The deal will include limited edition pieces by American and international designers, to be made exclusively available on Net-a-porter.com for a year, starting with New York fashion week in September. "Their global reach will help deliver the message of FTBC to an international audience and will dramatically increase the scope and range of previous fund-raising efforts," said CFDA executive director Steven Kolb. The partnership will be unveiled at a June 19 luncheon in honor of Massenet, hosted by the CFDA and its president, Diane von Furstenberg, at the DVF Studio in New York.
WEAR AND TEAR: Karl Lagerfeld has tapped another budding actress for a Chanel campaign. Rinko Kikuchi, nominated for an Oscar for her performance in "Babel," was in Paris Tuesday to shoot ads featuring Chanel handbags for the cruise season. It's not the first time Lagerfeld has photographed Kikuchi; he recently did a shoot featuring her for Japanese Vogue. And Kikuchi is already a Coco nut, having worn Chanel faithfully for the past year. Separately on Tuesday, Chanel said it would display the finale dress from its cruise collection in the windows of its Venice boutique to mark the opening of the city's Biennale. In a wink to the work of artist Sophie Calle, who is representing France and is partly sponsored by Chanel, Lagerfeld has dubbed the little black dress, with what looks like an ivory rip in the front, a "breakup dress."
HOT WHEELS: Tod's chief Diego Della Valle and his brother Andrea have just snapped up a small stake in Italy's Piaggio & C., the company behind the iconic Vespa scooter. Late Monday, the brothers said they bought "more than 2 percent" of Piaggio. At current market prices, the stake is worth more than 28 million euros, or $38 million. The brothers also obtained options to lift their stake to as much as 5 percent. Over the past few years, the Della Valles have diversified their personal investment portfolio beyond their core footwear and leather goods company to include soccer team Fiorentina, eyewear company Marcolin and minority stakes in other companies. Piaggio's brand portfolio includes Piaggio, Vespa, Aprilia and Moto Guzzi. Roberto Colaninno, Piaggio's chairman and chief executive officer, controls the company with a 55 percent stake. In a statement, the Della Valles said they decided to buy a holding in Piaggio because they believe in the "strong growth and development potential that this prestigious Italian brand has in the world."