The legal battle between Perry Ellis International Inc. and Victory International (USA) LLC over the Perry Ellis fragrance license has ended. According to documents filed July 30 in U.S. District Court for Southern Florida in Miami, Victory International has accepted a $30,000 settlement from Perry Ellis International. In August 2006, Victory International had signed a letter of intent to buy the license for $140 million from Parlux Fragrances Inc. That October, however, Perry Ellis International informed Parlux Fragrances that it did not consent to the deal and acquired the license for $63 million in cash later in the year. In January 2007, Victory International filed a complaint accusing Perry Ellis International of fraud and interference with contract. It sought an award of damages of “not less than an aggregate amount exceeding $250 million.” According to the settlement, Perry Ellis International will award Victory $10,000 while company founder and chief executive officer George Feldenkreis and chief operating officer Oscar Feldenkreis will each give $10,000. Both companies declined to comment on the settlement.
Rolex Watch USA Inc. has obtained a permanent injunction against a New York landlord and his tenants at two buildings on Canal Street in Manhattan. According to court documents filed July 21 in U.S. District Court in Manhattan, defendant Michael Marvisi, who owns 365 Canal Street Corp. and 326 Canal Street Corp., consented to the order. The injunction bans any tenants from making or distributing counterfeit Rolex goods. Rolex filed suit against Marvisi in March 2004. A call to Marvisi’s attorney seeking comment was not returned.
Breaking: @cushnieetochs’ co-founders @carlycushnie and @ochsmichelle are parting ways. After a 10-year run, Ochs is leaving the brand. Get the full story on WWD.com – link in bio. #wwdnews #wwdfashion
@maybelline’s Kanako Takase had snow bunnies in mind when creating the beauty look for @philipppleininternational. Playing off of the bedazzled snowboards in the collection, Takase mixed two highlighters together for a luminous sheen. #wwdbeauty #nyfw (📷: @jilliansollazzo)
“There’s a huge gap between the old way of doing things and today. It takes the youth to help evolve that. You have to count on the kids today to help lead you into the future. A lot of these retailers are stuck in the past. Communication is the biggest thing,” said @ronniefieg of @kith on the youth’s role in retail. On Monday night, Jeff Staple moderated a keynote session with Fieg and @syresmith at Assembly - a series of workshops, talks and keynotes addressing topics or issues in the apparel industry. Head to WWD.com to read more advice from Fieg and what Smith thinks of his dad @willsmith’s Instagram account and sustainability (📷: @weston.wells)
@joansmalls closed the @michaelkors fall 2018 show in black sequined pants and a varsity T printed with 19 on the front and 81 on the back. 1981 – the year Kors went into business. #wwdfashion #nfyw (📷: @giovanni_giannoni_photo)
“You think your life is going to be a certain way, and nothing you thought would happen ends up happening. Never in my wildest dreams did I think I’d be designing clothes and working with Mickey Drexler, and building something I’m deeply proud of,” said Jenna Lyons. Nine months after leaving @jcrew, Lyons is exploring the meaning of happiness. Read the interview, where Lyons talks about reinvention and more on WWD.com – link in bio. #wwdfashion (📷: Farrell) #jennalyons #jcrew