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Monday, 1 April 2019
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Louis Vuitton to Stage Cruise Show at JFK Airport’s TWA Flight Center

COME FLY WITH ME: Nicolas Ghesquière is making sure his next Louis Vuitton cruise collection is ready for takeoff: the show on May 8 will be held in the TWA Flight Center at New York City’s John F. Kennedy International Airport. Ghesquière, who tends to gravitate toward striking modernist buildings, announced the location in an Instagram post on Monday. The terminal, which opened in 1962, was designed for TWA by Finnish-American architect Eero Saarinen. Known for its wing-shaped roof and tube-shaped corridors, the mid-century modern building has been closed since 2001. It will be revived soon as the centerpiece of the TWA Hotel, set to open on May 15, housing retail, eight bars and six restaurants, including the Paris Café by Jean-Georges Vongerichten. The TWA Flight Center was declared a New York City landmark in 1994 and went on the National Register of Historic Places in 2005. It was also used as a backdrop in Steven Spielberg’s “Catch Me If You Can” starring Leonardo DiCaprio and Tom Hanks. Louis Vuitton will be the first to stage an event in the restored building before it opens to the public. “The TWA Flight Center, a sheer evocation of travel itself, is inherently linked to Louis Vuitton’s commitment

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WWD LIST: Double-digit Multiples

The world’s more polarized than ever — and it’s not just politics. Wall Street is also going for the extremes. It’s not a surprise companies and brands that are ultra chic, ultra inexpensive or ultra sporty are getting all the love from investors and scoring the highest valuations. Luxury names have always commanded stronger multiples given their sky-high margins. But the high-end is now being valued side by side with the discount pricing crowd and the brands leading the active charge as investors continue their migration away from the middle. When investment bankers put price tags on companies, they look at enterprise value, which includes the value of all the company’s outstanding shares and debts, and earnings before interest, taxes, depreciation and amortization, or EBITDA. It’s a big-picture measure that incorporates all of the money a company has taken from investors and all the cash that flows through the business. There are plenty of nuances. A drop in EBITDA can suddenly boost a valuation if investors are understanding and companies typically need to be compared with others in a similar line of business. But an enterprise value of 10-times EBITDA or higher has generally been seen as a solid valuation. A WWD study of valuations

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AmfAR Apologizes to Donnie Yen For Hong Kong Gala Incident

HONG KONG–HIV charity organization amfAR has issued an apology statement over the weekend for an incident that caused actor Donnie Yen and his family to feel discriminated against and leave the gala abruptly. “It is most regrettable and unfortunate that I was not able to prevent the embarrassment caused to our esteemed co-chair Mr. Donnie Yen and his family and for any mishandling which has caused them to feel they were being disrespected in any way,” read part of a statement signed by Kevin Robert Frost, amfAR chief executive officer. “I sincerely look forward to having the opportunity in working closely with the Yen family again, and hopefully, to reach a better understanding of how improvements can be made.” The martial arts star, who last fall launched his eyewear line DonniEye, had shown up to the annual red carpet fundraiser held last week. Backed by Macau gambling heiress Pansy Ho, this year’s event was honoring Adrian Cheng’s philanthropy work in the battle against HIV drawing celebrities such as Heidi Klum, Michelle Yeoh, and Nicole Scherzinger. But simmerings of the drama were revealed when Yen’s wife, former beauty queen Cissy Wang, wrote in a now-deleted Instagram post that they had faced racial discrimination. “Tonight we experienced

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