NEW YORK--The Donna Karan Co. said Wednesday it has named J. Patrick Spainhour to the post of executive vice president and chief financial officer. Spainhour, 44, will be responsible for all financial and treasury management functions, and will oversee several administrative and operational departments. Most recently executive vice president of finance and operations at The Stride Rite Corp., Cambridge, Mass., Spainhour has more than 20 years experience in finance and operations functions in the apparel and footwear industries. The appointment of Spainhour comes just three months after the Karan company's well-publicized May dismissal of David Golden, who was its chief financial officer for little more than a month. The action has moved into court, with the company suing Golden on charges of negligence, among other things. Golden countersued with a batch of charges about the firm's financial status, which the privately held firm has disclaimed--even to the point of releasing certain financial figures. As reported, for its second quarter ended June 30, Karan this week cited a tripling of earnings--before interest, taxes, depreciation and amortization--to $1.85 million, and a sales gain of 27 percent to $88.9 million. In joining Karan, Spainhour succeeds Lawrence P. Stern, who had been holding the financial post at Karan on an interim basis. Stern is chief financial officer of Takihyo Inc., which holds a 50 percent stake in the Karan company. Spainhour reports to Stephen L. Ruzow, president and chief operating officer. Before joining Stride Rite, Spainhour spent five years with The Gap Inc., San Francisco, as senior vice president of sourcing, where he established and headed the firm's worldwide sourcing division. "The strongest asset he brings is his apparel background and his knowledge of sourcing capabilities and other operations," said Stephan Weiss, co-chief executive of Karan. "We looked at a number of people, and Patrick's background and personality seemed to fit in best with our corporate culture." Stern is expected to remain at Karan through Aug. 26, said Weiss, to help Spainhour with his transition into the firm. Spainhour also has been executive vice president and chief operating officer of Seminole Manufacturing, a trouser maker. He began his career with the apparel group of the Kellwood Co., where he held several posts, which included vice president of finance and administration. -- Fairchild News Service
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia