• BULGARI SHARES FALL: Shares in Bulgari SpA fell the most in more than five years on the Milan Bourse Monday. The decline came after the Italian jeweler on Friday narrowed its full-year guidance to the lower end of estimates following a drop in second-quarter earnings. HSBC was among bank and securities firms to cut ratings or share price estimates on the stock, downgrading Bulgari to “neutral.” “The bulk of the downward revision is coming from the watch segment, which we believe will be the most impacted by the economic slowdown,” HSBC analyst Antoine Belge wrote in a note. Bulgari closed down 8.3 percent to 6.33 euros, or $9.86 at current exchange. Following the close of trading on Friday, Bulgari reported that second-quarter profits fell 8.8 percent to 31.4 million euros, or $49.1 million at average exchange.
• HAMPSHIRE, KUTTNER PEACE DEAL: Hampshire Group Ltd. and its former chief executive officer Ludwig Kuttner have resolved their dispute concerning Kuttner’s alleged fraud, mismanagement and tax evasion during his tenure. The company has purchased almost 2.4 million shares of its common stock, about 30 percent of those outstanding, from Kuttner, his family and an affiliate for $5 a share, or a total of almost $12 million. Pursuant to the purchase, Kuttner paid Hampshire nearly $1.6 million, netting the former chief executive and his family and affiliates about $10.4 million. Both Kuttner’s complaint against Hampshire for wrongful discharge and Hampshire’s suit against Kuttner have been withdrawn. Michael Jackson, Hampshire’s chairman, said “the resolution of the arbitration and the Delaware litigation with Mr. Kuttner will eliminate both an ongoing cost and the burden that litigation imposes on Hampshire stockholders and management.” Kuttner was dismissed in 2006.
• BURANIS TO INCREASE HOLDING: Italy’s Mariella Burani Fashion Group SpA said Monday that controlling shareholder the Burani family was finalizing a public tender offer for a further 15 to 18 percent of the company at a price of 17 euros, or $26.47 at current exchange, to 18 euros, or $28.03, a share. Mariella Burani said last month that the family would create a special-purpose vehicle for part or all of the outstanding stock, which could lead to a delisting from the Milan Stock Exchange STAR segment for small companies. Mariella Burani closed down 3.5 percent to 15.50 euros, or $24.13.
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