Nelson Peltz got close to a billion votes in his fight for a Procter & Gamble board seat, preliminary results show.While the numbers are still not certified by an independent inspector, and thus not official, P&G filed a statement with the U.S. Securities and Exchange Commission on Monday with details of the preliminary breakdown. Most of the P&G board appears to have been reelected, with around 1.9 billion votes each. Ernesto Zedillo, the former president of Mexico and a P&G board member, had 979.2 million votes, the document shows, and was also reelected.Peltz had just under 973 million, according to the filing.Shareholders voted Oct. 10 at P&G's shareholder meeting as to whether or not they wanted Nelson Peltz, an activist investor and chief executive officer of Trian Fund Management, on the P&G board or not. Peltz started a proxy fight earlier in the year for the seat after talks with P&G executives did not lead to one. Trian owns about $3.5 billion in P&G stock.The activist investor presented a potential reorganization plan for P&G into three different units, but maintained through the process that it had no intentions of breaking up the company or trying to oust P&G ceo David Taylor. Peltz said P&G has underperformed relative to peers, and is too bureaucratic. P&G has maintained that it has made progress in its transformation, which included the sale of most of its beauty business to Coty Inc. in 2016, and that it did not need to add Peltz to the board.Peltz and Trian have contested the original count.“Our numbers say it is as close to a dead heat as possible,” Peltz said after the preliminary results came out in an interview with CNBC. Trian also issued a statement, saying: “According to our proxy solicitors, today’s vote is too close to call and it will take more time to determine the outcome. We await the certified election results by the independent inspector of election. Trian is pleased with the support we have received from shareholders and all of the nation’s independent proxy advisory firms. We believe shareholders’ voices are being heard at P&G today, thanks to Trian’s involvement.”
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“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