Marc Price, Digital Media and Style Entrepreneur, Dies at 61

LONDON — Marc Price, the digital media and style entrepreneur who based the WGSN and Stylus Media Group, has died aged 61.

Price died of a coronary heart assault, in keeping with his household. His funeral might be held on Tuesday.

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A genial man and canny entrepreneur who was fast to know the ability of information, digital information and forecasting for the inventive industries, Price started his profession in clothes manufacturing.

He later turned his consideration to development and intelligence-gathering for the style business. In 1997, alongside together with his older brother Julian, he launched Price International Type Community, WGSN, aimed toward style professionals searching for knowledge, evaluation and analysis on retail, product and magnificence developments.

In 2005, the Price brothers bought WGSN to the now-defunct Emap for 140 million kilos. Right now, WGSN is a division of Ascential, a knowledge and e-commerce optimization firm.

5 years later — after an unsuccessful try and retire — Price based Stylus, which tracks and analyzes enterprise developments throughout a wide range of industries together with style and wonder, electronics, house and industrial design, structure and promoting.

Hearst would later take a 20 % stake in Stylus Media Group.

Final yr, Price turned government chairman of Stylus after serving as its chief government officer for greater than a decade.

Victoria Rennie, CEO of Stylus, described Price as an “indomitable presence whose ardour and humor will depart an indelible mark on our enterprise, and the business, for years to return. Many people at Stylus have labored with Marc for many years and his loss might be felt sorely.”

Rennie added: “We are going to proceed our work to evolve and develop the enterprise Marc based, as I do know he would have wished us to do. Our ideas and deepest condolences are with the entire Price household at this very unhappy time.”

In 2007, Price stepped again into the clothes area, reviving the Ossie Clark label, which confirmed for a number of seasons at London Style Week.

“I believed it could be a enjoyable and thrilling undertaking,” Price instructed WWD on the time. “The principle motive why British designers don’t succeed in the present day is straightforward — finance. I’ve been within the clothes enterprise for 30 years, and I believed this might be a really perfect manner of giving one thing again to the British style business.”

Price had an unique licensing take care of Alfred Radley, the clothes producer that bought Clark’s enterprise within the late ’60s.

He mentioned he was impressed with Radley’s “100% meticulous” Ossie Clark archive, which included 700 items of clothes, and that he wished to take an opportunity on a revival. Price’s plan was to take a position a “seven-figure sum” within the enterprise.

Price picked Avshalom Gur, who had labored for Donna Karan, Roberto Cavalli, Chloé and Nicole Farhi, to hold on Clark’s inventive legacy, and head the design group.

Price had wished the Clark enterprise to be the primary in a portfolio of manufacturers. “My curiosity is in giving again to the British style business,” he mentioned.

Nevertheless it was to not be. Price shuttered the label following the recession of 2008, the deepest slowdown the U.Okay. had seen since World Conflict II.

Caroline Rush, CEO of the British Style Council, described Price as a “larger-than-life character who was a fantastic champion of London Style Week, and was captivated with supporting expertise from college students to entrepreneurs. Via WGSN he created a community and development forecasting platform which impressed and supplied alternatives for thus many individuals.“

Daniel Marks, founding father of Townhouse Consultancy Ltd., who knew Price personally and professionally, mentioned he was “the kindest of males, and one of many quiet, unsung heroes of the style business. He was a fantastic listener, gave terribly good recommendation, and was all the time prepared to assist and provides his time. Within the hardest of circumstances for others he was all the time completely happy to step in to help not simply financially, however with an arm round a shoulder, and simply the best phrases of consolation.

“He was a champion of style, a champion of Israel and a proud champion of his household of whom he was immensely proud. I used to be privileged to have labored with him and to have known as him my pal,” Marks mentioned.

Price was born in Nottingham, England, and had houses in England and Israel. In 2011, he turned chair of U.Okay. Israel Enterprise, a merger of the previous British-Israel Chamber of Commerce and the Israel Britain Enterprise Council.

He was additionally a trustee of The Tel Aviv Basis and the chairman of TLVinLDN. He served as chairman of the Board of Governors of Israel’s Shenkar School since 2013, invested in new companies and mentored younger entrepreneurs from a wide range of backgrounds.

Charlotte Clark, director of the inventive and occasions company INCA Productions, labored with Price on large-scale London shows to advertise Israeli tradition in London.

She mentioned, “Marc was a visionary whose ardour and perception propelled him to attain a lot in his life. His enthusiasm was intoxicating and his information and perception spectacular. However what shone above all was his kindness. He all the time discovered the time to speak, and that was in all probability what helped him hone is uncanny eye to identify a brand new expertise. I’ll miss him, as I do know will the broader group at INCA productions.”

Price is survived by his spouse Kelly, and his former spouse Hilda, who’s the mom of his youngsters Patti, Max, Henry, and Louis. Price’s different survivors embody his brother Julian; sister Erica, and grandchildren Edie, Jack, and Margot.

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