- FISHERS SELL SHARES: Donald G. Fisher, founder and chairman emeritus of Gap Inc., and his wife Doris, a director at the company, sold off 13.9 million shares of the retailer over the last year, leaving them with 51.8 million shares, or a 7.1 percent stake in the firm, as of Monday.
- DFS APPOINTMENT: DFS Group Ltd. named Michael Schriver as president, worldwide store operations, overseeing the daily operations of all DFS retail locations around the world. Schriver succeeds Mark Daley, who joined Dean & Deluca after 22 years with DFS. Schriver also continues as president, merchandising until a successor for that role is named. DFS has commenced a search and expects to fill the position in the first half of 2008. Schriver joined DFS in 1998 and earlier spent 20 years at Macy's. He will be relocating to Hong Kong later this year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)