- MCCOMB'S COMPENSATION: William L. McComb, chief executive officer of Liz Claiborne Inc., pulled in total compensation of $6.3 million last year, his first full year on the job, according to a filing with the Securities and Exchange Commission on Wednesday. His pay included a salary of $1.3 million, stock and option awards valued at $4.5 million, a bonus of $325,000 and other compensation, including $6,634 in apparel and more than $113,000 for an apartment the company leases for him. McComb took over the helm of the vendor in November 2006, and received total compensation of $944,000 for that period. Michael Scarpa, chief operating officer, saw his compensation rise 8.4 percent to $2 million. Andrew Warren, chief financial officer, earned $1.3 million, and Jill Granoff, executive vice president for direct brands, received $1.4 million. Warren joined the company last year. There was no compensation listed for Granoff for 2006.
-TALBOTS STOCK RISES: Talbots Inc. stock gained 15.7 percent to close at $13.89 in trading on the New York Stock Exchange Wednesday, a day after the company revealed a three-year plan to turn around its struggling business. Trudy Sullivan, president and chief executive officer, intends to revamp the specialty retailer to appeal to a new generation, with timeless classics. In a note, Todd Slater, retail analyst at Lazard Capital Markets, said the primary goal of the merchandise team is to become more "design" oriented. -COTTON PRICES TO INCREASE: Global cotton prices are forecast to increase 10.1 percent this year, compared with last year's 4.4 percent boost, with demand from Asian nations making up for the economic slowdown in rich Western nations, said a report from the United Nations Commission for Africa. The projection bodes well for African cotton-exporting nations such as Benin, Burkina Faso, Chad and Mali that are positioned to supply expanding Asian economies like China and India. As a result, the agency expects African economies to grow by more than 6 percent this year, following last year's 5.8 percent expansion. The report warns, however, that there's a risk in 2008 "of a sharper slowdown in the U.S. economy and a fall in global commodity demand and prices." The study said Chinese cotton imports have contributed to "41 percent of the growth of cotton exports of all cotton-producing countries in Africa," and contributed to an estimated 1.1 percent economic growth of these countries.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty