TAUBMAN’S NO TO SIMON: Taubman Centers Inc. late Tuesday told Simon Property Group and Westfield America what it thought about their intention to propose four nominees for election to Taubman’s board: It is "solely to advance their own...
TAUBMAN’S NO TO SIMON: Taubman Centers Inc. late Tuesday told Simon Property Group and Westfield America what it thought about their intention to propose four nominees for election to Taubman’s board: It is "solely to advance their own agenda." Taubman further said in a statement, "Our shareholders are entitled to a board that is fully committed to acting in their best interests — and not for the purpose of benefiting Simon and Westfield." As reported, Taubman has been locked in a takeover battle attempt by Simon and Westfield America. Earlier Tuesday, Simon sent a letter to Taubman’s shareholders setting forth its proposal, which said, in part, "The dismissive nature of your elected representatives’ rejection makes it abundantly clear that the TCO board is continuing to listen only to management and turning a deaf ear to the public shareholders."
BROTHER TO BROTHER: Maurice Marciano, co-chairman and co-chief executive of Guess Inc., bought 1 million shares of Guess stock for $4 a share last week, boosting his stake in the firm to 39.2 percent, based on 43.5 million shares outstanding as of the end of last year. The seller was his brother Armand Marciano, senior executive vice president of the firm, whose stake was cut to 11.6 percent. With the transactions, Maurice and Armand directly or indirectly hold 17 million and 5 million shares of the firm, respectively, according to the Form 4 documents filed with the Securities and Exchange Commission this week. As of last September, their brother, Paul Marciano, co-chairman and co-ceo, held 13 million shares of Guess, or about 29.9 percent of those outstanding.
BON-TON TOP GUY: Frank Tworecke has been promoted to president and chief operating officer of The Bon-Ton Stores, the York, Pa.-based department store group. Tworecke has been with the store since 1999, most recently as vice chairman and chief merchandising officer. He succeeds Heywood Wilanski, who has joined Filene’s Basement. Tworecke previously was president and chief operating officer of Jos. A. Bank Clothiers and president of Merry-Go-Round Stores. Jim Baireuther, vice chairman and chief administrative officer, will now report to Tworecke, who reports to Tim Grumbacher, chairman and chief executive of Bon-Ton, which operates 72 stores in nine states.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye