- 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.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews