WWD

Bankers are taking a minority stake in Triple Five Group’s Mall of America and West Edmonton Mall as a make good following a default on the firm’s American Dream mall complex, WWD has confirmed. J. P. Morgan Chase, Goldman Sachs and a group of real estate investors are set to receive a 49 percent stake in the two mammoth malls after the New Jersey entertainment complex fell short. American Dream, which has been 20 years in the making and has seen repeated changes in ownership, in 2019 finally opened some of its marquee entertainments, including the Big Snow Ski and Snowboard Park. It cost more than $6 billion to build the 3.3 million square foot complex, which also includes the world’s largest indoor wave pool, encompassing 1.5 acres.

The Milan-based brand founded by Gilda Ambrosio and Giorgia Tordini is entering the world of beachwear with the “State of Nature” capsule collection. For the launch of the capsule, which retails at between 190 euros for basic bikini sets and 370 euros for a one-piece design with a chain embellishment, The Attico tapped South African photographer Henrik Purienne, who shot the collection on two models on a sandy beach in Cape Town, South Africa. ‘State of Nature,’ we wanted to really communicate through the images and the video shot by Purienne the tight link that every woman experiences during the summer with the elements, such as the sand of the beach or the water of the ocean,” said Ambrosio. We tried to convey a sense of peace and harmony with the environment, which is something we think that people really dream of after these long months at home.” Debuting on Monday on The Attico’s official online store and on Mytheresa, the beachwear capsule collection will be soon be available in 80 selected doors around the world.

Lady Gaga and Adam Driver play Patrizia Reggiani and her ex-husband Maurizio Gucci, and the cast includes Al Pacino and Salma Hayek Pinault, all of whom are helping to spark new interest in the events that made headlines in the 1990s. Reggiani was arrested in January 1997, accused of having plotted Gucci’s murder with the help of Giuseppina Auriemma, her longtime friend and spiritual adviser, and Ivano Savioni, Auriemma’s sometime boyfriend, and a hotel porter. She also resented what she described as his indifference to her illness and consequent brain surgery in 1992, and said she felt betrayed by Gucci’s sale of the family company shares to Investcorp. I can’t say the same on a personal level,” Reggiani flippantly told journalists at Gucci’s funeral in 1995, while Paola Franchi, the woman he loved, lived with and had hoped to marry, stayed home.

By the time Maurizio Gucci was gunned down in the lobby of his Milan office on March 27, 1995, the company he knew and loved was already embarking on a new journey under Domenico De Sole and Tom Ford, and priming for the sort of success that would surpass Maurizio’s own big ambitions. De Sole later became chief executive officer of Gucci America Inc. De Sole said in the months following the murder he was interviewed by police multiple times, and had also listened to the rumors flying around Milan that the killer might have been Maurizio’s ex-wife. De Sole took over Gucci at a tricky time for the company: Having run Gucci America for nearly a decade, he returned to his native Italy in the early ’90s to become chief operating officer of the parent company and, not long after, the CEO. Maurizio “had a very good strategic view of the company, and I give him credit for his vision to reposition the brand,” said De Sole, who got to know the Gucci scion when he was working for the U. S. arm of the business.