VF Corp. chief executive officer Eric Wiseman saw his total compensation leap by a third, to $14.2 million, and its cash portion expand one-sixth, to $4.1 million, in 2012 as the company logged double-digit growth in sales and profits.Wiseman, chairman, president and ceo of VF, had a $100,000 increase in salary, to $1.2 million, and a 19.5 percent increase in his cash bonus, to $2.9 million. His maximum possible cash bonus, referred to as “nonequity incentive plan compensation,” was $3.4 million.RELATED STORY: Edward Lampert, the $1 CEO >>Wiseman’s stock and option awards totaled $5.9 million last year, 20.9 percent above their 2011 level. Because of stock fluctuation and vesting schedules, the full amounts of these awards might not be realized by the executive but public companies are required to report them to the Securities and Exchange Commission at “grant date fair value.”Wiseman’s pay package received a $2 million boost from an actuarial adjustment in the “change in pension value and nonqualified deferred compensation earnings column,” recorded at $4.1 million last year versus $2.1 million in 2011.Bolstered by its acquisition of Timberland, VF’s full-year net income last year rose 22.3 percent to $1.09 billion as revenues rose 15 percent to $10.88 billion. The company’s other brands include Wrangler, Lee, Seven For All Mankind, The North Face, Nautica and Vans.
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)