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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast