- LVMH STOCK SLIDE: LVMH Möet Hennessy Louis Vuitton’s stock closed down 5.26 percent to 63.30 euros, or $99.36 at current exchange, on the Paris Bourse Friday versus the prior day’s close. Reports suggest shareholders were taking profits on a stock that has outperformed its peers.
- NORTHPARK CENTER SECURITY: NorthPark Center in Dallas is ramping up security after three recent crimes and an increase of shoplifting. The mall has boosted the hours of its in-house security team and beefed up the number of off-duty police officers it hires for peak shopping times, said marketing director Christine C. Szalay. It also hired a firm to conduct security audits. A woman was shot in the face in the mall’s parking lot in May. Last month, five men robbed NorthPark’s Ben Bridge Jewelers in June of about $260,000 worth of Rolex watches. In the most recent incident, four men smashed a Chevrolet Suburban through Nordstrom’s glass doors after hours and stole an ATM. There were 145 incidents of shoplifting in first six months of 2008 compared with 117 for the same period last year.
- DMC EXEC NAMED: The Dallas Market Center has named Lee Taitel executive vice president and chief financial officer. He replaces Nancy Winton, who has left the company. Taitel oversees all accounting, finance and purchasing departments and reports to Bill Winsor, president and chief executive officer at the DMC. Before joining the DMC, Taitel was vice president of investment accounting for Hudson Advisors, Dallas. The DMC, which includes FashionCenterDallas, is the world’s largest wholesale merchandise complex with more than $8 billion in annual transactions.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.