These are the stories making headlines in fashion on Wednesday.
Asics to Spin Off Onitsuka Tiger Into Standalone Subsidiary
Asics is transferring Onitsuka Tiger to OT Group, a wholly owned subsidiary, via a company split effective January 1. The move will allow quicker decision-making at Onitsuka Tiger, given the sneaker label is a key profit driver for Asics. There’s also reportedly been ongoing conflicts between the management of Asics America and Onitsuka Tiger. “By splitting off the company, we can manage various issues from headquarters in Japan, and we can start (in the U.S.) again,” Ryoji Shoda, CEO of the newly created OT Group, told Reuters. {Reuters}
Chanel Names Marie-Laure Cérède to Lead Its Jewelry Design
Chanel has tapped Marie-Laure Cérède as Director of Jewelry Creation Studio, effective this October. She will report to Frédéric Grangié, president of Watches & Fine Jewelry, and oversee all precious and high jewelry creations. Cérède has previously held design positions at Cartier and Harry Winston. {Fashionista inbox}
Prada Unveils Its New Space Suit
In collaboration with Axiom Space, Prada unveiled its new-look Liquid Cooling and Ventilation Garment that NASA astronauts will wear under their spacesuit (also Prada-designed) during lunar missions. The new garment is made of a proprietary combination of yarns and features built-in tubes to carry water to cool the body. {The New York Times/paywalled}
T3 Appoints New CEO
T3 has appointed Anne-Cécile Brilland as CEO. She brings more than 20 years of experience to the role, most recently serving as president of IGK Hair. At T3, she will work alongside co-founders Dr. Julie Chung and Kent Yu to oversee growth strategies and product innovation. {Fashionista inbox}
