S&P UPGRADES: Taking a rosier view on Kohl’s Corp., Standard & Poor’s raised its outlook on the Menomonee Falls, Wis.-based retailer to positive from stable and reaffirmed its "A-minus" corporate credit rating. The firm’s $133...
S&P UPGRADES: Taking a rosier view on Kohl’s Corp., Standard & Poor’s raised its outlook on the Menomonee Falls, Wis.-based retailer to positive from stable and reaffirmed its "A-minus" corporate credit rating. The firm’s $133 million 364-dayrevolving credit facility maturing in July and its $532 million revolving credit facility due in 2007 were also assigned "A-minus" ratings. "The outlook anticipates that Kohl’s business and financial risk profiles will improve, given strong growth prospects for the company through store expansion and superior execution," said fixed-income analyst Diane Shand in a statement. S&P also raised its long-term debt rating on TJX Cos. to "A" from "A-minus," citing consistently good operating performance, strong market position and the expectation that its conservative management approach will be maintained as the firm’s growth spurt continues. The short-term rating was also brought up to "A-1" from "A-2" while the off-pricer’s credit outlook remained stable.
REDBOOK HONORS: First Lady Laura Bush delivered the keynote address at Redbook’s fifth annual "Mothers & Shakers" awards luncheon Thursday at Lincoln Center’s Avery Fisher Hall. Bush, dressed in a lavender suit, told the audience she was delighted to be among so many "friends and friendly faces" who share the common goal of bettering America. "The achievements today are diverse, but what they have in common is humanity," said the First Lady, before citing the President’s plea for Americans to volunteer more. The honorees included Tyra Banks, for working to boost pre-teens’ self-esteem; Maria Cuomo Cole, for aiding the homeless; The Dixie Chicks, for helping save endangered species and protecting the environment; Angie Harmon, for fighting video voyeurism; Marlee Matlin, for working to keep the nation’s blood supply full, and Laura San Giacomo, for raising awareness about classroom diversity. Jayne Jamison, vice president and publisher of Redbook, which is celebrating its centennial, plugged the magazine’s new, updated look: "We look pretty good for 100, don’t you think?"
MADISON SHOES: Via Spiga, the shoe and accessory retailer, is moving to 692 Madison Avenue, between 62nd and 63rd Streets, according to Stuart Ellman and Helene Wall Fagan of Judson Realty LLC, the broker representing the landlord and the tenant. Via Spiga will have three levels and 3,600 square feet, and aggregate rent in excess of $7 million, Ellman said. Via Spiga is currently at 765 Madison Avenue.
KASPER’S EUROPEAN PRESIDENT: Kasper ASL Ltd. has appointed Henrik Madsen president of its European division. Madsen will report to John D. Idol, chairman and chief executive officer of the company, and he will be responsible for women’s apparel for Anne Klein New York, AK Anne Klein, Albert Nipon, Kasper and Le Suit brands throughout Europe and the Middle East. Madsen has spent seven years building the international business for the French Connection Group in London, and prior to that, he was with the Prada Group in Milan, where he served as brand director for Miu Miu.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)