ARCANDOR NET FALLS: In its short 2007 financial year, spanning the first nine months of 2007, taxes and write-offs for divisions it no longer owns drastically reduced net profits 96 percent for Arcandor AG, while unadjusted earnings before interest, taxes, depreciation and amortization improved 15.1 percent. In final figures released Wednesday, net profits for Arcandor, the renamed holding company of the former KarstadtQuelle AG, fell to 16.3 million euros, or $21.9 million at average exchange, from 479 million euros, or $644 million, in the prior year, while EBITDA climbed to 1.2 billion euros, or $1.57 billion, from 1 billion euros, or $1.37 billion. Adjusted group sales for the nine months rose 72 percent to 14.3 billion euros, or $19.2 billion. Arcandor confirmed its earnings and revenues forecast for fiscal 2008-09, calling for sales of 23 billion euros, or $34 billion, EBITDA of 1.3 billion euros, or $1.9 billion, and in a first-ever EBIT forecast, operative earnings of 850 million euros, or $1.3 billion.
SELECTIVE EYEWEAR TAPS PRESIDENT: Selective Eyewear Elements, which operates the SEE eyewear chain, based in Southfield, Mich., has named David Desjardins as president. Desjardins will report to chief executive officer Richard Golden, who also had held the president's title, and will be responsible for overseeing field and internal operations for the company. Most recently, Desjardins was chief stores officer for Delia's Inc. There are 20 SEE stores nationwide and the company plans to open 100 units in the next five years.
GANT SUSPENDED: Gant shares were suspended from trading Wednesday in Stockholm pending a statement from the stock exchange. Swiss retailer Maus Frères last month mounted a hostile takeover bid for the Swedish sportswear company. Both Maus and Gant declined to comment. Maus is now the biggest single shareholder in Gant with over 35 percent.
CURRIE TO TAHARI: Elie Tahari Ltd. tapped Scott Currie as vice president of communications, effective Feb. 18. He will join from Susan Magrino Agency, where he worked for the past seven years, most recently as executive vice president. At Tahari, Currie will be in charge of the communications efforts for the Elie Tahari collection, including women's wear, men's wear and accessories. He also will oversee the personal public relations for Elie and Rory Tahari, who are the company's chairman and vice chairman and creative director, respectively. Currie will report to both Elie and Rory Tahari.
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye