BAUGUR CHAIRMAN'S CONVICTION UPHELD: Iceland's Supreme Court in Reykjavik upheld a conviction against Jón Asgeir Jóhannesson, executive chairman of the Icelandic investment company Baugur Group Thursday, for wrongdoing in bookkeeping. Jóhannesson was found guilty along with his former chief executive, Tryggvi Jónsson, and a former business associate, Jón Gerald Sullenberger. However, the court rejected several other charges that prosecutors had leveled against Jóhannesson, including fraud, embezzlement and misleading the market by wrong statements to the stock exchange. Jóhannesson had appealed against the conviction earlier this year. Over the past six years, he has been dogged by charges of fraud in Iceland, which were resolved with Thursday's verdict. However, Helgi Magnús Gunnarsson, public prosecutor at Iceland's economic crime unit, said Friday he is investigating pressing separate tax fraud charges relating to Baugur and Jóhannesson.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)