WASHINGTON — Michael Froman, President Obama’s nominee for the U.S. Trade Representative’s post, overcame controversy about funds he has in offshore accounts when the Senate Finance Committee approved his nomination on Tuesday and sent it to the full Senate for a vote.On Monday, the Senate Commerce, Science & Transportation Committee unanimously approved another of Obama’s cabinet nominees, Penny Pritzker, to become Commerce Secretary.The Senate Finance panel unanimously approved Froman’s nomination on a voice vote, despite a controversy over nearly $500,000 he reportedly has in an offshore account in the Cayman Islands, which sparked some criticism from Republicans last week because it symbolically represents a tax loophole that Obama has said he wants to close.Sen. Charles Grassley (R., Iowa) accused Obama of being a hypocrite for nominating Froman after the President “railed against fat cats who avoid taxes offshore.” Grassley had also criticized Pritzker for offshore investments.Senate Finance Committee chairman Max Baucus (D., Mont.) defended Froman’s record at his confirmation hearing Thursday.“Mike Froman is the right person for this job,” Baucus said. “For the past four years, he has demonstrated a mastery of trade policy development and implementation. President Obama has outlined an ambitious trade agenda, one that requires a strong trade representative like Mr. Froman, who can hit the ground running. The time is ripe. The United States has an opportunity to share in the rapid growth of the Pacific region and unlock further economic gains from our already deep ties with Europe.”Froman, deputy national security adviser for international economic affairs at the White House, has played a key role in Obama’s trade agenda over the past few years, often working alongside former USTR Ron Kirk, who stepped down in February.If confirmed by the full Senate, Froman would lead Obama’s trade negotiations and act as the chief enforcer of trade agreements. Among his top priorities will be taking over the negotiation of the Trans-Pacific Partnership between the U.S. and 11 other nations and launching Trans-Atlantic negotiations with the European Union.One of Pritzker’s top priorities at the helm of Commerce, if confirmed by the Senate, will be continuing and promoting the implementation of Obama’s National Export Initiative, which seeks to double U.S. exports by the end of 2014. The NEI has helped spur interest in a Made in America movement in the apparel and textile sector.In other news, The U.S. Department of Commerce is creating the first “Select USA Investment Summit” in Washington on Oct. 31 and Nov. 1. Francisco Sánchez, undersecretary of commerce for international trade, gave the first word on the summit Tuesday at the “Think Asia, Think Hong Kong” symposium at the New York Hilton Midtown Hotel, telling the hundreds in attendance that the summit is meant to “encourage foreign and domestic business investment in the United States and connect them with economic development organizations across the country to support business investment in the U.S.,” which leads to job creation and growth in the country. “Attendees will learn what the United States has to offer and why it’s a great place to do business and meet the people that can help make those investments happen,” Sánchez said.
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)