JACK’S PAYDAY: Jack Stahl, chief executive officer of Revlon Inc., was paid $1.12 million in salary and a $1.3 million bonus in 2002. He also received restricted stock valued at $3.1 million. In addition, Stahl was given a $1.8 million loan for...
JACK’S PAYDAY: Jack Stahl, chief executive officer of Revlon Inc., was paid $1.12 million in salary and a $1.3 million bonus in 2002. He also received restricted stock valued at $3.1 million.In addition, Stahl was given a $1.8 million loan for taxes related to the secured stock and a $2 million 30-year mortgage for a new primaryhome, according to a filing with the Securities and Exchange Commission. Struggling under heavy debt, Revlon lost $286.5 million last year on sales of $1.12 billion, as reported. Stahl, former chief operating officer of Coca-Cola Co., joined Revlon in February 2002.
CHANGES ARE AFOOT AT SEARS: In a move that will entail more job losses, Sears, Roebuck & Co. is in the process of trimming the costs of its operations amid sliding profits at its credit card division and an ongoing slowdown in sales. According to sources, many of the job cuts are expected at its Hoffman Estates, Ill. headquarters, with a handful elsewhere within the organization. Executives at Sears could not be reached for comment Sunday. Financial sources said the changes in cost structure are necessary and involve all aspects of the retailer’s operations. The plans — including the tally for head count reductions — are expected to be finalized within the next two months.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty