MAYOR’S NEW BOARD: Massimo Ferragamo and Ann Spector Lieff have joined the board at Mayor’s Jewelers Inc., bringing the number of members to nine. Ferragamo is chairman of Ferragamo USA Inc., a subsidiary of Italian fashion house Salvatore...
MAYOR’S NEW BOARD: Massimo Ferragamo and Ann Spector Lieff have joined the board at Mayor’s Jewelers Inc., bringing the number of members to nine. Ferragamo is chairman of Ferragamo USA Inc., a subsidiary of Italian fashion house Salvatore Ferragamo, while Lieff is founder and president of The Lieff Co., a consulting firm specializing in leadership development. Controlling interest in the troubled jewelry firm was purchased this year by Canadian chain Henry Birks Inc., which is working to return Mayor’s to profitability and boost sales.
DOLLAR DON: Dollar General Corp. has named Donald S. Shaffer acting chief executive while continuing as president and chief operating officer. But the company also said Shaffer is a candidate in the ceo search, being conducted by Korn/Ferry International. No timetable has been set. Cal Turner, who was ceo and continues as chairman, said, "The appointment allows the company to adhere to the provisions of the Sarbanes-Oxley Act of 2002 that require certification of certain SEC filings by the principal executive officer of a company. Under the existing Dollar General structure, the financial reporting and control functions have reported to Don, so it is appropriate that he certify under Sarbanes." Shaffer, who joined Dollar General in 2001 as president and chief operating officer, is a 30-year veteran of Sears, Roebuck and former ceo of Sears Canada.
MOSSIMO SAYS NO: Mossimo Inc. said Wednesday it is "reviewing its options" in regards to an arbitration panel’s ruling Monday in favor of Cherokee Inc. The two were in a dispute over finder’s fee royalties generated by Mossimo’s licensing agreement with Target Stores. Although it disagreed with the ruling, unspecified amounts found to be owed to Cherokee have been put in a separate account and charged to operations in the period ended Sept. 30. Attorney’s fees and other expenses that could be awarded to Cherokee would be charged against Mossimo’s operating results when they are incurred, the firm said.
HERMES PULLS BACK: Hermès International, the French luxury firm, on Wednesday reported third-quarter revenues slid 2.6 percent to $297.5 million from $305.3 million in the same period last year. The numbers slightly beat the expectations of analysts, who had figured on a drop of about 5 percent. Dollar figures are converted from the euro at current exchange rates. For the nine-month period ending Sept. 31, Hermès said consolidated sales increased 0.7 percent to $876.7 million. Hermès stock closed up 4.3 percent to close at $145.62 in trading on the Paris Bourse.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews