SMELL OF MONEY: Is Bernard Arnault getting back into acquisitions mode — or just doing a little holiday shopping? The LVMH Moët Hennessy Louis Vuitton chairman recently took a 16 percent stake in Lampe Berger, a French company best known...
SMELL OF MONEY: Is Bernard Arnault getting back into acquisitions mode — or just doing a little holiday shopping? The LVMH Moët Hennessy Louis Vuitton chairman recently took a 16 percent stake in Lampe Berger, a French company best known for its decorative, odor-eating lamps. Details of the transaction, done via his L Capital investment arm, were not disclosed. Lampe Berger, founded in 1898 by a pharmacist, supplied hospitals 100 years ago. Today, the company makes fancy lamps for home use that resemble oversized perfume bottles and magically dissipate cigarette smoke and odors like cooked cabbage. The firm is expected to have about $69 million in sales this year. The lamps range in price from about $60 into the thousands.
READ THE LABEL: Apparel makers will be granted a one-time exemption from being fined under mandatory garment content and care labeling laws, if a case of mislabeling against them is brought to the Federal Trade Commission’s attention. The FTC’s announcement this week is a policy decision that makes formal a longtime informal practice. Companies caught by the FTC for garment mislabeling could face up to $11,000 in fines for each mislabeled garment. However, as the FTC noted, with 34,000 companies importing and manufacturing more than $17 billion garments for sale in the U.S., "it is not surprising that minor violations regularly occur." The FTC said its new policy doesn’t mean a retreat from enforceing garment labeling rules and recapped its enforcement record: 31 cases since 1990, nine of which carried penalties ranging from $10,000 to $360,000.
DILLARD’S EXITS: Dillard’s Inc. will close three stores — a 249,000-square-foot store at Bashford Manor in Louisville, Ky., a 96,000-square-foot store at the Louisville Galleria in the same city and a 259,000-square-foot store at Springdale Mall in Mobile, Ala. The company said it will attempt to place workers from the stores in other units in those markets.
AOL CONTENT DEAL: America Online said it will offer exclusive content on its service from various AOL Time Warner divisions, including Time Inc. magazines such as In Style, People, Time, Entertainment Weekly, Real Simple and Teen People. The content, as well as video from CNN, will be offered free to AOL members. The company said the magazines individually may decide to offer their content online for a fee, although the move comes amidst reports of continuing tensions between the new and old media parts of AOL Time Warner as AOL’s difficulties continue to drag down the stock price of the group.
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
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
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