- A CHARMED AGREEMENT: Charming Shoppes Inc. said on Thursday it reached an agreement to end its proxy battle with activist shareholders Crescendo Partners and Myca Partners. The specialty retailer will nominate the following individuals to its board: two of management's nominees, Dorrit J. Bern, chairman, and Alan Rosskamm, the company's president and chief executive officer; two of the committee's nominees, Arnaud Ajdler and Michael C. Appel, and two retail executives, Richard W. Bennet 3rd, former vice chairman of May Department Stores Co., and Michael Goldstein, former chairman and ceo of Toys 'R' Us Inc. Both the company and committee agreed to vote their shares in favor of these nominees and all of the proposals to be presented at the company's annual meeting.
- TRUE RELIGION UP: Premium denim brand True Religion Apparel Inc. on Thursday reported a 34.7 percent jump in first-quarter income to $6.9 million, or 29 cents a diluted share, from $5.2 million, or 22 cents, in the same year-ago period. Sales for the quarter soared 47.4 percent to $53.4 million from $36.2 million. During the quarter, the company exceeded its expectations for the domestic wholesale business and improved international performance. Management raised full-year earnings guidance in the range of $1.52 to $1.56 a share, compared with previous expectations of $1.48 to $1.52. The updated guidance is a result of an increase in its expected share count and a reduced effective tax rate.
“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