WOLFORD WOES: Sales at luxury innerwear firm Wolford dropped 7 percent, to $61.8 million from $66.7 million, in the six months ended Oct. 31. The Bregenz, Austria-based company cited sluggish consumer spending and reorganization costs for the drop and...
WOLFORD WOES: Sales at luxury innerwear firm Wolford dropped 7 percent, to $61.8 million from $66.7 million, in the six months ended Oct. 31. The Bregenz, Austria-based company cited sluggish consumer spending and reorganization costs for the drop and said that, due to "strategic upgrading of the lingerie and swimwear lines," advance orders for spring/summer 2003 merchandise had increased at a double-digit rate. Sales to department stores declined 3 percent and sales to multibrand stores were off 16 percent, while sales in its own boutiques dipped 4 percent. First-half profits are due on Dec. 11.
TIFFANY EXEC RESIGNS: Tiffany & Co. said Wednesday that Linda Hanson, senior vice president of merchandising, has resigned, effective Feb. 1, 2003. Michael J. Kowalski, Tiffany’s president and chief executive officer, said in a statement that all merchandising functions will report directly to him following Hanson’s departure. Hanson, a 13-year veteran of the company, will continue to consult for the firm. "We would prefer that she remain, but she in unshaken in her resolve to effect a professional and lifestyle change," Kowalski said.
PREMIERE’S RECOVERY PROGRAM: Premiere, the struggling movie magazine owned by Hachette Filipacchi Media U.S., has instituted some major changes in an effort to return to profitability. David J. Fishman, senior vice president of brand development of Hachette Filipacchi Media U.S., has been named senior vice president and group publishing director, overseeing Premiere’s sales and marketing efforts. Continuing his role of running Hachette Enterprises, he will be responsible for further extending the Premiere brand through strategic alliances and licensing. Kim Pinto Korda continues as Premiere’s publisher. Beginning in February, Premiere will cut its frequency from 12 to 10 times per year and reduce its rate base to 500,000 from 600,000. At the same time, the magazine’s cover price will go up to $3.99 from $3.50. Through November, Premiere’s ad pages are down 11.3 percent to 354 ad pages, according to Media Industry Newsletter.
IT’S FUR CHARITY: Carla Fendi, celebrity dermatologist Patricia Wexler and Next Models owner Faith Kates Kogan will host a reception on Tuesday at the Fendi store to benefit the Ovarian Cancer Research Fund, of which Kogan is president. A percentage of sales that evening and through Nov. 16 will be donated to OCRF. Expected guests include Fendi clients Nan Kempner, Vera Wang and Lil’ Kim, as well as Carla’s pal Woody Allen, who is just back in town from doing a saxophone concert in Rome, where he also attended the Fendi show.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye