Venetian apparel and lighting fixtures brand Fortuny has signed a licensing and international distribution deal with Italian producer Mavive for a new line of fragrances inspired by the artistic eclecticism of Mariano Fortuny. The licence will be handled by the high-end division of Mavive, founded in 1986 by Massimo Vidal, via the Merchant of Venice brand.
A Delphos dress, the inspiration behind the bottle of Fortuny’s new perfumes
The new Fortuny fragrance collection will consist of three items and will be presented by the end of 2025. The line will be distributed via selected perfumeries and international department stores, and is the result of a synergy between two top-notch Venetian producers.
The Fortuny brand was created in 1984 by Lino Lando, a businessman with a passion for the style of Venetian painter, stylist and set designer Mariano Fortuny, and is also inspired by Fortuny’s youth, notably his stunning museum house, still home to sumptuous furnishings and works of art. Mavive was founded in 1986 by Massimo Vidal, as an extension of family perfumery company Vidal Profumi. It is now led by the family’s third and fourth generations, having started in the personal care sector as far back as in 1900. Mavive manages a portfolio including mass-market, prestige and niche perfumery brands, and is active in over 90 countries worldwide.
Fine fabrics, high-quality craftsmanship and attention to detail are the hallmarks of the products sold in the Fortuny boutiques, ranging from lighting fixtures to clothes. They include silk lampshades, hand-printed velvet overcoats, pleated scarves and the iconic Delphos dress, which in its many versions, always in pleated fabric, has been praised by Marcel Proust and worn by style icons like Isadora Duncan, Eleonora Duse, Lili Guerlain and Peggy Guggenheim.
“At a time when women were looking for new experiences and dreamt of freedom, Mariano Fortuny and his wife Henriette Negrin created Delphos in 1907. A simple, sensual dress fashioned around the female body, heedless of fashion trends and unwilling to change to adapt to external pressure,” said Fortuny in a press release. “When it was sewn and worn for the first time it was absolutely revolutionary. Women still used to wear stiff corseted dresses that were mostly uncomfortable, and not always able to enhance the wearer’s body. Mariano Fortuny freed women from some of the constraints they were subjected to dress-wise, while making them more sensual and elegant,” added Fortuny.
The dress’s pared-down shape was inspired by the Charioteer of Delphi, a Greek statue from around 475 BC. It consists of four to five satin or silk taffeta panels featuring an extremely fine, handmade pleating, still produced in Venice’s artisanal workshops.
The Delphos dress will be the starting point for the development of the first collection of fragrances designed by the Merchant of Venice’s team of perfumers who, working with set designer Pier Luigi Pizzi, will create a bottle inspired by the dress’ shape.
The Merchant of Venice is an artistic perfumery brand inspired by Venice’s ancient fragrance expertise. The brand is currently distributed in over 50 countries worldwide, via corners and shop-in-shops in Italian and international department stores, the brand’s flagship stores in Venice, Verona and Milan, and in select independent perfumeries.
The Fortuny brand’s business ranges from the production of exclusive lampshades to the creation of handmade clothes and accessories. Its silk lampshades are still made and decorated using the same methods adopted by Mariano Fortuny. The Studio 1907 collection is inspired by an original project by Mariano Fortuny: The floor lamp, resting on a tripod designed by the artist in 1907, is still considered iconic, and has an adjustably body providing indirect and diffused lighting. Fortuny operates stores in Venice, Paris and Munich.
UK commercial real estate owner/operator Redical has announced a key appointment and promotion to its senior leadership team “reflecting the company’s continued success and ambition for future growth”.
Stephen Daniels
Stephen Daniels, formerly vice-president of Asset Management at Jamestown Europe and head of Leasing at rival Hammerson, has joined Redical as head of Asset Management and Regeneration.
Daniels will spearhead the asset team across the evolving portfolio, “driving business plan execution and investment performance with a core focus on The Liberty Romford’s regeneration”, Redical said.
Daniels said of his new employer: “While a relatively young company, Redical has unquestionably demonstrated to the industry it is a serious player and one which sits proudly among the leading corporations out there. However, it is Redical’s ambition, entrepreneurial spirit, unqiue approach and commitment to invest in technology which sets it apart from the rest and really excites me.”
Meanwhile Rachel Bradburn, previously leasing director at Victoria Leeds, has been promoted to head of leasing, acting across the growing portfolio. Working closely with Daniels and heading Redical’s leasing team, Bradburn will be responsible for leading portfolio-wide leasing strategies, while maintaining a core focus on Victoria Leeds.
Rachel Bradburn
In addition, The Liberty Romford’s Dan Tucker has moved from Asset manager to Leasing manager, “helping to unlock the full potential of the destination and drive leasing performance” under Bradburn’s leadership. Annabel Anderson also joins the Redical team as Leasing administrator, “managing transaction pipelines and maximising deal efficiencies as the business grows”.
Comprised of three core assets: Victoria Leeds, The Liberty Romford, and Clayton Square Liverpool in a portfolio totalling almost 1.2 million sq ft, “Redical’s vision of fulfilling unrealised potential for its assets has built strong market momentum since its conception in 2020, as it demonstrates it’s transformative approach, industry differentiation and appetite for growth”, the business said.
Mikko Syrjanen, co-founder of Redical, added: “Redical’s growth is shaped by our people, and we remain committed to strengthening our team with the right talent and leadership. These new additions, together with a series of well-deserved promotions help in positioning Redical to unlock new opportunities and build on our existing momentum as we enter an exciting next stage of growth.”
Value retailer The Original Factory Shop (TOFS) has been acquired by specialist retail and consumer investment boutique Modella Capital.
TOFS
It will join 119-store retailer Hobbycraft in the private equity firm’s stable of brands after Modella made a “last minute bid” for the discount chain last week, Retail Gazette reported.
It secured the winning bid after talks between TFOS’ parent company Duke Street and In The Style owner Baaj Capital ended in stalemate.
Variety retailer TFOS operates 180 UK stores, employing 1,800, stocking a wide range of products, from a host of major brands including Calvin Klein, Adidas and L’Oréal and as well as furnishings, DIY and gifting.
In recent years its financial position has become more precarious, particularly for the year to 26 March 2023 (its most recent earnings filing), when it swung to a pre-tax loss of £1.7 million, while sales fell 4% to £118 million.
Fellow private equity firm Duke Street, which has operated TFOS since 2007, had been mulling a sale of the business more recently, eventually appointing advisors at Teneo to oversee an official sales process in December.It previously worked with Deloitte in 2023 to explore a sale.
New York-based fine jeweller Marla Aaron has opening her first physical UK retail destination with a permanent shop-in-shop at high-end London department store Liberty.
The dedicated space within Liberty’s ground floor jewellery hall “brings the spirit of the NYC maximalist Diamond District showroom”, featuring an expanded selection of jewellery, exclusive pieces and objects, “all designed to welcome visitors to play”.
The brand’s arrival will include a charity angle, supported by Liberty. Aaron’s ‘Lock Your Mom’ project, which has run for over a decade in the States, offering single mums the chance to be nominated to receive a special heart lock over Mother’s Day “to recognise them for their amazing work”.
This will be the first time Aaron has run the initiative outside of the US, and Liberty will hold an in-store event hosted by the designer on Mother’s Day (30 March) giving out 100 locks on the day.
Marla Aaron, which “takes a functional maximalism approach to fine jewellery”, launched in 2012 with the recasting of the carabiner Lock into precious metals “quickly expanded into a universe of mechanism-inspired ‘hard-working’ fine jewellery” made by hand in small artisanal workshops in New York City.