NO LV EYE DEAL: Luxottica chairman Leonardo Del Vecchio denied speculation that his company is negotiating an eyewear licensing agreement with LVMH Moët Hennessy Louis Vuitton for Louis Vuitton eyewear. “Signing a contract with Louis Vuitton is not part of our plans,” Del Vecchio said. He added that Luxottica will have news of a fresh licensing deal soon but declined to name the contenders or specify whether they are Italian or foreign. Luxottica is trying to compensate for losing its Giorgio Armani license, which accounts for 7.2 percent of its revenue, which was $3.05 billion in 2001, putting Armani sales at $225.3 million.
This story first appeared in the December 6, 2002 issue of WWD. Subscribe Today.
A KIND OF HUSH: Detroit bankruptcy court judge Susan Pierson Sonderby on Thursday granted Kmart Corp.’s request for a protective order to keep confidential the depositions the retailer has taken in the course of its review of past management practices. Kmart had previously obtained court approval of confidentiality agreements between the company, its three creditors committees, the Securities and Exchange Commission and the U.S. Attorney’s Office in Detroit. Kmart reportedly is on track to complete its review by year’s end, although the other probes by the SEC and U.S. Attorney’s Office are expected to take more time. The retailer has said that it might take legal action against certain former employees.
LACK OF COURREGES: Paul Deneve has left the house of Courrèges as managing director. There are no immediate plans to replace him, according to a spokeswoman for the house. In a move that puzzled retailers, Coqueline Courrèges, who runs the offbeat house founded by her husband, Andre, abruptly announced this fall that she would stop wholesaling to multibrand stores. She said she was fed up with that way of doing business. Deneve had been instrumental in relaunching the brand.