The TJX Cos. reached a settlement agreement last week with Visa USA Inc. and Visa Inc. in litigation that arose out of TJX's previously reported unauthorized computer intrusions, according to a statement from the company. Under the terms of the settlement, TJX will offer up to a maximum of $40.9 million pretax in alternative recovery payments to eligible Visa issuers of payment cards that were affected. The settlement is conditional on the acceptance of the offer by at least 80 percent of the eligible Visa payment card accounts.
Saks Inc. settled two lawsuits filed by former vendors over alleged markdown allowance issues, according to media reports. The cases were filed separately by International Design Concepts, a former Oscar de la Renta licensee, and Kleinert's Inc. Terms of the settlement were not announced, but in its most recent earnings report, Saks said it had third-quarter expenses of approximately $2.7 million associated with the vendor lawsuits and the Securities and Exchange Commission investigation that closed in September. IDC filed its initial lawsuit in 2005 for alleged fraud, among other charges related to the company's markdown policy.
Chanel Inc. filed a lawsuit against Susan Lynne Pacini in San Francisco federal court on Nov. 26. Chanel alleged that Pacini sold counterfeit handbags and wallets through her Planet Tan and Master Marketeers Inc. businesses. Chanel asked for an injunction and damages. Pacini could not be reached for comment.
Separately, Chanel filed a trademark counterfeiting and infringement lawsuit in federal court in Pensacola, Fla., against Mark A. Lanton, who does business as stylesoflife.com and Stylesoflife. According to court documents filed on Nov. 14, Chanel alleged that Lanton sold counterfeit handbags and sunglasses. Chanel asked for an injunction, damages and trial costs. Lanton could not be reached for comment by press time.
Louis Vuitton Malletier reached a permanent injunction and final judgment on consent against Industech International Inc. in Manhattan federal court. The judgment was part of a larger lawsuit filed in 2004 against Industech, Burlington Coat Factory Warehouse Corp. and Four Seasons Handbag Co. for alleged trademark counterfeiting. Industech was restrained from infringing on Vuitton's trademarks. No financial damages were awarded in the judgment.
Eon-Net LP filed a patent infringement lawsuit against J. Crew Inc. in Manhattan federal court on Nov. 19. According to legal documents, Eon-Net alleged that an information processing methodology used on jcrew.com infringes on patents it holds. Eon-Net asked the court for an injunction and damages. J. Crew could not immediately be reached for comment. Separately, Eon-Net also filed a lawsuit in federal court in New Jersey against Burlington Coat Factory Warehouse Corp. over the same patents.
For its next men’s wear collection, @roberto_cavalli will show as a special guest at #PittiUomo, running from June 12-15. The brand, which has Florence in its roots, will relaunch its men’s wear collection, which will be presented separately from women’s wear for the first time since Paul Surridge was appointed creative director in May. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.