is an unwillingness to face the critical situation that I have frequently highlighted and that there is a desire to continue the operation [in a way that is] not in the interest of RCS Mediagroup, its employees and stakeholders.”

Della Valle closed the statement with a message to leading figures in the Italian business world. “Now it’s time to make a clear decision, and for some of us it’s time to show whether we want this country to change, or whether we want to keep everything as it is and as it was in the past,” he wrote.


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3 Questions for Bhava's Francisca Pineda

After a decade as design director for a large accessories company, Francisca Pineda launched Bhava, a fashion-forward vegan and sustainably minded footwear line, for spring ’13.

“I...


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FN Spy: Alberto Moretti's $5K Heel... Tibi on Resort

Ruthie Davis

Ruthie Davis

Photo By John Aquino

Amy Smilovic

Amy Smilovic

Photo By Courtesy of Tibi

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Striking Gold
Alberto Moretti’s 24-carat, gold-adorned stilettos, first unveiled at the Monte Carlo Grand Prix in late May, will soon be available for the taking — at a hefty price. The heels, priced at $4,000 euros ($5,206 at current exchange) will hit Barneys New York, Fred Segal Los Angeles, Harrods London, The Swank Hong Kong and Level Shoe District in Dubai in September. “I worked with the velvet, [which we covered in gold leaf], and treated it as a piece of jewelry," said Moretti. The designer also is unveiling a men’s loafer version.

Dogs’ Treat
For Ruthie Davis, the dog days of summer are about to begin. The designer is headed to Shelter Island, N.Y., for part of July, and she’s booked a pup-friendly bed-and-breakfast to cater to her two Italian greyhounds. “It’s the first time I have planned a vacation for me and my dogs and my husband,” Davis said, adding that she’s a huge fan of the canine kind. “Notice I said dogs before husband,” she quipped.

Straight Shoe-ter
Amy Smilovic went nuts for Tibi's pre-spring collection. For resort, the designer chose an almond-shaped tip to give her heels a sophisticated edge while maintaining a sporty feel. "I want everything to be incredibly comfortable. It should have a bit of ease about it," Smilovic said. Styles range from mid-heel silhouettes with Velcro closures to neoprene booties with treads on the soles to bring in the worker element. Smilovic's favorites include the backless sporty sandals. "I can't be bothered with straps anymore. I'm really into slides and shoes without a back," she said while donning a breezy dress paired with chic neutral flats.


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Highlights from Paris Men's Collections

Footwear stayed simple and sophisticated this week in Paris as designers showed their spring ’14 men’s collections. Black, white and other neutral tones dominated the runway, serving as the perfect complement to many pops of color. Traditional footwear styles such as the sandal made multiple appearances, while platforms were added to sneakers and boots.

Click through the slideshow for more top runway looks >>


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Anna Piaggi's Hats to Be Exhibited in Milan

Anna Piaggi

A sketch of Anna Piaggi.

Photo By Courtesy Photo

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HATS OFF: The eccentric hats of the late Italian fashion editor Anna Piaggi will go on display during Milan Fashion Week in September, WWD has learned. An exhibition entitled “Hat-ology” and curated by milliner Stephen Jones is to open to the public Sept. 22 at the Palazzo Morando and feature everything from a McDonald’s baseball cap to Chanel couture creations.

According to Jones, Piaggi would make every hat her own and “try them on back-to-front, upside-down, pin on a jewel, add a veil.”


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Avon to Divest Silpada Business

In a move to narrow its focus and increase profitability, Avon Products Inc. cut a deal to sell its Silpada Designs jewelry business to Rhinestone Holdings. The sale, which is expected to close today,...


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Claudio Bisogniero's Creative Diplomacy

Italian Ambassador Claudio Bisogniero Laura Denise Bisogniero

WASHINGTON — Italian history defines the art of flaunting high culture to win commercial success — from ancient Rome to Marco Polo to Cosimo de’ Medici, who hired Michelangelo to help build support for his city-state. But these days, with Italy’s government in a state of constant crisis, feting Italian design can test even the savviest Roman’s devotion to “la bella figura.’’

That’s the challenge facing Ambassador Claudio Bisogniero and his wife, Laura Denise, who this year are celebrating Italian culture in America.

“Washington is a special city,’’ says Bisogniero, who operates around the clock to woo friends in high places. “If an ambassador comes here and thinks he can do his work in the old traditional way, to stay in his office and send diplomatic notes and wait for an answer, I don’t think he has a chance. That isn’t how this city works. You need to go out to meet people in think tanks, opinion makers. It is so important to be active, present and visible on the D.C. scene.”

He’s certainly that. One of Bisogniero’s newest gambits is the Twitter account he opened in March. So far this year with 2,700 tweets, he’s lined up close to 2,300 followers — almost 50 percent more than British Ambassador Sir Peter Westmacott.

While Westmacott finesses the benefits of a common language, multiple defense alliances and an able crew of high-profile royal visitors, Bisogniero deploys his own advantages, including a palatial city residence, a politically active Italian-American community and a committed and entertaining wife.

As comfortable pouring tea for two as hosting a dinner for 500, Laura Denise packs the stamina and charm needed to make every guest feel special. “The diplomatic life is all about creativity,” says Laura Denise, whose favorite designers include Renato Balestra, Giorgio Armani and Beatrice di Borbone. “You have the chance to create rooms, tables, beautiful events. But if you take off all the trimmings, what matters most is meeting people.”

At an embassy event celebrating Elle magazine and Gucci last March, the couple welcomed Vice President Joseph Biden’s wife Jill, along with White House deputy chief of staff Alyssa Mastromonaco and New York Sen. Kirsten Gillibrand. Two weeks later, Biden was back for the Opera Ball, this time accompanied by her husband, who delighted the crowd by reminiscing about his wife’s Italian-American father.

With friends and events like these, what could the Bisognieros possibly have to worry about?

Lots. In between those two high-profile parties, Italy’s foreign minister, Giulio Terzi di Sant’Agata, Bisogniero’s boss and embassy predecessor (Terzi took the embassy’s chief of staff with him when he returned to Rome), resigned unexpectedly in March.

As Italian ambassador to Washington from 2009 to 2011, Terzi is credited with initiating the year of Italian culture in America. In December, he made a special trip to Washington as foreign minister to launch the program with a reception at the National Gallery of Art to celebrate a three-month exhibition of Michelangelo’s marble masterpiece “David-Apollo.”

Three months later, Terzi exited in a blaze of recriminations. His resignation, he said, was a protest against then-Prime Minister Mario Monti’s refusal to extradite two Italian sailors accused of murder in India. That charge prompted the beleaguered technocrat famously to declare to parliamentary investigators looking into the Indian affair, “This government can’t wait to be relieved of its duty.” (Monti still had to wait a month for Enrico Letta to succeed him in April.)


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