• 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.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)