STOCK SALE, PERHAPS?: Guess Inc. last week received a request from the Armand Marciano Trust that the company file a shelf registration statement to register all of the shares of common stock — 6.5 million shares — in Guess that are held...
STOCK SALE, PERHAPS?:Guess Inc. last week received a request from the Armand Marciano Trust that the company file a shelf registration statement to register all of the shares of common stock — 6.5 million shares — in Guess that are held by the Trust. Marciano, who is the company’s senior vice president and assistant secretary, is on medical leave. Guess said it expects to file the registration with the Securities and Exchange Commission in the near future. The filing, under SEC rules, allows a company to comply with registration requirements up to two years prior to the public offering of securities.
A STOP-GAP MEASURE: Factory workers from Indonesia are appealing to U.S. consumers to boycott Gap products in a protest over labor conditions at factories in Southeast Asia, Africa and Latin America. Gap officials could not be reached for comment over the weekend. A spokeswoman for the specialty chain, which has been the target in the past of labor activists, said in a published report on Friday that the factories are not owned by Gap, but are independently contracted by Gap and other firms. The report said that Gap does pay minimum wage in most of the countries where it hires factories.
TAKING OVER: Dolce & Gabbana has acquired the assets of three D&G stores in California formerly operated by Axsinvest Inc. This brings the number of D&G boutiques in the U.S. to six, all of which are now owned by D&G Stores America Inc. The company is planning to open three new D&G boutiques in the U.S. next year and 10 additional stores in the following three years.
LET THE TRUCKS ROLL: President Bush gave the green light Wednesday for Mexican trucks to travel into the U.S. beyond commercial border zones, nearly a year after he said he wanted to allow them into the U.S. After years of delays and legal challenges, the U.S.-Mexico border is slated to be open soon to two-way traffic, as stipulated eight years ago in NAFTA. Before trucks and buses are allowed on U.S. roads, however, the Department of Transportation must review applications from carriers. The agency said in a statement that it has received 130 applications from Mexico truck and bus companies and expects to act on them soon.
STUBBED TOE: Another French shoe company is in trouble. Charles Jourdan, based in the town of Romans in southeastern France, last week said it would cut 295 employees, about a third of its workforce. The luxury shoe firm said it would eliminate 76 jobs in the United States, where it will shutter the 15 shops it had opened over the last two years. In a statement, Jourdan blamed the U.S. for the "majority" of its losses. Jourdan said it expects sales of about $82 million this year with "significant" losses. The company expects to break even next year. The announcement comes two months after Stephane Kélian, another French luxury shoe firm, declared it had entered the equivalent of Chapter 11 proceedings.
LEGAL WOES: Harry Winston Inc. has been sued by a former employee alleging libel and slander in a New York State court in Queens, according to a published report. According to the report, Max Pincione claimed that the famed jewelry firm owes him millions in unpaid commissions, and charges his former employer with ruining his reputation with allegations of theft. Officials at Harry Winston could not be reached for comment.
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