In Brief: Aeropostale Buyback… Claiborne Repurchases Shares… De Sole to Rubbermaid…
Teen apparel retailer Aéropostale Inc. announced Tuesday that it will increase the company's share repurchase program by $250 million. This increase brings the total share repurchase program to $600 million.
- AEROPOSTALE BUYBACK: Teen apparel retailer Aéropostale Inc. announced Tuesday that it will increase the company's share repurchase program by $250 million. This increase brings the total share repurchase program to $600 million. The company will use a part of this authorization to implement an accelerated share repurchase program to buy back $125 million of its common shares.
-CLAIBORNE REPURCHASES SHARES: Liz Claiborne Inc.'s board authorized an additional $100 million in stock repurchase, to build shareholder value. This authorization represents approximately 4 percent of the company's current market capitalization, at Friday's closing stock price. As of Friday's market close, Claiborne had purchased approximately 105.5 million shares for approximately $2.175 billion, and had about 97.7 million shares outstanding. The last authorization was for $250 million on May 18, 2006. Repurchases will be funded through internally generated funds and available credit facilities, and shares acquired will be used for employee stock plans and other general corporate purposes. No time limit was set for the completion of the program. -DE SOLE TO RUBBERMAID: Former Gucci Group chief executive officer Domenico De Sole was elected to the board of Newell Rubbermaid Inc. De Sole is chairman of Tom Ford International, lead director of Telecom Italia SpA and director of Gap Inc. His election to Rubbermaid, which markets consumer and commercial products such as Sharpie, Paper Mate and Goody, brings the company's number of directors to 12.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)