GAP'S LILLIE RETIRES: John Lillie has retired as vice chairman and a director of Gap Inc. Lille had been a director since 1992 and had served as vice chairman with responsibility for supply chain, administration and financial operations since January...
GAP'S LILLIE RETIRES: John Lillie has retired as vice chairman and a director of Gap Inc. Lille had been a director since 1992 and had served as vice chairman with responsibility for supply chain, administration and financial operations since January 2001. Donald Fisher, chairman of Gap, said the firm will seek an outside director to take Lillie’s seat on the board, thereby allowing independent board members to make up two-thirds of the group.
DONNA AT HOME: Donna Karan International has entered an exclusive licensing agreement with CHF Industries to manufacture, market and distribute its Donna Karan New York Home and DKNY Life collections. "This is an important alliance that will allow us to further develop our vision for the home business, said Fred Wilson, chief executive officer of Donna Karan International. CHF Industries, founded 80 years ago and based in New York, has roots in the home furnishings industry. The current Donna Karan Home organization will remain in place and will continue to be headed by Patsy Pollack, president and ceo, reporting to Frank Foley, chairman and ceo of CHF Industries.
LIFE WITH COOGI: Urban sportswear maker Coogi Australia has been bought by Norman and Bruce Weisfeld, who also invest in the Fubu and Willie Esco brands, and Jimmy Khezrie, owner of retail chain Jimmy Jazz. The partners plan to restructure the brand into a bridge-priced collection along with a lower-priced line, as well as sign licenses to create a Coogi lifestyle. The purchase price of the 33-year-old label was not disclosed.
CALLING DICK TRACY: Fossil Inc. has teamed up with Palm Pilot to create the first watch that has Palm-powered technology. The Wrist PDA, as it is called, will be sold under two brands: Fossil and Abacus, a new technology brand that will target electronics stores. The watches, which will retail for less than $300, are being introduced this week at the Comdex show in Las Vegas and are expected to be available in the U.S. and internationally by the middle of 2003.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)