– AGASSI SUES TARGET: Former tennis star Andre Agassi’s firm, Agassi Enterprises Inc., has filed a lawsuit against Target Corp. in U.S. District Court in Las Vegas, alleging mark infringement and unfair competition. Agassi Enterprises said that the retailer, without authorization, used marks on sandals that contained the “name, image, likeness and other attributes” associated with its namesake. Agassi Enterprises, which has the right to use and sublicense the Agassi marks, is seeking preliminary and permanent injunctions, an accounting of profits and unspecified damages. “Target has made every effort to rebrand the merchandise in our stores and on Target.com.,” a spokeswoman said. “We will continue to work…to rectify the situation.”
– BEVERLY HILLS DEAL: Two Rodeo, the 129,000-square-foot luxury shopping center in Beverly Hills, home to Jimmy Choo, Versace, Tiffany & Co. and Cole Haan stores, has been sold for more than $275 million to Sloane Capital, a real estate consortium in Ireland. Rodeo Owner Corp., a family trust, had owned the center, located at Rodeo Drive and Wilshire Boulevard, since 2000. Two Rodeo was built by San Francisco developer Douglas Stitzel in the Nineties as a European-style open-air retail thoroughfare.
– WEB APPOINTMENT: Luxury e-tailer Net-a-porter.com has appointed Alison Loehnis as vice president of sales and marketing, a new role at the company. She will report to company founder Natalie Massanet. Previously, Loehnis was global sales and marketing director for shirtmaker Thomas Pink. In her new position, she will oversee sales and marketing and be responsible for the sales growth of Net-a-porter in existing and new markets. At Pink, Loehnis led strategic brand marketing, including advertising, partnerships, public relations, visual merchandising and customer service. Net-a-porter has no plans to expand into men’s wear, Loehnis said.
– CEO NAMED: I.C. Isaacs & Co. Inc. said last week that interim chief executive officer Robert S. Stec agreed to take the post on a noninterim basis by entering into a long-term employment agreement. He has served as interim ceo for five months. The company also said in a statement that it reached an agreement in principle “for a three-year extension of its Girbaud license through 2014 for both men’s and women’s product. The company believes that this is a key development in its ongoing effort to affect a turnaround of the company and its financial performance.”
This story first appeared in the September 19, 2007 issue of WWD. Subscribe Today.