CARREFOUR'S SPANISH FOOTPRINT: Carrefour, the world's second-largest retailer behind Wal-Mart, on Monday strengthened its position in the competitive Spanish market by buying 250 hard discount stores. The French firm said it would acquire the Plus store chain from Spain's Tengelmann for 200 million euros, or about $275.6 million at current exchange. The transaction was conducted through Carrefour's Dia subsidiary, which already runs 2,806 stores in the country with sales last year of 3.5 billion euros, or $4.45 billion. Carrefour has struggled in France because of cooled consumer spending and discount competition. The firm has been unloading less-profitable operations in Japan, South Korea and Mexico, while bulking up in promising markets. In April, Carrefour bought 34 discount hypermarkets in Brazil for more than $1 billion.
H&M JUNE SALES: Hennes & Mauritz on Monday said sales in June advanced 17 percent, edging most analysts' consensus expectations. On a like-for-like basis, the Swedish fast-fashion firm said sales grew 5 percent. Last month, H&M's like-for-like sales declined 2 percent. At the end of June, H&M had 1,420 stores.
GALERIES LAFAYETTE ACQUISITION: Groupe Galeries Lafayette, the French department store operator, said Monday that it acquired two watch chains — Louis Pion and Royal Quartz — from France's Groupe Sofidi for an undisclosed sum. The transaction bolsters Galeries' watch distribution network, which already counts 110 Watch Me, EuropaQuartz and Goldy stores. Louis Pion and Royal Quartz, which stock luxury and fashion watches, operate 20 stores, mostly in Paris and French airports. The deal signals more consolidation among European department stores. Last year, Italy's La Rinascente purchased the Printemps department stores from PPR, parent of Gucci Group. In recent weeks speculation mounted that Galeries Lafayette had its eye on Britain's Debenham's department stores, which Galeries denied.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
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