• STEVE & BARRY’S DELAYED AGAIN: There’s no deal yet for Steve & Barry’s. The creditors and the bankrupt retailer wrangled into the night Thursday over a proposed sale to BHY S&B Holdings LLC, a newly formed affiliate of investment firms Bay Harbour Management and York Capital Management. At 8 p.m., the parties agreed to spend another night hammering out a deal to satisfy the concerns of Manhattan federal bankruptcy court judge Allen Gropper.
• WAL-MART SETTLES: Wal-Mart Stores Inc. on Thursday said it reached a settlement with Tom Coughlin, a former vice chairman, who resigned in 2005. The settlement allowed the retail giant to avoid a civil trial on the day it was scheduled to begin. According to a form 8-K report that Wal-Mart filed Thursday with the Securities and Exchange Commission, Coughlin will forego all outstanding rights and claims under his retirement agreement, as well as any additional unpaid or withheld benefits under the company’s retirement and other benefit plans, the total of which is estimated to be about $17 million, not including health benefits. Wal-Mart agreed to pay Coughlin $6.75 million. Coughlin resigned from Wal-Mart after an internal investigation into improper use of gift cards and other expenses in which the company accused him of misappropriating some $500,000. He subsequently admitted to stealing thousands of dollars from the retail giant and, in January 2006, pleaded guilty to federal charges of wire fraud and tax evasion. He was sentenced to 27 months of home detention plus five years probation. He also was ordered to complete 1,500 hours of community service and pay $400,000 in restitution. Wal-Mart filed a suit against Coughlin in an effort to void his retirement agreement. Coughlin filed a countersuit, but dropped one of his three claims on Monday. • NIKE PROMOTES SPRUNK: Eric Sprunk, vice president of global footwear for Nike Inc., has been named vice president for product, a new position. Based in Beaverton, Ore., Sprunk will report to Charlie Denson, president of the Nike brand. Sprunk, 44, joined Nike in 1993 as finance director for the Americas region. During his 15-year career, Sprunk has held several financial and general management jobs. Jan Singer, 44, will succeed Sprunk. Singer joined Nike in 2004 and had been vice president of footwear sport culture.
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