CONAWAY ON THE LINE: Kmart Corp.’s lawyers said in bankruptcy court Tuesday that, because former chief executive Charles Conaway failed to warn its board of liquidity problems, the bankrupt discounter intends to try to make Conaway repay a $5...
CONAWAY ON THE LINE: Kmart Corp.’s lawyers said in bankruptcy court Tuesday that, because former chief executive Charles Conaway failed to warn its board of liquidity problems, the bankrupt discounter intends to try to make Conaway repay a $5 million loan that the retailer had forgiven. The lawyer also said that the trustee for Kmart’s creditors also could go after a $4 million severance payment collected by the former ceo. Conaway’s attorney disputed information disclosed by Kmart’s board in court documents alleging wrongdoing by his client, including the controversial program to suspend payments to vendors.
TSE SALES: Suzanne Zikas, a former vice president of sales for Donna Karan, has joined Tse as vice president of sales, reporting to Lewis B. Koppelman, who joined Tse as chief operating officer in November. Zikas, who had also previously worked for Pamela Dennis and Henri Bendel, will oversee sales for Tse’s three divisions: Tse, tsesay and Tse Men.
SARA LEE LAYOFFS: Sara Lee Corp. on Tuesday said it will eliminate approximately 1,200 jobs in Puerto Rico at three plants that manufacture Playtex innerwear. The job cuts will take place at factories in the towns of Dorado, Humacao and Vega Baja and are projected to take place in six to seven months. The Chicago-based consumer products titan said other textile divisions on the Caribbean island will continue operations. After cutting about 3,900 jobs in 2001, this latest action will reduce Sara Lee’s workforce in Puerto Rico to about 3,000. In a statement, Rafael Rodriguez, Sara Lee Intimate Apparel’s vice president of operations in the Caribbean, attributed the layoffs to "the continuing pressures of a weak economy and an intensely competitive atmosphere."
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion