Ford Models

Ford Models, originally the Ford Modeling Agency, is an American international modeling agency based in New York City. It was established in 1946 by Eileen Ford and her husband Gerard W. Ford.[2][3]

For the vehicles, see List of Ford vehicles.

Ford Models
TypePrivate
IndustryFashion
Founded1946 (1946)
FounderEileen Ford
Gerard W. Ford
HeadquartersNew York City, U.S.
OwnerAltpoint Capital Partners (93%) and others[1]
Websitewww.fordmodels.com

Company

Ford Models was started in 1946 by Eileen and Gerard W. "Jerry" Ford. Ford was the first company to advance their models' money-owed by jobs that had been completed but not yet paid. The Ford family had the tradition of allowing teenage models who originated far from New York City to stay in their home.[4]

The company was the pre-eminent New York agency until John Casablancas of Elite Model Management opened up in the city, leading to the "model wars" of the 1980s.[5] Ford, like many of the original agencies of the 1970s, now has to compete with a broad field of contenders, such as Women, IMG and DNA.

The agency has represented a diverse list of models and celebrities. In 1980, the company established the Ford Supermodel of the World Contest, which attracted more than 60,000 hopefuls annually from around the world. Today, the contest lives on in the form of the annual V/VMan Ford Model Search run in conjunction with the two Visionaire publications.

History

Eileen and Jerry began the business in their home. Their daughter Katie Ford took over in 1995 after working in the agency for 16 years.

The Fords sold the agency in 2007 to an investment bank, Stone Tower Equity Partners, owned by Russian oligarch Vladimir Potanin. The private equity firm has since been renamed Altpoint Capital Partners in 2009.[6]

In 2007, John Caplan became Ford Models' chief executive officer.[7]

In the 2000s, the company diversified through Ford Artists to represent talent in the hair, makeup and wardrobe industries. It has also promoted itself through its social media platform, which includes the Ford Models Blog, Twitter, Facebook, and YouTube. Ford Models has also lent its name to an imprint of Random House books, which created a series of teen novels that served to try and glamorize working with the agency.[8]

The company also diversified in into the art gallery business under the leadership of chairman Guerman Aliev in 2011.[9][10]

In 2019 Ford Models sued a former executive, claiming she invented a story about her husband having a terminal illness in order to have the company agree to render null the non-compete clause of her employment contract. Ford Models charged that among other things the executive was liable to forfeiture of her compensation back to the company, inasmuch as she had been a "faithless servant."[11]

In September 2019, the executive filed a countersuit against Ford Models, claiming that the chairman Gerald Banks (Guerman Aliev) had been spending company funds inappropriately for years, and that by July 2019, Ford had over $8 million in debt. She further claimed that she had quit when she realized Banks and Ford Models owner Vladimir Potanin had close ties with Russian President Vladimir Putin.[12]

In May 2020, Ford Models Brasil acquired Ford Models, with Decio Restelli Ribeiro set to be the CEO of the talent management agency.[13][14]

Ford Artists and Ford Models

In recent years the company has diversified into other professions related to the fashion industry through Ford Artists. They represent hair stylists, makeup artists, manicurists, stylists, set designers, prop stylists, art directors, and photographers. Ford Artists locations include Chicago and Miami.[15]

In addition to the New York City headquarters, Ford Models has offices in Paris, Los Angeles, Miami, Chicago, and Phoenix, known as Ford RBA (Robert Black Agency).[15]

Investment

In 2000, Magnum Sports and Entertainment bought 80% of the agency.[16] In 2007, Stone Tower Equity Partners made an investment in the company.[7][17] Stone Tower was later renamed Altpoint Capital Partners.[18]

Ford models

Ford's clients currently include:[19][20][21]

See also

References
  1. Meet The Russian Fund Manager And Former Merrill Banker Who Gets Paid To Manage Supermodels Archived March 9, 2013, at the Wayback Machine. Business Insider.
  2. "Biography for Katie Ford". Internet Movie Database. Retrieved September 21, 2008.
  3. Archived February 17, 2011, at the Wayback Machine
  4. Roberta Bernstein (September 8, 1997). "Katie Ford". People Magazine. 48 (10).
  5. "Living: Come with Me to Casablancas". Time. August 25, 1980. Retrieved May 2, 2010.
  6. Wilson, Eric (July 10, 2014). "Eileen Ford, Grande Dame of the Modeling Industry, Dies at 92". The New York Times. ISSN 0362-4331. Retrieved June 6, 2020.
  7. "Archived copy". Archived from the original on July 25, 2009. Retrieved May 25, 2009.CS1 maint: archived copy as title (link)
  8. Stephen Gundle (2008). Glamour: A History. Oxford University press. p. 369. ISBN 9780199210985. gabbana.
  9. Orden, Erica (January 12, 2011). "Ford Models on Exhibit". Wall Street Journal. ISSN 0099-9660. Retrieved June 6, 2020.
  10. Wachtel, Katya. "Meet The Russian Fund Manager And Former Merrill Banker Who Gets Paid To Manage Supermodels". Business Insider. Retrieved June 6, 2020.
  11. Jensen, K Thor (August 21, 2019). "Ford Models Executive Lied About Husband Dying in Order to Get Out of Her Contract: Lawsuit".
  12. Bowden, Ebony; Hauswirth, Heather (September 13, 2019). "Ford Models chairman accused of plunging company into debt with 'reckless' spending". New York Post. Retrieved June 6, 2020.
  13. Hays, Kali (May 14, 2020). "Ford Models Acquired by Brazilian Outpost". WWD. Retrieved June 6, 2020.
  14. "Ford Models Brasil acquires Ford Models, Inc. to create global talent management platform". www.fordmodels.com. Retrieved June 6, 2020.
  15. "Ford Artists Website". Retrieved December 10, 2011.
  16. Edward Wong (December 13, 2000). "Ford Models Is to Be Taken Over by an Agency for Athletes". The New York Times.
  17. ZACHERY KOUWE (December 6, 2007). "FUND INJECTS CAPITAL TO AID FORD MODELS". The New York Post.
  18. No, No, I Said 'Term Loan,' Not 'Turnpike'
  20. "Ford Models – New York – Modeling Agency – Profile with contact details and their models on FMD – MVA verified agency". Fashionmodeldirectory.com. Retrieved February 18, 2012.
  21. Actors-Women, FORD/RBA (Scottsdale) Archived January 29, 2009, at the Wayback Machine
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.