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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)