STEPPING INSIDE: Gianfranco Ferré SpA is taking footwear in-house and beefing up its design department under new creative director Lars Nilsson. The Italian fashion house said it has agreed by mutual consent to terminate its license with Vicini SpA for the production and distribution of Gianfranco Ferré footwear six months early in spring 2008 and create a division devoted exclusively to shoes and accessories. The decision ties in with Nilsson's first collection for the brand, scheduled for fall 2008. IT Holding SpA, which owns Gianfranco Ferré, will handle logistics. "With this decision, we are bringing in-house the products representing the greatest potential for the company's growth," Gianfranco Ferré chief executive Michela Piva said.
FREE TRADING WITH PERU: President Bush signed the U.S.-Peru Trade Promotion Agreement Friday that provides permanent duty free treatment for apparel imports from the Andean country. Peru was enjoying duty free status under another program that was set to expire. With those benefits locked in, Peruvian exporters, who shipped $845.1 million worth of apparel to the U.S. for the year ended Oct. 31, will now have a more predictable business environment.
SEARS' OFFICIAL BID: Sears Holdings Corp. said Friday that it submitted a draft acquisition agreement to Restoration Hardware Inc. that offers to pay stockholders $6.75 a share in cash through a tender offer, according to a Securities and Exchange Commission filing. The specialty home goods retailer declared Sears an "excluded party" under terms of a prior acquisition deal with Catterton Partners. The move allows negotiations between Sears and Restoration Hardware to proceed. Catterton Partners' offer is for $6.70 a share, which was made in early November. Sears previously made an unofficial bid for the specialty retailer.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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)