- HOUSE OKS FARM BILL: The House passed a $300 billion compromise farm bill on Wednesday that could potentially help retailers and apparel brands save millions of dollars in additional duties, extend benefits to apparel companies making clothing in the Caribbean, expand trade benefits to Haiti and give some financial support to U.S. textile producers using U.S. or imported cotton. The legislation next goes to the Senate for a vote, but it faces a veto threat from President Bush, who has argued that it contains too many subsidies for wealthy farmers. The House vote was 318-106, which is more than the two-thirds needed for an override if the President vetoes the bill.
- POLO DEPARTURE: Eileen Sullivan, a senior vice president of design at the Polo Ralph Lauren Corp., has left the company. Since joining in 1987, Sullivan held various design jobs at Polo, including senior design director in women's design, and vice president of Ralph Lauren Polo Sport. More recently, she was designing children's wear for American Living, the exclusive J.C. Penney brand developed by Polo's Global Brand Concepts division.
- NOT FOR SALE: Escada's major shareholder and Finartis chairman Rustam Aksenenko denied German press reports that he is considering selling his stake in the German fashion house. "We did not negotiate and are not negotiating a sale of our participation in Escada," Aksenenko said in a statement. "We believe in the potential of the brand." Rumors have been circulating of a possible interest in Escada by Tchibo Holding and MaxInvest co-owner Michael Herz, and according to a new report this week, the Indian steel billionaire Lakshmi Mittal via the Swiss bank UBS. While Aksenenko said he welcomed outside interest in the company, he added, "The recent rumors have not been helpful in keeping the company focused on the operations challenges of maintaining and building a world-class brand." Finartis' FCMH Fund LP owns 24.8 percent of Escada, and Aksenenko privately owns an additional 1.4 percent for a total of 26.2 percent.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@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)