FAST FORWARD: Swedish retailer Hennes & Mauritz on Tuesday said group sales rose 8 percent in September compared with the same period last year. H&M sales increased 34 percent in September 2001. The firm did not break down sales on a same-store...
FAST FORWARD: Swedish retailer Hennes & Mauritz on Tuesday said group sales rose 8 percent in September compared with the same period last year. H&M sales increased 34 percent in September 2001. The firm did not break down sales on a same-store basis.
FILA CFO: Fila has named Bruno Tufari as its new chief financial officer. Tufari replaces Enzio Bermani, who came out of retirement to serve as interim cfo at the end of June. Bermani will remain on the board. Prior to joining Fila, Tufari was vice president of finance and administration at technology firm Getronics Solutions Italia. As reported, Holding di Partecipazioni Industriali has been trying to sell money-losing Fila for more than a year. HdP has said it is talking to several prospective buyers including VF Corp.
WINDING DOWN FINANCING: Ames Department Stores Inc., which is liquidating its operations, on Tuesday received Manhattan bankruptcy court approval of $30 million of a new $100 million debtor-in-possession financing facility to help it finish winding down. Kimco Funding, which already provided the company with a $55 million term loan earlier in its Chapter 11 case, will provide the loan. Ames said the new financing will help pay real estate carrying costs and pay the amounts due under the original Kimco DIP loan. A hearing is set for Oct. 23 for the balance of the $100 million request.
Searle’s seventh: Searle plans to open on Oct. 23 its seventh retail location, a two-story unit at 156 Fifth Avenue in the FlatIron district here. Searle signed the lease last Friday, said David Lazar, director of retail for Searle. He said the location, formerly occupied by Country Road, is in excellent condition and does not need refurbishing to operate. Garrick-Aug retail real estate brokers, led by Faith Hope Consolo, vice chairman, and Joseph A. Aquino, managing director, arranged the leasing. The store, between 20th and 21st Streets, has 7,200 square feet for selling, and a total of 10,000 square feet. Searle’s other six locations are all in Manhattan.
MEDIA MOVES: The Hearst Corp. named Eve Burton, 43, as vice president and general counsel designate Tuesday. Burton most recently served in the same capacity at CNN from 2000-01. She succeeds Jonathan E. Thackeray, 66, who is retiring. Elsewhere, Amy Synnott has been promoted to beauty news director at In Style Magazine. Synnott has been senior beauty editor at In Style since June 2000. Also, Valerie Latona has been named beauty director of Self magazine. She succeeds Anne Breza, who is moving to California. Most recently, Latona was beauty director at Shape. She starts Oct. 28
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)