Amazon.com’s Jeff Bezos and Michael Kors Holdings Ltd.’s John Idol both found a home on Sydney Finkelstein’s first list of best chief executive officers of the year.Finkelstein, professor of management and associate dean at Dartmouth’s Tuck School of Business, has long issued an annual worst ceo’s list. This year, both former J.C. Penney Co. Inc. chief Ron Johnson and Sears Holdings Corp. ceo Edward S. Lampert qualified for worst-of mentions.In an interview Webcast on Yahoo, Finkelstein cited Bezos’ “unbelievable focus on customers” and “nonstop innovation” for his selection as the best ceo of the year. The educator also pointed out that Bezos is setting Amazon on a collision course with the fashion industry, which Finkelstein considers “rife for disruption….No one is better at it than Amazon.”Citing Michael Kors’ successful initial public offering two years ago and stock appreciation since, Finkelstein credited Idol with bringing the company “open-mindedness, debate and discussion” and an ability to “break down the silos” in plotting the company’s course. The other outstanding ceo’s for the year were Akio Toyoda of Toyota and Pony Ma of Tencent in China.Johnson took second place to Eike Batista of Brazil’s EBX/OGX/OSX among the list of worst ceo’s. He was described by Finkelstein as among the worst ceo’s of the decade for making the fatal mistake of thinking that, as was the case with Johnson’s stewardship of Apple’s retail operations, there was no need to discount because people “are in line for your products.”“It’s almost like he fired his customers,” Finkelstein said.Lampert was faulted for following “a classic financial strategy at Sears” in which one cuts costs, sells off assets and then buys back stock. He acknowledged that Sears’ real estate still has value but that, with the stock off 70 percent from its highs of a few years ago, there’s no advantage in buying it back.He referred to Lampert as “the anti-Mickey Drexler,” contrasting the Sears ceo’s lack of understanding of merchandising, his customers and of “how to manage the stores” with the superior instincts and insights of the J. Crew Group Inc. ceo.Thorsten Heins, now ousted ceo of Blackberry Ltd., qualified as the third worst ceo in Finkelstein’s ranking, between Johnson and Lampert.
Exclusive: @isabelmarant and @lorealmakeup have teamed up to create a capsule makeup collection. "She is rather natural in the day but doesn't have time to go back home before going out [in the evening] and redo her entire beauty look," said Marant on the 5 products included in the collection, which will launching in September. Read @jenniferbethweil's interview with the designer on WWD.com. #wwdnews #wwdbeauty
After 17 years, Tomas Maier is leaving @bottegaveneta. “I am deeply grateful to him and I personally thank him for the work he accomplished, and for the exceptional success he helped to achieve,” said François-Henri Pinault, head of parent company @kering_official. Head to WWD.com for more on his departure. #wwdnews #wwdfashion (📷: Davide Maestri)
@shaymitchell is no stranger to teaming up with beauty brands, but she’s made her latest partnership official: She’s signed with @buxomcosmetics as global creative brand ambassador, WWD learned exclusively. Mitchell and Buxom will collaborate on campaign development, social media strategy and content and new product and shade development. Read more on WWD.com. #wwdbeauty (📷: @clint_spaulding)
Today we’re at the WWD Retail 20/20 Forum where industry leaders will be talking about the future of shopping for fashion, footwear and beauty. Tune in on Instagram Live at 9 am and 3:30 pm to hear from two of our speakers –– @therealreal’s Rati Levesque and @bandier’s Stephen Ippolito. #wwdsummits (📷: @elizaflorendo)
Seen last night at @coach’s launch party for “Life Coach,” an interactive pop-up in Soho: @joansmalls. Open now, visitors of the pop-up can engage in themes of “creativity and self-expression,” through tarot, carnival games, live performances and art. See the rest of the party pics on WWD.com. #wwdeye (📷: @vnina)
“We figure there’s enough cynicism to go around the world right now let’s go out there and be ourselves, let’s be enthusiastic, let’s have positive energy, which is something I think a lot of people really want and need right now,” said musician @joshgroban ahead of hosting the Tony Awards with @sarabareilles. Read @leighn’s interview with Groban on how he picked his look for the night, his next record and more on WWD.com. #wwdeye #tonyawards (📷: @vnina)
“Rock as an attitude and not a uniform. Street as a style and not just clothing. Sportswear as the new normality,” @paul_surridge said of his first @roberto_cavalli men’s wear collection, previewed here. The British designer joined the brand as the creative director in May 2017, and is gearing up to unveil his debut for the label with a runway show at the Florence Charterhouse on June 13 at #PittiUomo. Head to WWD.com to read more about his collection and see more sneak peek photos. #wwdfashion (📷: @simonelezzi)