- 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: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)