Ascena Retail Group Inc. has promoted Jeff Gerstel and George Goldfarb to new posts as presidents of its Dress Barn and Maurices divisions, respectively.Both had been executive vice president and chief operating officers of their respective brands and report to David Jaffe, president and chief executive officer of Ascena. Michael Rayden has continued to serve as ceo of the Tween Brands unit, which operates the Justice brand, since Ascena’s November 2009 acquisition of the company.Gerstel joined the Dress Barn unit five years ago as senior vice president of operations, with responsibility for stores, physical operations and lease administration, following a career in retail and investment banking. Goldfarb has been with the company since 1985 and moved up to chief financial officer of Maurices in 2003.“This structure better positions each brand for the future and allows me more time to focus on Ascena’s growth,” said Jaffe. “George and Jeff are impressive leaders with extensive retail experience and dedication to both our customers and associates. Their expertise and commitment will ensure that our business philosophies and values remain solid but that our strategic focuses will continually drive each brand forward.” Armand Correia, executive vice president and chief financial officer, told WWD that Ascena expects to realize growth “both organically and through acquisitions.”Dress Barn operates 836 stores in 47 states, Maurices 797 units in 44 states and Justice 917 units in 46 states. In the fiscal year ended July 30, Ascena had sales of $2.91 billion, with Dress Barn generating $987.5 million, Maurices $776.5 million and Justice $1.15 billion in revenues.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
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