KOHL’S SOCAL SANTA: Kohl’s Department Stores expects to hire about 4,200 workers when it makes its long anticipated entry into Southern California with 28 stores next spring, the company said Monday. The firm, which currently has 457...
KOHL’S SOCAL SANTA: Kohl’s Department Stores expects to hire about 4,200 workers when it makes its long anticipated entry into Southern California with 28 stores next spring, the company said Monday. The firm, which currently has 457 stores in 33 states, expects to open eight stores in Orange County, seven in Los Angeles County, three in Ventura County and five stores each in Riverside and San Bernadino counties.
SHARE AND SHARE ALIKE: Coach Inc. chief executive officer Lew Frankfort on Dec. 12 has entered into an agreement with Goldman, Sachs & Co. to sell approximately 300,000 shares, worth about $10 million at the close of business Monday, of his Coach common stock. According to a filing released by the Securities and Exchange Commission Monday, the shares to be sold will be acquired by exercising, depending on the price, approximately 867,000 options worth $28.8 million, which will net Frankfort approximately 345,000 shares of stock worth $11.5 million after the cost of exercise and related taxes. He will then sell 300,000 of those shares between January and August 2003 in order to diversify a portion of his assets. Coach said the sales will be timed to follow the company’s regular second-, third- and fourth-quarter earnings releases. As of Aug. 31, Frankfort beneficially owned 1.7 million common shares worth $56.6 million, or 1.9 percent, of Coach’s total common stock. Coach shares closed at $33.27, up 77 cents or 2.4 percent, in New York Stock Exchange trading Monday.
SIMON GOES TO THE SOURCE: Simon Property Group filed a preliminary proxy statement with the Securities and Exchange Commission to enable it to ask shareholders of Taubman Inc. to call a special meeting. An affirmative response from at least a quarter of Taubman’s shareholders will require the mall developer to hold the meeting, at which Simon wants to ask them to vote on Simon’s $18-per-share cash offer for its rival. Shares of Taubman closed on Monday at $16.38, up 13 cents in Big Board trading.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews