PACSUN CUTS UNIT PRESIDENT: Pacific Sunwear of California said Wednesday in a regulatory filing that it is eliminating the position of president at its D.e.m.o. subsidiary, which the skate- and surf-inspired apparel chain is in the process of shuttering. The Securities and Exchange Commission filing said Lou Ann Bett will leave the company on March 15. The company previously said it will close the remaining 154 D.e.m.o. stores as part of its restructuring process. Last May it closed 74 units of the underperforming urban-inspired division. The closing of the stores is expected to be completed this May. The filing also said Bett will be entitled to receive severance benefits under the company's executive severance plan.
EXPRESS APPOINTMENT: Express has named Lisa Gavales executive vice president and chief marketing officer, succeeding John Wendler, who departed in May. "As an independent business, we have established aggressive growth plans that will require strong marketing and visual leadership to ensure that we are clearly articulating our brand to our customers," Michael Weiss, chief executive officer of Express, said. Gavales was most recently Bloomingdale's senior vice president of marketing and was largely responsible for growing the store's e-commerce. Earlier, she worked at PricewaterhouseCoopers and Habberstad International.
JAFFERJEE TO RAFAELLA: Rafaella Apparel Group Inc. said it appointed Husein Jafferjee as chief operating officer. Jafferjee was previously at Elie Tahari as chief operating officer. Prior to that, Jafferjee served in a variety of roles at Urban Children's Stores, Henri Bendel and Mexx USA, as well as Bankers Trust Co., Cosmair Inc. and Touche Ross & Co.
VALUE CITY DEAL: Retail Ventures Inc. said it sold an 81 percent ownership stake in its Value City Department Stores business to VCHI Acquisition Co., which is described as a newly formed entity owned by VCDS Acquisition Holdings LLC, Emerald Capital Management LLC and Crystal Value LLC. "Retail Ventures Inc. will receive no net cash proceeds from the sale, will pay a fee of $500,000 to the purchaser and anticipates recognizing an aftertax loss on the transaction," the retailer said in a statement. "As part of the transaction, Retail Ventures Inc. issued warrants to VCHI Acquisition Co. to purchase 150,000 shares of common stock of Retail Ventures at an exercise price of $10 per share, and exercisable within 18 months of the date of the closing of the transaction."
@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