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In Brief: Bluefly Sponsors ‘Project Runway’… Nike Soccer Head… Sak’s Dividend

Online retailer Bluefly has teamed up with "Project Runway" as the reality show's exclusive retail sponsor for its fourth season.

BLUEFLY SPONSORS ‘PROJECT RUNWAY': Online retailer Bluefly has teamed up with “Project Runway” as the reality show’s exclusive retail sponsor for its fourth season. Under the agreement with The Weinstein Co. and Bravo, Bluefly will give the winning designer the opportunity to sell his or her designs on bluefly.com; collaborate with bravotv.com for “Get the Look,” where viewers can shop for clothing and accessories that reflect the winning outfit from that week’s challenge; own the accessories wall that contestants use to accessorize their runway looks; sponsor all live voting; team with Elle magazine in a sweepstakes, and air commercials during all first-run episodes of the fourth season, which starts Nov. 14 at 10 p.m.

NIKE SOCCER HEAD: Nike Inc. has tapped Bert Hoyt as vice president and general manager of global football (soccer). He succeeds Joaquin Hidalgo, who has been leading Nike’s soccer business for the past year in addition to his role as vice president of global marketing for the Nike brand, a role he will now focus on full time. A Nike veteran of more than a decade, Hoyt most recently served as vice president and general manager of the Nike German Alpine Region, which includes Germany, Austria, Switzerland and Slovenia, where football is a key consumer category. From 2003 to 2005, Hoyt was Nike’s vice president of commerce in Europe, Middle East and Africa (EMEA), a region for which he served in various roles. Hoyt reports to Trevor Edwards, Nike’s vice president of global brand and category management.

SAKS’ DIVIDEND: Saks Inc. said on Monday that the $4 per share dividend paid on Nov. 30, 2006 will result in a return of capital to shareholders in the amount of $1.61 per share, and that $2.39 per share will be taxable to shareholders at the dividend tax rate. Shareholders will receive corrected 1099-DIV forms in mid-November. In January of this year, the retailer preliminarily determined that $3 per share would be taxable at the dividend tax rate, with the balance representing a return of capital.