• KAHN EXITS WET SEAL BOARD: Harold Kahn, former chairman and chief executive officer of Macy’s East, who last week was named ceo of Steve & Barry’s, has resigned from the board of The Wet Seal Inc., which he joined in January 2005. “Hal brought tremendous merchandising insight to the company as we successfully navigated a turnaround of the Wet Seal division,” said Alan Siegel, chairman. • NEW CFO, NO PRESIDENT: Sheamus Toal, executive vice president of specialty retailer New York & Company Inc., has been promoted to chief financial officer. He succeeds Ronald Ristau, who is leaving the 591-store chain. Ristau also was president of the company, a position that won’t be filled. Toal, who had been chief accounting officer, joined New York & Co. in 2004 as vice president, controller and treasurer after three years at Footstar Inc., where he was vice president and controller. A veteran of Revlon Consumer Products and Max Factor, Ristau joined New York & Co. in 1998 as executive vice president of operations and administration and became chief operating officer in 2002. He added the cfo duties in 2004 and became president last year. “We are pleased that the company has the senior management depth to promote such a strong financial executive from within,” said Richard Crystal, chairman and chief executive officer. “Sheamus has demonstrated a strong understanding of the business as well as excellent leadership skills.”
• PENNEY’S PARES PARACHUTES: J.C. Penney Co. Inc. has limited the payouts on any new severance packages for senior executives to 2.99 times the sum of their annual base salary and the target bonus for the year of termination. The policy doesn’t change severance agreements already in effect, unless they are substantially modified. Penney’s also provided an exception for more generous severance packages that are specifically approved by company shareholders.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast