KATZ OUT, SPIRO IN: Neil Katz has resigned as president of Liz Claiborne Cosmetics. He will be replaced by Art Spiro, who is leaving his post as general manager of Guerlain. Spiro had been vice president of marketing at Liz Claiborne Cosmetics before...
KATZ OUT, SPIRO IN: Neil Katz has resigned as president of Liz Claiborne Cosmetics. He will be replaced by Art Spiro, who is leaving his post as general manager of Guerlain. Spiro had been vice president of marketing at Liz Claiborne Cosmetics before joining Guerlain last December. According to Guerlain executives, Spiro will remain at Guerlain through the end of 2002. A successor to Spiro has not yet been named by Guerlain; Camille McDonald, president and chief executive officer of Parfums Givenchy, Guerlain and American Designer Fragrances, to whom Spiro reported, will handle Spiro’s duties in the interim.
SAKS EXEC MOVES: The Saks Support Group of Saks Inc. has reorganized top management to succeed Dave Baker, executive vice president of operations and logistics, and Jack Miller, senior vice president of store planning, construction, maintenance and energy. They retire on Jan. 31. Assuming Baker’s role are Mike Rodgers and Dan Dasinger. Rodgers is senior vice president of credit and will be promoted to executive vice president of operations, e-business and credit. Dasinger is vice president of logistics, and will be promoted to senior vice president of logistics. Also, Don Docken has joined the company as senior vice president of store planning, construction, facilities and energy. He will assume Miller’s responsibilities. All will be based in Jackson, Miss., reporting to Jim Coggin, president and chief administrative officer of Saks Inc.
GREENBACKS FOR KMART: Kmart Corp. is seeking bankruptcy court approval on a deal in which the IRS agreed to pay the chain a net tax refund of at least $6.5 million by Nov. 27. The agreement resolves claims the government has against Kmart for corporate income taxes in the year ended January 1999 and for excise taxes for the periods ended on or before Dec. 31, 1998. The IRS determined the refund amount by offsetting claims against Kmart against the amounts it owed Kmart for overpayments. Also, the amount to be paid to Kmart by the IRS could rise by up to $1.5 million, depending on terms to which the parties can further agree on interest for some of the overpayments and underpayments.
Separately, bankruptcy court records indicate that at least five former executives received subpoenas from Kmart as part of the retailer’s internal investigation of its former stewardship. Those filing certificates of service with the court are David Montoya, John Owen, Hector Dominguez and Leo Anguiano, while William Wulfers has filed an objection to some of questions over use of a corporate jet, reimbursements, and whether he had outside contacts with anyone working at Wal-Mart Stores or with Wayne Hood, an analyst at Prudential Securities who first raised the possibility of a Kmart bankruptcy.
Madonna turns 59 today, marking another year of show-stopping, one-of-a-kind bold looks from the singer. To celebrate, we took a look at the superstar's most memorable fashion moments. Here, Madonna sits front row at Versace's spring runway show in 1995. See more exclusive photos from the #wwdarchive on WWD.com. #wwdeye (📷: Cédric Dordevic)
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)