NEW CFO FOR JONES DENIM: Tami Fersko has been named chief financial officer of Jones Apparel Group’s denim-based collection business. She oversees the financial business for the denim-based collections, comprising Polo Jeans Co., LEI and Sun...
NEW CFO FOR JONES DENIM: Tami Fersko has been named chief financial officer of Jones Apparel Group’s denim-based collection business. She oversees the financial business for the denim-based collections, comprising Polo Jeans Co., LEI and Sun Apparel. Fersko joined Jones in 1998 when it acquired Sun Apparel, where she most recently was senior vice president of operations and finance. In another move, the company promoted Joe Kaelin to controller. He reports to Fersko. Kaelin most recently served as accounting manager for the Sun division.
FIELDS 2 FACTORY: Factory 2-U Stores Inc. has named William Fields chairman and chief executive officer. He succeeds Mike Searles, who has held the president and ceo positions since March 1998 and the chairmanship since November of that year. Fields, 53, has an extensive background that includes serving as president and ceo of Wal-Mart Stores Inc. from 1993 to 1996, and most recently, serving as chairman and ceo of Blockbuster Entertainment Group from 1996 to 1997. Having originally joined Wal-Mart in 1971 as an assistant store manager, Fields held various management positions for 24 years, culminating in his stewardship of the company. During his tenure, Fields oversaw more than 2,000 stores and 600,000 employees while growing Wal-Mart to more than $70 billion in sales from $40 million. Fields’ other experience includes the positions of president and ceo of the Hudson’s Bay Company from 1997 to 1999, as well as chairman and chief executive officer of Apec China Asset Management Ltd. from 1999 until October 2002.
ASHLEY TO SHUTTER STORES: In a bid to stem losses in continental Europe, Laura Ashley Holdings PLC will close five stores in France and six in Germany. In a statement Thursday, the company also said it plans to reduce the number of new stores slated for opening in the U.K. for the remainder of this year and next year. This year, 16 stores will have opened. The firm did not reveal how many stores had been planned. The store closings will result in an exceptional charge of $1.6 million for the year ended Jan. 25. The company said for the six weeks ended Nov. 2, total same-store sales rose 7 percent, while fashion sales pumped up 17 percent.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews