In Brief: Spitzer Settlements … Myners Mulls Over M&S
SPITZER SETTLEMENTS:New York State Attorney General Eliot Spitzer on Tuesday said his office had reached a settlement with Federated Department Stores and May Department Stores, as well as with two tableware vendors, Lenox Inc. and Waterford...
SPITZER SETTLEMENTS:New York State Attorney General Eliot Spitzer on Tuesday said his office had reached a settlement with Federated Department Stores and May Department Stores, as well as with two tableware vendors, Lenox Inc. and Waterford Wedgwood, in connection with an investigation over allegations that the companies conspired to limit the distribution of certain products to consumers. Federated said in a statement that it settled “in order to avoid the potential of a protracted court action and the unnecessary distraction to its business that could result from such action.” A May spokeswoman said the “suit was settled to both parties’ satisfaction.” Under the terms of the agreement, Federated will pay civil penalties of $900,000 and May will pay $800,000; Lenox and Waterford will pay $700,000 and $500,000, respectively. None of the companies has admitted to any wrongdoing. Spitzer’s office said the companies had attempted to prevent Bed, Bath & Beyond from expanding into the “lucrative tableware market.”
ON THE RUN: Summer break-ins and burglaries in Italy are nothing new as cities empty and locals head to the beach for weeks. But this summer’s first high-profile heist wasn’t a classic case of breaking and entering. On Friday afternoon, a man strode into a crowded Bulgari store in the ritzy Sardinian coastal town of Porto Cervo, asked a salesperson to see a necklace and a ring up close, grabbed the baubles, worth some 2 million euros, or $2.5 million, and dashed out the door, according to Olbia police captain Gaspare Giardelli. Giardelli said police are still investigating, but he’s optimistic after recent arrests for similar crimes. Few details on the suspect are known, other than that he was well dressed and isn’t Italian — in other words, a convincing potential customer. “He didn’t seem particularly suspicious,” Giardelli said. Bulgari officials could not be reached for comment.
MYNERS MULLS OVER M&S: While the search for a permanent chairman continues, Marks & Spencer plc has said that, for now, Paul Myners is for keeps. He has agreed to remain in the role of temporary chairman, possibly staying on until the retailer’s annual general meeting in July 2005. Myners replaced Luc Vandevelde in June and was a driving force in the company’s successful defense against a 10 billion pound, or $16.92 billion, bid by Philip Green. “The board believes Paul has done an extremely good job during a difficult period, and that the company now needs a period of stability in order to focus on the day-to-day running of the business,” said Kevin Lomax, the company’s senior independent director, in a statement Wednesday. Formerly a non-executive director at Marks & Spencer, Myners is also non-executive chairman of the Guardian Media Group and a non-executive director of the Bank of New York.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)