NEW YORK--A California state court in San Francisco last week entered an order giving a former Joe Boxer licensee the right to receive money owed to the intimate apparel manufacturer. As reported, Van Mar Inc. is trying to enforce and collect on a court judgment validating an arbitration award of $3.1 million in its favor. The parties have been trying to work out a payment schedule for several months, but have been unsuccessful to date. W. John Short, chief executive officer of Joe Boxer, said Tuesday, "We speak almost every day. We're still trying to work it out. We're going to try again Wednesday to settle this." The court order last week assigned to Van Mar the right to receive payments that ordinarily would go to Joe Boxer Corp. in the form of "accounts receivables, rents, commissions, royalties [and] payments due from a patent or copyright, not including loans and advances." The order also barred the San Francisco-based Joe Boxer from "encumbering or disposing of any property that Van Mar has been assigned." According to Short, "The order has very little effect on the company. The normal flow of the business with our financial lenders continues to operate normally." The ceo said the offer on the table now is $1 million, with the balance payable over a two-year period. He said the firm hoped to avoid a bankruptcy filing but that it had support from its lenders even if one couldn't be avoided. Meanwhile, a deposition of a Joe Boxer executive is scheduled for Thursday in San Francisco, according to Jed Schlacter of Schlacter & Associates, counsel for Van Mar. The deposition is supposed to help Van Mar determine the status of Joe Boxer's financial picture. A similar session is set for sometime next week with an executive from Joe Boxer's factor, The CIT Group/Commercial Services in New York.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews