MADE TO FRANCER: Istvan Francer’s tailored and luxuriously embroidered clothes will now be available on a custom-made basis only. “Francer’s collections are fantastic, sophisticated and precious, but they are difficult to place on the market,” said Gianluigi Facchini, chief executive of Fin.part, which, will continue to back Francer — he iscreative director of another Fin.part property, Cerruti. “Research is important, but there must be some concreteness,” said Facchini, who decided to pull the plug on the Francer’s presentation in Milan and to start showing Cerruti there instead. “There’s creativity and innovation in Paris, but Milan is where you actually do business.”

CEO TO GO: Terry Lundgren hit the ground running in his first day as chief executive officer of Federated Department Stores. Literally. Just before noon on Wednesday, he was spotted running full-speed down 34th Street, just in front of the Macy’s Herald Square flagship, where he makes his offices. Possible explanations include him rushing to catch a one-day sale at Macy’s, scurrying to catch a train at Penn. Station or simply jumping for joy.

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