• 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.
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