Ralph Lauren Corp. has agreed to issue a report on its environmental and social practices next year in response to pressure from the trustee of New York State’s pension fund.
Thomas DiNapoli, the state’s comptroller, had submitted a shareholder resolution requiring such an account but withdrew the measure after the New York-based company agreed to issue a sustainability report when it files its next annual report. The company’s most recent report, covering the fiscal year ended March 30, was filed with the Securities and Exchange Commission last Thursday.
A spokeswoman for Ralph Lauren confirmed the firm had agreed to issue the report in tandem with its year-end filings.
DiNapoli is the sole trustee for the New York State Common Retirement Fund, which covers state and local government workers in New York State and has requested similar reports from other companies in which the fund has invested. In March, his office disclosed agreements with Best Buy and Bed Bath & Beyond calling for the retailers’ suppliers to account for their sustainability practices.
The fund was also one of several sponsors of the shareholder initiative pressing Urban Outfitters Inc. to expand the diversity of its board, a proposal voted upon by the company’s shareholders Tuesday. The results of Tuesday’s vote weren’t available at press time. Similar resolutions failed in 2011 and 2012, receiving 22 percent and 39 percent shareholder support, respectively. The nomination of Margaret Hayne, president of Urban’s Free People unit and wife of founder and chief executive officer Richard Hayne, to serve on the board and become its only female director “failed to meet the resolution’s request for an open and inclusive candidate selection process,” read a statement issued by DiNapoli’s office on Monday. DiNapoli characterized Margaret Hayne as “the ultimate insider.”
As in previous years, Urban’s board has opposed the proposal, stating it “could impede [the firm’s] ability to select the most suitable and qualified candidates for membership on the board of directors and would impose unnecessary administrative burdens and costs.”
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty