GARDEN STATE SEARING: New Jersey officials said Monday that Sears, Roebuck & Co. is one of four companies the state plans to sue for massive pension fund losses. At a press conference, Gov. Jim McGreevey and other state officials said New Jersey will...
GARDEN STATE SEARING: New Jersey officials said Monday that Sears, Roebuck & Co. is one of four companies the state plans to sue for massive pension fund losses. At a press conference, Gov. Jim McGreevey and other state officials said New Jersey will bring a securities class-action lawsuit against the retailer and some of its officers and directors alleging that the defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market between Jan. 17 and Oct. 17. Along with Sears, New Jersey plans to bring suits against Tyco International Ltd., Qwest Communications Inc. and Electronic Data Systems for allegedly causing more than $150 million in state pension system losses. The state’s fund lost more than $6 billion last quarter, and more than $20 billion over the past three years.
ALL EYES ON STELLA: Gucci Group and Safilo Group, the Italian eyewear manufacturer, aren’t wasting time when it comes to developing branded sunglasses. After Bottega Veneta, it’s Stella McCartney’s turn. She will launch an initial sunglass collection comprising six styles, which will bow globally next spring. Details on prices and distribution were not available.
NEW VP AT VESTIMENTA: Vestimenta Inc. has promoted Jeffrey Weinberg to vice president, a new post. He was formerly director of men’s sales. A six-year veteran of the company, Weinberg continues to oversee Vestimenta’s men’s division, while his new responsibilities include women’s sales and steering retail planning and expansion. Weinberg also serves as the senior liaison between Vestimenta’s American branch and its parent company, based in Trento, Italy. The company’s women’s sales director, Ellen Zornberg, now reports to Weinberg, and the company is still searching for a president to succeed John Wilson, who left in April.
CHANGES AT ELLEN TRACY: Ellen Tracy has promoted Joni Storgion-Knight to vice president of design for the Linda Allard collection and Donna McKenzie to vice president of design for the company line. Both worked in their respective areas but now have more responsibilities. They continue to be based at Ellen Tracy’s New York office and report to Allard. Additionally, Beth Ann Mayer has joined the firm as vice president of product development. Most recently, she was vice president of merchandising for Elie Tahari. She also reports to Allard.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast