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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)