• REDCATS HEAD LEAVES: PPR is losing another top executive. Thierry Falque-Pierrotin, head of the Redcats mail order division, will step down at the end of the year to pursue another professional opportunity, the French luxury and retail group said Monday. Falque-Pierrotin has worked at PPR since 1990 when he was chairman and chief executive officer of Francois Pinault’s wood and construction activities. PPR said a successor to Falque-Pierrotin would be appointed before the end of the year. PPR last month said Mark Lee, the chief at Gucci, would step down for personal reasons. He is being replaced by Patrizio di Marco of Bottega Veneta. Falque-Pierrotin’s successor will face challenges. Redcats struggled recently, with sales falling slightly last quarter. During his tenure, Falque-Pierrotin tried to modernize the cataloger by pumping up its e-commerce activities and focusing on niche businesses, such as The Golf Warehouse and The Sportsman’s Guide in the U.S.
This story first appeared in the October 7, 2008 issue of WWD. Subscribe Today.
• GREEN SCENE: The 10th annual New York Fashion Conference, “Green: Sustainability, and Style,” is set for Dec. 4 to 6 at the Graduate Center at the City University of New York on Fifth Avenue at 34th Street. The conference will explore natural materials, alternative fibers, eco-responsible and bio-friendly packaging, and the marketing of green to a global consumer. Among the speakers are Mike Kowalski, chairman and chief executive of Tiffany & Co.; Tom Cole, vice chairman of Macy’s Inc., and Julie Gilhart and Simon Doonan, senior fashion director and creative director, respectively, of Barneys New York.
• WAVERLY SOLD: NexCen Brands Inc. has completed the sale of its Waverly business to Iconix Brand Group Inc. for $26 million. NexCen used the proceeds from the sale to pay off all of the outstanding Waverly debt of $21.3 million. In addition to transaction expenses, the balance of the proceeds were used to pre-pay $2.6 million of debt associated with NexCen’s Bill Blass business. The firm is still in the process of selling Bill Blass. “With the Waverly transaction closed, selling the Bill Blass business is a top priority in our continuing efforts to de-lever NexCen,” said Kenneth J. Hall, chief executive officer of NexCen, adding that the company is “pleased by the recent solid performance of our seven franchise brands,” which are principally in the food business.