CLAIRE’S CASH-OUT: Claire’s Stores Inc. chief financial officer Ira Kaplan sold his 133,425-share stake in the company last week, according to filings released Friday by the Securities and Exchange Commission. On Monday, Kaplan sold 70,000...
CLAIRE’S CASH-OUT: Claire’s Stores Inc. chief financial officer Ira Kaplan sold his 133,425-share stake in the company last week, according to filings released Friday by the Securities and Exchange Commission. On Monday, Kaplan sold 70,000 shares for $25.08 each and on Tuesday he sold 63,425 shares for $25.07 each for total proceeds of $3.35 million. Reached for comment, Claire’s said Kaplan, who has not sold any of his Claire’s stock in 10 years, maintains 93,000 shares in stock options, and sold his shares in order to pay back a company loan and to diversify his portfolio. Kaplan now owns no shares of the company’s common stock.
FAY’S NEW FACE: The Leslie Fay Co. Inc. has appointed Gwen Gepfert chief financial officer, effective Jan. 1, when current cfo Warren Wishart will step down. Gepfert will serve on the executive committee and will report to chief executive officer W. John Short. Gepfert was most recently cfo for Polo Ralph Lauren’s U.S. wholesale and licensing businesses with responsibility for finance and operations. "Gwen brings to The Leslie Fay Co. Inc. a strong and diverse background in finance, operations and licensing, making her a perfect match and a great addition to the skill set of our management team," said Short in a statement. Prior to joining Polo, Gepfert served as cfo at Kasper ASL Ltd.
BLAIR RINGS IN 75 ON ASE: John Zawacki, ceo of Blair Corp., the direct marketer that produces the Jane Seymour collection, will ring the American Stock Exchange’s opening bell this Thursday along with actress Jane Seymour. The 93-year-old firm is celebrating its 75th anniversary of public trading on the exchange, and it is also marking its first anniversary of Seymour’s apparel line, sold exclusively through its Crossing Pointe catalog and Web site. Blair will donate $75,000 to the Susan G. Komen Breast Cancer Foundation, based on money raised online during October’s Awareness month, and will present the check to the foundation just before the opening bell.
SHIP TO SHORE: Ship ’n Shore, one of America’s oldest women’s apparel brands, has signed a licensing agreement with Prestige Global Co. Ltd. and Once Again to launch a moderate sportswear and denim collection for fall 2003. Joel Schwartz, president of SWC Enterprises Inc., licensor and manager of the brand that was founded in 1916, said the new collections will target a consumer 35 and up with updated merchandise designed to fit her budget and figure.
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