British Media, Fashion Entrepreneur Marc Worth Dies at 61 – WWD

London – Marc Worth, digital media and fashion entrepreneur who founded WGSN and Stylus Media Group, has died at the age of 61.

According to his family, Worth died of a heart attack. His funeral will be held on Tuesday.

An easy-going person and a witty entrepreneur who quickly understood the power of data, digital news and predictions in the creative industries, Worth started his career in clothing manufacturing.

After that, I turned my attention to trends and information gathering in the fashion industry. In 1997, together with his brother Julian, he founded the Worth Global Style Network (WGSN) for fashion professionals seeking data, analysis and research on retail, product and style trends.

In 2005 the Worth brothers sold WGSN to the now defunct Emap for £140m. WGSN is now part of Ascential, a data and e-commerce optimization company.

Five years later, after an unsuccessful attempt to retire, Worth founded Stylus. Stylus tracks and analyzes business trends across a variety of industries, including fashion and beauty, electronics, home and industrial design, architecture, and advertising.

Hearst later acquired a 20% stake in Stylus Media Group.

Worth was named executive chairman of Stylus last year after more than a decade as CEO.

Stylus CEO Victoria Rennie describes Worth as follows: Many of us at Stylus have worked with Mark for decades and we are very sorry for his loss. ”

Lenny adds: Our thoughts and heartfelt condolences to the entire Worth family at this very sad time. ”

In 2007, Worth returned to clothing, reviving the Ossie Clark label, which ran several seasons at London Fashion Week.

“I thought it would be a fun and exciting project,” Worth told WWD at the time. “The main reason British designers are not successful today is simple — finances. I have been in the apparel industry for his 30 years and this is the ideal way to give something back to the British fashion industry. I thought.”

Worth entered into an exclusive licensing agreement with clothing manufacturer Alfred Radley, who acquired Clark’s business in the late ’60s.

He said he was impressed with Radley’s “100% meticulous” Ossie Clark archive and wanted to seize the chance for a revival, including 700 pieces of clothing. Worth’s plan was to invest “seven figure sums” in the business.

Worth chose Avush Arom Gul, who had worked under Dana Karan, Roberto Cavalli, Chloe and Nicole Fari, to continue Clarke’s creative legacy and lead the design team.

Worth wanted Clark’s business to be the first in the brand’s portfolio. “My interest is to give back to the British fashion industry,” he said.

But it wasn’t. After the 2008 recession, Worth closed the label. This was the deepest recession the UK has experienced since World War II.

Worth was born in Nottingham, England and had homes in England and Israel. In 2011, he became chairman of the UK-Israel Business, a merger of the former British-Israel Chamber of Commerce and the Israel-British Business Council.

He was also a board member of the Tel Aviv Foundation and chairman of TLVinLDN. He has served as chairman of the board of directors of Schenker College in Israel since his 2013, investing in new businesses and mentoring young entrepreneurs from diverse backgrounds.

He is survived by his wife Kelly and his ex-wife Hilda, who is the mother of their children Patty, Max, Henry and Louis. his older sister Erica and grandchildren Eddie, Jack and Margot.

Source link

Leave a Reply