EU LAUNDRY LIST: A draft of potential U.S. products that could be hit with punitive European Union duties is being circulated among EU members, and it includes man-made and cotton apparel and textiles. The draft, sent Tuesday to EU members, is a...
EU LAUNDRY LIST: A draft of potential U.S. products that could be hit with punitive European Union duties is being circulated among EU members, and it includes man-made and cotton apparel and textiles. The draft, sent Tuesday to EU members, is a laundry list of U.S. exports drawn up two years ago when Europeans first challenged a U.S. export tax subsidy at the World Trade Organization. The list then, and now, is being used as a basis to create a final list for retaliatory tariffs. Two years ago, the EU delayed retaliation over the U.S. tax, which the WTO has deemed to be in violation of the global trade body’s rules as an illegal subsidy. EU leaders have expressed exasperation that Congress hasn’t yet revoked the tax, although lawmakers say they plan to do so.
FILLING A GAP: Bob Martin, former president and chief executive of Wal-Mart Stores’ International division, has been added to the Gap Inc.’s board of directors, returning the group to the 12-person configuration it had in 2000. During a 15-year tenure at Wal-Mart, Martin also served as its chief information officer. A Gap spokesman said that the San Francisco-based firm’s board has fluctuated between 10 and 12 members since 1999.
CORD’S NEW HOME: As he transitions into using his new name, Barry Kieselstein-Cord — soon to be known professionally and personally as Barry Cord — is also beginning a new identity as a retailer. The accessories designer is putting the finishing touches on his first company-owned store on West Broadway between Prince and Houston Streets in the former Rizzoli Bookstore space. Itwill have a soft opening early next week. Although he is changing his name to make it roll off the tongue a little easier, the store will carry the somewhat cumbersome moniker Barry Cord Kieselstein-Cord. The ground floor of the 5,000-square-foot space will showcase eyewear, jewelry, belts, bags and luggage, while the top floor will carry home furnishings and a fine art gallery, complete with its own curator.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion