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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty