YURMAN’S NEW HOME: Jewelry firm David Yurman has sealed the deal for its new corporate headquarters. The company has signed a 15-year lease on a 65,000-square-foot, two-and-a-half-floor space in a 12-story building at 200 Hudson Street in New York’s TriBeCa neighborhood on land owned by Trinity Church. Terms of the deal were not disclosed. “Sybil and I are reaffirming our roots in TriBeCa,” David Yurman said, referring to his wife and business partner. “We have lived here for 28 years and we…will now be living and working in the community.” The HLW architecture firm will be handling the design work and the company is expected to move in sometime in the second half of 2003.
This story first appeared in the December 11, 2002 issue of WWD. Subscribe Today.
BAILEY JOINS TRINITY MIRROR: Sly Bailey has been named chief executive of the U.K.’s largest newspaper publisher Trinity Mirror PLC. Bailey, 40, is currently chief executive of IPC Media, a division of Time Inc., the publishing division of AOL Time Warner. During her tenure, she led IPC Media through its management buyout and led the successful sales discussions with AOL Time Warner in 2001. “Sly has a proven track record in building businesses and brands, excellent media credentials and will bring extra drive and vigor to our national and regional newspapers,” said Victor Blank, chairman. Trinity Mirror publishes 250 titles across the U.K., and its flagship is the Daily Mirror. A statement from IPC said a successor to Bailey will be announced early next year.
GLORIA JEWELRY: Jones Apparel Group isn’t wasting much time expanding the Gloria Vanderbilt brand: Gloria Vanderbilt jewelry will make its debut in the January market and will hit stores in late spring. Produced by fashion jewelry firm Victoria & Co., also a division of Jones, the line will include materials such as wood and colored stones, but not semiprecious stones, said Jackie Corso, the new chief executive of Victoria. The jewelry is aimed at the moderate market, and prices are still being determined. Gloria Vanderbilt was purchased by Jones earlier this year for about $140 million.
GOOD NOVEMBER NEWS: Toiletries and cosmetics and apparel and accessories advertising had healthy Novembers. According to Publishers Information Bureau, toiletries and cosmetics ad pages increased 10.6 percent to 1,781.2 ad pages, while apparel and accessories ad pages were up 9.5 percent to 2,522.8. From January through November, toiletries and cosmetic ad pages declined 0.6 percent to 15,168.3, while apparel and accessories ad pages dropped 11.2 percent to 20,480.4, according to PIB. Year-to-date ad pages across the 12 PIB-tracked categories were 206,409.5, down 4.5 percent from a year ago.