BORDER CROSSINGS: President Bush and Canadian Prime Minister Jean Chretien, meeting in Detroit on Monday, announced a quick-pass system to speed trucks and their cargo crossing the U.S.-Canada border. Companies can begin registering next Monday for...
BORDER CROSSINGS: President Bush and Canadian Prime Minister Jean Chretien, meeting in Detroit on Monday, announced a quick-pass system to speed trucks and their cargo crossing the U.S.-Canada border. Companies can begin registering next Monday for the Free & Secure Trade Program, which will require firms to pre-clear their cargo with either country’s Customs Department. By the end of the year, registered trucks and drivers can clear Customs in either country in special lanes at five crossings. About $1.3 billion in trade crosses the border daily.
STEEP DROP AT MARZOTTO: Marzotto saw its first-half net profit drop sharply to $1.67 million from $15.9 million on weak results at its textile division and Hugo Boss units. (Dollar figures have been converted from the euro at current exchange.) Consolidated sales dropped 3.7 percent to $816.4 million from $863.2 million the year before. Allowance for bad debts also ate into the bottom line. Provisions on Hugo Boss caused that figure to swell to $16.2 million from $4.32 million. Marzotto said that despite losses at recently acquired Valentino, full-year 2002 net profit should be in line with the $54.7 million figure of 2001, if it sells off the real estate and other assets it has marked for sale. Marzotto said 2002 sales should rise "slightly."
JUST ADD WATER: Heatherette designers Richie Rich and Traver Rains are helping Parsons School of Design junior Sarah Kassaae make a splash in the fashion world. As the champ of a Dasani-sponsored design contest for a water-inspired T-shirt, Kassaae’s sequined number with a plunging V-neck and corset-type touches will be showcased at Heatherette’s fashion show Sept. 17. The aspiring designer also won backstage passes to the show and a $1,500 shopping spree with Heatherette.
MONEY TO KMART: TBWA Worldwide, Kmart’s advertising agency, will pay the bankrupt retailer $2.7 million in a dispute involving third-party media obligations, and the agency will retain an equal amount in the matter revolving around $5.4 million of overpayment by Kmart. Additionally, TBWA’s $1.7 million general unsecured prepetition claim against Kmart remains outstanding. Separately, Kmart said Monday it has launched its inaugural issue of La Vida magazine, an entertainment and lifestyle magazine for the Hispanic community, one of the retailer’s target markets.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty