WILSONS TO CUT STORES, JOBS: Wilsons The Leather Experts Inc. said it plans to close 160 stores and cut over 1,000 jobs in an effort to reduce costs. The company will remodel its 100 remaining stores to a new "Studio" concept, which will be a brand-driven store for women focusing on fashion accessories. The new accessories concept started testing last fall in four different regions, and the company said it was pleased with the initial results. Wilsons expects to complete the remodels by August. The company expects to launch an inventory liquidation and resolve lease terminations over the next 90 to 120 days. The store closures will result in the elimination of 938 store-related positions, and 64 cuts elsewhere.
DEL VECCHIO IN TAX PROBE: Luxottica Group SpA chairman Leonardo Del Vecchio has been ordered to pay 20.4 million euros, or $30 million, in missed tax payments and fines, Italian authorities told WWD on Monday. The charges relate to share transactions made in 1997 and 1998 via a holding company in Germany, which authorities claim Del Vecchio illegally used to avoid paying higher corporate taxes in Italy. Del Vecchio has denied the charges and is appealing the decision. If he does have to cough up the $30 million in payments and fines, Del Vecchio will be dipping in to a net worth estimated at $11.5 billion by Forbes magazine, putting him in 52nd place in last year's billionaires list. Authorities said the German holding company in question, Leofin, did not have any employees or other overheads, which justified it being incorporated in Germany. The case is not related to eyewear manufacturer Luxottica.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.