- TAHARI DEPARTURE: Husein Jafferjee, Elie Tahari Ltd.'s executive vice president and chief operating officer, is leaving the company Feb. 1. Jafferjee has been with Tahari for eight years. The company has started the search for his successor, expected to be named soon.
- SHAREHOLDER SUPPORTS KELLWOOD: In the public struggle for ownership of Kellwood Co., the St. Louis-based vendor just got a vote cast for rejecting Sun Capital Securities Group's unsolicited $21 a share tender offer. The support came in a letter Friday from Towle & Co., a St. Louis-based portfolio manager that controls more than 500,000 shares — or about 2 percent — of Kellwood common stock and has for "many years." Calling Sun's bid "low-ball" and "an insult to you and your thousands of hard-working employees," president J. Ellwood Towle asked Kellwood's board to fight the hostile takeover. "It's simply not right to sell Kellwood in 2007 at 1996 prices," said the letter, originally dated after Sun's first offer and resent last week. "Sun strikes when Kellwood is most vulnerable." Towle's letter follows one last week from Discovery Group, an institutional money manager that holds a 1.5 percent stake in Kellwood, which said it intends to submit its 391,100 shares of Kellwood stock to the Sun offer.
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)