Fifth & Pacific Cos. Inc. has moved its distribution functions back to a company-owned facility in Ohio following the expiration of an agreement for those services with Li & Fung Ltd. that dates back to 2011.
Fifth & Pacific has reached an agreement with Ridge Global Inc., a Kearny, N.J.-based provider of business services, to operate the distribution center in West Chester, Ohio. The approximately 150 individuals employed by Fifth & Pacific at the facility, and whose employment was covered by an extended collective bargaining agreement, will be offered employment by Ridge.
“The decision was based on the complex distribution needs of our businesses and the ability, through Ridge, to run a more efficient operation with compelling financial benefits,” said a spokeswoman for F&P. “We are happy in the end with the economics, the service levels made possible and the continuity provided by this arrangement.”
David Telesco, president of Ridge, told WWD that his firm is conducting talks with the former Fifth & Pacific employees to reach a new labor agreement. “This process is moving along well,” he said.
The Li & Fung distribution and warehousing arrangement followed a previous pact, signed in 2009, under which L&F would take responsibility for all sourcing by Fifth & Pacific, then still known as Liz Claiborne Inc. That arrangement remains in effect, although the company refunded a portion of the proceeds collected in connection with it from L&F in 2010 following the sale of the Liz Claiborne trademark to J.C. Penney Co. Inc. The company received $83 million under terms of the arrangement and refunded $24.3 million of it to L&F, according to filings with the Securities and Exchange Commission.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)