• MAGASCHONI HIRES CFO: Magaschoni has hired its first chief financial officer. The bridge-priced, cashmere-based line tapped Brian Sloam, former cfo of French Connection USA, as executive vice president and cfo. Based in New York, Sloam reports to Magaschoni president Monica Forman. “We’re on a diet, and our business model is going to change,” Forman said. Magaschoni, which wholesales from $45 to $300 for spring and is sold in 640 doors, projects sales to be down by an unspecified percentage in the first quarter and anticipates a bounce back in the second and third quarters, Forman said.
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)